4 1 mc_093002.txt STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP U.S. SECURITIES AND EXCHANGE COMMISSION FORM 4 Washington, D.C. 20549 OMB APPROVAL ________________________________ ____ Check box OMB Number 3235-0287 if no longer Expires: January 31, 2005 subject to STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Estimated average burden Section 16, hours per response......0.5 Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities Exchange obligations may Act of 1934, Section 17(a) of the Public Utility continue. See Holding Company Act of 1935 or Section 30(f) of the Investment Instruction 1(b). Company Act of 1940 ___________________________________________________________________________________________________________________________________ (Print or type response) ___________________________________________________________________________________________________________________________________ 1. Name and Address of 2. Issuer Name and Ticker or 6. Relationship of Reporting Reporting Person Trading Symbol Person to Issuer (Check all applicable) PHC, Inc. - PIHC ____ Director ____ 10% Owner X Officer ____ Other (give title (Specify below) below) Cornelison Michael R. Executive Vice President ___________________________________________________________________________________________________________________________________ (Last) (First) (Middle) 3. IRS or Identification Number 4. Statement for of Reporting Person, if an entity Month/Year (Voluntary) September 2002 7708 Southmoor ___________________________________________________________________________________________________________________________________ (Street) 5. If Amendment, 7. Individual or Joint/Group Filing Date of Original (check applicable line) (Month/Year) X Form filed by One Reporting Person Monroe MI 48161 ___Form filed by More than One Reporting Person ___________________________________________________________________________________________________________________________________ (City) (State) (Zip) Table 1 - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ___________________________________________________________________________________________________________________________________ 1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired 5. Amount of 6. Owner- 7. Nature Instr. 3) action action or (A) of Disposed (D) Securities ship of Date Code (Instr. 3, 4 and 5) Beneficially Form: Indirect (Instr. 8) Owned at End Direct Beneficial (Month/ of Month (D) or Ownership Day/ (Instr. 3 Indirect Year) and 4) (I) (Inst 4) (Inst 4) ___________________________________________________________________________________________________________________________________ Code V Amount (A) or (D) Price ___________________________________________________________________________________________________________________________________ Class A Common Stock 78,554 D ___________________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________ 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 Instructions 4(b)(v). PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER. (Over) SEC 1473 (3-00) ___________________________________________________________________________________________________________________________________ FORM 4 (Continued) Table II - Derivative, Securities, Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ___________________________________________________________________________________________________________________________________ l. Title 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date 7. Title 8. Price 9. Number 10. Owner- 11. Nature of sion of action action Derivative Exer- and of of Deriv- ship of Deriva- Exercise Date Code Securities cisable Amount Deriv- ative Form of In- tive Price of (Instr. Acquired and of ative Securi- Deriv- direct Security Derivative (Month/ 8) (A) or Expira- Underlying Secur- ties ative Bene- (Instr. 3) Security Day/ Disposed tion Securities ity Benefi- Security fical Year) of (D Date (Instr. 3 (Instr. cally Direct Owner- Inst. 3, 4 and 4) 5) Owned at (D) or ship and 5) (Month/ End of Indirect (Instr. Day/ Month (I) 4) Year) (Instr. 4) (Instr. 4) ___________________________________________________________________________________________________________________________________ Date Expir- Title Amount Excer- ation or sible Date Number of Shares ___________________________________________________________________________________________________________________________________ Code V (A) (D) ___________________________________________________________________________________________________________________________________ Stock Options (Right to Buy) 51,000 D ___________________________________________________________________________________________________________________________________ Options Granted .75 09/30/02 A 25,000 ___________________________________________________________________________________________________________________________________ Stock Options Held 76,000 D ___________________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ __________________________________________________________________________________________________________________________________ Explanation of Response: **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Michael R. Cornelison 09/30/02 _______________________________________________ See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a) ** Signature of Reporting Person Date By: Paula C. Wurts Pursuant to Power of Attorney Note: File three copies of this Form, one of which must be manually signed If space provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of informtion contained in this form are not required to respond unless the form displays a currently valid OMB Number Page 2