SEC FORM 4/A

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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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^*

KANELY JAMES R

(Last)

(First)

(Middle)

C/O THE ALPINE GROUP, INC.

ONE MEADOWLANDS PLAZA, SUITE 801

(Street)

EAST RUTHERFORD

07073

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ALPINE GROUP INC /DE/ [ ALPG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2004

4. If Amendment, Date of Original Filed (Month/Day/Year)
09/14/2004

6. 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 (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/09/2004		M		16,795	A	$2.95	88,411	D
Common Stock	01/05/2004		J		6,260	D	$0.92	0	I	Shares in 401(k) Plan.⁽¹⁾
Common Stock	08/08/1988		A		138	A	$0	138	I	By spouse.

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)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Employee Director Stock Option (right to buy)	$0.875	09/09/2004		M			1,919	12/27/2003	12/27/2010	Common Stock	1,919	$0	1,919	D
Non-Employee Director Stock Option (right to buy)	$1.813	09/09/2004		M			3,860	01/02/2004	01/02/2011	Common Stock	3,860	$0	3,860	D
Non-Employee Director Stock Option (right to buy)	$1.813	09/09/2004		M			926	01/31/2004	01/31/2011	Common Stock	926	$0	926	D
Non-Employee Director Stock Option (right to buy)	$1.7	09/09/2004		M			4,116	04/02/2004	04/02/2011	Common Stock	4,116	$0	4,116	D
Non-Employee Director Stock Option (right to buy)	$1.75	09/09/2004		M			3,998	07/02/2004	07/02/2010	Common Stock	3,998	$0	3,998	D
Non-Employee Director Stock Option (right to buy)	$1.7	09/09/2004		M			988	07/11/2004	07/11/2011	Common Stock	988	$0	988	D
Non-Employee Director Stock Option (right to buy)	$1.7	09/09/2004		M			988	08/22/2004	08/22/2011	Common Stock	988	$0	988	D
Non-Employee Director Stock Option (right to buy)	$3.1	07/01/2004		A		2,257		07/01/2007	07/01/2014	Common Stock	2,257	$0	2,257	D
Non-Employee Director Stock Option (right to buy)	$0.95	04/01/2004		A		7,366		04/01/2007	04/01/2014	Common Stock	7,366	$0	7,366	D
Non-Employee Director Stock Option (right to buy)	$0.95	01/02/2004		A		7,366		01/02/2007	01/02/2014	Common Stock	7,366	$0	7,366	D
Non-Employee Director Stock Option (right to buy)	$0.65	10/01/2003		A		10,765		10/01/2006	10/01/2013	Common Stock	10,765	$0	10,765	D
Series A Cumulative Convertible Preferred Stock	$0.55	06/23/2003		P		400		11/11/2003	12/21/2009	Common Stock	276,400	$380	400	D
Non-Employee Director Stock Option (right to buy)	$0.65	07/01/2003		A		10,765		07/01/2006	07/01/2013	Common Stock	10,765	$0	10,765	D
Non-Employee Director Stock Option (right to buy)	$0.6	04/01/2003		A		11,662		04/01/2006	04/01/2013	Common Stock	11,662	$0	11,662	D
Non-Employee Director Stock Option (right to buy)	$0.65	01/02/2003		A		10,765		01/02/2006	01/02/2013	Common Stock	10,765	$0	10,765	D
Non-Employee Director Stock Option (right to buy)	$0.55	10/01/2002		A		12,722		10/01/2005	10/01/2012	Common Stock	12,722	$0	12,722	D
Non-Employee Director Stock Option (right to buy)	$1.1	07/01/2002		A		6,361		07/01/2005	07/01/2012	Common Stock	6,361	$0	6,361	D
Non-Employee Director Stock Option (right to buy)	$1.6	04/01/2002		A		4,373		04/01/2005	04/01/2012	Common Stock	4,373	$0	4,373	D
Non-Employee Director Stock Option (right to buy)	$1.7	01/02/2002		A		4,116		01/02/2005	01/02/2012	Common Stock	4,116	$0	4,116	D
Non-Employee Director Stock Option (right to buy)	$1.09	12/03/2001		A		1,541		12/03/2004	12/03/2011	Common Stock	1,541	$0	1,541	D
Non-Employee Director Stock Option (right to buy)	$1.13	11/27/2001		A		1,486		11/27/2004	11/27/2011	Common Stock	1,486	$0	1,486	D
Non-Employee Director Stock Option (right to buy)	$1.75	10/01/2001		A		3,998		10/01/2004	10/01/2011	Common Stock	3,998	$0	3,998	D

Explanation of Responses:

1. Involuntary sale by 401(k) Plan Administrator.

Remarks:

	Stewart H. Wahrsager	09/14/2004
	** Signature of Reporting Person	Date
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).
** 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.
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