SEC FORM 4/A

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

FLEETBOSTON FINANCIAL CORP

(Last)

(First)

(Middle)

100 FEDERAL STREET

(Street)

BOSTON

02110

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
APPLIED GRAPHICS TECHNOLOGIES INC [ AGD ]

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)
06/10/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/06/2003

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⁽¹⁾⁽²⁾⁽³⁾	06/11/2003		X		318,389	A	$0.01	318,389	D
Common Stock⁽²⁾	08/04/2003		U		318,389	D	$0.85	0	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)
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⁽²⁾	$0.01	06/10/2003		J⁽⁴⁾			230,148	⁽⁴⁾	07/15/2003	Common Stock	230,148	$0	0	D
Warrants⁽²⁾	$0.01	06/10/2003		J⁽⁴⁾		230,148		⁽⁴⁾	08/31/2003	Common Stock	230,148	$0	230,148	D
Call Option (right to buy)⁽²⁾⁽⁵⁾	$0.01	06/11/2003		X			318,389	01/15/2003	07/15/2003	Common Stock	318,389	$0	0	D

Explanation of Responses:

1. This is an amendment and restatement of the reporting person's Form 4 filing on 8/6/03 (the "Original Form 4").

2. The Call Option, Warrants and Common Stock are held by Fleet National Bank, a wholly-owned subsidiary of FleetBoston Financial Corporation.

3. These shares were acquired upon exercise of the Call Option referenced in line 3 of Table II of this amendment. The exercise of the Call Option was reported in Table II of the reporting person's Form 4 filing on 8/6/03 but the acquisition of shares upon such exercise was inadvertently omitted from Table I of that form.

4. Denotes the amendment of outstanding Warrants resulting in the deemed cancellation of those Warrants and the deemed grant of replacement Warrants. The Warrants were originally set to expire on July 15, 2003. On June 10, 2003, the expiration date of the Warrants was extended to August 31, 2003. These Warrants, along with the Warrants listed in lines 1 and 3 of Table II of the reporting person's Form 3 filing on 6/27/03, were surrendered by the reporting person to AGD on August 4, 2003 for cancellation for no value. The cancellation of the Warrants referred to in the immediately preceding sentence was inadvertently and unnecessarily reported in the Original Form 4.

5. In the third line of Table II of the reporting person's Form 4 filing on 8/6/03, the Call Option was inadvertently referred to as a Warrant.

	/s/ Ernest L. Puschaver	08/28/2003
	** 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.