4 1 form4_worldquest.txt {B0080012; 1} OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response:....0.5 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 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* Lynch Peter S. -------------------------------------------------------------------------------- (Last) (First) (Middle) 82 Devonshire Street, S8A -------------------------------------------------------------------------------- (Street) Boston MA 02109 -------------------------------------------------------------------------------- (City) (State) (Zip) -------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol WorldQuest Networks, Inc. ("WQNI") -------------------------------------------------------------------------------- 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) -------------------------------------------------------------------------------- 4. Statement for Month/Day/Year October 10, 2002 -------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Day/Year) -------------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [_] Director [X] 10% Owner [_] Officer (give title below) [_] Other (specify below) -------------------------------------------------------------------------------- 7. 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 ============================================================================================================================= 4. 5. Securities Amount of 6. Acquired (A) Securities Owner- or Disposed Beneficially ship 2A. 3. of (D) Owned Form: 7. 1. 2. Deemed Transaction (Instr. 3, 4 and 5) Following Direct Nature of Title of Security Trans- Execution Code ------------------ Reported (D) or Indirect (Instr. 3) action Date, (Instr. 8) (A) Transactions Indirect Beneficial Date if any ----------- Amount or Price (Instr. 3 (I) Ownership (mm/dd/yy) (mm/dd/yy) Code V (D) and 4) (Instr. 4) (Instr.4) --------------------------------------------------------------------------------------------------------------------------------- Common Stock 210,000 D --------------------------------------------------------------------------------------------------------------------------------- Common Stock 10,000 I By wife --------------------------------------------------------------------------------------------------------------------------------- Common Stock 30,000 I In trust for daughter --------------------------------------------------------------------------------------------------------------------------------- Common Stock 30,000 I In trust for daughter --------------------------------------------------------------------------------------------------------------------------------- Common Stock 27,700 I In trust for daughter --------------------------------------------------------------------------------------------------------------------------------- Common Stock 15,000 I In charitable lead trust --------------------------------------------------------------------------------------------------------------------------------- Common Stock 17,000 I In charitable lead trust --------------------------------------------------------------------------------------------------------------------------------- Common Stock 10/10/02 P 5,000 1.42 105,000 I In charitable remainder trust =================================================================================================================================
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ============================================================================================================================ 9. 5. Number 10. Number of Owner- of 7. Deriv- ship Deri- Title and ative Form 2. vative Amount Secur- of Conver- Securi- of Under- ities Deriv- 11. sion ties lying Bene- ative Nature 1. or 3A. Acquired 6. Securities 8. ficially Secur- of Title Exer- Deemed 4. (A) or Date (Instr. 3 Price Owned ities: In- of cise 3. Execu- Trans- Disposed Exercisable and and 4) of Follow- Direct direct Deri- Price Trans- tion action of (D) Expiration Date ------------- Deriv- ing Re- (D) or Bene- vative of action Date, Code (Instr. (Month/Day/Year) Amount ative ported In- ficial Secur- Deriv- Date if any Instr. 3, 4 ---------------- or Secur- Trans- direct Owner- ity ative (Month/ (Month/ 8) and 5) Date Expira- Number ity actions (I) ship (Instr. Secur- Day/ Day/ ------ -------- Exer- tion of (Instr. (Instr. (Instr. (Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ===================================================================================================================================
Explanation of Responses: /s/ Peter S. Lynch October 15, 2002 **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 provided is insufficient, see Instruction 6 for procedure.