4 1 cwg122302.txt FORM 4 - EVENT DATE 12/23/02 /----------------------------------------/ / OMB APPROVAL / /----------------------------------------/ / OMB Number: 3235-0287 / / Expires: January 31, 2005 / / Estimated average burden / / hours per response.............. 0.5 / /----------------------------------------/ +-------------+ | FORM 4 | U.S. SECURITIES AND EXCHANGE COMMISSION +-------------+ WASHINGTON, D.C. 20549 [_] Check this box if no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP to Section 16. Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities obligations may Exchange Act of 1934, Section 17(a) of the continue. See Public Utility Holding Company Act of 1935 or Instruction 1(b). Section 30(f) of the Investment Company Act of 1940 (Print or Type Responses) - ----------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Gilluly C. W. - ----------------------------------------------------------------------------- (Last) (First) (Middle) 4900 Seminary Road, Suite 800 - ----------------------------------------------------------------------------- (Street) Alexandria Virginia 22311 - ----------------------------------------------------------------------------- (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol COMTEX News Network, Inc. (OTCBB: CMTX) - ----------------------------------------------------------------- 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) - ----------------------------------------------------------------- 4. Statement for Month/Year December 23, 2002 - ----------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) - ----------------------------------------------------------------- 6. Relationship of Reporting Person to Issuer (Check all applicable) [X] Director [ ] Officer [_] 10% Owner [_] Other (give title below) (specify below) - ----------------------------------------------------------------- 7. 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 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of action action or Disposed of (D) Securities ship of In- Security Date Code (Instr. 3, 4 and 5) Beneficially Form: direct (Instr. 3) (Month/ (Instr. 8) Owned at Direct Bene- Day/ ---------------------------------------------- End of (D) or ficial Year) Month Indirect Owner- Code V Amount (A) or Price (Instr. 3 and 4) (I) ship (D) (Instr. 4) (Instr. 4) --------------------------------------------------------------------------------------------------------------------------------- Common Stock (1) 12/23/02 S 300,000 D $0.10 3,067,506 D --------------------------------------------------------------------------------------------------------------------------------- Common Stock 1,000,000 I By Spouse --------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If this form is filed by more than one reporting person, see Instruction 4(b)(v). (Over) SEC 1474 (3-99) FORM 4 (continued) ================================================================================ Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- Security (Instr. 3) sion or action tion Code ative Securities Exercise Date (Instr. 8) Acquired (A) or Price of (Month/ Disposed of (D) Deriv- Day/ (Instr. 3, 4, and 5) ative Year) Security ------------------------------------------------ Code V (A) (D) ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: (1) Sold in a private transaction. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ C.W. GILLULY December 26, 2002 ------------------------------- --------------------------- Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Page 2 SEC 1474 (3-99)