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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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*
McClendon, Scott
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(Last) (First) (Middle)
13855 Stowe Drive
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(Street)
Poway, CA 92064
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
SpaceDev, Inc. (SPDV)
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3. IRS Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Day/Year
01/17/2003
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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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6.
4. 5. Owner-
2A. Securities Acquired (A) or Amount of ship
2. Deemed 3. Disposed of (D) Securities Form: 7.
Trans- Execu- Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
action tion Code ------------------------------- Owned Following (D) or Indirect
1. Date Date, (Instr. 8) (A) Reported Indirect Beneficial
Title of Security (mm/dd/ if any ------------ Amount or Price Transaction(s) (I) Ownership
(Instr. 3) Year) (mm/dd/yy) Code V (D) (Instr. 3 and 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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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or 3A. Derivative 6. of Underlying 8. ities Secur- of
Exer- Deemed 4. Securities Date Securities Price Bene- ity: In-
cise 3. Execu- Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- tion action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Date, Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date if any (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ (Month/ 4 and 5) Date Expira- Number ity Month (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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Non-
Statutory
Stock Common
Options $0.436 01/17/03 A (A) 01/17/04 01/17/08 Stock 10,000 $0.436 25,460 (D)
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Explanation of Responses:
/s/ Scott McClendon 1/17/03
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**Signature of Reporting Person Date
Reminder: Report on separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, See Insruction
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).
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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