4 1 e13127_form4.txt FORM 4 -------------------------------- ------------------------------ FORM 4 OMB APPROVAL -------------------------------- ------------------------------ |_| Check this box if no OMB Number: 3235-0287 longer subject to Section Expires: PENDING 16. Form 4 or Form 5 Estimated average burden obligations may continue. hours per response ....... 0.5 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 ________________________________________________________________________________ 1. Name and Address of Reporting Person WallerSutton 2000, L.P. -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o TeraGlobal Communications Corp. 9171 Towne Centre Drive, Suite 600 -------------------------------------------------------------------------------- (Street) San Diego California 92122 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol TeraGlobal Communications Corp. (TGCC) ________________________________________________________________________________ 3. IRS or Social Security Number of Reporting Person (Voluntary) 06-1597858 ______________________________________________________________________________ 4. Statement for Month/Year February 2002 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person to Issuer (Check all applicable) |_| Director |X| 10% Owner |_| Officer (give title below) |_| Other (specify below) Chief Executive Officer and President ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check Applicable Line) |X| Form Filed by One Reporting Person |_| Form Filed by More than One Reporting Person ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================

~~FORM~~5. Amount 3. Transaction 4. /Securities /Acquired ~~Check~~of ~~this~~Securities ~~box~~6. ifOwnership no7. ~~longer~~Nature ~~subject~~Code to(A) ~~Section~~or ~~16.~~Disposed ~~Form~~of 4(D) orBeneficially Form: 5Direct ~~obligations~~of ~~may~~Indirect ~~continue~~1. ~~See~~Title ~~Instruction~~of ~~1(b)~~2. Transaction (~~Print~~Instr. ~~or Type Responses~~8) ~~UNITED~~(Instr. ~~STATES~~3, ~~SECURITIES~~4 ~~AND~~and ~~EXCHANGE~~5) ~~COMMISSION~~Owned ~~Washington,~~at End (D~~.C.~~) ~~20549~~or ~~STATEMENT~~Beneficial OFSecurity ~~CHANGES~~Date IN------------------------------------------- ~~BENEFICIAL~~of ~~OWNERSHIP~~Month ~~Filed~~Indirect ~~pursuant~~(I) toOwnership ~~Section~~(Instr. 163) (aMonth/Day/Year) ofCode ~~the~~V ~~Securities~~Amount ~~Exchange~~(A)or(D) ~~Act~~Price of(Instr. ~~1934,~~3 ~~Section~~and ~~17(a~~4) of(Instr. ~~the~~4) ~~Public~~(Instr. ~~Utility~~4) ~~Holding~~------------------------------------------------------------------------------------------------------------------------------------ ~~Company~~------------------------------------------------------------------------------------------------------------------------------------ ~~Act~~Common ofStock ~~1935~~02/05/02 orC ~~Section 30~~9,782,608(f1) ofA ~~the~~$0.158 ~~Investment~~D ~~Company~~------------------------------------------------------------------------------------------------------------------------------------ ~~Act~~Common ofStock ~~1940~~02/05/02 ~~OMB~~C ~~APPROVAL~~23,467,653(2) ~~OMB~~A ~~Number:~~$0.158 ~~3235-0287 Expires: December 31~~33,250,261 ~~2001~~D ~~Estimated~~------------------------------------------------------------------------------------------------------------------------------------ ~~average~~------------------------------------------------------------------------------------------------------------------------------------ ~~burden~~------------------------------------------------------------------------------------------------------------------------------------ ~~hours~~------------------------------------------------------------------------------------------------------------------------------------ ~~per~~------------------------------------------------------------------------------------------------------------------------------------ ~~response~~------------------------------------------------------------------------------------------------------------------------------------ ~~.... 0.5~~====================================================================================================================================

FORM 4 (cont.) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

Name and Address of Reporting Person*

Issuer Name and Ticker or Trading Symbol

Relationship of Reporting Person(s) to Issuer (Check all applicable)

Cox

Paul

TGCC Teraglobal Communications Corp.

Director

X 10% Owner

(Last)

(First)

(Middle)

I.R.S. Identification Number of Reporting Person (voluntary)

Statement for Month/Year

Officer (give title below)

Other (specify below)

9171 Towne Centre Dr., Suite 600

01/02

(Street)

If Amendment, Date of Original (Month/Year)

Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than

San Diego

92122

One Reporting Person

(City)

(State)

(Zip)

Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

WallerSutton 2000, L.P. By: WallerSutton 2000 L.L.C., its general partner By: James P. Crabtree, Authorized Member /s/ James P. Crabtree March 6, 2002 ----------------------------------------------- ----------------------- **Signature of Reporting Person Date 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). ** 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, on of which must be manually signed. If space is insufficient, see Instruction 6 for procedure ---------- (1) Warrant No. W-01-301 was exercised on a cashless basis pursuant to which 9,782,608 shares were issued. (2) Warrant No. W-02-201 was exercised on a cashless basis pursuant to which 23,467,653 shares were issued. The previously reported (on Form 4 filed by the Reporting Person on February 5, 2002) 24,590,847 number of shares was incorrect due to a calculation error. The correct number should have been 23,617,128. -2-

Title of Security (Instr. 3)

Transaction Date

Transaction Code (Instr. 8)

Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

Amount of Securities Beneficially Owned at End of Month

Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

Nature of Indirect Beneficial Ownership (Instr. 4)

(Month/ Day/ Year)

(Instr. 3 and 4)

Code

Amount

(A) or (D)

Price

Common Stock

1/24/02

5,000

$.11

Common Stock

1/24/02

10,000

$.11

Common Stock

1/24/02

15,000

$.10

Common Stock

1/25/02

5,000

$.07

Common Stock

1/25/02

5,000

$.07

Common Stock

1/28/02

5,000

$.09

Common Stock

1/28/02

5,000

$.09

Common Stock

1/28/02

10,000

$.085

Common Stock

1/28/02

10,000

$.09

Common Stock

1/29/02

5,000

$.08

Common Stock

1/29/02

10,000

$.075

Common Stock

1/30/02

15,000

$.07

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.		(Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).		SEC 1474 (7-97)

POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.

FORM 4 (Continued) Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

Title of Derivative Security (Instr. 3)

Conversion or Exercise Price of Derivative Security

Transaction Date (Month/Day/Year)

Transaction Code (Instr. 8)

Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

Date Exercisable and Expiration Date (Month/Day/Year)

Code

(A)

(D)

Date Exercisable

Expiration Date

N/A

Title and Amount of Underlying Securities (Instr. 3 and 4)

Price of Derivative Security (Instr. 5)

Number of Derivative Securities Beneficially Owned at End of Month (Instr. 4)

10.

Ownership Form of Derivative Securities Beneficially Owned at End of Month (Instr. 4)

11.

Nature of Indirect Beneficial Ownership (Instr. 4)

Title

Amount or Number of Shares

N/A

Explanation of Responses:

	/s/ Paul K. Cox	2/6/02
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	**Signature of Reporting Person	Date
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
		Page 2 SEC 1474 (7-97)

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