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|FORM 4|
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[ ] 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(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Kanders Warren B.
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(Last) (First) (Middle)
c/o Kanders & Company, Inc.
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 or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Day/Year
12/23/02
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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 |X| 10% Owner
|X| Officer (give title below) |_| Other (specify below)
Executive Chairman
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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-
2A. Securities Acquired (A) or Beneficially ship
2. Deemed 3. Disposed of (D) Owned Form: 7.
Trans- Execution Transaction (Instr. 3, 4 and 5) Following Direct Nature of
action Date, ifn Code ------------------------------- Reported (D) or Indirect
1. Date any (Instr. 8) (A) Transaction(s) Indirect Beneficial
Title of Security (Month/ (Month/ ------------ or (Instr. 3 & (I) Ownership
(Instr. 3) Day/Year) Day/Year) Code V Amount (D) Price 4) (Instr.4) (Instr.4)
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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- ion action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene-
1. of action Date if Code of(D) (Month/Day/Year) Amount ative Reported In- ficial
Title of Deriv- Date any (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner-
Derivative ative (Month/ (Month/ 8) 4 and 5) Date Expira- Number ity action(s) (I) ship
Security Secur- Day/ Day/ ------ ------------ Exer- tion of (Instr. (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 $5.35 12/23/02 A 200,000 (1) 12/23/12 Common 200,000 200,000 D
Options Stock
(Right
to Buy)
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Stock $7.50 12/23/02 A 400,000 (2) 12/23/12 Common 400,000 400,000 D
Options Stock
(Right
to Buy)
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Stock $10.00 12/23/02 A 400,000 (3) 12/23/12 Common 400,000 400,000 D
Options Stock
(Right
to Buy)
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(1) Options to purchase 40,000 shares become exercisable on each of December
23, 2003, December 23, 2004, December 23, 2005, December 23, 2006, and
December 23, 2007.
(2) Options to purchase 80,000 shares become exercisable on each of December
23, 2003, December 23, 2004, December 23, 2005, December 23, 2006, and
December 23, 2007.
(3) Options to purchase 80,000 shares become exercisable on each of December
23, 2003, December 23, 2004, December 23, 2005, December 23, 2006, and
December 23, 2007.
/s/ Warren B. Kanders December 23, 2002
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**Signature of Reporting Person Date
* If the Form is filed by more than one reporting person, See Instruction
5(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).
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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