------------------------------- OMB APPROVAL OMB Number : 3235-0104 Expires: December 31, 2001 Estimated average burden hours per response: 0.5 ------------------------------- +--------+ | FORM 3 | U.S. SECURITIES AND EXCHANGE COMMISSION +--------+ WASHINGTON, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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 - -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Sight James W ---------------------------------------------------------------------------- (Last) (First) (Middle) 8500 College Park ---------------------------------------------------------------------------- (Street) Overland Park, Kansas 66210 ---------------------------------------------------------------------------- (City) (State) (Zip) 2. Date of Event Requiring Statement (Month/Day/Year) 04/24/01 -------------- 3. IRS or Social Security Number of Reporting Person (Voluntary) -------------- 4. Issuer Name and Ticker or Trading Symbol Programmer's Paradise, Inc. ------------------------------------ Nasdaq Trading Symbol: PROG --------------------------- 5. Relationship of Reporting Person to Issuer (Check all applicable) [XX] Director [ ] Officer [ ] 10% Owner [ ] Other (give title below) (specify below) ---------------------------------------------------------------------------- 6. If Amendment, Date of Original (Month/Day/Year) ---------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) XX Form filed by One Reporting Person ---- ____ Form filed by More Than One Reporting Person TABLE I--NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
- -------------------------------------------------------------------------------- 1. Title 2. Amount of 3. Ownership Form: 4. Nature of of Securities Bene- Direct (D) or Indirect Bene- Security ficially Owned Indirect (I) ficial Ownership (Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Common Stock 205,000 D - -------------------------------------------------------------------------------- Common Stock 20,000 I Mr. Sight has a 50% intereset in Continental Racers II, Inc., which directly owns 40,000 shares of the Issuer's Common Stock. - --------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print or Type Responses) (Over) SEC 1473 (3-99) 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. FORM 3 (continued) TABLE II--DERIVATIVE SECURITIES BENEFICIALLY OWNED (e.g., puts, calls, warrants, options, convertible securities)
- ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of In- Security (Instr. 4) cisable and Underlying Derivative Security or Form of direct Bene- Expiration (Instr. 4) Exercise Derivative ficial Date Price Security: Ownership (Month/Day/ of Direct (D) (Instr. 5) Year) Derivative or In- ---------------------------------------------------- Security direct (I) Date Expira- Amount or (Instr. 5) Exer- tion Title Number of cisable Date Shares - ------------------------------------------------------------------------------------------------------------------------------------ Options See Note 1 3/24/2011 Common Stock 18,750 $3.85 D - ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: Mr. Sight was appointed to the board of directors of the Issuer on April 25, 2001. Note 1: The Issuer granted Mr. Sight 18,750 option shares on April 25, 2001. The options vest as to 20% of the total option grant upon the expiration of one year from the date of the option grant, and thereafter vest in equal quarterly installments of 5%. ***Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ James W. Sight April 27, 2001 ------------------------------- ----------------- **Signature of Reporting Person Date Note: File three copies of this Form, one of which must be manually signed. If space provided 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. 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.