4 1 sipperform4080802.txt SIPPER FORM 4 FOR JULY 2002 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 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 [_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person Sipper Robert J. -------------------------------------------------------------------------------- (Last) (First) (Middle) 230 Dug Road -------------------------------------------------------------------------------- (Street) Chester NY 10918 -------------------------------------------------------------------------------- (City) (State) (Zip) -------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol Phlo Corporation - PHLC -------------------------------------------------------------------------------- 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) ###-##-#### -------------------------------------------------------------------------------- 4. Statement for Month/Year 7/02 -------------------------------------------------------------------------------- 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) -------------------------------------------------------------------------------- ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================

~~TABLE~~6. I4. -5. ~~NON~~Owner-~~DERIVATIVE~~ ~~SECURITIES~~Securities ~~ACQUIRED,~~Acquired ~~DISPOSED~~(A) ~~OF,~~or ORAmount ~~BENEFICIALLY~~of ~~OWNED~~ship 13. ~~TITLE~~Disposed OFof 2.(D) ~~TRANSACTION~~Securities 3Form: 7. ~~TRANSACTION~~Transaction 4(Instr. ~~SECURITIES~~3, ~~ACQUIRED~~4 ~~(A)~~and 5.) ~~AMOUNT~~Beneficially OFDirect 6.Nature ~~OWNERSHIP~~of 72. ~~NATURE~~Code OF------------------------------- ~~SECURITY~~Owned ~~DATE~~at End (M/D/Y) ~~CODE~~or ORIndirect ~~DISPOSED~~1. OFTransaction (DInstr. 8) ~~SECURITIES FORM INDIRECT~~ (~~INSTR.~~A) 3,of 4,Month ~~AND~~Indirect 5)Beneficial ~~BENEFICIALLY~~Title ~~DIRECT~~of ~~(D)~~Security ~~BENEFICIAL~~Date ~~OWNED~~------------ ATAmount ORor ~~INDIRECT~~Price ~~OWNERSHIP~~(Instr. ~~CODE~~3 ~~V AMOUNT~~ (AI) ~~PRICE~~Ownership ~~END~~(Instr. OF3) (Imm/dd/yy) ORCode V (D) ~~MONTH~~and ~~(INSTR.~~ 4) (~~INSTR~~Instr. 4) (~~INSTR~~Instr. ~~3 AND~~ 4) ------------------------------------------------------------------------------------------------------------------------------------ ~~COMMON~~------------------------------------------------------------------------------------------------------------------------------------ ~~STOCK~~Common 03Stock, $.001 par value 7/1811/~~2002~~02 S 205,000 (D) $ 0.2514 (4,135,496 D) N/A ------------------------------------------------------------------------------------------------------------------------------------ ~~COMMON~~Common ~~STOCK~~Stock, 03$.001 par value 7/1911/~~2002~~02 S 5015,000 (D) 0$.2213 (4,120,496 D) N/A ------------------------------------------------------------------------------------------------------------------------------------ ~~COMMON~~Common ~~STOCK~~Stock, 03$.001 par value 7/2015/~~2002~~02 S ~~100~~20,000 (D) 0$.1913 (4,100,496 D) N/A ------------------------------------------------------------------------------------------------------------------------------------ ~~COMMON~~Common ~~STOCK~~Stock, 03$.001 par value 7/2118/~~2002~~02 S 705,000 (D) 0$.1711 (4,095,496 D) N/A ------------------------------------------------------------------------------------------------------------------------------------ ~~COMMON~~Common ~~STOCK~~Stock, 03$.001 par value 7/2218/~~2002~~02 S 955,000 (D) 0$.17115 (4,090,496 D) N/A ------------------------------------------------------------------------------------------------------------------------------------ ~~COMMON~~------------------------------------------------------------------------------------------------------------------------------------ ~~STOCK~~------------------------------------------------------------------------------------------------------------------------------------ ~~03/26/2002 S 60,000 (D) 0.21 (D)~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~COMMON STOCK 03/27/2002 S 20,000 (D) 0.19 (D)~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~COMMON STOCK 03/28/2002 S 16,658 (D) 0.16 4,458,342 (D)~~ ------------------------------------------------------------------------------------------------------------------------------------ * IF THE FORM IS FILED BY MORE THAN ONE REPORTING PERSON, SEE INSTRUCTION 4(B)(V). REMINDER: REPORT ON A SEPARATE LINE FOR EACH CLASS OF SECURITIES BENEFICIALLY OWNED DIRECTLY OR INDIRECTLY.====================================================================================================================================

