FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
| | Check this box if no longer subject
to Section 16. Form 4 or Form 5
obligations may continue. See
Instruction 1(b).
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
(Print or Type Responses)
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of
Reporting Person(s) to Issuer
CASTORO, JOHN ITEX CORPORATION ("ITEX") (Check all applicable)
-- Director -- 10% Owner
X Officer -- Other
(give title below) (specify below)
Vice President
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(Last) (First) (Middle) 3. I.R.S. 4. Statement for
Identification (Month/Year)
c/o ITEX CORPORATION
3400 COTTAGE WAY Number of Reporting
Person, if an
Entity -------------------
(Voluntary)
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(Street) -- 7. Individual or Joint/Group Filing
5. If Amendment, (Check Applicable Line)
SACRAMENTO CA 95825 Date of Original X Form filed by one Reporting Person
(Month/Year) -- Form filed by More than One
12/31/2001 Reporting Person
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(City) (State) (Zip)
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
5. Amount of
4. Securities Securities 6. Ownership 7. Nature of
Acquired (A) or Beneficially Form: Direct Indirect
3. Transaction Disposed of (D) Owned at End (D) or Beneficial
1. Title of Security 2. Transaction Date Code(Instr.8.) (Instr. 3, 4 and 5) of Month Indirect (I Ownership
(Instr. 3) (Mo./Day/Yr.) Code V Amount (A)or(D) Price (Instr.3,4,5) (Instr. 4) (Instr. 4)
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Common Stock 12/31/01 P 16,400 A $0.14 41,400 D
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. *If the form is filed by more than one reporting
person, see Instruction 4(b)(v).
2
FORM 4 (continued) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED(e.g., puts, calls, warrants, options, convertible securities)
6.Date 9.Number 10.Owner-
5.Number Exercisable 7.Title and of Deriv- ship Form
of Derivitive and Expira- Amount of itive of Deriv-
Securities tion Date Underlying Securities itive
4.Trans- Aquired (A) (Mo./Day/Yr.) Securities 8.Price Benefi- Security
1.Title 2.Conversion 3.Trans- action or Disposed ------------- (Instr.3 and 4) of Deri- cially Direct 11.Nature
of or Exercise action Code of (D) Date ---------------- vitive owned at (D) or of Bene-
Derivitive Price of Date (Instr. 8) (Instr. 3,4,5) Exer- Expira- Amount or Security End of Indirect ficial
Security Derivitive (Mo./Day/ ---------- -------------- cis- tion Number of (Instr. Month (I) Ownership
(Instr.3) Security Yr.) Code V A D able Date Title Shares 5) (Instr.4) (Instr. 4)(Instr.4)
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Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. /s/ See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ JOHN CASTORO 1/28/02
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John Castoro Date
Signature of Reporting Person
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.