3 1 edgar.htm 3 Form 3

FORM 3

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

 OMB APPROVAL

 

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940

OMB Number: 3235-0104
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Filed By
Romeo and Dye's
Section 16 Filer
www.section16.net

1. Name and Address of Reporting Person*

Ousley, James E.

2. Date of Event
Requiring Statement
Month/Day/Year
January 28,2003

4. Issuer Name and Ticker or Trading Symbol
Norstan, Inc. (NASDAQ: NRRD)

(Last)      (First)     (Middle)

131 Glenmont Rd.
 

3. I.R.S. Identification
Number of Reporting
Person, if an entity
(voluntary)

 

5. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
X Director                          10% Owner
    Officer                            Other
(give title below)              (specify below)

                                                  

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

(Street)

River Falls, , WI 54022

7. Individual or Joint/Group Filing
(Check Applicable Line)
X Form filed by One Reporting Person
    Form filed by More than One Reporting Person

(City)     (State)     (Zip)

Table I — Non-Derivative Securities Beneficially Owned

1. Title of Security
(Instr. 4)

2. Amount of
Securities
Beneficially
Owned
(Instr. 4)

3. Ownership Form:
Direct (D)
or Indirect (I)
(Instr. 5)

4. Nature of Indirect
Beneficial Ownership
(Instr. 5)

Common Stock

1,000

D

 
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 5(b)(v).

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 control number
FORM 3 (continued)

Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 4)

2. Date Exercisable
and Expiration Date
(Month/Day/ Year)

3. Title and Amount of Securities
Underlying Derivative Security
(Instr. 4)

4. Conversion or
Exercise Price of
Derivative Security

5. Ownership Form
of Derivative
Security:
Direct (D)
or Indirect (I)
(Instr. 5)

6. Nature of Indirect Beneficial Ownership
(Instr. 5)

Date
Exercisable

Expiration
Date

Title          

Amount or
Number of
Shares

Stock Option (Right to Buy)

(1)(1)

1/28/13

Common Stock

20,000

$3.22

D

 

Explanation of Responses:

(1) This option vests 35% immediately, 35% on January 28, 2004 and the remaining on January 28, 2005.
  By: /s/ John E. Nardecchia
              
**Signature of Reporting Person		 1/31/03
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.

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.

 

 
POWER OF ATTORNEY


	Know All by These Presents, that I, James E. Ousley,
hereby make, constitute, and appoint Jerry P. Lehrman,
John E. Nardecchia and Robert J. Vold or any of them acting alone,
with full power of substitution and revocation, my true and lawful
attorney for me and in my name to prepare, execute and file with
the Securities and Exchange Commission reports of my beneficial
ownership of shares of common stock of Norstan, Inc., giving my
said attorney full power and authority to do everything whatsoever
necessary to be done in the premises as fully as I could do if
personally present, and hereby ratify and confirm all that my said
attorney or his substitute or substitutes shall lawfully do or cause
to be done by virtue hereof.

		IN WITNESS WHEREOF, I have hereunto set my hand
this 30th day of January, 2003.




						/s/ James E. Ousley

						James E. Ousley


Subscribed and sworn to before me
this 30th day of January, 2003.


Elizabeth C. De Victoria
Notary Public

Elizabeth C. De Victoria
Commission #1251157
Notary Public - California
San Diego County
My Commission Expires Jan. 23, 2004