SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933 ATTENTION: Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker. ------------------------------------------------------------------------------------------------------------------------------------ 1(a) NAME OF ISSUER (Please type or print) (b) IRS IDENT. NO. (c) S.E.C. FILE NO. Warp Technology Holdings, Inc. 88-0467845 000-33197 ------------------------------------------------------------------------------------------------------------------------------------ 1(d) ADDRESS OF ISSUER STREET CITY STATE ZIP CODE (e) TELEPHONE NO. 535 West 34th Street, 5th floor NY NY 10001 AREA 212 NUMBER 962-9277 CODE ------------------------------------------------------------------------------------------------------------------------------------ 2(a) NAME OF PERSON FOR WHOSE ACCOUNT THE (b) IRS IDENT. NO. (c) RELATIONSHIP TO (d) ADDRESS STREET CITY STATE ZIP CODE SECURITIES ARE TO BE SOLD ISSUER Morgan Stanley Institutional Fund, Inc. 13-3902170 None 1221 Avenue of the Americas Technology Portfolio New York, NY 10020 ------------------------------------------------------------------------------------------------------------------------------------ INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number. ------------------------------------------------------------------------------------------------------------------------------------ 3(a) (b) SEC USE ONLY (c) (d) (e) (f) (g) Name And Address Of Each Broker Through Whom The Number of Number Of Securities Are To Shares Or Aggregate Shares Or Approximate Name Of Each Title of The Be Offered Or Each Other Units Market Other Units Date Of Sale Securities Class Of Market Maker Who Is To Be Sold Value Outstanding See Instr. Exchange Securities Acquiring The Broker-Dealer (See Instr. (See Instr. (See Instr. 3(f)) (See Instr. To Be Sold Securities File Number 3(c)) 3(d)) 3(e)) (MO. DAY YR.) 3(g)) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock Jefferies & 34,580 $3,087.12 73,862,586 05/21/04 Company, Inc. 11100 Santa Monica Blvd., 11th fl ------------------------------------------------------------------------------------------------------------------------------------ Los Angeles, CA 90025 ------------------------------------------------------------------------------------------------------------------------------------ INSTRUCTIONS: 1. (a) Name of issuer. (d) Issuer's address, including zip code. (b) Issuer's I.R.S. Identification Number. (e) Issuer's telephone number, including area code. (c) Issuer's S.E.C. file number, if any. 2. (a) Name of person for whose account the securities are to be sold. (b) Such person's I.R.S. identification number, if such person is an entity. (c) Such person's relationship to the issuer (e.g., officer, director, 10 percent stockholder, or member of immediate family of any of the foregoing). (d) Such person's address, including zip code 3. (a) Title of the class of securities to be sold. (b) Name and address of each broker through whom the securities are intended to be sold. (c) Number of shares or other units to be sold (if debt securities, give the aggregate face amount). (d) Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice. (e) Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer. (f) Approximate date on which the securities are to be sold. (g) Name of each securities exchange, if any, on which the securities are intended to be sold. TABLE I -- SECURITIES TO BE SOLD Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor: Name Of Person Title Of From Whom Acquired Amount Of Date You Nature Of (If Gift, Also Give Date of The Class Acquired Acquisition Transaction Date Donor Acquired) Securities Acquired Payment Nature Of Payment ------------ -------- ----------------------- ----------------------------- ------------------- ------- ------------------ Common Stock 5/24/02 Private Offering Warp Technology Holdings,Inc. 370,206 5/24/02 Securities -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- INSTRUCTIONS: 1. If the securities were purchased and full payment therefor 2. If within two years after the acquisition of the securities was not made in cash at the time of purchase, explain in the the person for whose account they are to be sold had any table or in a note thereto the nature of the consideration short positions, put or other option to dispose of given. If the consideration consisted of any note or other securities referred to in paragraph (d)(3) of Rule 144, obligation, or if payment was made in installments describe furnish full information with respect thereto. the arrangement and state when the note or other obligation was discharged in full or the last installment paid. TABLE II -- SECURITIES SOLD DURING THE PAST THREE MONTHS Furnish the following information as to all securities of the issuer sold during the past three months by the person for whose account the securities are to be sold. Name And Address Of Seller Title Of Securities Sold Date Of Sale Amount Of Securities Sold Gross Proceeds -------------------------- ------------------------ ------------ ------------------------- -------------- Morgan Stanley SICAV US Small Cap Growth 5, rue Plaetis L-2338 Luxembourg Warp Technology Holdings, Inc. 2/25/04 7,015 $ 1,450.84 Grand Duchy of Luxembourg Morgan Stanley Investment Management Small Company Growth Trust 1221 Avenue of the Americas New York, NY 10020 Warp Technology Holdings, Inc. 2/25/04 29,976 $ 6,196.96 Morgan Stanley Institutional Fund, Inc. Small Company Growth Portfolio 1221 Avenue of the Americas New York, NY 10020 Warp Technology Holdings, Inc. 2/25/04 2,929 $ 604.52 Morgan Stanley Institutional Fund, Inc. Warp Technology Holdings, Inc. 2/25/04 82,100 $ 18,127.68 Technology Portfolio Warp Technology Holdings, Inc. 2/26/04 20,000 $ 4,400 1221 Avenue of the Americas Warp Technology Holdings, Inc. 3/2/04 5,000 $ 1,250 New York, NY 10020 Warp Technology Holdings, Inc. 3/4/04 12,000 $ 3,000 Warp Technology Holdings, Inc. 3/8/04 5,000 $ 1,150 Warp Technology Holdings, Inc. 3/10/04 4,000 $ 880 Warp Technology Holdings, Inc. 3/11/04 65,000 $ 13,150 Warp Technology Holdings, Inc. 4/20/04 25,000 $ 3,750 Warp Technology Holdings, Inc. 4/22/04 75,000 $ 8,250 Warp Technology Holdings, Inc. 4/23/04 110,000 $ 14,400 Warp Technology Holdings, Inc. 4/26/04 135,000 $ 20,046.49 Warp Technology Holdings, Inc. 5/18/04 100,000 $ 8,100 Warp Technology Holdings, Inc. 5/20/04 10,000 $ 974.97 REMARKS: INSTRUCTIONS: ATTENTION: See the definition of "person" in paragraph (a) of Rule 144. The person for whose account the securities to which this Information is to be given not only as to the person for notice relates are to be sold hereby represents by signing whose account the securities are to be sold but also as to this notice that he does not know any material adverse all other persons included in that definition. In addition, information in regard to the current and prospective information shall be given as to sales by all persons whose operations of the Issuer of the securities to be sold which sales are required by paragraph (e) of Rule 144 to be has not been publicly disclosed. aggregated with sales for the account of the person filing this notice. 5/21/04 /s/Sheldon Winicour -------------------------------- --------------------------------------- (DATE OF NOTICE) (SIGNATURE) The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed. Any copies not manually signed shall bear typed or printed signatures. ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001.) Morgan Stanley Institutional Fund, Inc. Technology Portfolio 1221 Avenue of the Americas New York, NY 10020 May 21, 2004 VIA edgar United States Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Re: Warp Technology Holdings, Inc. Ladies and Gentlemen: On behalf of Morgan Stanley Institutional Fund, Inc. Technology Portfolio, we are filing a copy of Form 144, Notice of Proposed Sale of Securities Pursuant to Rule 144 under the Securities Act of 1933. If you have any questions or comments, please do not hesitate to contact me at (212)762-5206. Thank you for you assistance in this matter. Sincerely, /s/Sheldon Winicour ------------------- Sheldon Winicour Assistant Secretary Enclosures