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Ultimate Holdings Ltd. – ‘4’ for 6/1/01 re: Genesisintermedia Inc.

As of:  Tuesday, 7/10/01   ·   For:  6/1/01   ·   Accession #:  1045447-1-500059   ·   File #:  1-15029

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/10/01  Ultimate Holdings Ltd.            4          10% Owner   1:10K  Genesisintermedia Inc.            Sheppard Mullin … LLP/FA

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           Ultimate Form 4                                        2     15K 

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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 to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b) _______________________________________________________________________________ 1. Name and Address of Reporting Person* Ultimate Holdings, Ltd., a Bermuda limited company _______________________________________________________________________________ (Last) (First) (Middle) 13 Parliament St. Hamilton _______________________________________________________________________________ (Street) HM 12 Bermuda _______________________________________________________________________________ (City) (State) (Zip) _______________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol GenesisIntermedia, Inc. GENI _______________________________________________________________________________ 3. IRS Identification Number of Reporting Person,if an Entity (Voluntary) _______________________________________________________________________________ 4. Statement for Month/Year 06/01 _______________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) _______________________________________________________________________________ 6. Relationship of Reporting Person 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 [Enlarge/Download Table] Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Transaction 3.Transaction 4. Securities Acquired(A) 5. Amount of 6. Ownership 7. Nature (Instr. 3) Date Code or Disposed of (D) Securities Form: of (Month/Date/ (Instr.8) (Instr. 3,4 and 5) Beneficially Direct(D) Indirect Year) A Owned at End or Beneficially or of Month Indirect(I) Ownership Code V Amount D Price (Instr. 3 and 4) (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 06/01/01 P 51,805 A $16.78 D Common Stock 06/05/01 S 85,000 D $16.8175 D Common Stock 06/06/01 S 2,800 D $16.440 D Common Stock 06/06/01 S 660,000 D $13.50 D Common Stock 06/07/01 P 12,300 A $16.72 D Common Stock 06/11/01 P 13,200 A $16.70 8,743,843 D * If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Form 4 (continued) [Enlarge/Download Table] Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 2. Conversion 3. Transaction 4.Transaction 5. Number of Derivative 6. Date Exercisable and Security or Exercise Date Code Securities Acquired (A) Expiration Date (Instr. 3) Price of (Month/Day/ (Instr. 8) or Disposed of (D) (Month/Date/Year) Derivative Year) (Instr. 3,4 and 5) Date Expiration Security Code V A D Exercisable Date ------------------------------------------------------------------------------------------------------------------------------------ Option $9.00 6/29/01 S 2,000,000 7/1/2005 [Enlarge/Download Table] Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of 3. Transaction 7. Title and Amount 8. Price 9. Number of 10. Ownership Form of 11. Nature of Derivative Date of Underlying of Derivative Derivative Derivative Indirect Security (Month/Day/Year) Securities Security Securities Security: Beneficial (Instr. 3) (Instr. 3 and 4) (Instr. 5) Beneficially Direct (D) or Ownership Amount or Number Owned at End of Indirect (I) (Instr. 4) Title of Shares Month (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Option 6/29/01 Common Stock 2,000,000 (1) Explanation of Responses: (1) On June 29, 2001, GenesisIntermedia, Inc. (the "Company") announced that it had received a conditional loan commitment for a $100 million credit facility from Riverdale LLC, a company owned by Carl C. Icahn. It also announced that concurrently the parties agreed to principal terms relating to investment banking services to be provided by Riverdale or its affiliates. The Company further announced that consummation of the financing transactions is subject to the negotiation and execution of definitive credit and security documents and that consummation of any financings under the facility would be subject to a number of conditions, including credit review of potential acquisition targets, lender due diligence of the acquisitions and other conditions to be set forth in any definitive credit agreement. The Company also announced that, in conjunction with the conditional commitment and investment banking services, the Company agreed to issue warrants to purchase 4 million shares of common stock of the Company to Riverdale and agreed to grant to Riverdale registration rights with respect to the common stock issuable upon exercise of the warrants. The Company also announced that concurrently Mr. El-Batrawi, the Company's chairman, agreed to grant to Riverdale options to acquire 1.5 million shares of common stock held by him. The Company also announced that concurrent with the Company's agreement to grant 4 million warrants to Riverdale, Mr. El-Batrawi and the Reporting Person agreed to grant options to the Company to purchase common stock held by them. The stock options identified in Table II above reflect the stock options granted by the Reporting Person to the Company. The options are exercisable to the extent Riverdale exercises the same priced warrants issued to it by the Company. (2) Reporting Person has executed trades that were subject to Section 16(b) prohibition on "short-swing" profits, including the sale of the options to purchase its common stock at $9.00 per share. As a result, Reporting Person has undertaken to disgorge to Issuer its "short-swing" profits calculated pursuant to Section 16(b). Colette Johnston is the Company Administrator of Ultimate Holdings, Ltd. /s/ Colette Johnston July 10, 2001 ________________________________ ______________________ **Signature of Reporting Person Date **International 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. 2

Dates Referenced Herein   and   Documents Incorporated by Reference

Referenced-On Page
This ‘4’ Filing    Date First  Last      Other Filings
Filed on:7/10/0124,  SC 13D
6/29/0124,  8-K,  8-K/A
For Period end:6/1/014
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Filing Submission 0001045447-01-500059   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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