Form 5
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue.
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
1. Name and Address of Reporting Person(s)
Kurtzman, Kevin B.
Pencom Systems, Inc.
40 Fulton Street
28th Floor
New York, NY 10038
2. Issuer Name and Ticker or Trading Symbol
Concero Inc. (CERO)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Statement for Month/Year
12/01
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[X] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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
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1)Title of Security 2)Trans- 3.Trans- 4.Securities Acquired(A) 5)Amount of 6) 7)Nature of
action action or Disposed of (D) Securities Indirect
Date Code A Beneficially D Beneficial
(Month/ or Owned at or Ownership
Day/Year) Code Amount D Price End of Year I
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Table II (PART 1) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6)
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1)Title of Derivative 2)Conversion 3)Trans- 4)Trans- 5)Number of Derivative 6)Date Exercisable and
Security or Exercise action action Securities Acquired (A) Expiration Date
Price of Date Code or Disposed of (D)
Derivative
Security Code A D Exercisable Expiration
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(right to buy)
Non-Qualified Stock Option $1.4600 05/23/01 A 4,000 (2) 05/23/11
(right to buy)
Non-Qualified Stock Option $1.9300 01/02/01 A 7,772 (3) 01/02/11
(right to buy)
Non-Qualified Stock Option $2.6250 (4) 01/04/09
(right to buy)
Non-Qualified Stock Option $3.5000 (4) 05/17/09
(right to buy)
Non-Qualified Stock Option $6.2600 (4) 12/06/06
(right to buy)
Non-Qualified Stock Option $15.9840 (4) 05/17/10
(right to buy)
Non-Qualified Stock Option $20.0000 (4) 01/03/10
(right to buy)
Table II (PART 2) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11)
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1)Title of Derivative 3)Trans- 7)Title and Amount 8)Price 9)Number of 10) 11)Nature of
Security action of Underlying of Deri- Derivative Indirect
Date Securities vative Securities D Beneficial
Amount or Security Beneficially or Ownership
Number of Owned at I
- Title Shares End of Year
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Non-Qualified Stock Option 05/23/01 Common Stock 20,000 D Direct
(right to buy)
Non-Qualified Stock Option 05/23/01 Common Stock 4,000 24,000 D Direct
(right to buy)
Non-Qualified Stock Option 01/02/01 Common Stock 7,772 7,772 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 17,857 17,857 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 4,000 4,000 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 21,538 21,538 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 4,000 4,000 D Direct
(right to buy)
Non-Qualified Stock Option Common Stock 1,674 1,674 D Direct
(right to buy)
Explanation of Responses:
(1) The option to purchase 4,000 shares becomes exercisable on May 23, 2002.
(2) The option to purchase 20,000 shares become exercisable in four (4) equal annual installments beginning on 05/23/02.
(3) 7,125 options are currently exercisable. The remaining 647 options become exercisable on 1/2/02.
(4) All options are currently exercisable.
SIGNATURE OF REPORTING PERSON
/S/ Kurtzman, Kevin B.
DATE: February 11, 2002