FORM 4
[ ] Check this box if no longer subject
to Section 16. Form 4 or Form 5
obligations may continue. See
Instruction 1(b).
U. S. 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
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1. Name and Address of Reporting Person*
Ehrlich Burtt R.
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(Last) (First) (Middle)
Two Soundview Drive
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(Street)
Greenwich CT 06830
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Clarus Corporation (CLRS)
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3. IRS Identification Number of Reporting Person, if an entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Day/Year
November 19, 2002
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|X| Director |_| 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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5.
Amount of 6.
4. Securities Owner-
Securities Acquired (A) or Beneficially ship
2A. Deemed 3. Disposed of (D) Owned Form: 7.
2. Trans- Execution Transaction (Instr. 3 and 4) Following (D) Nature of
action Date, if Code ------------------------------- Reported Direct Indirect
1. Date any (Instr. 8) (A) Transactions or (I) Beneficial
Title of Security (Month/ (Month/ ------------ or (Instr. 3 and Indirect Ownership
(Instr. 3) Day/Year) Day/Year) Code V Amount (D) Price 4) (Instr.4) (Instr.4)
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Common Stock, par value 11/18/02 P 25,000 A $5.60 63,000 D
$0.0001 per share
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Common Stock, par value 11/19/02 P 5,000 A $5.60 8,500 I By trust
$0.0001 per share f/b/o
Son (1)
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Common Stock, par value 4,500 I By Son (1)
$0.0001 per share
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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)
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9.
Number 10.
of Owner-
deriv- ship
ative Form
2. Secur- of
Conver- 5. 7. ities Deriv- 11.
sion Number of Title and Amount Bene- ative Nature
or 3A. Derivative 6. of Underlying 8. ficially Secur- of
Exer- Deemed 4. Securities Date Securities Price Owned ity: In-
cise 3. Execut- Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct
Price Trans- tion action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene-
1. of action Date, Code of(D) (Month/Day/Year) Amount ative Reported In- ficial
Title of Deriv- Date if any (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner-
Derivative ative (Month/ (Month/ 8) 4, and 5) Date Expira- Number ity actions (I) ship
Security Secur- Day/ Day/ ------ ------------ Exer- tion of (Inst. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Stock $5.99 (2) 5/28/09 Common 21,250 21,250 D
Options Stock
(Right
to Buy)
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(1) The reporting person disclaims beneficial ownership of these securities
and this report shall not be deemed an admission that the reporting
person is the beneficial owner of these securities for the purposes
of Section 16 of the Securities Exchange Act of 1934 or otherwise.
(2) Options to purchase 2,500 shares become exercisable on each of August 28,
2002, November 28, 2002 and February 28, 2003, and options to purchase
13,750 shares become exercisable on May 28, 2003.
/s/ Burtt R. Ehrlich November 19, 2002
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**Signature of Reporting Person Date
* If the Form is filed by more than one reporting person, See Instruction
4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).