SEC FORM 4

SEC Form 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this 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^*

ISRAEL ROY

(Last)

(First)

(Middle)

1010 NORTHERN BOULEVARD SUITE 336

(Street)

GREAT NECK

11021

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CLICKNSETTLE COM INC [ clik ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, CEO & President

3. Date of Earliest Transaction (Month/Day/Year)
01/11/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. 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 (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. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common stock	01/11/2005		S		14,490	D	$0.08	2,271,984	D
Common Stock	01/12/2005		S		5,000	D	$0.08	2,266,984	D
Common Stock	01/12/2005		S		10,000	D	$0.07	2,256,984	D
Common Stock	01/12/2005		S		55,000	D	$0.06	2,201,984	D
Common Stock⁽¹⁾	01/12/2005		X		600,000	A	$0.0417	2,801,984	D
Common Stock								123,804	I	See Note⁽²⁾

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. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to buy)	$0.154							01/13/2005	04/13/2005	Common Stock	230,000		230,000	D
Stock Option (Right to buy)	$0.232							⁽³⁾	04/13/2005	Common Stock	120,000		120,000	D
Stock Option (Right to buy)	$0.255							⁽³⁾	04/13/2005	Common Stock	780,000		780,000	D
Stock Option (Right to buy)	$0.688							⁽⁴⁾	04/13/2005	Common Stock	228,000		228,000	D
Stock Option (Right to buy)	$2.563							12/17/2000	04/13/2005	Common Stock	90,000		90,000	D
Stock Option (Right to Buy)	$2.563							12/17/2001	04/13/2005	Common Stock	54,600		54,600	D
Stock Option (Right to buy)	$0.791							11/13/2002	04/13/2005	Common Stock	85,000		85,000	D
Stock Option (Right to buy)	$0.719							11/13/2001	04/13/2005	Common Stock	85,000		85,000	D
Stock Option (Right to Buy)	$0.046							03/14/2005	04/13/2005	Common Stock	600,000		600,000	D

Explanation of Responses:

1. On 1/12/2005, Mr. Israel exercised 600,000 options at the exercise price of $.04166.

2. These shares are owned by Carla Israel, Mr. Israel's wife. Mr. Israel disclaims beneficial ownership of such shares.

3. 50% of this option vested and became exercisable on 3/15/03 and the remaining 50% vested and became exercisable on 3/15/04.

4. 150,000 of such options vested and became exercisable on 11/18/99; the remaining 78,000 options vested and became exercisable on 11/18/00.

	Roy Israel	01/13/2005
	** Signature of Reporting Person	Date
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).
** 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.
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 Number.