U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4/A 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* Ultimate Holdings, Ltd., a Bermuda limited company _______________________________________________________________________________ (Last) (First) (Middle) 13 Parliament St. Hamilton _______________________________________________________________________________ (Street) HM 12 Bermuda _______________________________________________________________________________ (City) (State) (Zip) _______________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol GenesisIntermedia, Inc. GENI _______________________________________________________________________________ 3. IRS Identification Number of Reporting Person,if an Entity (Voluntary) _______________________________________________________________________________ 4. Statement for Month/Year _______________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) 05/01 _______________________________________________________________________________ 6. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [X] 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 ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Transaction 3.Transaction 4. Securities Acquired(A) 5. Amount of 6. Ownership 7. Nature (Instr. 3) Date Code or Disposed of (D) Securities Form: of (Month/Date/ (Instr.8) (Instr. 3,4 and 5) Beneficially Direct(D) Indirect Year) A Owned at End or Beneficially or of Month Indirect(I) Ownership Code V Amount D Price (Instr. 3 and 4) (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 05/01/01 P 72,700 A $11.3100 D Common Stock 05/02/01 P 1,900 A $11.4658 D Common Stock 05/03/01 P 4,459 A $11.4980 D Common Stock 05/04/01 P 1,400 A $11.4100 D Common Stock 05/08/01 P 2,200 A $11.5550 D Common Stock 05/11/01 P 28,500 A $14.5600 D Common Stock 05/23/01 P 230,727 A $16.5570 D Common Stock 05/24/01 P 1,200 A $16.7600 D Common Stock 05/25/01 P 142,700 A $16.7600 D Common Stock 05/29/01 P 48,200 A $16.7600 D Common Stock 05/30/01 P 74,900 A $16.7600 D Common Stock 05/31/01 P 34,500 A $16.7600 9,414,338 D * If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Form 4 (continued) Table II (PART 1) Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 2. Conversion 3. Transaction 4.Transaction 5. Number of Derivative 6. Date Exercisable and Security or Exercise Date Code Securities Acquired (A) Expiration Date (Instr. 3) Price of (Month/Day/ (Instr. 8) or Disposed of (D) (Month/Date/Year) Derivative Year) (Instr. 3,4 and 5) Date Expiration Security Code V A D Exercisable Date ------------------------------------------------------------------------------------------------------------------------------------ Table II (PART 2) Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of 3. Transaction 7. Title and Amount 8. Price 9. Number of 10. Ownership Form of 11. Nature of Derivative Date of Underlying of Derivative Derivative Derivative Indirect Security (Month/Day/Year) Securities Security Securities Security: Beneficial (Instr. 3) (Instr. 3 and 4) (Instr. 5) Beneficially Direct (D) or Ownership Amount or Number Owned at End of Indirect (I) (Instr. 4) Title of Shares Month (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Explanation of Responses: Colette Johnston is the Company Administrator of Ultimate Holdings, Ltd. This amendment is being filed to correct the total amount reported for shares beneficially owned by Ultimate Holdings, Ltd. in column 5 of Table I. The aggregate amount of shares beneficially owned by the Reporting Person as of May 31, 2001 was 9,414,338. The aggregate reported total of 9,414,338 is 285,659 shares less than the total that was reported in Reporting Person's Form 4 filed on May 2, 2001 for April 2001 because the total for that month was incorrect. The totals reported for the months September 2000 through March 2001 were also incorrect due to errors in calculating totals for reported purchases and sales. The reported purchases and sales for each of these months was, however, correct. The correct totals for the months, adjusted to reflect the 3 for 1 stock split effective March 21, 2001, should have been: Month Total September 2000 5,153,610 October 2000 6,023,610 November 2000 6,353,610 December 2000 7,332,939 January 2001 7,803,939 February 2001 8,186,889 March 2001 8,585,224 April 2001 8,770,952 May 2001 9,414,338 The purchases and sales reported in each of those months were correct, so no amendments to those reported transactions is necessary. /s/ Colette Johnston July 2, 2001 ________________________________ ______________________ **Signature of Reporting Person Date **International 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. 2