4 1 a2094175z4.htm FORM 4
    FORM 4
o Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

(Print or Type Responses)		   U.S. 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(h) of the Investment Company Act of 1940
 		   
1.   Name and Address of Reporting Person*   2.   Issuer Name and Ticker or Trading Symbol   6.   Relationship of Reporting Person(s) to Issuer
(Check all applicable)
    Kotler   K.   Kenneth       Fog Cutter Capital Group Inc. (FCCG)         X   Director            10% Owner
 
           
    (Last)   (First)   (Middle)   3.   I.R.S. Identification Number of Reporting Person, if an entity (voluntary)   4.   Statement for
Month/Day/Year		                Officer
        (give title below)		            Other
        (specify below)
    1410 SW Jefferson Street               11/02            
 
 
     
(Street)           5.   If Amendment, Date of Original (Month/Day/Year)   7.   Individual or Joint/Group Filing
(Check Applicable Line)
    X     Form filed by One Reporting Person
             Form filed by More than
    Portland   Oregon   97201                                   One Reporting Person
    (City)   (State)   (Zip)                            
                Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.   Title of Security
(Instr. 3)		   2.   Transaction Date   2A.   Deemed Execution Date, if any   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)
            (Month/Day/Year)   (Month/Day/Year)  
                       
                            Code   V       Amount   (A) or (D)   Price                        
    Common Stock       11/12/02               X           5,000   A   $2.25       5,000       D        
                                                                         
                                                                         
                                                                         
                                                                         
                                                                         
                                                                         

*    If the form is filed by more than one Reporting Person, see Instruction 4(b)(v).

Remember:    Report on a separate line for each class of securities beneficially owned directly or indirectly.

FORM 4 (Continued)   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)
                               
 
                                    Code   V       (A)   (D)       Date
Exercisable		   Expiration Date
    Option (right to buy)(1)       $2.25       11/12/02               X               5,000            
    Option (right to buy)(4)       $2.70       12/31/01               A           1,500           12/31/02(2)   12/31/11
    Option (right to buy)(4)       $2.59       03/31/02               A           1,500           03/31/03(2)   03/31/12
    Option (right to buy)(4)       $3.47       06/28/02               A           1,500           06/28/03(2)   06/28/12
    Allocated shares held in trust (4)       $0.00       9/30/02               A           25,000           09/30/07(3)   09/30/07
    Option (right to buy)(4)       $3.33       9/30/02               A           1,500           09/30/03(2)   09/30/12
                                                                 
                                                                 
                                                                 
                                                                 
                                                                 
7.   Title and Amount of Underlying Securities
(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 of Derivative Securities: Direct (D) or Indirect (I) (Instr. 4)   11.   Nature of Indirect Beneficial Ownership
(Instr. 4)
   
                               
    Title   Amount or Number of Shares                                
    Common Stock   5,000               0                
    Common Stock   1,500       $0.00       1,500       D        
    Common Stock   1,500       $0.00       1,500       D        
    Common Stock   1,500       $0.00       1,500       D        
    Common Stock   25,000       $0.00       25,000       D        
    Common Stock   1,500       $0.00       1,500       D        
                                         
                                         
                                         
                                         
                                         
(1)
On November 12, 2002, Mr. Kotler exercised options to purchase 5,000 shares of Common Stock at an exercise price of $2.25 per share.
(2)
Vest 1/3 per year.
(3)
Vests in five years.
(4)
Transaction was previously reported but is reported again in order to correct certain information.

/s/ K. Kenneth Kotler   November 18, 2002
**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:
 
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