4 1 feb0303_form4-chazal.htm 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,
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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(Print or Type Responses)
 1. Name and Address of Reporting Person*



 de Chazal                         Guy                                 L.
2. Issuer Name and Ticker or Trading Symbol

    Lionbridge Technologies, Inc. (LIOX)
6. Relationship of Reporting Person(s) to Issuer
    (Check all applicable)

     x Director                  o 10% Owner
     o Officer                     o Other (specify below)
        (give title below)

            
   (Last)                            (First)                         (Middle)



 1585 Broadway
3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (Voluntary)
4. Statement for
    Month/Day/Year

    01/31/03
                                       (Street)



 New York                         NY                           10036
5. If Amendment, Date of
    Original (Month/Day/Year)
7. Individual or Joint/Group Filing
    (Check Applicable Line)
     x Form filed by One Reporting Person
     o 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. Trans-
    action
    Date
    (Month/
    Day/
    Year)
 
2A. Deemed
       Execution
       Date, if any
       (Month/
       Day/
       Year)
 
3. Trans-
    action
    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
    Owner-
    ship
    (Instr. 4)
   Code       V    Amount (A)
 or
(D)
     Price     
 Common Stock                49,415  D  
 Common Stock                3,119,340  I(1)  through partnerships
                     
                     
                     
                     
                     
                     
                     
                     
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).
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 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
    Exercise
    Price of
    Deri-
    vative
    Security
3. Trans-
    action
    Date
    (Month/
    Day/
    Year)
 
3A. Deemed
       Execution
       Date, if
       any
       (Month/
       Day/
       Year)
4. Trans-
    action
    Code
    (Instr. 8)
5. Number of Deriv-
    ative 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
    Underlying Securities
    (Instr. 3 and 4)
8. Price
    of
    Deriv-
    ative
    Security
    (Instr.
    5)
 
9. Number
    of Deriv-
    ative
    Securities
    Bene-
    ficially
    Owned
    Following
    Reported
    Trans-
    action(s)
    (Instr. 4)
10. Owner-
      ship
      Form of
      Deriv-
      ative
      Securities:
      Direct
      (D) or
      Indirect
      (I)
      (Instr. 4)
11. Nature
      of
      Indirect
      Benefi-
      cial
      Owner-
      ship
      (Instr. 4)
  Code      V    (A) (D) Date
Exercisable
Expiration
Date
      Title       Amount or
Number of
Shares
 Option (right to buy)  $2.03  01/31/03    A    27,500    (6)  01/31/2013  Common Stock  27,500    27,500  D  
 Warrants  $1.69              (2)  (5)  Common Stock  44,517    44,517  I(3)  
 Warrants  $1.69              (4)  (5)  Common Stock  6,095    6,095  I(3)  
                               
                               
                               

Explanation of Responses:

1. The Reporting Person is a general partner of Morgan Stanley Venture Partners II, L.P., the general partner (the "General Partner") of Morgan Stanley Venture Capital Fund II Annex, L.P. (the "Annex Fund") and Morgan Stanley Venture Investors Annex, L.P. (the "Investors Annex Fund", and together with the Annex Fund, the "Funds"). The reported securities are owned directly by the Funds. The Reporting Person disclaims any beneficial ownership of any of the securities owned by the Funds except to the extent of any proportionate pecuniary interest therein.
2. 11,117 of these warrants are immediately exercisable. The rest are exercisable on each three month anniversary of May 31, 2002 for an additional number of shares of common stock equal to the product of (A) multiplied by (B) divided by (C), where (A) is 1,336, (B) is the aggregate principal amount of that certain note dated as of March 9, 1999 held by the Annex Fund which is outstanding on such three month date and (C) is $200,000.
3. The reported securities are owned directly by the Annex Fund. The Reporting Person disclaims any beneficiary ownership of any of the securities owned by the Annex Fund except to the extent of any proportionate pecuniary interest therein.
4. 1,520 of these warrants are immediately exercisable. The rest are exercisable on each three month anniversary of May 31, 2002 for an additional number of shares of common stock equal to the product of (A) multiplied by (B) divided by (C), where (A) is 183, (B) is the aggregate principal amount of that certain note dated as of March 9, 1999 held by the Investors Annex Fund which is outstanding on such three month date and (C) is $200,000.
5. The later of 5 p.m. on July 31, 2009 or at such time as all principal and interest on the notes described in footnotes 2 and 4 above are paid in full.
6. The options vest over four years, 25% on the first anniversary of the date of issuance and 12.5% on each six month period thereafter.

     
/s/ Debra Abramovitz   February 3, 2003

 
** Signature of Reporting Person   Date
Debra Abramovitz, Attorney-in-Fact
for Guy L. de Chazal
   
     
**   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.

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