Form 5 Page 1 of 2
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------ OMB APPROVAL
FORM 5 ----------------------------
------ OMB Number: 3235-0362
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Expires: January 31, 2005
[ ] Check box if no longer subject to ----------------------------
Section 16. Form 4 or Form 5 obligations Estimated average burden
may continue. See Instruction 1(b). hours per response.....1.0
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[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL 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
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol
Bell Martin A. News Communications, Inc. (NCOM)
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(Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for
Number of Reporting Month/Year
Person, if an entity
44 Wall Street (Voluntary) December 2002
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(Street) 5. If Amendment,
Date of Original
(Month/Year)
New York New York 10005
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(City) (State) (Zip)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
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Officer (give Other (specify
-------- title below) ------- below)
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7. Individual or Joint/Group Reporting
(check applicable line)
X Form Filed by One Reporting Person
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Form Filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A)
(Instr. 3) action action or Disposed of (D)
Date Code (Instr. 3, 4 and 5)
(Month/ (Instr. 8)
Day/ ---------------------------------------
Year) Amount (A) or Price
(D)
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5. Amount of 6. Ownership 7. Nature of
Securities Form: Direct (D) Indirect
Beneficially or Indirect (I) Beneficial
Owned at the (Instr. 4) Ownership
end of Issuer's (Instr. 4)
Fiscal Year
(Instr. 3 and 4)
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*If the form is filed by more than one reporting person, see
instruction 4(b)(v).
Form 5 Page 2 of 2
Table II - Derivative Securities Acquired, Disposed of, or
Beneficially Owned (e.g., puts, calls, warrants,
options, convertible securities)
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1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of 6. Date Exercisable
Security sion or action tion Code Derivative and Expiration Date
(Instr. 3) Exercise Date (Instr. 8) Securities (Month/Day/Year)
Price of (Month/ Acquired (A)
Derivative Day/ or Disposed of
Security Year) (D)
(Instr. 3, 4 and 5)
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(A) (D) Date Expi-
Exercis- ration
able Date
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Director Stock Option
(right to buy) $0.79 8/17/02 A 3,333 8/17/02 8/17/07
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7. Title and Amount of 8. Price of 9. Number of 10. Ownership 11. Nature
Underlying Securities Derivative Derivative of Derivative of Indirect
(Instr. 3 and 4) Security Securities Security: Beneficial
(Instr. 5) Beneficially Direct (D) Ownership
Owned at or Indirect (Instr. 4)
End of (I)
Year (Instr. 4)
(Instr. 4)
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Title Amount or
Number of
Shares
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common
stock 3,333 13,332 D
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Explanation of Responses:
/s/ Martin A. Bell 2/14/03
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** Signature of Reporting Person Date
Martin A. Bell
**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.