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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 P+EEXFapGApWsB2QCGQnSFcxdY/7hW5U4P4Cb8dEfGTL56zfbmYw8hFKnBcbXK4i
 PDS5XR4LOhCMWq5c3TQwew==

<SEC-DOCUMENT>0001013762-09-001118.txt : 20090617
<SEC-HEADER>0001013762-09-001118.hdr.sgml : 20090617
<ACCEPTANCE-DATETIME>20090617162346
ACCESSION NUMBER:		0001013762-09-001118
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090617
FILED AS OF DATE:		20090617
DATE AS OF CHANGE:		20090617

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Reade Deane K Jr
		CENTRAL INDEX KEY:			0001338007

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34208
		FILM NUMBER:		09896785

	MAIL ADDRESS:	
		STREET 1:		605 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10158

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EMERGENT GROUP INC/NY
		CENTRAL INDEX KEY:			0001021097
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MISC DURABLE GOODS [5090]
		IRS NUMBER:				931215401
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		10939 PENDLETON STREET
		CITY:			SUN VALLEY
		STATE:			CA
		ZIP:			91352
		BUSINESS PHONE:		818-394-2800

	MAIL ADDRESS:	
		STREET 1:		10939 PENDLETON STREET
		CITY:			SUN VALLEY
		STATE:			CA
		ZIP:			91352

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DYNAMIC INTERNATIONAL LTD
		DATE OF NAME CHANGE:	19960815
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4reade_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-06-17</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001021097</issuerCik>
        <issuerName>EMERGENT GROUP INC/NY</issuerName>
        <issuerTradingSymbol>LZR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001338007</rptOwnerCik>
            <rptOwnerName>Reade Deane K Jr</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>605 THIRD AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>399 EAST 72ND.STREET</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10021</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-06-17</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>10000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>8.7142</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>69794</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>/s/ K. Deane Reade, Jr.</signatureName>
        <signatureDate>2009-06-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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