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OMB Number 3235-0287
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U.S. 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
[_] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Chitnis Shekhar R.
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(Last) (First) (Middle)
91 Via Sonrisa
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(Street)
San Clemente CA 92673
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Liquidmetal Technologies (LQMT)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
January 8, 2003
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[_] Officer (give title below) [_] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5.
Amount of 6.
4. Securities Owner-
Securities Acquired (A) or Beneficially ship
2A. 3. Disposed of (D) Owned Form: 7.
2. Deemed Transaction (Instr. 3, 4 and 5) Following Direct Nature of
Trans- Execution Code ------------------------------- Reported (D) or Indirect
1. action Date, if (Instr. 8) (A) Transaction(s) Indirect Beneficial
Title of Security Date any ------------ or (Instr. 3 & (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V Amount (D) Price Instr.4) (Instr.4) (Instr.4)
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Liquidmetal Technologies
Common Stock 01/08/03* M 2,000* A $2.79* D
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Liquidmetal Technologies
Common Stock 01/08/03* S 2,000* D $9.815* D
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Liquidmetal Technologies
Common Stock 01/09/03* M 2,000* A $2.79* D
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Liquidmetal Technologies
Common Stock 01/09/03* S 2,000* D $9.65* 258,327 D
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* These shares were acquired pursuant to an exercise of options as reflected
on Table II of this Form 4, and then were sold on the same day pursuant to a
Plan of Sale, dated November 29, 2002, under Rule 10b5-1 of the Securities
Exchange Act of 1934. The Plan of Sale, which was entered into for personal
financial and estate planning purposes, provides for the systematic and
orderly sale of 4,000 shares per week for a period of 26 consecutive weeks
beginning December 9, 2002 (for a total of up to 104,000 shares over the
26-week period), subject to certain terms, conditions, and limitations in
accordance with Rule 10b5-1.
** If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/98)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- 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)
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Option to Purchase Common
Common Stock $2.79 01/08/03 M 2,000 05/01/02 05/01/10 Stock 2,000 382,581 D
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Option to Purchase Common
Common Stock $2.79 01/09/03 M 2,000 05/01/02 05/01/10 Stock 2,000 380,581 D
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Explanation of Responses:
/s/ Curt P. Creely January 10, 2003
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CURT P. CREELY AS ATTORNEY IN FACT FOR Date
SHEKHAR CHITNIS
** 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.
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