4 1 chi4g1.txt FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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(f) of the Investment Company Act of 1940 [X] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). OMB APPROVAL OMB Number 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response....0.5 ============================================================ 1. Name and Address of Reporting Person Grace Brothers, Ltd. ------------------------------------------------------------ (Last) (First) (Middle) 1560 Sherman Ave., Suite 900 ------------------------------------------------------------ (Street) Evanston, Illinois 60201 ------------------------------------------------------------ (City) (State) (Zip) ============================================================ 2. Issuer Name and Ticker or Trading Symbol Furr's Restaurant Group ("FRG") ============================================================ 3. IRS or Social Security Number of Reporting Person, if an entity (Voluntary) ============================================================ 4. Statement for Month/Day/Year December 30, 2002 ============================================================ 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 [ ] Form filed by more Person than one Reporting Person ======================================================================================================== Table I -- Non-Derivative Securities Beneficially Owned ========================================================================================================
3. Trans- 4. Securities Acquired 5. Amount of 6. Owner- 7. Nature of action (A) or Disposed of (D) Securities ship Form: Indirect 2. Tran- Code ---------------------- Beneficially Direct (D) Beneficial saction --------- (A) Owned at or Indir- Ownership 1. Title of Security Date Code V Amount or (D) Price End of Month ect (I) (Instr. 4) - ------------------- --------- ----- -- ------- ------ ------ ----------- --------- ----------- Common Stock 12/24/02 S 1,870,016 D D Common Stock 12/24/02 S 1,649,971 D 0 D
FORM 4 (continued) ============================================================================================================ Table II -- Derivative Securities Acquired Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ============================================================================================================
9. Num- ber of 10. Deriv- Owner- 2. 5. Number ative ship Conv- of Deriva- 7. Type and Secur- Form of ersion tive Secur- 6. Date Amount of 8. ities Deriv- Price Acquir- Exercisable and Underlying Price Bene- ative Nature of of 4. Trans- ed or Dis- Expiration Date Securities of ficial- Secur- Indirect Deriv- action posed of (D) --------------- ------------- Deriv- ly Own- ity: Di- Benen- ative 3. Tran- Code --------------- Date Expir- Amount ative ed at rect (D) fical 1. Title of Deri- Secur- saction --------- Exer- ation- of Secu- End of or Indi- Owner- vative Security ity Date Code V (A) (D) cisable Date Title Shares rity Month rect (I) ship - --------------- ----- ------- --------- -------------- ------- ------- ----- -------- ------ --------- ------- --------
============================================================ Explanation of Responses: ============================================================ Grace Brothers, Ltd. /s/ Bradford T. Whitmore December 24, 2002 ------------------------------- ----------------------- **Signature of Reporting Person Date By: Bradford T. Whitmore General Partner **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.