4 1 file001.txt FORM 4 FORM 4 _________________________________ | OMB APPROVAL | [ ] Check this box if no longer subject _________________________________ to Section 16. Form 4 or Form 5 | OMB Number: 3235-0287 | obligations may continue. See | Expires: January 31, 2005 | Instruction 1(b). | Estimated average burden | | hours per response.....0.5 | _________________________________ 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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 (Print or Type Responses) ------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Kaplan Thomas S. ----------------------------------------------------- (Last) (First) (Middle) 154 West 18th Street ----------------------------------------------------- (Street) New York NY 10011 ----------------------------------------------------- (City) (State) (Zip) ------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol APEX SILVER MINES LTD. (SIL) ------------------------------------------------------------------------------- 3. IRS Identification Number of Reporting Person, if an entity (voluntary) ------------------------------------------------------------------------------- 4. Statement for Month/Day/Year October 30, 2002 ------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Day/Year) ------------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [ ] 10% Owner [ ] Officer (give title below) [ ] Other (specify title below) -------------------------------------------------- ------------------------------------------------------------------------------- 7. 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 ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ------------------------------------------------------------------------------------------------------------------------------------ 5. Amount of Securities 6. Owner- Beneficially ship 2. Trans- 3. Trans- 4. Securities Acquired (A) Owned Form: action 2A. Deemed action or Disposed of (D) Following Direct 7. Nature of Date Execution Code (Instr. 3, 4 and 5) Reported (D) or Indirect 1. Title of Security (Month/ Date, if any (Instr. 8) -------------------------- Transaction(s) Indirect Beneficial (Instr. 3) Day/ (Month/Day/ ---------- Amount (A) or Price (Instr. (I) Ownership Year) Year) Code V (D) 3 and 4) (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Ordinary Stock, par value $0.01 per share ("Shares") 10/30/02 J 108,249 D(4) I (1) ------------------------------------------------------------------------------------------------------------------------------------ Ordinary Stock 10/30/02 G V 1,665,000 D(5) I (2) ------------------------------------------------------------------------------------------------------------------------------------ Ordinary Stock 10/30/02 G V 80,000 D(6) I (1) ------------------------------------------------------------------------------------------------------------------------------------ 3,126,670 I (3) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ 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). POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT (Over) REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER. SEC 1474 (9-02)
FORM 4 (CONTINUED)
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------------------------ 1. 2. 3. 3A. 4. 5. 6. 7. 8. 9. 10. 11. ------------------------------------------------------------------------------------------------------------------------------------ Title and Ownership Number of Date Exer- Amount of Number of Form of Derivative cisable and Underlying Derivative Deriv- Securities Expiration Securities Price Securities ative Conver- Trans- Acquired (A) Date (Month/ (Instr. 3 of Benefi- Security: sion or Trans- Deemed action or Disposed Day/Year) and 4) Deriv- cially Direct Exercise action Execution Code of (D) ------------- ------------- ative Owned (D) or Nature of Title of Price of Date Date, if (Instr. (Instr. 3, Date Amount Secur- Following Indirect Indirect Derivative Deriv- (Month/ any 8) 4 and 5) Exer- Expir- or Num- ity Reported (I) Beneficial Security ative Day/ (Month/ -------- ---------- cis- ation ber of (Instr. Transaction(s) (Instr. Ownership (Instr. 3) Security Year) Day/Year) Code V (A) (D) able Date Title Shares 5) (Instr. 4) 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: (1) The Shares are held by Argentum, LLC, which pursuant to a voting trust agreement the Reporting Person has voting and dispositive control with respect to the Shares. (2) The Shares are held by Consolidated Commodities, Ltd., which pursuant to a voting trust agreement the Reporting Person has voting and dispositive control with respect to the Shares. (3) The Shares are held by Argentum, LLC and Consolidated Commodities, Ltd., which pursuant to voting trust agreements the Reporting Person has voting and dispositive control with respect to the Shares. (4) Represents an exchange on behalf of the Reporting Person's spouse, of Shares held by Argentum, LLC for a shareholder's 2.75% interest in Consolidated Commodities, Ltd., which company's sole asset is Shares, for an amount of Shares equal to 2.75% of the Shares held by Consolidated Commodities, Ltd. (5) Represents a gift made by Consolidated Commodities, Ltd., to the D. Recanati Irrevocable Trust. (6) Represents a gift made by Consolidated Commodities, Ltd., to a charitable foundation. /s/ Thomas S. Kaplan 11/1/02 ---------------------------------------- -------------------- ** Signature of Reporting Person Date ** 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. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.