SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SINGAPORE TECHNOLOGIES PTE LTD

(Last)

(First)

(Middle)

51 CUPPAGE ROAD

#09-01 STARHUB CENTRE

(Street)

SINGAPORE

229469

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
GRIC COMMUNICATIONS INC [ GRIC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/15/2003		S		1,694	D	$8.0791	228,231	I	See footnote⁽²⁾
Common Stock	10/16/2003		S		15,092	D	$7.6567	213,139	I	See footnote⁽²⁾
Common Stock	10/16/2003		C		47,420	A	⁽¹⁾	260,559	I	See footnote⁽²⁾
Common Stock	10/16/2003		C		61,515	A	⁽¹⁾	322,074	I	See footnote⁽²⁾
Common Stock	10/17/2003		S		4,312	D	$7.5509	317,762	I	See footnote⁽²⁾
Common Stock	10/15/2003		S		1,694	D	$8.0791	228,231	I	See footnote⁽³⁾
Common Stock	10/16/2003		S		15,092	D	$7.6567	213,139	I	See footnote⁽³⁾
Common Stock	10/16/2003		C		47,420	A	⁽¹⁾	260,559	I	See footnote⁽³⁾
Common Stock	10/16/2003		C		61,515	A	⁽¹⁾	322,074	I	See footnote⁽³⁾
Common Stock	10/17/2003		S		4,312	D	$7.5509	317,762	I	See footnote⁽³⁾
Common Stock	10/15/2003		S		3,234	D	$8.0791	576,506	I	See footnote⁽⁴⁾
Common Stock	10/16/2003		S		28,812	D	$7.6567	547,694	I	See footnote⁽⁴⁾
Common Stock	10/16/2003		C		47,420	A	⁽¹⁾	595,114	I	See footnote⁽⁴⁾
Common Stock	10/16/2003		C		61,515	A	⁽¹⁾	656,629	I	See footnote⁽⁴⁾
Common Stock	10/17/2003		S		8,232	D	$7.5509	648,397	I	See footnote⁽⁴⁾
Common Stock	10/15/2003		S		4,378	D	$8.0791	980,725	I	See footnote⁽⁵⁾
Common Stock	10/16/2003		S		39,004	D	$7.6567	941,721	I	See footnote⁽⁵⁾
Common Stock	10/17/2003		S		11,144	D	$7.5509	930,577	I	See footnote⁽⁵⁾
Common Stock								543,981	I	See footnote⁽⁶⁾
Common Stock								153,128	I	See footnote⁽⁷⁾
Common Stock								75,301	I	See footnote⁽⁸⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrants to Purchase Series A Preferred Stock (right to buy)	$1.66	10/16/2003		X			60,241	⁽⁹⁾	04/19/2007	Series A Preferred Stock	60,241	$0	0	I	See footnote⁽²⁾
Warrants to Purchase Series A Preferred Stock (right to buy)	$1.66	10/16/2003		X			60,241	⁽⁹⁾	04/19/2007	Series A Preferred Stock	60,241	$0	0	I	See footnote⁽³⁾
Warrants to Purchase Series A Preferred Stock (right to buy)	$1.66	10/16/2003		X			60,241	⁽⁹⁾	04/19/2007	Series A Preferred Stock	60,241	$0	0	I	See footnote⁽⁴⁾
Warrants to Purchase Series A Preferred Stock (right to buy)	$2.49	10/16/2003		X			90,361	⁽⁹⁾	04/19/2007	Series A Preferred Stock	90,361	$0	0	I	See footnote⁽²⁾
Warrants to Purchase Series A Preferred Stock (right to buy)	$2.49	10/16/2003		X			90,361	⁽⁹⁾	04/19/2007	Series A Preferred Stock	90,361	$0	0	I	See footnote⁽³⁾
Warrants to Purchase Series A Preferred Stock (right to buy)	$2.49	10/16/2003		X			90,361	⁽⁹⁾	04/19/2007	Series A Preferred Stock	90,361	$0	0	I	See footnote⁽⁴⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		X		60,241		⁽⁹⁾	⁽¹⁰⁾	Common Stock	60,241	$1.66	60,241	I	See footnote⁽²⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		X		90,361		⁽⁹⁾	⁽¹⁰⁾	Common Stock	90,361	$2.49	90,361	I	See footnote⁽²⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		X		60,241		⁽⁹⁾	⁽¹⁰⁾	Common Stock	60,241	$1.66	60,241	I	See footnote⁽³⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		X		90,361		⁽⁹⁾	⁽¹⁰⁾	Common Stock	90,361	$2.49	90,361	I	See footnote⁽³⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		X		60,241		⁽⁹⁾	⁽¹⁰⁾	Common Stock	60,241	$1.66	60,241	I	See footnote⁽⁴⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		X		90,361		⁽⁹⁾	⁽¹⁰⁾	Common Stock	90,361	$2.49	90,361	I	See footnote⁽⁴⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		S			12,821	⁽⁹⁾	⁽¹⁰⁾	Common Stock	12,821	$7.8	47,420	I	See footnote⁽²⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		S			28,846	⁽⁹⁾	⁽¹⁰⁾	Common Stock	28,846	$7.8	61,515	I	See footnote⁽²⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		S			12,821	⁽⁹⁾	⁽¹⁰⁾	Common Stock	12,821	$7.8	47,420	I	See footnote⁽³⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		S			28,846	⁽⁹⁾	⁽¹⁰⁾	Common Stock	28,846	$7.8	61,515	I	See footnote⁽³⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		S			12,821	⁽⁹⁾	⁽¹⁰⁾	Common Stock	12,821	$7.8	47,420	I	See footnote⁽⁴⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		S			28,846	⁽⁹⁾	⁽¹⁰⁾	Common Stock	28,846	$7.8	61,515	I	See footnote⁽⁴⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		C			47,420	⁽⁹⁾	⁽¹⁰⁾	Common stock	47,420	$0	0	I	See footnote⁽²⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		C			61,515	⁽⁹⁾	⁽¹⁰⁾	Common Stock	61,515	$0	0	I	See footnote⁽²⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		C			47,420	⁽⁹⁾	⁽¹⁰⁾	Common Stock	47,420	$0	0	I	See footnote⁽³⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		C			61,515	⁽⁹⁾	⁽¹⁰⁾	Common Stock	61,515	$0	0	I	See footnote⁽³⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		C			47,420	⁽⁹⁾	⁽¹⁰⁾	Common Stock	47,420	$0	0	I	See footnote⁽⁴⁾
Series A Preferred Stock	⁽¹⁾	10/16/2003		C			61,515	⁽⁹⁾	⁽¹⁰⁾	Common Stock	61,515	$0	0	I	See footnote⁽⁴⁾

