4 1 d385835_form4.txt ------------------------- OMB APPROVAL ------------------------- OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response 0.5 ------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 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 [x] 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* Cobalt Capital Management, Inc. ------------------------------------------------------------------------------- (Last) (First) (Middle) 237 Park Avenue, Suite 900 ------------------------------------------------------------------------------- (Street) New York New York 10012 ------------------------------------------------------------------------------- (City) (State) (Zip) _______________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Resource America Inc. (REXI) _______________________________________________________________________________ 3. I.R.S. Identification Number of Reporting Person, if an Entity (Voluntary) _______________________________________________________________________________ 4. Statement for Month/Day/Year 03/08/02 _______________________________________________________________________________ 5. If Amendment, Date of Original (Month/Day/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 ===============================================================================
5. Amount 6. 4. of Securities Owner- Securities Acquired (A) or Beneficially ship 2A. Deemed 3. Disposed of (D) Owned Form: 7. 2. Execution Transaction (Instr. 3, 4 and 5) Following Direct Nature of Transaction Date, Code ------------------------------- Reported (D) or Indirect 1. Date if any (Instr. 8) (A) Transaction(s) Indirect Beneficial Title of Security (Month/ (Month/ ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) (Day/Year) Day/Year) Code V (D) and 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 03/08/02 S 20,000 D $9.26 1,741,700 I ++ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
(Print or Type Response) (Over) FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ===============================================================================
9. 10. Number Owner- of ship Deriv- Form 2. ative of Conver- 5. 7. Secur- Deriv- 11. sion Number of Title and Amount ities ative Nature or Derivative 6. of Underlying 8. Bene- Secur- of Exer- 4. Securities Date Securities Price ficially ity: In- cise 3. 3A. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Owned Direct direct Price Trans- Deemed action or Disposed Expiration Date ---------------- Deriv- Following (D) or Bene- 1. of action Execution Code of(D) (Month/Day/Year) Amount ative Reported In- ficial Title of Deriv- Date Date, (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner- Derivative ative (Month/ if any 8) 4 and 5) Date Expira- Number ity action(s) (I) ship Security Secur- Day/ (Month/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. Instr. (Instr. 3) ity Year) Day/Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: ++ The securities reported on this filing are held in (a) the accounts of unregistered investment companies over which the Reporting Person has investment discretion by virtue of the Reporting Person being the general partner or investment manager, as applicable, of said entities and (b) managed accounts over which the Reporting Person has investment discretion by virtue of the Reporting Person being the investment advisor of said managed accounts. The Reporting Person in turn has a pecuniary interest in the securities held by certain of these unregistered investment companies equal to its portion of the incentive allocation potentially made to the general partner of certain entities each year. +++ The reporting person hereby disclaims beneficial ownership over the shares reported on this Form 3 to the extent of its pecuniary interest therein. Cobalt Capital Management, Inc. +++ By: /s/ Wayne Cobalt 2/20/03 -------------------------------------------- ----------------------- Managing Member Date **Signature of Reporting Person 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 provided is insufficient, see Instruction 6 for procedure. Page 2 01181.0001 #385835