4 1 form4_nbarlas02062003.txt FORM 4 - NED BARLAS - 2-6-2003 -------------------- 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) 277 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 2/5/2003 -------------------------------------------------------------------------------- 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) 5. Amount of 6. Ownership 7. Nature of (Instr. 3) action Deemed Code or Disposed of (D) Securities Form: Indirect Date Execution (Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct Beneficial (Month/ Date, if Owned (D) or Ownership Day/ any Following Indirect (Instr. 4) Year) (Month/ Reported (I) Day/ Trans- (Instr. 4) Year) actions(s) (Inst. 3 and 4) ----------------------------------------------------------------------------------------------------------------------------------- Code V Amount (A) or (D) Price ---- - ------ ---------- ----- ------------------------------------------------------------------------------------------------------------------------------------ ~~------------------------------------------------------------------------------------------------------------------------------------~~Axeda Common Stock 2/5/2003 F 1,300 A $0.40 15,583 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------

Note: Shares acquired pursuant to Company's Employee Stock Purchase Plan. 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. 3. 3A. 4. Transaction 5. Number of 6. Date Exercisable Security Conversion Transaction Deemed Code Derivative and Expiration (Instr. 3) or Date Execution (Instr. 8) Securities Date Exercise (Month/ Date, if Acquired (A) or (Month/Day/Year) Price of Day/Year) any Disposed of (D) Derivative (Month/ (Instr. 3, 4, Security Day/Year) and 5) ------------------------------------------------------------------------------------------------------------------------------------ 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~~ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------

7. Title and Amount 8. Price of 9. Number 10. Ownership 11. Nature of of Underlying Derivative of Form of Indirect Securities Security derivative Derivative Beneficial (Instr. 3 and 4) (Instr. 5) Securities Security: Ownership Beneficially Direct (D) (Instr. 4) Owned or Following Indirect (I) Reported (Instr. 4) Trans- action(s) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Title Amount or Number of Shares ------------------------------------------------------------------------------------------------------------------------------------ ~~Common Stock 40,000 $0.43 171,833 D~~ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------

Explanation of Responses: /s/ Ned E. Barlas 2-6-2003 -------------------------------------------- ----------------------- **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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