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FORM 4
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|_| Check this box if no longer
subject to Section 16. Form 4 or
Form 5 obligations may continue.
See Instruction 1(b).
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
OMB APPROVAL
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OMB Number: 3235-0287
Expires: December 31, 2001
Estimated average burden
hours per response: 0.5
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(Print or Type Responses)
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1. Name and Address of Reporting Person*
Irwin Engelman
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(Last) (First) (Middle)
c/o YouthStream Media Networks, Inc.
28 West 23rd Street, 6th Floor
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(Street)
New York NY 10010
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
YouthStream Media Networks, Inc.
(NASDAQ: NETS)
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3. IRS Identification Number of
Reporting Person, if an entity (Voluntary)
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4. Statement for Month/Year
February, 2001
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5. If Amendment, Date of Original
(Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_X_ Director _____ 10% Owner
_X_ Officer (give _____ Other (specify
title below) below)
Executive VP & Chief Financial Officer
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7. Individual or Joint/Group Filing
(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Transaction 3. Transaction 4. Securities Acquired (A) 5. Amount of
(Instr. 3) Date Code or Disposed of (D) Securities
(Month/Day/ (Instr. 8) (Instr. 3, 4 and 5) Beneficially
Year) -------------- -------------------------- Owned at
| | | | (A) or | End of Month
| Code | V | Amount | (D) | Price (Instr. 3 and 4)
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YouthStream Media
Networks
Common Stock 2/15/01 P V 100 A 1.25
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YouthStream Media
Networks
Common Stock 2/15/01 P V 1,900 A 1.25
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YouthStream Media
Networks
Common Stock 2/15/01 P V 2,000 A 1.3125
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YouthStream Media
Networks
Common Stock 2/16/01 P V 6,000 A 1.3437
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YouthStream Media
Networks
Common Stock 2/16/01 P V 3,100 A 1.375
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YouthStream Media
Networks
Common Stock 2/16/01 P V 1,900 A 1.3438
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YouthStream Media
Networks
Common Stock 2/16/01 P V 4,000 A 1.375
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YouthStream Media
Networks
Common Stock 2/16/01 P V 1,000 A 1.375 20,000
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6. Ownership Form: 7. Nature of Indirect
Direct (D) or Beneficial Ownership
Indirect (I) (Instr. 4)
(Instr. 4)
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Direct
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Direct
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Direct
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Direct
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Direct
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Direct
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Direct
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Direct
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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).
(Over)
SEC 1474 (7/99)
FORM 4 - (continued)
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security 2. Conver- 3. Trans- 4. Trans- 5. Number of Deriv- 6. Date Exer- 7. Title and Amount
(Instr. 3) sion or action action ative Securities cisable and of Underlying
Exercise Date Code Acquired (A) or Expiration Securities
Price of (Month/ (Instr. 8) Disposed of (D) Date (Month/ (Instr. 3 and 4)
Derivative Day/ (Instr. 3, 4 and 5) Day/Year)
Security Year) ------------ ------------------- -------------- ---------------
| | | | Date Expira- Amount or
| | | | Exer- tion Number of
| Code | V | (A) | (D) cisable Date Title Shares
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1. Title of Derivative Security 8. Price of 9. Number of 10. Ownership 11. Nature of
(Instr. 3) Derivative Derivative Form of Indirect
Security Securities Derivative Beneficial
(Instr.5) Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect
(Instr. 4) (I)(Instr. 4)
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/s/ IRWIN ENGELMAN 2/21/01
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**Signature of Reporting Person Date
EXPLANATION OF RESPONSES:
** 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.
Page 2
SEC 1474 (7/99)