4 1 aug0602_form4.txt [X] Check this box if no longer OMB APPROVAL subject to Section 16. Form 4 OMB Number: 3235-0287 or Form 5 obligations may Expires: January 31, 2005 continue. See Instruction 1(b). Estimated average burden hours per response...........0.5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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 (Print or Type Responses) ________________________________________________________________________________ 1. Name and Address of Reporting Person* Cyber Net Technologies Limited -------------------------------------------------------------------------------- (Last) (First) (Middle) TrustNet Chambers, P.O. Box 3444, Road Town -------------------------------------------------------------------------------- (Street) Tortola British Virgin Islands -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol SoftNet Systems, Inc. (SOFN) ________________________________________________________________________________ 3. I.R.S. Identification Number of Reporting Person (voluntary) ________________________________________________________________________________ 4. Statement for Month/Year 07/02 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/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 ================================================================================ 6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 2. 3. Disposed of (D) Securities Form: 7. Transaction Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of Date Code ------------------------------ Owned at End (D) or Indirect 1. (Month/ (Instr. 8) (A) of Month Indirect Beneficial Title of Security Day/ ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) Year) Code V (D) and 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 07/30/02 S 5,000,000 $3.00 0 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ==================================================================================================================================== 10. Owner- 9. ship Number Form of of 2. Deriv- Deriv- Conver- 5. 7. ative ative 11. sion Number of Title and Amount Secur- Secur- Nature or Derivative 6. of Underlying 8. ities ities of Exer- 4. Securities Date Securities Price Bene- Bene- In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially ficially direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned Owned Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End at End ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of of Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month Month 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) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Explanation of Responses: If the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal CYBER NET TECHNOLOGIES LIMITED Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Alexander Anthony Arena August 6, 2002 Note: File three copies of this Form, one of which must be manually signed. ------------------------------- -------------- If space provided is insufficient, see Instruction 6 for procedure. **Signature of Reporting Person Date By: Alexander Anthony Arena Title: Director 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 Page 2 valid OMB Number.