UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Varner, Deanne
4100 St. John's Drive
Dallas, TX 75205
USA
2. Issuer Name and Ticker or Trading Symbol
Mannatech, Incorporated
MTEX
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
06/04/2001
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner ( ) Officer (give title below) (X) Other
(specify below)
Former Officer - General Counsel who resigned 5/10/01
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) 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. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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Stock Option (Right to|$1.75 |05/10|A | |42,500 |A |05/10|05/10|Common Stock|42,500 |$1.75 |74,074 |D | |
buy) | |/2001| | | | |/2001|/2011|, par value | | | | | |
| | | | | | | | |$0.0001 per | | | | | |
| | | | | | | | |share | | | | | |
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Stock Option (Right to|$2.00 |05/10|A | |37,500 |A |05/10|05/10|Common Stock|37,500 |$2.00 | |D | |
buy) | |/2001| | | | |/2001|/2011|, par value | | | | | |
| | | | | | | | |$0.0001 per | | | | | |
| | | | | | | | |share | | | | | |
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Stock Option (Right to|$2.25 |05/10|A | |33,333 |A |05/10|05/10|Common Stock|33,333 |$2.25 | |D | |
buy) | |/2001| | | | |/2001|/2011|, par value | | | | | |
| | | | | | | | |$0.0001 per | | | | | |
| | | | | | | | |share | | | | | |
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Stock Option (Right to|$4.00 |05/10|A | |50,000 |A |05/10|05/10|Common Stock|50,000 |$4.00 | |D | |
buy) | |/2001| | | | |/2001|/2011|, par value | | | | | |
| | | | | | | | |$0.0001 per | | | | | |
| | | | | | | | |share | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
SIGNATURE OF REPORTING PERSON
/s/ Deanne Varner
DATE
06/04/2001
