4 1 form4_nbarlas10102002.txt FORM 4 - NED E. BARLAS - 10/8/2002 -------------------- FORM 4 -------------------- |_|Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b) UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL Washington, D.C. 20549 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 ------------------------------ OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response.........0.5 ------------------------------ (Print or Type Responses) -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Barlas Ned E. -------------------------------------------------------------------------------- (Last) (First) (Middle) 257 Great Valley Parkway -------------------------------------------------------------------------------- (Street) Malvern PA 19355 -------------------------------------------------------------------------------- (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol Axeda Systems Inc. ("XEDA") -------------------------------------------------------------------------------- 3. IRS or Identification Number of Reporting Person, if an entity (Voluntary) -------------------------------------------------------------------------------- 4. Statement for Month/Day/Year 10/8/2002 -------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Day/Year) -------------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner ----- ----- X Officer (give title Other (specify below) ----- below) ----- Senior Vice President and Chief Legal Officer -------------------------------------------------------------------------------- 1 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

~~------------------------------------------------------------------------------------------------------------------------------------~~ 1. Title of Security 2. Trans- 2A. 3. Transaction 4. Securities Acquired (A) or 5. Amount of 6. Ownership 7. Nature of (Instr. 3) action ~~Date~~Deemed Code or Disposed of (D) Securities Form: Indirect ~~(Month/~~Date Execution (Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct Beneficial (Month/ Date, if Owned (D) ~~Beneficial~~or Ownership Day/ any Following Indirect (Instr. 4) Year) ~~Owned~~(Month/ atReported or(I) ~~Ownership~~Day/ Trans- (Instr. 4) Year) actions(s) (Inst. 3 and 4) ----------------------------------------------------------------------------------------------------------------------------------- ~~End of Month Indirect (Instr. 4) (Inst. 3 (I)~~ Code V Amount (A) or (D) Price ~~and~~---- 4)- ~~(Instr.~~------ 4)---------- ----- ------------------------------------------------------------------------------------------------------------------------------------ ~~Axeda Common Stock 03/05/2002 P 500 A 2.95 10,983 D~~ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. *If this from is filed by more than one reporting person, see Instruction 4(b)(v). Persons who 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. (Over) SEC 1474 (9-02) 2 FORM 4 (continued) Table II-- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

~~-----------------------------------------------------------------------------------------------------------------------------------~~ 1. Title of Derivative 2. ~~Conversion~~ 3. ~~Transaction~~3A. 4. Transaction 5. Number of 6. Date Exercisable ~~7. Title and Amount~~ Security orConversion ~~Exercise~~Transaction ~~Date~~Deemed Code Derivative and Expiration ~~of Underlying~~ (Instr. 3) ~~Price~~or ofDate ~~(Month/~~Execution (Instr. 8) Securities Date ~~Securities~~Exercise ~~Derivative Day~~(Month/~~Year)~~ Date, if Acquired (A) or (Month/Day/Year) ~~(Instr.~~Price 3of ~~and 4~~Day/Year) ~~Security~~any Disposed of (D) Derivative (Month/ (Instr. 3, 4, ~~and~~Security 5Day/Year) ~~-----------------------------------------------------------------------------~~and ~~Code V (A~~5) ~~(D) Date Exer~~- ~~Expiration Title Amount or cisable Date Number of Shares~~ ----------------------------------------------------------------------------------------------------------------------------------- Date Exer- Expiration Code V (A) (D) cisable Date ---- --- ----- ----- ---------~~--------------------------------------------------------------------------------------------------------~~ ----------~~-------------------------------------------------------------------------------------------------------------------------~~ ------------------------------------------------------------------------------------------------------------------------------------ Options to acquire Common Stock (1) $0.43 10/8/2002 N/A A 40,000 8/8/2006 10/7/2012 ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------

Explanation of Responses: (1) - The options vest as follows: 25% on the one-year anniversary of the vesting commencement date, the remainder in equal installments of 1/36th per month for thirty-six months. /s/ Ned E. Barlas 10-10-2002 -------------------------------------------- ----------------------- **Signature of Reporting Person Date ** 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 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 control number. 3

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