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

~~TABLE~~10. II9. Owner- ~~DERIVATIVE~~Number ~~SECURITIES~~ship ~~ACQUIRED,~~of ~~DISPOSED~~Form ~~OF,~~2. ORDeriv- ~~BENEFICIALLY~~of ~~OWNED~~Conver- (E5.G 7., ~~PUTS,~~ative ~~CALLS,~~Deriv- ~~WARRANTS,OPTIONS,~~11. ~~CONVERTIBLE~~sion ~~SECURITIES)~~Number 1.of ~~TITLE~~Title 2.and ~~CONVERSION~~Amount 3.Secur- ~~TRANSACTION~~ative 4.Nature ~~TRANSACTION~~or 5.Derivative ~~NUMBER~~ 6. ~~DATE~~of 7.Underlying ~~TITLE~~ 8. ~~PRICE~~ities 9.Secur- ~~NUMBER~~of ~~10.OWNER~~Exer- 114. ~~NATURE~~Securities OFDate ORSecurities ~~DATE~~Price ~~CODE~~Bene- OFity: ~~EXER~~In- ~~AND~~cise OF3. ~~OF SHIP OF DERIV~~Trans- ~~EXERCISE~~Acquired (~~M/D/Y~~A) Exercisable and (~~INST~~Instr. 83 and 4) ~~DERIV~~of ficially Direct direct Price Trans- ~~CISABLE~~action ~~AMOUNT~~or ~~DERIV~~Disposed Expiration Date ---------------- ~~DERIV~~Deriv- ~~FORM~~Owned OF(D) INor Bene- ~~ATIVE~~1. ~~PRICE~~of OFaction ~~ATIVE~~Code ~~AND~~of(D) OF(Month/Day/Year) ~~ATIVE~~Amount ~~ATIVE~~ative ~~DERIV~~at End In- ~~DIRECT~~ficial ~~SECURITY~~Title ~~DERIVATIVE~~of ~~SECURI~~Deriv- ~~EXPIRA-~~Date ~~UNDER~~(Instr. (Instr. 3, ---------------- ~~SECURITY~~or ~~SECURI~~Secur- ~~ATIVE~~of ~~BENE~~direct Owner- Derivative ative (~~INST.3~~Month/ 8) ~~SECURITY~~4 ~~TIES~~and ~~TION~~5) ~~LYING~~Date Expira- Number ity Month (~~INST.5~~I) ~~TIES~~ship ~~SECURITY~~Security ~~FICIAL~~Secur- ~~ACQUIRED~~Day/ ~~DATE~~------ ~~SECURI~~------------ ~~BENE~~Exer- ~~DIRECT~~tion of (D)Instr. ~~OWNER-~~(Instr. (A)Instr. OR(Instr. (~~M/D/Y~~Instr. 3) ~~TIES~~ity ~~FICIALLY~~Year) ORCode ~~SHIP~~V ~~DISPOSED~~ (~~INST.~~A) ~~OWNED INDIRECT~~ (D) 3cisable &Date 4)Title ATShares ~~END~~5) (I4) OF4) ~~MONTH~~4) ------------------------------------------------------------------------------------------------------------------------------------ ~~CODE~~------------------------------------------------------------------------------------------------------------------------------------ VNone ~~(A)~~------------------------------------------------------------------------------------------------------------------------------------ ~~(D)~~------------------------------------------------------------------------------------------------------------------------------------ ~~DATE~~------------------------------------------------------------------------------------------------------------------------------------ ~~EXPIR~~------------------------------------------------------------------------------------------------------------------------------------ ~~TITLE~~------------------------------------------------------------------------------------------------------------------------------------ ~~AMT.~~------------------------------------------------------------------------------------------------------------------------------------ ~~EXER~~------------------------------------------------------------------------------------------------------------------------------------ ~~ATION~~------------------------------------------------------------------------------------------------------------------------------------ OR------------------------------------------------------------------------------------------------------------------------------------ ~~CISABLE DATE NO. OF SHARES~~ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================

Explanation of Responses: /s/ Robert J. Sipper 8/2/02 ----------------------------------- ----------------------- Robert J. Sipper 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 provided is insufficient, see Instruction 6 for procedure.

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