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OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Johnson Kenneth W.
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(Last) (First) (Middle)
411 First Ave. S., Suite 600
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(Street)
Seattle WA 98104
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Tera Computer Company (TERA)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
09/99
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Chief Financial Officer
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially wned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 09/29/99 P 500 A $3.00 36,644(1) D
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Common Stock 2,600 I(2) As Trustee
of two
irrevo-
cable
trusts
FBO
Reporting
Person's
children
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<FN>
1/Includes an aggregate of 496 shares of common stock purchased by the
reporting person on 9/30/98, 3/31/98 and 3/31/99 under the issuer's Employee
Stock Purchase Plan. These transactions were exempt from the reporting
requirements under Section 16(a) pursuant to Rule 16a-3(f)(1)(i)(B).X
2/Reporting Person disclaims beneficial ownership of these shares as to
which he has voting and dispositive powers as trustee.
</FN>
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the Form is filed by more than one reporting person, see Instruction
4(b)(v).
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- Form of
Conver- 5. 6. 7. ative Deriv- 11.
1. sion Number of Date Exer- Title and Amount Secur- ative Nature
Title or Derivative cisable and of Underlying ities Secur- of
of Exer- 4. Securities Exercisable Securities 8. Bene- ity: In-
Deriv cise 3. Trans- Acquired (A) and Expira- (Instr. 3 and 4) Price ficially Direct direct
ative Price Trans- action or Disposed tion Date ---------------- of Owned (D)or Bene-
of of action Code of (D) (Month/Day/Year) Deriva- at End In- ficial
Sec- Deriv- Date (Instr. (Instr. 3, ---------------- tive of direct Owner-
urity- ative (Month/ 8) 4, and 5) Date Expira- Amount or Security Month (I) ship
(Instr. Secur- Day/ ------ ----------- Exer- tion Number of Instr. (Instr. (Instr. (Instr.
3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
See previous page for explanation of footnote (1).
/s/ KENNETH W. JOHNSON 09/30/99
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
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