-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NKvh9VAa8pANpxLSZrCOqhfQ3holDV6+AkUm/y9nIcgkgKVrApc/CZOf9tqiozF7 etQn4D+UHXGb4jXe/s522A== 0000903423-98-000165.txt : 19980511 0000903423-98-000165.hdr.sgml : 19980511 ACCESSION NUMBER: 0000903423-98-000165 CONFORMED SUBMISSION TYPE: 5 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980331 FILED AS OF DATE: 19980508 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SPECTRUM INFORMATION TECHNOLOGIES INC CENTRAL INDEX KEY: 0000812551 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 751940923 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 5 SEC ACT: SEC FILE NUMBER: 000-15596 FILM NUMBER: 98613311 BUSINESS ADDRESS: STREET 1: 2700 WESTCHESTER AVE CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 9142511800 MAIL ADDRESS: STREET 1: 2700 WESTCHESTER AVE CITY: PURCHASE STATE: NY ZIP: 10577 FORMER COMPANY: FORMER CONFORMED NAME: SPECTRUM CELLULAR CORP DATE OF NAME CHANGE: 19890925 FORMER COMPANY: FORMER CONFORMED NAME: SPECTRUM CELLULAR COMMUNICATIONS CORP DATE OF NAME CHANGE: 19870715 COMPANY DATA: COMPANY CONFORMED NAME: DRABKIN MIKHAIL CENTRAL INDEX KEY: 0001061144 STANDARD INDUSTRIAL CLASSIFICATION: [] OFFICER FILING VALUES: FORM TYPE: 5 BUSINESS ADDRESS: STREET 1: C/O SPECTRUM INFORMATION TECHNOLOGIES STREET 2: 2700 WESTCHESTER AVE CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 9142511800 MAIL ADDRESS: STREET 1: C/O SPECTRUM INFORMATION TECHNOLOGIES STREET 2: 2700 WESTCHESTER AVE CITY: PURCHASE STATE: NY ZIP: 10577 5 1 ====== FORM 5 ====== |_| Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | | Form 3 Holdings Reported |_| Form 4 Transactions Reported UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL 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 D R A F T =================================================================== 1. Name and Address of Reporting Person* Drabkin Mikhail ----------------------------------------------- (Last) (First) (Middle) 2700 Westchester Ave ----------------------------------------------- (Street) Purchase NY 10577 ----------------------------------------------- (City) (State) (Zip) =================================================================== 2. Issuer Name and Ticker or Trading Symbol Spectrum Information Technologies Inc. (SITI) --------------------------------------------- =================================================================== 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) ###-##-#### =================================================================== 4. Statement for Month/Year 03/31/1998 ------------------------------ =================================================================== 5. If Amendment, Date of Original (Month/Year) ------------------------------ =================================================================== 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner ----- ----- X Officer (give Other (specify ----- title below) ----- below) Chief Technical Officer ------------------------------ =================================================================== 7. Individual or Joint/Group Reporting (check applicable line) X Form Filed by One Reporting Person ----- Form Filed by More than One Reporting Person ----- =================================================================== Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
================================================================================================================================ 1. Title of 2. Transaction 3. Transaction 4. Securities Acquired 5. Amount of 6. Ownership 7. Nature of Security Date Code (A) or Disposed of (D) Securities Form: Direct Indirect (Instr. 3) (Month/Day/Year) (Instr. 8) (Instr. 3, 4 and 5) Beneficially (D) or Beneficial Owned at end of Indirect (I) Ownership ------------------------ Issuer's Fiscal (Instr. 4) (Instr. 4) Year (A) or (Instr. 3 and 4) Amount (D) Price --------- --------------- ------------ -------- ------ ----- ---------------- ----------- ----------- - --------------------------------------------------------------------------------------------------------------------------------
* If the form is filed by more than one reporting person, see instruction 4(b)(v). SEC 2270 (7-97) PAGE: 1 OF 2 FORM 5 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================================================================ 1. Title of 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriva- 6. Date Exercis- Derivative sion or action tion tive Securities Ac- able and Expi- Security Exer- Date Code quired (A) or Dis- ration Date (Instr. 3) cise (Month/ (Instr. 8) posed of (D) (Month/Day/ Price of Day/ (Instr. 3, 4 and 5) Year) Deriva- Year) ------------------ DRAFT tive Se- curity Date Expira- ------------------- Exer- tion (A) (D) cisable Date ------------ -------- ------- --------- ------ ---- -------- ------- Stock Option $2.1500 08/12/1997 08/12/2007 (01) - --------------------------------------------------------------------------------------------------------------------------------
7. Title and Amount of 8. Price of 9. Number of 10. Ownership 11. Nature of Underlying Securities Derivative Derivative of Derivative Indirect (Instr. 3 and 4) Security Securities Security: Direct Beneficial (Instr. 5) Beneficially (D) or Indirect Ownership Owned at End (I) (Instr. 4) of Year (Instr. 4) (Instr. 4) - -------------------------- Amount or Number of Title Shares - ----------- -------- --------- ------------ -------------- ---------- Common Stock 22719 22719 D
Explanation of Responses: (01) One-half of the stock options vest in eight equal quarterly installments through the fiscal year ended March 31, 1999. One-half of the stock options are subject to the achievement of defined performance objectives for the fiscal years ended March 31, 1998 and 1999. -------------------- ------------- ** Signature of Date Reporting Person ** 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 procedure. 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. SEC 2270 (7-97) Drabkin, Mikhail Spectrum Information Technologies Inc. 03/31/1998 PAGE: 2 OF 2 -----END PRIVACY-ENHANCED MESSAGE-----