4 1 e-9172.txt FORM 4 OF CHARLES WILBORE ------------------------------ OMB APPROVAL ------------------------------ ------ OMB Number: 3235-0287 FORM 4 Expires: January 31, 2005 ------ Estimated average burden hours per response ....... 0.5 ------------------------------ 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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 [ ] Check this box if no longer subject of Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). ================================================================================ 1. Name and Address of Reporting Person* Wilbore Kelvin Charles -------------------------------------------------------------------------------- (Last) (First) (Middle) 5075 Cascade Road SE, Suite K -------------------------------------------------------------------------------- (Street) Grand Rapids MI 49546 -------------------------------------------------------------------------------- (City) (State) (Zip) ================================================================================ 2. Issuer Name and Ticker or Trading Symbol BestNet Communications Corp. (BESC) ================================================================================ 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) ================================================================================ 4. Statement for Month/Year 11/05/2002 ================================================================================ 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [ ] Officer (give title below) [x] Other (specify below) Vice President - Served as director until 7/25/02. ------------------------------------ ================================================================================ 7. Individual or Joint/Group Filing (Check applicable line) [x] Form filed by One Reporting Person [ ] Form filed by More Than one Reporting Person ================================================================================ Page 1 of 3 Form 4 (continued) Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
========================================================================================================================== | | | | Amount | | | | | | of | | | | | Securities | Secur- | | Nature | | | Acquired (A) | ities | Owner- | of | | | or Disposed | Bene- | ship | Indirect | | | of (D) (Instr. | ficially | Form: | Bene- | | Transaction | 3, 4 and 5) | Owned at | Direct | ficial | | Code | ---------------- | End | (D) or | Owner- | Transaction | (Instr. 8) | |(A)| | of Month | Indirect | ship Title of Security | Date | ----------- | Amount|or |Price | (Instr. | (I) | (Instr. (Instr. 3) | (mm/dd/yy) | Code | V | |(D)| | 3 and 4) | (Instr.4)| 4) -------------------------------------------------------------------------------------------------------------------------- Common Stock 11/04/02 C 2,000 A .73 2,000 D -------------------------------------------------------------------------------------------------------------------------- Common Stock 11/05/02 C 2,000 A .73 4,000 D -------------------------------------------------------------------------------------------------------------------------- Common Stock 11/05/02 C 2,000 A .73 6,000 D -------------------------------------------------------------------------------------------------------------------------- Common Stock 11/05/02 C 1,500 A .73 7,500 D -------------------------------------------------------------------------------------------------------------------------- Common Stock 11/05/02 C 500 A .73 8,000 D -------------------------------------------------------------------------------------------------------------------------- Common Stock 11/05/02 C 500 A .73 8,500 D -------------------------------------------------------------------------------------------------------------------------- Common Stock 11/04/02 S 2,000 A 1.27 6,500 D -------------------------------------------------------------------------------------------------------------------------- Common Stock 11/05/02 S 2,000 A 1.301 4,500 D -------------------------------------------------------------------------------------------------------------------------- Common Stock 11/05/02 S 2,000 A 1.28 2,500 D -------------------------------------------------------------------------------------------------------------------------- Common Stock 11/05/02 S 1,500 A 1.32 1,000 D -------------------------------------------------------------------------------------------------------------------------- Common Stock 11/05/02 S 500 A 1.32 500 D -------------------------------------------------------------------------------------------------------------------------- Common Stock 11/05/02 S 500 A 1.35 0 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 4(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. Page 2 of 3 Form 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
========================================================================================================================= | | | |Number | | | | Number |Owner-| | | | |of | | | | of |ship | | | | |Deriv- | |Title and | | Deriv- |of | |Conver-| | |ative | |Amount of | | ative |Deriv-| |sion | | |Secur- | |Underlying | | Secur- |ative |Nature |of | | |ities | |Securities | | ities |Secur-|of |Exer- | | |Acquired |Date |(Instr. 3 |Price | Bene- |ity: |In- |cise | |Trans- |(A) or |Exercisable and |and 4) |of | ficially|Direct|direct |Price |Trans- |action |Disposed |Expiration Date |-------------|Deriv- | Owned |(D) or|Bene- |of |action |Code |of(D) |(Month/Day/Year) | |Amount|ative | at End |In- |ficial Title of |Deriv- |Date |(Instr.|(Instr.3,|-----------------| |or |Secur- | of |direct|Owner- Derivative |ative |(Month/ |8) |4 and 5) |Date | Expira-| |Number|ity | Month |(I) |ship Security |Secur- |Day/ |------ |-------- |Exer- | tion | |of |(Instr.| (Instr. |(Instr|(Instr. (Instr. 3) |ity |Year) |Code|V |(A) | (D)|cisable | Date |Title |Shares|5) | 4) |4) |4) ------------------------------------------------------------------------------------------------------------------------- Stock Options $0.73 11/04/02 S 2,000 02/22/02 02/22/12 Common 2,000 $1.27 290,000 D (right to buy) Stock ------------------------------------------------------------------------------------------------------------------------- Stock Options $0.73 11/05/02 S 500 02/22/02 02/22/12 Common 2,000 $1.301 288,000 D (right to buy) Stock ------------------------------------------------------------------------------------------------------------------------- Stock Options $0.73 11/05/02 S 500 02/22/02 02/22/12 Common 2,000 $1.28 286,000 D (right to buy) Stock ------------------------------------------------------------------------------------------------------------------------- Stock Options $0.73 11/05/02 S 500 02/22/02 02/22/12 Common 1,500 $1.32 284,500 D (right to buy) Stock ------------------------------------------------------------------------------------------------------------------------- Stock Options $0.73 11/05/02 S 500 02/22/02 02/22/12 Common 500 $1.32 284,000 D (right to buy) Stock ------------------------------------------------------------------------------------------------------------------------- Stock Options $0.73 11/05/02 S 500 02/22/02 02/22/12 Common 500 $1.35 283,500 D (right to buy) Stock ------------------------------------------------------------------------------------------------------------------------- =========================================================================================================================
Explanation of Responses: /s/ Kelvin Charles Wilbore 11/05/02 ------------------------------- ------------ **Signature of Reporting Person 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 provided is insufficient, see Instruction 6 for procedures. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 3 of 3