4 1 d4.txt FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ------------ --------------------------- FORM 4 OMB APPROVAL ------------ --------------------------- [_] Check this box if OMB Number: 3235-0287 no longer subject to Expires: December 31, 2001 Section 16. Form 4 or Estimated average burden Form 5 obligations may --------------------------- continue. See Instruction 1(b) 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 (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/Year 03/2002 -------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) -------------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner ------------- ------------- X Officer (give Other ------------- title below) ------------- (specify below) SrVP and Chief Legal Officer -------------------------------------------------------------------------------- 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-~~Transaction 4. Securities Acquired (A) or 5. Amount of 6. ~~Owner-~~Ownership 7. Nature of ~~action~~(Instr. 3) action orDate Code Disposed of (D) Securities ~~ship~~Form: ofIndirect ~~In-~~(Month/ ~~Security~~(Instr. ~~Date~~8) ~~Code~~ (Instr. 3, 4 and 5) Beneficially ~~Form:~~Direct ~~direct~~ (~~Instr. 3~~D) ~~(Month/~~Beneficial ~~(Instr. 8~~Day/Year) Owned at ~~Direct~~or ~~Bene-~~Ownership ~~Day/~~ ----------------------------------------------- End of ~~(D)~~Month orIndirect ~~ficial~~(Instr. ~~Year~~4) ~~Month~~(Inst. ~~Indirect~~3 ~~Owner-~~(I) Code V Amount (A) or ~~Price~~ (~~Instr.~~D) 3Price and 4) (~~I) ship (D) (~~Instr. 4) ~~(Instr. 4)~~ ------------------------------------------------------------------------------------------------------------------------------------ Axeda Common Stock 203/2805/2002 P 4,500 A 2.3095 10,~~483~~983 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If this form is filed by more than one reporting person, see Instruction 4(b)(v). 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. (Over) SEC 1474 (3-99) 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. ~~Conver-~~Conversion 3. ~~Trans-~~Transaction 4. ~~Transac-~~Transaction 5. Number of ~~Deriv-~~6. ~~Security~~Date ~~(Instr~~Exercisable 7. 3)Title ~~sion~~and Amount Security or ~~action~~Exercise ~~tion~~Date Code ~~ative~~Derivative ~~Securities~~and ~~Exercise~~Expiration ~~Date~~of Underlying (Instr. 83) ~~Acquired (A) or~~ Price of (Month/ ~~Disposed~~(Instr. of8) Securities Date Securities Derivative Day/Year) Acquired (DA) ~~Deriv-~~or (Month/Day/Year) (Instr. 3, 4, and 54) ~~ative Year)~~ Security ~~---------------------------------------------------~~Disposed ~~Code~~of V (AD) (D)Instr. ~~-----------------------------------------------------------------------------------------------------------------------------~~3, ~~-----------------------------------------------------------------------------------------------------------------------------~~4, ~~-----------------------------------------------------------------------------------------------------------------------------~~and ~~-----------------------------------------------------------------------------------------------------------------------------~~5) -----------------------------------------------------------------------------~~------------------------------------------------~~ ~~-----------------------------------------------------------------------------------------------------------------------------~~Code ~~-----------------------------------------------------------------------------------------------------------------------------~~V ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------ 6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na- cisable and Underlying Securities of of Deriv- ship ture Expiration (~~Instr. 3 and 4~~A) ~~Deriv- ative Form of In- Date ative Secur- of De- direct~~ (~~Month/Day/ Secur- ities rivative Bene- Year) ity Bene- Securities ficial (Instr. ficially Direct (~~D) ~~Owner-~~Date Exer-~~-------------------------------------------~~ 5)Expiration ~~Owned~~Title ~~or In- ship Date Expira-~~ Amount or atcisable ~~End~~Date ~~direct (I) (Instr. Exer- tion Title~~ Number of ~~of (Instr. 4) 4) cisable Date~~ Shares ~~Month (Instr. 4)~~ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------- 8. Price of 9. Number 10. Ownership 11. Nature Derivative of Form of of Security derivative Derivative Indirect (Instr. 5) Securities Security: Beneficial Beneficially Direct Ownership Owned at (D) or (Instr. 4) End of Indirect (I) Month (Instr. 4) (Instr. 4) --------------------------------------------------------------- --------------------------------------------------------------- --------------------------------------------------------------- --------------------------------------------------------------- --------------------------------------------------------------- --------------------------------------------------------------- --------------------------------------------------------------- --------------------------------------------------------------- --------------------------------------------------------------- Explanation of Responses: -------------------------------------------- ------------------------- **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. Page 2 SEC 1474 (3-99)

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