SEC Filings Section 16 Filings Only
 
PFSWEB INC filed this 8-K on 06/14/2000.
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                                TABLE OF CONTENTS




Section                                                                                               Page
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Section 1.  Certain Definitions..........................................................................1

Section 2.  Appointment of Rights Agent..................................................................6

Section 3.  Issue of Right Certificates..................................................................6

Section 4.  Form of Right Certificates...................................................................8

Section 5.  Countersignature and Registration............................................................9

Section 6.  Transfer, Split Up, Combination and Exchange of Right
                 Certificates; Mutilated, Destroyed, Lost or Stolen Right
                 Certificates............................................................................9

Section 7.  Exercise of Rights; Purchase Price; Expiration Date of
                 Rights.................................................................................10

Section 8.  Cancellation and Destruction of Right Certificates..........................................12

Section 9.  Reservation and Availability of Series A Preferred
                 Shares; Registration...................................................................12

Section 10.  Series A Preferred Shares Record Date......................................................14

Section 11.  Adjustment of Purchase Price, Number and Kind of
                 Shares or Number of Rights.............................................................14

Section 12.  Certificate of Adjusted Purchase Price or Number of
                 Shares.................................................................................21

Section 13.  Consolidation, Merger or Sale or Transfer of Assets or
                 Earning Power..........................................................................22

Section 14.  Fractional Rights and Fractional Shares....................................................24

Section 15.  Rights of Action...........................................................................25

Section 16.  Agreement of Right Holders.................................................................25

Section 17.  Right Certificate Holder Not Deemed a Stock................................................26

Section 18.  Concerning the Rights Agent................................................................26



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