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Technology Stocks : AremisSoft Corporation (AREM) -- Ignore unavailable to you. Want to Upgrade?


To: small_brain who wrote (372)6/11/2001 4:15:00 PM
From: Sir Auric Goldfinger  Respond to of 683
 
Pumpandumporama continues..:" > Form 4 filed 15:39 06/11/01 by AREM Director
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of
Reporting Person(s) to Issuer
AREMISSOFT CORPORATION (Check all applicable)
Papadopoulos George ("AREM") X Director --- 10% Owner
--- Officer --- Other
(give title below) (specify below)

----------------------------------------- -------------------- -------------------- --------------------------------------
(Last) (First) (Middle) 3. I.R.S. 4. Statement for
Identification (Month/Year)
Number of Reporting
c/o AremisSoft Corporation Person, if an 05/2001
216 Heddon Avenue, Suite 607 Entity -------------------
(Voluntary)
---------------------------------------
(Street) -- 7. Individual or Joint/Group Filing
5. If Amendment, (Check Applicable Line)
Date of Original X Form filed by one Reporting Person
(Month/Year) -- Form filed by More than One
Westmont, New Jersey 08108 N/A Reporting Person
---------- ------------ -------- -----------------------------------------
(City) (State) (Zip)

</TABLE>


TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED

<TABLE>
<S> <C> <C> <C> <C> <C> <C>


5. Amount of 6.Ownership
4. Securities Acquired (A) Securities Form: 7.Nature of
3. Transaction or Disposed of (D) Beneficially Direct (D) Indirect
Code(Instr.8.) (Instr. 3, 4 and 5) Owned at End or Indirect Beneficial
1. Title of Security 2. Transaction Date ---------------- -------------------------- of Month (I) Ownership
(Instr. 3) (Mo./Day/Yr.) Code V Amount (A)or(D) Price (Instr.3 & 4) (Instr. 4) (Instr. 4)
-------------------- ------------------- -------- ------- --------- -------- ------- -------------- ------------- ------------

-------------------- ------------------- -------- ------- --------- -------- ------- -------------- ------------- ------------

-------------------- ------------------- -------- ------- --------- -------- ------- -------------- ------------- ------------

-------------------- ------------------- -------- ------- --------- -------- ------- -------------- ------------- ------------

</TABLE>


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).

<PAGE>2

FORM 4 (continued) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED(e.g., puts, calls, warrants, options, convertible securities)


<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
9.Number
7. Title and of 10.Owner-
Amount of Deriv- ship
Underlying ative Form
5.Number of 6.Date Securities 8.Price Secu- of Deriv- 11.Nature
2.Conver- Derivative Exercisable (Instr.3 and 4) of rities ative of
sion or 4.Trans- Securities and Expiration ---------------- Deriv- Benefi- Security Indirect
1.Title Exercise 3.Trans- action Aquired (A) or Date (Mo/Day/Yr) Amount ative cially :Direct Bene-
of Deri- Price of action Code Disposed of (D) ----------------- or Secu- Owned (D) or ficial
vative Deriv- Date (Instr.8) (Inst.3, 4, & 5) Date Expi- Number rity at End Indirect Owner-
Security ative (Mo/Day/ --------- ---------------- exer- ration of (Instr. of Month (I) ship
(Instr. 3) Security Yr) Code V A D cisable Date Title Shares 5) (Inst.4) (Inst.4) (Inst.4)
---------- -------- --------- ---- ---- -------- ------- -------- -------- -------- -------- ------- -------- --------- ----------
Stock $11.98 05/21/01 A V 40,000 (1) 05/21/06 Common 40,000 66,668 D N/A
option Stock
(Right to
buy)
---------- -------- --------- ---- ---- -------- ------- -------- -------- -------- -------- ------- -------- --------- ----------

---------- -------- --------- ---- ---- -------- ------- -------- -------- -------- -------- ------- -------- --------- ----------

---------- -------- --------- ---- ---- -------- ------- -------- -------- -------- -------- ------- -------- --------- ----------

</TABLE>

Explanation of Responses:

(1) 13,333 options vested on 5/21/2001
13,333 options vested on 5/21/2002
13,334 options vested on 5/21/2003


**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. /s/ See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).


/s/ GEORGE PAPADOPOULOS June 8, 2001
-------------------------------------- ------------
*Signature of Reporting Person Date

George Papadopoulos


Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.

</TEXT>
</DOCUMENT>



To: small_brain who wrote (372)6/11/2001 7:31:43 PM
From: Don Pueblo  Respond to of 683
 
If I am not mistaken, it's the same as UPC 11830, which requires NASDAQ member firms to close out short positions on a stock is on a "restricted" list and that meet certain clearing firm thresholds.