4 1 d50831_form4.txt FORM 4 ------------------------------ OMB APPROVAL ----------------------------- OMB Number Expires: Estimated average burden hours per response ....... ----------------------------- U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |_| Check 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* Granoff Gary C. -------------------------------------------------------------------------------- (Last) (First) (Middle) 747 Third Avenue -------------------------------------------------------------------------------- (Street) New York New York 10017 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Ameritrans Capital Corporation (AMTC) ________________________________________________________________________________ 3. IRS or Social Security Number of Reporting Person (Voluntary) ###-##-#### ________________________________________________________________________________ 4. Statement for Month/Year 5/02 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) |X| Director |X| 10% Owner |X| Officer (give title below) |_| Other (specify below) President ________________________________________________________________________________ 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 ================================================================================
6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of 2. Code ------------------------------- Owned at End (D) or Indirect 1. Transaction (Instr. 8) (A) of Month Indirect Beneficial Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock Par Value $.0001 16,900 I (1) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock Par Value $.0001 261 I (2) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock Par Value $.0001 5/24/02 J 1,800 A $6.15 211,542 D (3) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock Par Value $.0001 5/24/02 J 500 A $6.15 77,584 I (4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock Par Value $.0001 5/24/02 J 1,000 A $6.15 10,000 I (5) ------------------------------------------------------------------------------------------------------------------------------------ 9 3/8% Participating Preferred Stock 5/24/02 J 1,800 A $12 1,800 D (6) ------------------------------------------------------------------------------------------------------------------------------------ 9 3/8% Participating Preferred Stock 5/24/02 J 500 A $12 500 I (4) ------------------------------------------------------------------------------------------------------------------------------------ 9 3/8% Participating Preferred Stock 5/24/02 J 1,000 A $12 1,000 I (5) ====================================================================================================================================
*J = On May 24, 2002, the common stock, warrants, and preferred stock comprising the units began trading separately. The units had been comprised of one share of common stock, one share of 9 3/8% participating preferred stock, and one warrant exercisable into one share of Common Stock. This transaction is being reported to indicate the split of the units into these component parts. The price of the preferred stock represents its face value, and the price of both the common stock and warrants indicate their respective market price as of 5/24/02. FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
10. 9. Owner- Number ship of Form 2. Deriv- of Conver- 5. 7. ative Deriv- 11. sion Number of Title and Amount Secur- ative Nature or Derivative 6. of Underlying 8. ities Secur- of Exer- 4. Securities Date Securities Price Bene- ity: In- cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene- 1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Options Pre- Common (Right to Buy) $9.77 sently 1/11/04 Stock 30,000 30,000 D ------------------------------------------------------------------------------------------------------------------------------------ Pre- Common Warrants $6.70 5/24/02 J 1,800 sently 4/18/07 Stock 1,800 $1.38 1,800 D (6) ------------------------------------------------------------------------------------------------------------------------------------ Pre- Common Warrants $6.70 5/24/02 J 500 sently 4/18/07 Stock 500 $1.38 500 I (4) ------------------------------------------------------------------------------------------------------------------------------------ Pre- Common Warrants $6.70 5/24/02 J 1,000 sently 4/18/07 Stock 1,000 $1.38 1,000 I (5) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: (1) These shares are owned by Mr. Granoff and his father, mother and brother as trustee for the Granoff Family Foundation. (2) These shares are held by GCG Associates Inc., a corporation controlled by Mr. Granoff. (3) Does not include 29,933 shares owned directly and indirectly by Mr. Granoff's wife as to which he disclaims beneficial ownership. (4) These shares, preferred stock, and warrants are owned by DAPARY Management Corp., a corporation controlled by Mr. Granoff. (5) These shares, preferred stock, and warrants are owned by J&H Associates Ltd Pts, a partnership whose general partner is GCG Associates Inc., a corporation controlled by Mr. Granoff. (6) Does not include 1,000 shares of preferred stock and warrants owned directly by Mr. Granoff's wife as to which he disclaims beneficial ownership. *J = See transaction description in Table 1. /s/ Gary C. Granoff June 10, 2002 ------------------------------- ------------------- Gary C. Granoff 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 provided is insufficient, see Instruction 6 for procedure.