DIONNE DORICE - 3 filing on 2003-08-21

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

DIONNE DORICE

(Last)

(First)

(Middle)

1457 VFW PARKWAY

(Street)

WEST ROXBURY

02132

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/11/2003

3. Issuer Name and Ticker or Trading Symbol
IPARTY CORP [ IPT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
Senior VP, Merch. & Marketing

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common stock	145,000	D⁽¹⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (right to buy)	09/15/1998⁽²⁾	09/14/2008	Common stock	25,000	1.81	I	See footnote⁽³⁾
Stock option (right to buy)	09/15/1998⁽²⁾	09/14/2008	Common stock	25,000	1.43	I	See footnote⁽³⁾
Stock Option (right to buy)	01/19/1999⁽²⁾	01/18/2009	Common stock	25,000	5.38	I	See footnote⁽³⁾
Stock Option (right to buy)	⁽⁴⁾	03/29/2009	Common Stock	337,500	3.75	I	See footnote⁽³⁾
Stock Option (right to buy)	⁽⁵⁾	08/25/2009	Common stock	434,730	2	I	See footnote⁽³⁾
Stock Option (right to buy)	⁽⁶⁾	06/15/2010	Common stock	464,260	0.69	I	See footnote⁽³⁾
Stock Option (right to buy)	⁽⁷⁾	03/08/2011	Common stock	1,478,772	0.25	I	See footnote⁽³⁾
Stock Option (right to buy)	⁽⁸⁾	05/02/2012	Common stock	201,613	0.31	I	See footnote⁽³⁾
Stock Option (right to buy)	⁽⁹⁾	03/29/2009	Common stock	337,500	3.75	D
Stock Option (right to buy)	⁽¹⁰⁾	06/15/2010	Common stock	299,245	0.69	D
Stock Option (right to buy)	⁽¹¹⁾	03/09/2011	Common stock	913,400	0.25	D
Stock Option (right to buy)	⁽¹²⁾	05/02/2012	Common stock	120,968	0.31	D

Explanation of Responses:

1. Jointly owned with spouse, Sal Perisano, Chief Executive Officer at iParty Corp.

2. Immediate vesting.

3. Owned by spouse, Sal Perisano, Chief Executive Officer at iParty Corp.

4. This Stock Option vests as follows: options with respect to 112,500 shares of common stock vested on 3/29/2000 and 1/24th of the remaining options with respect to 225,000 shares of common stock vest each month beginning 4/29/2000 for a period of 24 months.

5. This Stock Option vests as follows: Options with respect to 144,910 shares of common stock vested on 8/25/2000 and 1/24th of the remaining options with respect to 289,820 shares of common stock vest each month beginning 9/25/2000 for a period of 24 months.

6. This Stock Option vests as follows: Options with respect to 116,065 shares of common stock vested on 6/16/2001 and 1/36th of the remaining options with respect to 348,195 shares of common stock vest each month beginning 7/16/2001 for a period of 36 months.

7. This Stock Option vests as follows: Options with respect to 92,423; 92,423; 92,423; and 92,424 shares of common stock vested on 6/8/2001, 9/8/2001, 12/8/2001, and 3/8/2002, respectively, and 1/36th of the remaining options with respect to 1,109,079 shares of common stock vest each month beginning 4/8/2002 for a period of 36 months.

8. This Stock Option vests as follows: Options with respect to 100,806.50 shares of common stock vest on 5/2/2003 and 1/12th of the remaining options with respect to 100,806.5 shares of common stock vest each month beginning 6/2/2003 for a period of 12 months.

9. This Stock Option vests as follows: options with respect to 112,500 shares of common stock vested on 3/30/2000 and 1/24th of the remaining options with respect to 225,000 shares of common stock vest each month beginning 4/30/2000 for a period of 24 months.

10. This Stock Option vests as follows: Options with respect to 74,811 shares of common stock vest on 6/16/2001 and 1/36th of the remaining options with respect to 224,434 shares of common stock vest each month beginning 7/16/2001 for a period of 36 months.

11. This Stock Option vests as follows: Options with respect to 57,090; 57,090; 57,090; and 57,090 shares of common stock vested on 6/8/2001, 9/8/2001, 12/8/2001, and 3/8/2002, respectively, and 1/36th of the remaining options with respect to 685,040 shares of common stock vest each month beginning 4/8/2002 for a period of 36 months.

12. This Stock Option vests as follows: Options with respect to 60,484 shares of common stock vest on 5/2/2003 and 1/12th of the remaining options with respect to 60,484 shares of common stock vest each month beginning 6/2/2003 for a period of 12 months.

	/s/ Dorice Dionne	08/21/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional 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 is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.