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OMB APPROVAL
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OMB Number 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
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
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1. Name and Address of Reporting Person
Unisys Corporation
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(Last) (First) (Middle)
Unisys Way
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(Street)
Blue Bell Pennsylvania 19424
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
6/14/99
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
PulsePoint Communications (PLPT)
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5 Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [ x ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing
[ x ] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
1. Title of Derivative Date Expira- Number Price of Indirect Beneficial
Security Exer- tion of Derivative (I) Ownership
(Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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Option (contingent (see (see Common 1,109,397 $6.60 D
right to buy) (see explana- explana- Stock,
explanation of re- tion of tion of no par
sponses below) respon- respon- value
ses below) ses below)
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Explanation of Responses:
On June 14, 1999, PulsePoint Communications (the "Issuer"), Unisys
Corporation (the "Reporting Person") and Shellco Inc. ("Merger Sub"), a
wholly owned subsidiary of the Reporting Person, entered into an Agreement
and Plan of Merger (the "Merger Agreement") providing for, among other
things, the merger of Merger Sub with and into the Issuer, with the Issuer
being the surviving corporation in such merger and becoming a wholly owned
subsidiary of the Reporting Person. In connection with the Merger Agreement,
the Issuer and the Reporting Person entered into a Stock Option Agreement
(the "Option Agreement"), dated as of June 14, 1999, pursuant to which the
Issuer granted the Reporting Person an option (the "Option") to purchase up
to 1,109,937 shares of Common Stock of the Issuer (the "Option Shares"). The
Option may only be exercised if a Merger Agreement is terminated under
certain circumstances set forth in the Merger Agreement and the Option
Agreement.
By reason of its execution of the Option Agreement, the Reporting Person
may be deemed to have beneficial ownership of the Option Shares and,
accordingly, may be deemed to beneficially own 1,109,937 (or approximately
16.6% of the outstanding Common Stock of the Issuer (based upon (i) the
5,577,572 shares of PulsePoint Common Stock outstanding on May 25, 1999, as
represented to Reporting Person by Issuer in the Merger Agreement, plus an
additional 1,109,937 that Issuer will issue to Reporting Person in the event
that the Option is exercised) following the exercise in whole of the Option
for 1,109,937 shares of Issuer Common Stock. The Reporting Person expressly
disclaims any beneficial ownership of the shares of Issuer Common Stock which
are purchasable by the Reporting Person upon exercise of the Option, on the
grounds that the Option is not presently exercisable and only becomes
exercisable upon the occurrence of the events referred to above. If the
Option were exercised, Reporting Person would have the sole right to vote and
to dispose of the shares of Issuer issued as a result of such exercise.
Neither the filing of this Form 3 nor any of its contents shall be deemed to
constitute an admission that the Reporting Person is the beneficial owner of
the Option Shares for purposes of Sections 13(d) or 16 of the Securities
Exchange Act of 1934, as amended, or for any other purpose and such
beneficial ownership is expressly disclaimed. The foregoing summary of the
Option Agreement is qualified in its entirely by reference to such agreement,
which has been filed as an exhibit to the Issuer's Form 8-K dated as of June
14, 1999.
UNISYS CORPORATION
/s/ Robert H. Brust June 24, 1999
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(**)Signature of Reporting Person Date
Robert H. Brust
Senior Vice President and
Chief Financial Officer
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
