-----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, KV0WW+7LBMYOr4NblGGi5VaYCYgZtpcIWno2XHgY/15AjfmcnAh0Z5GTJ5mCItIY YcejxAziEs55w9ad6tj4PA== 0000919574-99-000693.txt : 19990511 0000919574-99-000693.hdr.sgml : 19990511 ACCESSION NUMBER: 0000919574-99-000693 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990430 FILED AS OF DATE: 19990510 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST UNION REAL ESTATE EQUITY & MORTGAGE INVESTMENTS CENTRAL INDEX KEY: 0000037008 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 346513657 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: SEC FILE NUMBER: 001-06249 FILM NUMBER: 99616323 BUSINESS ADDRESS: STREET 1: 55 PUBLIC SQUARE STREET 2: STE 1900 CITY: CLEVELAND STATE: OH ZIP: 44113 BUSINESS PHONE: 2167814030 MAIL ADDRESS: STREET 1: 55 PUBLIC SQUARE SUITE 1910 CITY: CLEVELAND STATE: OH ZIP: 44113 FORMER COMPANY: FORMER CONFORMED NAME: FIRST UNION REALTY DATE OF NAME CHANGE: 19691012 COMPANY DATA: COMPANY CONFORMED NAME: EMBRY TALTON R CENTRAL INDEX KEY: 0001025165 STANDARD INDUSTRIAL CLASSIFICATION: [] OWNER FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: C/O MAGTEN ASSET MANAGEMENT CORP STREET 2: 35 EAST 21ST ST CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2125296600 MAIL ADDRESS: STREET 1: C/O MAGTEN ASSET MANAGEMENT CORP STREET 2: 35 EAST 21ST ST CITY: NEW YORK STATE: NY ZIP: 10010 4 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this 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 Talton R. Embry c/o Magten Asset Management Corp. 35 E. 21st St. New York, New York 2. Issuer Name and Ticker or Trading Symbol First Union Real Estate Equity and Mortgage ("First Union") FUR 3. IRS Number of Reporting Person (Voluntary) 4. Statement for Month/Year 4/99 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s)to Issuer (Check all applicable) ( ) Director (X) 10% Owner* ( ) Officer (give title below) ( ) Other (specify 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 1. Title of Security| 2. Transaction| 3. Transaction| 4. Securities | 5. Amount of | 6. Ownership |7. Nature of | (Instr. 3) | Date | Code | Acquired (A) | Securities | Form: | Indirect | | | (Instr. 8) | or Disposed | Beneficially | Direct (D) | Beneficial| | (Month/ | | of (D) | Owned at End | or Indirect| Ownership | | Day/ | | (Instr. 3,4, | of Month | (I) | (Instr. 4)| | Year) | | and 5) | (Instr. 3 and 4)| (Instr. 4) | | | | | | |(A) or| | | | | | | Code | V | Amount|(D) |Price| | | | _________________________________________________________________________________________________________________________________ 207,700 D 32,500** I By Wife 46,500** I By Son 31,000** I By Daughter 149,500** I By Trust 353,400** I By Trust 154,400** I By Trust Common Stock 4/5/99 P 11,200** A $3.9375 119,000** I By Trust
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED 1. Title of | 2. Conver- | 3. Trans- | 4. Trans- | 5. Number of | 6. Date Exer- | 7. Title and Amount | Derivative | sion or | action | action | Derivative | cisable and | of Underlying | Security | Exercise | Date | Code | Securities | Expiration | Securities | (Instr. 3) | Price of | (Month/ | (Instr. | Acquired | Date | (Instr. 3 and 4) | | Deri- | Date/ | 8) | (A) or | (Month/Day/ | | | vative | Year) | | Disposed of | Year) | | | Security | | | (D) (Instr. | | | | | | | 3, 4 and 5) | | | | | |____________|_________________|___________________|_____________________| | | | | | | | | | | | | | | | | | | Date | Expira- | | Amount or | | | | | | | | Exer- | tion | | Number of | | | | Code | V | (A) | (D) | cisable | Date | Title | Shares | ___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________| Rights $4.00 4/21/99 *** 83,080 4/21/99 5/12/99 Common 83,080 Rights $4.00 4/21/99 *** 13,000** 4/21/99 5/12/99 Common 13,000** Rights $4.00 4/21/99 *** 18,600** 4/21/99 5/12/99 Common 18,600** Rights $4.00 4/21/99 *** 12,400** 4/21/99 5/12/99 Common 12,400** Rights $4.00 4/21/99 *** 141,360** 4/21/99 5/12/99 Common 141,360** Rights $4.00 4/21/99 *** 61,760** 4/21/99 5/12/99 Common 61,760** Rights $4.00 4/21/99 *** 47,600** 4/21/99 5/12/99 Common 47,600** Rights $4.00 4/21/99 *** 59,800** 4/21/99 5/12/99 Common 59,800**
| 8. Price of | 9. Number of | 10. Ownership | 11. Nature of | | Derivative | derivative | Form of | Indirect | | Security | Securities | Derivative | Beneficial | | (Instr. 5) | Benefi- | Security | Ownership | | | cially | Direct (D) | (Instr. 4) | | | Owned at | or Indirect | | | | End of | (I) (Instr. | | | | Month | 4) | | | | (Instr. 4) | | | ________________________ ___________________ ___________________ _________________ N/A 83,080 D N/A 13,000** I By Wife N/A 18,600** I By Son N/A 12,400** I By Daughter N/A 141,360** I By Trust N/A 61,760** I By Trust N/A 47,600** I By Trust N/A 59,800** I By Trust
Explanation of Responses: * The Reporting Person may be deemed to be a member of a group holding equity securities of the Issuer. The filing of this report shall not be deemed to be an admission that the Reporting Person is a member of such a group. ** The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purposes. *** On April 21, 1999, First Union issued one right for every 2.5 shares outstanding. Signature of Reporting Person: /s/ Talton R. Embry __________________________ Date: May 10, 1999 ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 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 sufficient, see Instruction 6 for procedure. 01651001.AP9 -----END PRIVACY-ENHANCED MESSAGE-----