U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 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 box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b) _______________________________________________________________________________ 1. Name and Address of Reporting Person* Ultimate Holdings, Ltd., a Bermuda limited company _______________________________________________________________________________ (Last) (First) (Middle) 13 Parliament St. Hamilton _______________________________________________________________________________ (Street) HM 12 Bermuda _______________________________________________________________________________ (City) (State) (Zip) _______________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol GenesisIntermedia.com, Inc. GENI _______________________________________________________________________________ 3. IRS Identification Number of Reporting Person,if an Entity (Voluntary) _______________________________________________________________________________ 4. Statement for Month/Year 04/01 _______________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) _______________________________________________________________________________ 6. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [X] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) _______________________________________________________________________________ 7. Individual or Joint/Group Filing (Check applicable line) [X] Form filed by one Reporting Person [ ] Form filed by more than one Reporting Person Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Transaction 3.Transaction 4. Securities Acquired(A) 5. Amount of 6. Ownership 7. Nature (Instr. 3) Date Code or Disposed of (D) Securities Form: of (Month/Date/ (Instr.8) (Instr. 3,4 and 5) Beneficially Direct(D) Indirect Year) A Owned at End or Beneficially or of Month Indirect(I) Ownership Code V Amount D Price (Instr. 3 and 4) (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 04/04/01 P 25,200 A $7.8849 D Common Stock 04/06/01 P 12,000 A $8.3425 D Common Stock 04/06/01 S 50,000 D $8.3425 D Common Stock 04/09/01 P 24,900 A $8.3147 D Common Stock 04/10/01 P 63,500 A $8.3487 D Common Stock 04/11/01 P 4,500 A $8.3892 D Common Stock 04/12/01 P 10,000 A $8.5332 D Common Stock 04/16/01 P 21,100 A $8.4617 D Common Stock 04/18/01 P 14,200 A $9.0909 D Common Stock 04/26/01 P 26,100 A $11.3253 D Common Stock 04/27/01 P 1,100 A $11.3100 D Common Stock 04/30/01 P 33,128 A $11.3130 9,699,997 D * If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Form 4 (continued) Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 2. Conversion 3. Transaction 4.Transaction 5. Number of Derivative 6. Date Exercisable and Security or Exercise Date Code Securities Acquired (A) Expiration Date (Instr. 3) Price of (Month/Day/ (Instr. 8) or Disposed of (D) (Month/Date/Year) Derivative Year) (Instr. 3,4 and 5) Date Expiration Security Code V A D Exercisable Date ------------------------------------------------------------------------------------------------------------------------------------ Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of 3. Transaction 7. Title and Amount 8. Price 9. Number of 10. Ownership Form of 11. Nature of Derivative Date of Underlying of Derivative Derivative Derivative Indirect Security (Month/Day/Year) Securities Security Securities Security: Beneficial (Instr. 3) (Instr. 3 and 4) (Instr. 5) Beneficially Direct (D) or Ownership Amount or Number Owned at End of Indirect (I) (Instr. 4) Title of Shares Month (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Explanation of Responses: Reporting Person executed trades following that date that were subject to Section 16(b) prohibition on "short-swing" profits. As a result, Reporting Person has disgorged to Issuer "short-swing" profits in the amount of $1,357,00.81. The price per share of the purchases reflected above, when matched against previous sale price pursuant to Section 16(b), resulted in the larger "short-swing" profits figure. Colette Johnston is the Company Administrator of Ultimate Holdings, Ltd. /s/ Colette Johnston May 2, 2001 ________________________________ ______________________ **Signature of Reporting Person Date **International 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. 2