-----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, GqyGI0oJS9xzWJvpeuh4Rdz/i8mpSsw7r4nHHqDa6A+tinKwl4u5vA2AWfgfO16E D5p7e15js0yJYmrsjXjhlg== 0000910213-99-000003.txt : 19990115 0000910213-99-000003.hdr.sgml : 19990115 ACCESSION NUMBER: 0000910213-99-000003 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981211 FILED AS OF DATE: 19990114 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: 4 SEC ACT: SEC FILE NUMBER: 000-15596 FILM NUMBER: 99506207 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: POWERS LAWRENCE M CENTRAL INDEX KEY: 0001075628 STANDARD INDUSTRIAL CLASSIFICATION: [] OWNER FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 47 BEECH ROAD CITY: ENGLEWOOD STATE: NJ ZIP: 07631 MAIL ADDRESS: STREET 1: 47 BEECH ROAD CITY: ENGLEWOOD STATE: NJ ZIP: 07631 4 1 FORM 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 [ ] Check this box if no longer OMB APPROVAL subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0287 Expires: September 30, 1998 Filed pursuant to Section 16(a) of the Securities Estimated average burden Exchange Act of 1934, Section 17(a) of the Public hours per response.......0.5 Utility (Print or Type Responses) Holding Company ---------------------------- (Print or Type Responses) Act of 1935 or Section 30(f) of the Investment Company Act of 1940 1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer Powers, Lawrence M. Spectrum Information Tech., Inc. (check all applicable) SITI (Last) (First) (Middle) (X) Director (X) 10% Owner
3. IRS or Social 4. Statement for (X) Officer (give ( ) Other P.O. Box 1006 Security Number Month/Year title below) (Specify of Reporting below) (Street) Person (Voluntary) 12/98 ___Chief Executive Officer____ New York NY 10268-1006 5. If Amendment, 7. Individual or Joint/Group (City) (State) (Zip) Date of Filing (Check Applicable Line) Original ( ) Form filed by One (Month/Year) Reporting Person (X) Form filed by More than One Reporting Person
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security 2. Trans- 3. Transaction 4. Securities Acquired 5. Amount of 6. Owner- 7. Nature of (Instr. 3) action Code (Inst.8) (A) or Disposed of Securities ship Form: Indirect Date (D) (Instr.3,4 and 5) Beneficially Direct (D) Beneficial Owned at or Indirect Owner- End of Month (I) ship
(Month/ (A) or Day/ Code V Amount (D) Price Year) (Instr.3 and 4) (Instr. 4) (Instr. 4) ----------------- ------- ----- ----- ------ ---- ----- --------------- ----------- ----------- Common Stock 12/12/98 G V 1,305,000 D Common Stock 12/24/98 M 690,000 A $0.15 1,685,000 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, (OVER) see Instruction 4(b)(v). SEC 1474 (9-98)
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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. Cover- 3. Trans- 4. Trans- 5. Number of Deri- 6. Date Exer- Security (Instr.3) sion or action action vative Securities cisable and Exercise Date Code Acquired (A) or Expiration Price of (Instr.8) Disposed of (D) Date Deri- (Month/ (Instr.3,4, and 5) (Month/Day/ vative Day/ Year) Security Year)
Date Expira Code V (A) (D) Exer- tion cisable Date - ------------------------ ------------ --------- ---- ---- ----- ----- -------- ------ Common Stock Option $0.15 12/12/98 G V 730,000 12/11/98 12/11/03 (right to buy) Common Stock Option $0.15 12/24/98 M 690,000 12/11/98 12/11/03 (right to buy)
7. Title and Amount 8. Price 9. Number 10. Owner- 11. Nature of Underlying of of deri- ship of Securities Deri- vative Form of Indirect (Instr. 3 and 4) vative Secur- Deri- Benefi- Secur- ities vative cial ity Bene- Security: Owner- (Instr.5) ficially Direct ship Owned (D) or (Instr.4) at End Indirect of (I) Month (Instr.4) (Instr.4)
Title Amount or Number of Shares ------ --------- ------------ ---------- ----------- ------------ Common 730,000 $0.15 None D Stock Common 690,000 $0.15 None D Stock Explanation of Responses: ** Intentional misstatements or omissions of facts constitute Federal Criminal Violation /s/ Lawrence M. Powers 1/13/99 See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). -------------------------------- ---------- Note: File three copies of this Form, one of which Signature of Reporting Person Date must be manually signed. If space 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 1474 (9-98)
2 of 3 JOINT FILER INFORMATION --------------------------- Name: Powers & Co. Address: 47 Beech Road Englewood, New Jersey 07631 Designated Filer: Lawrence M. Powers Issuer and Ticker Symbol: Spectrum Information Technologies, Inc. (SITI) Statement for Month/Year: December, 1998 Signature: Powers & Co. By: s/Lawrence M. Powers -------------------- Title: Owner 3 of 3 -----END PRIVACY-ENHANCED MESSAGE-----