UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series A Preferred Stock | 06/16/2004 | Â (4) | Common Stock | 1,363,636 | $ 0 | I (2) (3) | See (2)(3) |
Initial Warrants | 06/16/2004 | 06/16/2009 | Common Stock | 136,364 | $ 2.6 | I (2) (3) | See (2)(3) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Emancipation Capital 153 E. 53RD STREET SUITE 26B NEW YORK, NY 10022 |
 |  X |  |  |
Frumberg Charles C/O EMANCIPATION CAPITAL, LLC 153 E. 53RD STREET, SUITE 26B NEW YORK, NY 10022 |
 |  X |  |  |
Emancipation Capital, LLC 153 E. 53RD STREET, SUITE 26B NEW YORK, NY 10022 |
 |  X |  |  |
EMANCIPATION CAPITAL, LP By: /s/ Charles Frumberg, Managing Member | 01/20/2005 | |
**Signature of Reporting Person | Date | |
EMANCIPATION CAPITAL, LLC By: /s/ Charles Frumberg, Managing Member | 01/20/2005 | |
**Signature of Reporting Person | Date | |
/s/ Charles Frumberg | 01/20/2005 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The number of shares of common stock includes 26,700 shares of common stock purchased on the open market prior to 6/16/2004 and 152,284 shares of common stock issued to Emancipation Capital LP on the exercise of its additional warrants on 12/23/2004. |
(2) | These securities are owned directly by Emancipation Capital LP. |
(3) | Emancipation Capital LLC acts as the general partner of Emancipation Capital LP and has voting and dispositive power over the securities held by Emancipation Capital LP. The managing member of Emancipation Capital LLC is Mr. Frumberg. Emancipation Capital LLC and Mr. Frumberg disclaim beneficial ownership of the securities held by Emancipation Capital LP, except for their pecuniary interest therein. |
(4) | These securities are preferred stock of Artemis International Solutions Corporation and do not have an expiration date. The Preferred Stock was acquired in a privately negotiated transaction that was consummated on 6/16/2004 at a price of $2.20 per share. |