-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HEoCPe5AweY+0syvhZ8tbM3wgG2Ja9Q8WDIz9Z/KnxLnEkRjqcwUfFz9QDMt802s AekoeWo4YTCBFs0l9Cjm9Q== 0000948629-99-000002.txt : 19990112 0000948629-99-000002.hdr.sgml : 19990112 ACCESSION NUMBER: 0000948629-99-000002 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981201 FILED AS OF DATE: 19990111 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BENTLEY INTERNATIONAL INC CENTRAL INDEX KEY: 0000878838 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MISC DURABLE GOODS [5090] IRS NUMBER: 431325291 STATE OF INCORPORATION: MO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 033-42393 FILM NUMBER: 99504004 BUSINESS ADDRESS: STREET 1: 9719 CONWAY ROAD CITY: ST LOUIS STATE: MO ZIP: 63124 BUSINESS PHONE: 3145691659 MAIL ADDRESS: STREET 1: 9719 CONWAY ROAD CITY: ST LOUIS STATE: MO ZIP: 63124 FORMER COMPANY: FORMER CONFORMED NAME: MEGACARDS INC /M0 DATE OF NAME CHANGE: 19930328 COMPANY DATA: COMPANY CONFORMED NAME: ABRAMS LLOYD R CENTRAL INDEX KEY: 0000948629 STANDARD INDUSTRIAL CLASSIFICATION: [] DIRECTOR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 9719 CONWAY ROAD CITY: ST LOUIS STATE: MO ZIP: 63124 BUSINESS PHONE: 3145691659 MAIL ADDRESS: STREET 1: 9719 CONWAY ROAD CITY: ST LOUIS STATE: MO ZIP: 63124 4 1 FORM 4 FOR LLOYD R. ABRAMS FORM 4 for LLOYD R. ABRAMS securities ownership in BENTLEY INTERNATIONAL, INC. January 11, 1999 Address: Lloyd R. Abrams, President and Chief Executive Officer, Bentley International, Inc., 9719 Conway Road, St. Louis, MO 63124 Date of Acquisition: On December 1, 1998, Lloyd R. Abrams acquired the following securities of Bentley International, Inc.: Common Stock Acquired: 40,000 shares (the "Bentley Common Shares") of Common Stock of Bentley International, Inc., $.18 par value ("Bentley Common Stock") Total Bentley Common Stock Beneficially Owned as of the Date Hereof: 1,321,000 shares Warrant Acquired: Warrant for the purchase of up to 300,000 shares of Bentley Common Stock at $10.00 per share (the "Warrant") at any time on or after July 30, 1998 through the earlier to occur of (A) July 30, 2008 or (B) sixty (60) days after the last reported sale price per share of Bentley Common Stock, as reported on the OTC Bulletin Board or any stock exchange upon which the Bentley Common Stock is subsequently listed, exceeds $15.00 per share Total Shares of Bentley Common Stock for Which Warrants Are Held as of the Date Hereof: 300,000 Purchase Price, Consideration and Value of Consideration: The Warrant and the Bentley Common Shares were acquired as part of the consideration paid in connection with a Repurchase Agreement and Mutual General Release among Lloyd R. Abrams, Bentley International, Inc., Windsor Art, Inc., Interiors, Inc. and Max Munn dated December 1, 1998 (the "Mutual Release"), which is attached as Exhibit 2 to the Form 8-K of Bentley International, Inc. dated December 1, 1998. Pursuant to the Mutual Release, Lloyd R. Abrams released Interiors, Inc. and Windsor Art, Inc. from their obligations under a consulting agreement dated July 30, 1998 (the "Consulting Agreement"), which is attached as Exhibit 10.5 to the Form 10-QSB of Bentley International, Inc. for June 30, 1998. In November, 1998, prior to the Mutual Release, an appraiser valued the present value of the rights of Mr. Abrams under the Consulting Agreement as $450,322. Under the Mutual Release, Mr. Abrams received $138,444.32 in addition to the Bentley Common Shares and the Warrant for his release of Interiors, Inc. and Windsor Art, Inc. The value of Bentley Common Stock is approximately $1.00 per share on the market for registered shares. The Bentley Common Shares, the Warrant and the shares for which the Warrant is exercisable are subject to restrictions on transfer. The appraiser found that the current value of the Warrant is not ascertainable. /s/Lloyd R. Abrams Lloyd R. Abrams -----END PRIVACY-ENHANCED MESSAGE-----