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*
BALDWIN, III L. THOMAS
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(Last) (First) (Middle)
141 WEST JACKSON BOULEVARD, SUITE #2850
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(Street)
CHICAGO IL 60606
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(City) (State) (Zip)
NHANCEMENT TECHNOLOGIES, INC. (NHAN)
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2. Issuer Name and Ticker or Trading Symbol
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
SEPTEMBER, 2000
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4. Statement for Month/Year
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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)
[_] Director [X] 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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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, $.01 par value 09/1/00 P 49,500 A $14.21
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COMMON STOCK, $.01 par value 09/5/00 P 11,900 A $15.30
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COMMON STOCK, $.01 par value 09/6/00 P 16,000 A $15.81
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COMMON STOCK, $.01 par value 09/7/00 P 11,700 A $15.23
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COMMON STOCK, $.01 par value 09/8/00 P 10,000 A $15.06
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COMMON STOCK, $.01 par value 09/11/00 P 10,500 A $14.60
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COMMON STOCK, $.01 par value 09/12/00 P 39,600 A $13.81
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COMMON STOCK, $.01 par value 09/13/00 P 24,100 A $13.60
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COMMON STOCK, $.01 par value 09/14/00 P 48,900 A $15.17
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COMMON STOCK, $.01 par value 09/15/00 P 15,200 A $15.70
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COMMON STOCK, $.01 par value 09/18/00 P 68,200 A $15.74
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COMMON STOCK, $.01 par value 09/19/00 P 1,100 A $15.77
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COMMON STOCK, $.01 par value 09/20/00 P 5,900 A $15.32
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COMMON STOCK, $.01 par value 09/21/00 P 37,300 A $15.00
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COMMON STOCK, $.01 par value 09/22/00 P 44,300 A $15.01
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COMMON STOCK, $.01 par value 09/25/00 P 10,500 A $15.40
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COMMON STOCK, $.01 par value 09/26/00 P 300 A $13.96
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COMMON STOCK, $.01 par value 09/27/00 P 115,400 A $15.59
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COMMON STOCK, $.01 par value 09/28/00 P 75,600 A $16.66
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COMMON STOCK, $.01 par value 09/29/00 P 20,500 A $16.82 573,085 (1) D
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1,212,407 (1) I
By: Rosenthal Collins Group, L.L.C.
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540,200 (1) I
By: Rosenthal Collins Equities, L.L.C.
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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.
(1) On 9/29/00, Rosenthal Collins Equities, L.L.C. transferred 300,845 shares
and its affiliate, Rosenthal Collins Group, L.L.C., transferred 199,155
shares to this reporting person's securities account at First Security Van
Kasper, Inc., an unaffiliated broker/dealer. Indirect beneficial ownership
remains in this reporting person.
(Print or Type Responses)
(Over)
(Form 4-07/99)
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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Common
Stock,
Common Stock $.01 par
Warrant $6.00 9/8/00(2) J(2) 300,000 9/8/00(2) 7/31/01 value 300,000 Services(2) 300,000 D
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Explanation of Responses:
(2) On 9/8/00, this reporting person received from the Issuer common stock
warrants to purchase 300,000 shares of common stock at $6.00 per share, in
consideration of financial consulting services being provided by him to the
Issuer. The Common Stock Warrant instrument is dated as of 7/31/00 and
expires on 7/31/01.
/s/ L. Thomas Baldwin III 10/10/00
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**Signature of Reporting Person 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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