FORM 4
|
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(h) of the Investment Company Act of 1940 |
OMB APPROVAL
|
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print or Type Responses) |
OMB Number: 3235-0287
Expires: January 31, 2005 Estimated average burden hours per response. . . . . .0.5 |
1. Name
and Address of Reporting Person *
Pelino, Dennis L. (Last) (First) (Middle) |
2. Issuer Name Stonepath Group, Inc.
and Ticker or Trading Symbol STG |
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director
10% Owner
Officer (give title below)
Other (specify below)
Chief Executive Officer |
|
1500 Ocean Drive
Suite 1201 |
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) |
4. Statement for Month/Day/Year 3/10/2003 |
|
(Street) Miami Beach, FL 33139 |
5. If Amendment, Date of Original (Month/Day/Year) |
7. Individual or Joint/Group
Filing (Check Applicable Line) Form filed by One Reporting Person Form filed by More than One Reporting Person |
|
(City)
(State) (Zip) |
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned |
|||||||||||||||
1. Title of Security
(Instr. 3) |
2.Transaction Date (Month/Day/ Year) |
2A. Deemed Execution Date, if any (Month/Day/Year) |
3. Transaction Code (Instr. 8) |
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) |
6. Owner- ship Form: Direct (D) or Indirect (I) (Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||||||
Code
|
V |
Amount
|
(A) or (D) |
Price |
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) | ||
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. |
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 Security (Instr. 3) |
2. Conver- sion or Exer- cise Price of Deriva- tive Security |
3. Trans- action Date (Month/ Day/ Year) |
3A. Deemed Execu- tion Date, if any (Month/ Day/ Year) |
4. Trans- action Code (Instr. 8) |
5. Number of Deri- vative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) |
6. Date Exercis- able (DE) and Expiration Date (ED) (Month/ Day/ Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Deriv- ative Security (Instr. 5) |
9. Number of Deri- vative Securi- ties Benefi- cially Owned Follow- ing Reported Trans- action(s) (Instr. 4) |
10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Benefi- cial Owner- ship (Instr. 4) |
||||
Code |
V
|
(A) |
(D)
|
DE |
ED |
Title |
Amount or Number of Shares |
||||||||
Employee Stock Options (right to buy) | $1.68 | 3/10/03 | (A) | 300,000 | (1) | 3/10/13 | Common Stock | 300,000 | 300,000(2) | (D) | |||||
Employee Stock Options (right to buy) | $2.00 | 3/10/03 | (A) | 400,000 | (3) | 3/10/13 | Common Stock | 400,000 | 400,000(4) | (D) |
Explanation of Responses: |
(1) All of the options
are fully vested and presently exercisable as of the date of the grant. |
/s/ Dennis L. Pelino | 3/12/2003 | ||
** 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 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 |