Smith Thomas W/TX – ‘4’ on 12/11/96 re: Global Intellicom Inc.

As of:  Wednesday, 12/11/96   ·   Accession #:  910680-96-375   ·   File #:  0-26684   ·   Correction:  This Filing’s Metadata was Corrected ® by the SEC on 12/24/96.

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Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Thomas W. Smith - Form 4                               4±    16K 

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FORM 4                                                      OMB APPROVAL        
[_]  Check this box if no longer                    ----------------------------
     subject to Section 16. Form 4 or               OMB Number:        3235-0287
     Form 5 obligations may continue.               Expires:  September 30, 1998
 See Instruction 1(b).                          Estimated average burden
                                                    hours per response.......0.5
                                                    ----------------------------

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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*                                      

Smith       Thomas               W.                                 
(Last)       (First)          (Middle)                                
--------------------------------------------------------------------------------

120 Mockingbird Lane                    
(Street)                    
--------------------------------------------------------------------------------
Livingston          Texas            77351              

(City)           (State)            (Zip)           
--------------------------------------------------------------------------------
2.   Issuer Name and Ticker or Trading Symbol                                   

Global Intellicom, Inc.             (GBIT)                            
--------------------------------------------------------------------------------
3.   IRS or Social Security Number of Reporting Person (Voluntary)              

--------------------------------------------------------------------------------
4.   Statement for Month/Year                                                   

3/96                                                            

--------------------------------------------------------------------------------
5.   If Amendment, Date of Original (Month/Year)                                

--------------------------------------------------------------------------------
6.   Relationship of Reporting Person(s) to Issuer                              

[X]     Director             [_]     10% Owner                      
[_]     Officer (give        [_]     Other (specify                 
title below                  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

                                                        [Enlarge/Download Table]

====================================================================================================================================

1.  Title of      2.  Trans-    3.  Trans-     4.  Securities Acquired (A)    5.  Amount of         6.  Owner-      7.  Nature of   
    Security          action        action         or Disposed of (D)             Securities            ship            Indirect    
    (Instr. 3)        Date          Code           (Instr. 3, 4 and 5)            Beneficially          Form:           Beneficial  
                                    (Instr.8)                                     Owned at              Direct          Owner-      
                                                                                  End of Month          (D) or          ship        
                      (Month/                                                                           Indirect                    
                       Day/                                                                             (I)                         
                       Year)    ---------------------------------------------                                                       
                                                          (A) or                                                                    
                                Code       V    Amount      (D)       Price       (Instr.3 and 4)       (Instr.4)       (Instr.4)   
------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                    
Common Stock,        10/10/96    J-1            20,000       A         $4.9375                              D                       
 par value                                                                                                                          
  $.01 per share                                                                                                                    
------------------------------------------------------------------------------------------------------------------------------------
Common Stock,        11/7/96     P              15,000       A         $2.25                                D                       
 par value                                                                                                                          
  $.01 per share                                                                                                                    
------------------------------------------------------------------------------------------------------------------------------------
Common Stock,        11/12/96    P              15,000       A         $2.00          107,988               D                       
 par value                                                                                                                          
 $.01 per share                                                                                                                     
------------------------------------------------------------------------------------------------------------------------------------
Common Stock,                                                                         177,500              (I)              (I)     
 par value                                                                                                                          
 $.01 per share                                                                                                                     
------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================

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).                                                  

                                                                          (Over)
                                                                 SEC 1474 (7-96)

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FORM 4 (continued)                                                              

 Table II-- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

                                                        [Enlarge/Download Table]


PART 1 OF 2                                                                                                                        
===================================================================================================================================
1.Title of    2.Conver-    3.Trans-   4.Trans-      5.Number of Deriv-       6.Date Exer-      7.Title and Amount of      8.Price  
  Derivative    sion or      action     action        ative Securities Ac-     cisable and       Underlying Securities      of     
  Security      Exercise     Date       Code          quired (A) or Dis-       Expiration        (Instr.3 and 4)            Deriv- 
  (Instr. 3)    Price of                (Instr. 8)    posed of (D)             Date                                         ative  
                Deri-        (Month/                  (Instr.3, 4, and 5)      (Month/Day/                                  Secur- 
                vative        Day/                                              Year)                                       ity    
                Security      Year)                                                                                         (Instr.
                                                                                                                              5)   

                                                                               Date     Expira-               Amount or            
                                                                               Exer-    tion        Title     Number of            
                                                                               cisable  Date                  Shares               
                                       Code     V      (A)          (D)                                                            
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                   
Warrants         $4.00       3/20/96    J-2            (A)                     3/20/96  3/20/01   Common Stock  25,000             
-----------------------------------------------------------------------------------------------------------------------------------

===================================================================================================================================

PART 2 OF 2                                                                     
===================================================                             

9.Number       10.Owner-       11. Nature                               
of deriv-       ship            of                                  
ative           Form of         Indirect                            
Secur-          Deriv-          Benefi-                             
ities           ative           cial                                
Bene-           Security:       Owner-                              
ficially        Direct          ship                                
Owned           (D) or          (Instr. 4)                          
at End          Indirect                                            
of              (I)                                                 
Month           (Instr. 4)                                          
(Instr. 4)                                                          

--------------------------------------------------                              
25,000            (D)                                             
--------------------------------------------------                              

===================================================                             

Explanation of Responses:                                                       

(1)    177,500  shares are held by Equicomp Corp. of which Mr. Smith is the sole
shareholder.                                                      

(J-1)  Issued in  consideration  for  certain  financial  accomodations  made to
the Issuer by the Reporting Person.                               

(J-2)  Issued in  consideration  for  services  rendered  as a  Director  of the
Issuer.                                                           

/s/ Thomas W. Smith                                       12/10/96          
-----------------------------------                       --------------        
Thomas W. Smith                                       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 is insufficient, see Instruction 6 for procedure.               

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
valid OMB Number.                                                               

                                                                          Page 2
                                                                 SEC 1474 (7-96)

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘4’ Filing		Date		First		Last			Other Filings
		9/30/98		1					10-Q,  NT 10-Q
Changed on / Corrected on:		12/24/96
Filed on:		12/11/96							4
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