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) Thatcher, Keith D. 6300 Bridgepoint Parkway Building Three, Suite 200 Austin, TX 78730 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 12/00 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Sr.VP, Chief Financial Officer 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- 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 ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 05/01/00 J 500 A $4.8875 6,570 D Direct Common Stock 1,900 I by Spouse Table II (PART 1) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1 through 6) ------------------------------------------------------------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Stock Option $1.9375 (1) 09/29/08 (right to buy) Non-Qualified Stock Option $2.5800 (2) 09/27/06 (right to buy) Non-Qualified Stock Option $3.8750 (3) 02/09/09 (right to buy) Non-Qualified Stock Option $9.6250 05/31/00 A 25,000 (4) 05/31/10 (right to buy) Table II (PART 2) Derivative Securitites Acquired, Disposed of, or Beneficially Owned (Columns 1,3 and 7 through 11) ------------------------------------------------------------------------------------------------------------------------------------ 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 ------------------------------------------------------------------------------------------------------------------------------------ Non-Qualified Stock Option Common Stock 52,000 52,000 D Direct (right to buy) Non-Qualified Stock Option Common Stock 7,385 7,385 D Direct (right to buy) Non-Qualified Stock Option Common Stock 11,139 11,139 D Direct (right to buy) Non-Qualified Stock Option 05/31/00 Common Stock 25,000 25,000 D Direct (right to buy) [FN] Explanation of Responses: - (1) Option to purchase 24,000 shares is currently exerciseable. Option to purchase 24,000 shares becomes exercisable in two (2)equal installments commencing on September 29, 2001. Option to purchase an additional 4,000 shares becomes exercisable on September 29, 2005. (2) Option to purchase 7,385 shares is currently exercisable. (3) Option to purchase 5,569 shares is currently exercisable. Option to purchase 5,570 shares becomes exercisable in two (2) equal annual installments commencing on February 9, 2002. (4) Option to purchase 25,000 shares becomes exercisable in four (4) equal annual installments commencing on May 31, 2001. SIGNATURE OF REPORTING PERSON /S/ Thatcher, Keith D. DATE: 01/08/01