4 1 form4alberding.txt STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 4 1 NONE 0001186381 Director Elevon, Inc. 0000883983 95-2862954 01/08/03 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. 1. Name and Address of Reporting Person(s) Alberding Richard C. 15 Ashdown Place Half Moon Bay, CA 94019 2. Issuer Name and Ticker or Trading Symbol Elevon, Inc. (ELVN) 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) 4. Statement for Month/Day/Year 1/8/2003 5. If Amendment, Date of Original (Month/Day/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [ ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) Director 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- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of action action or Disposed of (D) Securities Indirect Date Code A Beneficially D Beneficial (Month/ or Owned at or Ownership Day/Year) Code V Amount D Price End of Month I ------------------------------------------------------------------------------------------------------------------------------------ Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and Security or Exercise action action Securities Acquired (A) Expiration Date Price of Date Code or Disposed of (D) Derivative Security Code V A D Exercisable Expiration ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Stock Option $1.~~2600~~4100 1201/0507/0203 A 26,~~250~~000 (1) 1201/0507/1213 (right to buy) Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of Security action of Underlying of Deri- Derivative Indirect Date Securities vative Securities D Beneficial Amount or Security Beneficially or Ownership Number of Owned at I - Title Shares End of Month ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Stock Option 1201/0507/0203 Common Stock 26,~~250~~000 $1.~~2600~~4100 26,~~250~~000 D Direct (right to buy) Explanation of Responses: (1) Option was granted under terms of Issuer's 1994 Equity Incentive Plan (the "Plan") (renamed as the 2002 Equity Incentive Plan). Gran t is exercisable in four quarterly installments commencing on date three months after date of grant of option provided that Reportin g Person has, during three month period prior to each vesting date, continuously served as a non-employee director of Issuer.

SIGNATURE OF REPORTING PERSON /S/ Alberding Richard C. DATE 01/07/03

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