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*
CERVO CRAIG

(Last) (First) (Middle)
75 INDEPENDENCE ROAD

(Street)
CONCORD MA 01742

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
APPLIX INC /MA/ [ APLX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP Product Development
3. Date of Earliest Transaction (Month/Day/Year)
02/16/2005
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)
Code V Amount (A) or (D) Price
Common Stock 02/16/2005 M 11,304 A $3.875 11,304 D
Common Stock 02/16/2005 M 7,498 A $2.38 7,498 D
Common Stock 02/16/2005 M 23,367 A $1.37 23,367 D
Common Stock 02/16/2005 M 9,000 A $1.75 9,000 D
Common Stock 02/16/2005 S 11,304 D $7.9803 41,644 D
Common Stock 02/16/2005 S 7,498 D $7.9803 41,644 D
Common Stock 02/16/2005 S 23,367 D $7.9803 41,644 D
Common Stock 02/16/2005 S 9,000 D $7.9803 41,644 D
Common Stock 02/17/2005 M 9,750 A $1.75 9,750 D
Common Stock 02/17/2005 M 14,746 A $1.64 14,746 D
Common Stock 02/17/2005 S 9,750 D $7.6593 41,644 D
Common Stock 02/17/2005 S 14,746 D $7.6593 41,644 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $3.875 02/16/2005 M 11,304 (1) 01/01/2006 Common Stock 11,304 (2) 18,696 D
Stock Option $2.38 02/16/2005 M 7,498 (1) 01/01/2008 Common Stock 7,498 (2) 12,502 D
Stock Option $1.37 02/16/2005 M 23,367 (1) 07/01/2008 Common Stock 23,367 (2) 24,133 D
Stock Option $1.75 02/16/2005 M 9,000 (1) 12/06/2008 Common Stock 9,000 (2) 28,500 D
Stock Option $1.75 02/17/2005 M 9,750 (1) 12/06/2008 Common Stock 9,750 (2) 18,750 D
Stock Option $1.64 02/17/2005 M 14,746 (1) 02/05/2010 Common Stock 14,746 (2) 29,004 D
Explanation of Responses:
1. The vesting period of the stock options is 4 years. The options shall vest in equal 12.5% installments, the first installment to vest after the first six months and the remainder to vest at the end of the subsequent 7 consecutive 6-month periods.
2. Derivative price equals exercise price.
Remarks:
Craig Cervo 02/18/2005
** Signature of Reporting Person Date
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).
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.