-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BwunBC1lvbVDyLjWW6IHe9eQ/xxJHWZHr5rKSb/1u2fgUgsnzgajZQuHOp1qymQB UIikQGUCUIcZlaUL5QvbRw== 0000351903-02-000032.txt : 20020812 0000351903-02-000032.hdr.sgml : 20020812 20020812163704 ACCESSION NUMBER: 0000351903-02-000032 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020731 FILED AS OF DATE: 20020812 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: J NET ENTERPRISES INC CENTRAL INDEX KEY: 0000351903 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 880169922 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-09728 FILM NUMBER: 02727184 BUSINESS ADDRESS: STREET 1: 8750 N CENTRAL EXPRESSWAY 600 CITY: DALLAS STATE: TX ZIP: 75231 BUSINESS PHONE: 7022635555 MAIL ADDRESS: STREET 1: 8750 N CENTRAL EXPRESSWAY 600 CITY: DALLAS STATE: TX ZIP: 75231 FORMER COMPANY: FORMER CONFORMED NAME: JACKPOT ENTERPRISES INC DATE OF NAME CHANGE: 19920703 COMPANY DATA: COMPANY CONFORMED NAME: TESSLER ALLAN R CENTRAL INDEX KEY: 0000905084 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] DIRECTOR STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 3490 CLUBHOUSE DRIVE 1-2 CITY: WILSON STATE: WY ZIP: 83014 BUSINESS PHONE: 3077339742 MAIL ADDRESS: STREET 1: 1110 PALMS AIRPORT DRIVE STREET 2: 25 E 78TH STREET CITY: LAS VEGAS STATE: NV ZIP: 89119 4 1 tessler.txt ------------------------------ OMB APPROVAL ------------------------------ OMB Number 3235-0287 Expires: 01-31-2005 Estimated average burden hours per response ....... 0.5 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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 _______________________________________________________________________________ 1. Name and Address of Reporting Person* TESSLER ALLAN R. ________________________________________________________________________________ (Last) (First) (Middle) 4020 W. LAKE CREEK DRIVE, #100 ________________________________________________________________________________ (Street) WILSON WY 83014 ________________________________________________________________________________ (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol J NET ENTERPRISES, INC. (OTCBB:JNEI) ________________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) ________________________________________________________________________________ 4. Statement for Month/Year July 2002 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person to Issuer (Check all applicable) [X] Director [_] 10% Owner [X] Officer (give title below) [_] Other (specify below) CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check applicable line) [X] Form filed by 1 Reporting Person [_] Form filed by more than 1 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 $.01 197,298 D - ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK PAR VALUE $.01 104,959 I ART/FGT Family Partners Ltd. - ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK PAR VALUE $.01 7/15/02 P 5,500 A $.550 5,500 I ART/FGT Family Partners LTD - ------------------------------------------------------------------------------------------------------------------------------------ COMMON STOCK PAR VALUE $.01 7/15/02 P 3,300 A $.550 3,300 I ART/FGT Family Partners LTD - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print or Type Responses) (Over) SEC 1474(3-99) 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) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ Option to Buy $9.9375 9/30/98 6/30/03 Common 27,500 27,500 D Common Stock Stock Par Value $.01 - ------------------------------------------------------------------------------------------------------------------------------------ Option to Buy $8.75 9/30/99 6/30/04 Common 27,500 27,500 D Common Stock Stock Par Value $.01 - ------------------------------------------------------------------------------------------------------------------------------------ Option to Buy $9.00 9/14/00 9/14/09 Common 15,000 15,000 D Common Stock Stock Par Value $.01 - ------------------------------------------------------------------------------------------------------------------------------------ Option to Buy $9.00 9/14/01 9/14/09 Common 15,000 15,000 D Common Stock Stock Par Value $.01 - ------------------------------------------------------------------------------------------------------------------------------------ Convertible $10.75 7-10-02 (1) 6/01/01 3/31/07 Common 93,023 0 D Debt Stock Par Value $.01 - ------------------------------------------------------------------------------------------------------------------------------------ Convertible $10.75 7-10-02 (1) 6/01/01 3/31/07 Common 186,047 0 I ZBBF-J Debt Stock Net Par Value Enterprises $.01 - ------------------------------------------------------------------------------------------------------------------------------------ Option to Buy $ 9.50 09/29/00 6/30/05 Common 27,500 27,500 D Stock Par Value $.01 - ----------------------------------------------------------------------------------------------------------------------------------- Option to Buy $ 4.00 09/28/01 6/30/06 Common 27,500 27,500 D Stock Par Value $.01 - ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: (1) The Debentures were convertible into shares of Common Stock at the rate of $10.75 per share. The Debentures were repurchased by J Net Enterprises at their face value on July 10, 2002. /s/ Allan R. Tessler 8/12/02 - --------------------------------------------- ----------------------- **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 provided is insufficient, see Instruction 6 for procedure. -----END PRIVACY-ENHANCED MESSAGE-----