SEC FORM 4

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

PERLMUTTER ISAAC

(Last)

(First)

(Middle)

P.O. Box 1028

(Street)

Lake Worth

33460

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MARVEL ENTERPRISES INC [ MVL ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	See Exhibit 99.1 attached

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2003

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

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/10/2003		M		20,000	A	$6.25	460,708	D
Common Stock	09/10/2003		M		10,000	A	$2.5	470,708	D⁽¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy) ⁽²⁾	$6.25	09/10/2003		M			20,000	⁽³⁾	11/11/2003	Common Stock	20,000	$6.25	0⁽¹⁾	D
Stock Option (right to buy) ⁽²⁾	$2.5	09/10/2003		M			10,000	⁽⁴⁾	01/15/2011	Common Stock	10,000	$2.5	0⁽¹⁾	D

1. Name and Address of Reporting Person^*

PERLMUTTER ISAAC

(Last)

(First)

(Middle)

P.O. Box 1028

(Street)

Lake Worth

33460

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	See Exhibit 99.1 attached

1. Name and Address of Reporting Person^*

OBJECT TRADING CORP

(Last)

(First)

(Middle)

10 EAST 40TH STREET

(Street)

NEW YORK

10016

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Because Mr. Perlmutter did not dispose of any of the shares of Common Stock of the Issuer ("Common Stock") acquired by him in the transactions reported on this Form 4, the number of shares of Common Stock beneficially owned by Mr. Perlmutter did not change as a result of these transactions. Mr. Perlmutter beneficially owns 21,692,941 shares of Common Stock. This figure includes (i) 8,553,309 shares of Common Stock underlying options and warrants and (ii) 13,139,632 outstanding shares of Common Stock, including the 470,708 shares of Common Stock listed in Column 5 of Table I. See Exhibit 99.2 for details.

2. Granted pursuant to Issuer???s 1998 Stock Incentive Plan as compensation for serving as a director of Issuer.

3. The option vested in three equal annual installments beginning on November 11, 1998 and became fully vested on November 11, 2000.

4. The option became fully vested on January 15, 2001.

Remarks:

	Benjamin Dean, attorney-in-fact & authorized person	09/12/2003
	** 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 4 (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).
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