5.FORM ~~Amount~~4 3./ ~~Transaction~~/ 4.Check ~~Securities~~this ~~Acquired~~box ofif ~~Securities~~no 6longer subject to Section 16. ~~Ownership~~Form 74 or Form 5 obligations may continue. ~~Nature~~See ~~Code~~Instruction 1(Ab). (Print or ~~Disposed~~Type ~~of (D~~Responses) ~~Beneficially~~UNITED ~~Form:~~STATES ~~Direct~~SECURITIES ofAND ~~Indirect~~EXCHANGE 1.COMMISSION ~~Title~~Washington, ~~of 2~~D.C. ~~Transaction~~20549 ~~(Instr.~~STATEMENT 8)OF ~~(Instr.~~CHANGES 3,IN 4BENEFICIAL ~~and~~OWNERSHIP 5)Filed ~~Owned~~pursuant atto ~~End~~Section 16(Da) orof ~~Beneficial~~the ~~Security~~Securities ~~Date~~Exchange ~~-------------------------------------------~~Act of ~~Month~~1934, ~~Indirect~~Section 17(Ia) ~~Ownership~~of ~~(Instr.~~the 3)Public ~~(Month/Day/Year)~~Utility ~~Code~~Holding VCompany ~~Amount~~Act ~~(A)~~of 1935 or Section 30(Df) ~~Price~~of ~~(Instr.~~the 3Investment ~~and~~Company 4)Act ~~(Instr.~~of 4)1940 ~~(Instr.~~OMB 4)APPROVAL ~~------------------------------------------------------------------------------------------------------------------------------------~~OMB ~~------------------------------------------------------------------------------------------------------------------------------------~~Number: 3235-~~-----------------------------------------------------------------------------------------------------------------------------------~~0287 ~~------------------------------------------------------------------------------------------------------------------------------------~~Expires: ~~------------------------------------------------------------------------------------------------------------------------------------~~December ~~------------------------------------------------------------------------------------------------------------------------------------~~31, ~~------------------------------------------------------------------------------------------------------------------------------------~~2001 Estimated average burden hours per response .... 0.5

------------------------------------------------------------------------------------------------------------------------------------ 1. Title of 2. Conversion 3. Transaction 4. Transaction 5. Number of 6. Date Exercisable 7. Title and Amount of Derivative or Date Code Derivative and Expiration Date Underlying Securities Security Exercise (Month/ (Instr. 8) Securities (Month/Day/Year) (Instr. 3 and 4) (Instr. 3) Price of Day/Year) Acquired (A) Derivative or Disposed of Security (D) (Instr. 3, 4,and 5) ------------------------------------------------------------------------------------- Code V (A) (D) Date Expiration Title Amount or Exer- Date Number of cisable Shares ------------------------------------------------------------------------------------------------------------------------------------ Convertible $0.20(1) 01/22/02 P $ 236,000 01/22/02 06/10/02(2) Common $ 236,000 Promissory Note ------------------------------------------------------------------------------------------------------------------------------------ Common Stock $0.01 01/22/02 P 1,273,954 01/22/02 12/10/04 Common 1,273,954 Purchase Warrants ------------------------------------------------------------------------------------------------------------------------------------ Common Stock $0.01 01/22/02 P 24,590,847(3) 01/22/02 12/10/04 Common 24,590,847(3) Purchase Warrants ------------------------------------------------------------------------------------------------------------------------------------ ---------------------------------------------------------------------------------------- 8. Price 9. Number of 10. Ownership 11. Nature of of Derivative Form of Indirect Derivative Securities Derivative Beneficial Security Beneficially Security: Ownership (Instr. 5) Owned at End Direct (D) of (Instr. 4) or Indirect (I) (Instr. 4) ---------------------------------------------------------------------------------------- Convertible $236,000 N/A D Promissory Note ---------------------------------------------------------------------------------------- Common Stock N/A 1,273,954 D Purchase Warrants ---------------------------------------------------------------------------------------- Common Stock N/A 24,590,847(3) D Purchase Warrants ----------------------------------------------------------------------------------------

Name and Address of Reporting Person*

Issuer Name and Ticker or Trading Symbol

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

Crabtree

James

TeraGlobal Communications Corp. (TGCC)

X Director

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)

c/o TeraGlobal Communications Corp.
9171 Towne Centre Drive, Suite 600

(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

1/02

One Reporting Person

(City)

(State)

(Zip)

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

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

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


7.	Title and Amount of Underlying Securities (Instr. 3 and 4)		8.	Price of Derivative Security (Instr. 5)	9.	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

Explanation of Responses:

*: In a Form 3 filed on 7/12/01 and a Form 4 filed on 1/10/02 Mr. Crabtree reported beneficial ownership of certain securities held by WallerSutton 2000, L.P. Mr. Crabtree is a Managing Director of WS Capital, LLC, the management company of WallerSutton 2000, L.P., a holder of non-voting class B membership interests in WallerSutton 2000 L.L.C., the general partner of WallerSutton 2000, L.P., and Mr. Crabtree disclaims beneficial ownership of all securities owned by WallerSutton 2000, L.P.

	/s/ James Crabtree	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.

		Page 2 SEC 1474 (7-97)

Filing Compare · TERAGLOBAL COMMUNICATIONS CORP