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OMB Number 3235-0287
Expires: January 31, 2005
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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*
Padgett Nick
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(Last) (First) (Middle)
150 N. Michigan Avenue, Suite 3400
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(Street)
Chicago IL 60601
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
INFORTE CORP. (INFT)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
March, 2002
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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
[X] Officer (give title below) [_] Other (specify below)
Chief Financial Officer
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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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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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Common Stock 03/13/02(1) M 100,000 A $0.24
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Common Stock 03/13/02 M 50,000 A $0.24
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Common Stock 03/12/02(2) S 30,000 D $10.35 720,000 D
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* 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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Employee Stock Option 01/25/02 Common
(right to buy) $0.24 (1) A V 100,000 01/25/02 12/31/07 Stock 100,000 0 D
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Employee Stock Option Common
(right to buy) $0.24 03/13/02 M 25,000 12/31/00 12/31/07 Stock 25,000 0 D
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Employee Stock Option Common
(right to buy) $0.24 03/13/02 M 25,000 12/31/01 12/31/07 Stock 25,000 0 D
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Employee Stock Option 01/25/02 Common
(right to buy) $0.24 03/13/02 M 100,000 (1) 12/31/07 Stock 100,000 0 D
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Explanation of Responses:
1. In 1997 the reporting person was granted an option to purchase 100,000
shares of common stock. The option vests in one installment on January
25, 2002 subject to certain performance criteria being met. The
performance criteria were met resulting in vesting of the option as to
all 100,000 shares.
2. Option related sale. Sale proceeds used to pay alternative minimum tax
from option exercise on March 13, 2002. If option exercise did not
occur, sale would not have occurred.
/s/ Nick Padgett April 2, 2002
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Nick Padgett Date
** 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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