Explanation of Responses:

1. Series A Preferred Stock is convertible into Common Stock on a one-for-one basis.

2. The shareholder of record is Vertex Technology Fund (II) Ltd (VTF2). Singapore Technologies Pte Ltd (STPL) is the sole shareholder of Ellensburg Holding Pte Ltd (Ellensburg), which is the sole shareholder of Vertex Venture Holding Ltd (VVH), which is the majority shareholder of VTF2 . STPL disclaims beneficial ownership of the reported securities held by VTF2, except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that STPL is the beneficial owner of the securities for purposes of Section 16 or any other purpose.

3. The shareholder of record is Vertex Technology Fund (III) Ltd (VTF3). STPL is the sole shareholder of Ellensburg, which is the sole shareholder of VVH, which is the majority shareholder of VTF3. STPL disclaims beneficial ownership of the reported securities held by VTF3, except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that STPL is the beneficial owner of the securities for purposes of Section 16 or any other purpose.

4. The shareholder of record is Vertex Technology Fund Ltd (VTF). STPL is the sole shareholer of Ellensburg, which is the sole shareholder of VVH, which is majority shareholder of VTF. STPL disclaims beneficial ownership of the reported securities held by VTF except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that STPL is the beneficial owner of the securities for purposes of Section 16 or any other purpose.

5. The shareholder of record is Vertex Investment (II) Ltd (VI2). STPL is the sole shareholder of Ellensburg, which is the sole shareholder of VVH, which is the holder of more than 45% of the outstanding shares of VI2. STPL disclaims beneficial ownership of the reported securities held by VI2 except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that STPL is the beneficial owner of the securities for purposes of Section 16 or any other purpose.

6. The shareholder of record is STT Ventures Ltd (STT). STPL is the sole shareholder of Singapore Technologies Telemedia Pte Ltd, which is the majority shareholder of STT Communications Ltd (STT Comm), which is the sole shareholder of STT. STPL disclaims beneficial ownership of the reported securities held by STT except to the extent of its pecuniary interest therein, and this report shall not be deeded an admission that STPL is the beneficial owner of the securities for purposes of Section 16 or any other purpose.

7. The shareholder of record is Singapore Computer Systems Ltd (SCS). STPL is the sole shareholder of Green Dot Capital Pte Ltd, which is the majority shareholder of SCS. STPL disclaims benefical ownership of the reported securities held by SCS except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that STPL is the beneficial owner of the securities for purposes of Section 16 or any other purpose.

8. The shareholder of record is Green Dot Capital (BVI) Inc (GDC BVI). STPL is the sole shareholder of Green Dot Capital Ptd Ltd, which is the sole shareholder of GDC BVI. STPL disclaims beneficial ownership of the reported securities held by GDC BVI except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that STPL is the beneficial owner of the securities for purposes of Section 16 or any other purpose.

9. Immediately.

10. The Series A Preferred Stock does not have a stated expiration date.

Remarks:

	Chua Su Li, Company Secretary, Singapore Technologies Pte Ltd	10/27/2003
	** Signature of Reporting Person	Date
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