4 1 primefour.txt FORM 4 1 Name and Address of Reporting Person Howard Amster 25812 Fairmount Blvd Beachwood, OH 44122-2214 2 Issuer Name and Trading Symbol Prime Retail, Inc. PRT PR B 3 I.R.S. Identification Number of Reporting Person (Voluntary) 4 Statement for Month/Year April 2001 5 If Amendment Date of Original 6 Relationship of Reporting Person to Issuer X 10% Owner 7 Individual or Joint/Group Filing X Firm filed by One Reporting Person Table I Non-Derivative Securities Acquired,Disposed of or Beneficially Owned 1 Title of Security Common 2 3 4 5 6 7 Trans Trans Securities Amount Owner Nature Date Code Acquired/ Bene- Ship of In- Disposed fically Form direct Owned Owner 4/02/01 S 1,909 .43 D 4/03/01 S 8,522 .3854 D 4/04/01 S 4,300 .3993 D 335,726 D 4/03/01 S 8,978 .3853 D -0- I General Partner 4/05/01 S 8,000 .3876 D -0- I Executor of Estate 4/02/01 S 507 .43 D -0- I 100% owned Corp 4/02/01 S 17,984 .43 D -0- I 100% owned Corp is General Partner 4/05/01 S 49,225 .3876 D -0- I 100% Funded Trust 4/05/01 S 8,775 .3876 D 4/06/01 S 50,800 .3728 D 66,948 I 100% owned Corp Funded Trust Table II Derivative Securities Acquired, Disposed of/or Beneficially Owned 1 Title of Derivative Security Prime Retail Series B Cu Part CV 2 Conversion of Derivative Security- 1.1962 6 Date Exercisable/Expiration Date Until 12/31/49 3 4 5 7 8 9 10 11 Trans Trans Number of Amount of Price Number Owner Nature of Date Code Derivative Underlying Deriv ship Indirect Securities Securities Owned Form Owner ___________________________________________________________________ 4/05/01 P 6,000 7,177.20 3.9783 4/06/01 P 5,000 5,981 3.972 928,025 D 2,750 I General Partner 58,000 I 100% Funded Trust 170 I 100% Owned Corp 4/02/01 P 3,000 3,588.6 4.22 100% owned 4/04/01 P 1,000 1,196.2 3.77 4,000 I Corporation is General Partner 4/3/01 P 1,000 1,198.6 4.03 181,000 I 83% Owner 19,760 I Spouse 100% owned corp Signature Howard Amster 5/1/01