4 1 d02-35599.txt FORM 4 Page 1 of 4 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 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 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* ComVest Venture Partners L.P. -------------------------------------------------------------------------------- (Last) (First) (Middle) 830 Third Avenue -------------------------------------------------------------------------------- (Street) New York New York 10022 -------------------------------------------------------------------------------- (City) (State) (Zip) ================================================================================ 2. Issuer Name and Ticker or Trading Symbol Intraware, Inc. (ITRA) ================================================================================ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) 13-4124841 ================================================================================ 4. Statement for Month/Year November 2001 ================================================================================ 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person to Issuer (Check all applicable) |X| Director |X| 10% Owner |_| Officer (give title below) |_| Other (specify below) ================================================================================ 7. Individual or Joint/Group Filing (Check Applicable Line) |_| Form filed by one Reporting Person |X| Form filed by more than one Reporting Person ================================================================================ ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================
6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of 2. Code ---------------------------- Owned at End (D) or Indirect 1. Transaction (Instr. 8) (A) of Month Indirect Beneficial Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------- Common Stock (1) 11/06/01 C 200,008 A $.83 D (2) ------------------------------------------------------------------------------------------------------------------------- Common Stock 11/09/01 S 200,000 D $.58 D (2) ------------------------------------------------------------------------------------------------------------------------- Common Stock 11/12/01 X 2,160,000 A $.01 D (2) ------------------------------------------------------------------------------------------------------------------------- Common Stock 11/12/01 X 504,0000 A $.01 I (3) ------------------------------------------------------------------------------------------------------------------------- Common Stock 11/12/01 X 28,723 D $.752 D (2) ------------------------------------------------------------------------------------------------------------------------- Common Stock 11/12/01 X 7,029 D $.717 I (3) ------------------------------------------------------------------------------------------------------------------------- Common Stock 11/27/01 X 840,000 A $.01 D (2) ------------------------------------------------------------------------------------------------------------------------- Common Stock 11/27/01 X 196,000 A $.01 I (3) ------------------------------------------------------------------------------------------------------------------------- Common Stock 11/27/01 X 8,768 D $.958 3,258,628 D (2) ------------------------------------------------------------------------------------------------------------------------- Common Stock 11/27/01 X 2,046 D $.958 I (3) ------------------------------------------------------------------------------------------------------------------------- Common Stock 11/27/01 J 485,819 D (4) 205,106 I (3) ------------------------------------------------------------------------------------------------------------------------- Common Stock 11/27/01 J 68,105 A (4) 68,105 D (4) -------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over) ---------- * If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). Page 2 of 4 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
9. 10. Number Owner- of ship 2. Deriv- Form of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------ -------------- Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ Series B-1 $.83 11/06/01 X 16,612 immed N/A Common 200,008 183,388 D (2) Convertible Stock Preferred Stock (1) ------------------------------------------------------------------------------------------------------------------------------------ Warrants to $.01 11/12/01 X 2,160,000 immed 8/31/06 Common 2,160,000 D (2) Purchase Common Stock Stock ------------------------------------------------------------------------------------------------------------------------------------ Warrants to $.01 11/12/01 X 504,000 immed 8/31/06 Common 504,000 I (3) Purchase Common Stock Stock ------------------------------------------------------------------------------------------------------------------------------------ Warrants to $.01 11/27/01 X 840,000 immed 8/31/06 Common Purchase Common Stock 840,000 -0- D (2) Stock ------------------------------------------------------------------------------------------------------------------------------------ Warrants to $.01 11/27/01 X 196,000 immed 8/31/06 Common Purchase Common Stock 196,000 -0- I (3) Stock ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: See attached footnotes. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ComVest Venture Partners, LP By: ComVest Management LLC, its general partner /s/ Michael Falk 1/7/02 --------------------------------------------- ----------------------- ** Signature of Reporting Person Date Michael S. Falk Manager Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, See Instruction 6 for procedure. Page 3 of 4 FOOTNOTES (1) This transaction reflects the conversion of Series B-1 Preferred Stock (the "Preferred Stock") originally issued with a conversion price of $1.00, which conversion price was reduced to $.83 due to anti-dilution provisions of the Preferred Stock and the issuance of securities by Intraware, Inc. in August and September 2001. The Preferred Stock was issued in August 2001 in an exchange with Intraware, Inc. for a similar series of preferred stock originally issued April 2, 2001. (2) These shares acquired are owned directly by, and these shares and warrants disposed of were owned directly by, ComVest Venture Partners, LP ("ComVest"). The general partner of ComVest is ComVest Management, LLC, which is wholly-owned by Commonwealth Associates Management Company, Inc. ("CAMC"). Michael S. Falk ("Falk"), who is also a director of Intraware, Inc., is the chairman and principal shareholder of CAMC. Falk disclaims beneficial ownership of the securities held by ComVest other than that portion which corresponds with his interest in ComVest. (3) These shares acquired are owned directly by, and these shares and warrants disposed of were owned directly by, Commonwealth Associates, L.P. ("Commonwealth"). CAMC is the general partner of Commonwealth. Falk disclaims beneficial ownership of the securities held by Commonwealth other than that portion which corresponds with his interest in Commonwealth. (4) On November 27, 2001, Commonwealth distributed 485,819 shares of the Issuer's Common Stock to certain affiliates and employees of Commonwealth for no cash consideration, including 68,105 shares which it distributed to Falk. Page 4 of 4 JOINT FILER INFORMATION AND AUTHORIZATION Name: ComVest Management LLC 830 Third Avenue New York, New York 10022 Designated Filer: ComVest Venture Partners, LP Issuer & Ticker Symbol: Intraware, Inc. (ITRA) Statement Month/Year: November 2001 Signature: By: /s/ Michael S. Falk -------------------------------------------------- Michael S. Falk, Manager Name: Commonwealth Associates Management Company, Inc. 830 Third Avenue New York, New York 10022 Designated Filer: ComVest Venture Partners, LP Issuer & Ticker Symbol: Intraware, Inc. (ITRA) Statement Month/Year: November 2001 Signature: By: /s/ Joseph Wynne -------------------------------------------------- Joseph Wynne, Chief Financial Officer Name: Michael S. Falk 830 Third Avenue New York, New York 10022 Designated Filer: ComVest Venture Partners, LP Issuer & Ticker Symbol: Intraware, Inc. (ITRA) Statement Month/Year: November 2001 Signature: /s/ Michael S. Falk ----------------------------------------------------- Michael S. Falk