SEC FORM 4

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

GRANOFF GARY C

(Last)

(First)

(Middle)

ELK ASSOCIATES FUNDING CORP

830 THIRD AVENUE, 8TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
AMERITRANS CAPITAL CORP [ AMTC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/02/2011

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

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, $.0001 par value	08/02/2011		J⁽¹⁾	V	1,333	A	$0	134,813	D
Common Stock, $.0001 par value	08/18/2011		G⁽²⁾⁽⁴⁾	V	1,000	D	$0	11,937	I	See footnotes⁽⁵⁾⁽¹¹⁾
Common Stock, $.0001 par value	08/18/2011		J⁽³⁾	V	4,000	A	$0	138,813	D
9 3/8% Cumulative Participating Redeemable Preferred Stock	08/18/2011		J⁽³⁾	V	600	A	$0	3,678	D⁽⁵⁾⁽⁹⁾
9 3/8% Cumulative Participating Redeemable Preferred Stock	08/18/2011		G⁽²⁾	V	1,000	D	$0	0	I	See footnotes⁽⁵⁾⁽¹¹⁾
9 3/8% Cumulative Participating Redeemable Preferred Stock	09/22/2011		G⁽⁴⁾	V	600	D	$0	3,078	D⁽⁵⁾⁽⁹⁾
Common Stock, $.0001 par value								16,900	I	See footnotes⁽⁵⁾⁽⁶⁾
Common Stock, $.0001 par value								261	I	See footnotes⁽⁵⁾⁽⁷⁾
Common Stock, $.0001 par value								78,584	I	See footnotes⁽⁵⁾⁽⁸⁾
Common Stock, $.0001 par value								71,979	I	See footnotes⁽⁵⁾⁽⁹⁾
Common Stock, $.0001 par value								6,000	I	See footnotes⁽⁵⁾⁽¹⁰⁾
9 3/8% Cumulative Participating Redeemable Preferred Stock								500	I	See footnotes⁽⁵⁾⁽⁸⁾

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)

Explanation of Responses:

1. On July 29, 2011 and August 2, 2011, the 4,000 shares of the issuer's common stock previously reported as being held indirectly by the reporting person through the Jeannette Granoff Trust U/A DTD 4/19/94 (the "1994 Trust") were distributed from the 1994 Trust in accordance with its terms. On August 2, 2011, 1,333 of such shares were transferred to the reporting person and are now held by the reporting person directly. The reporting person previously disclaimed beneficial ownership of the 4,000 shares held by the 1994 Trust except to the extent of his pecuniary interest therein. On July 29, 2011 and August 2, 2011, 2,667 of the shares held by the 1994 Trust (in which the reporting person had no pecuniary interest) were transferred to the reporting person's brothers, who do not share the reporting person's household.

2. On August 18,2011, the reporting person's spouse transferred 1,000 shares of common stock and 1,000 shares of Preferred Stock to the reporting person's adult son, who does not share the reporting person's household.

3. On July 29, 2011, August 1, 2011, August 12, 2011 and August 18, 2011, the 12,000 shares of common stock and 1,800 shares of 9 3/8% Cumulative Participating Redeemable Preferred Stock ("Preferred Stock") previously held by J&H Associates Ltd. Pts ("J&H") were distributed by J&H to its partners in connection with the liquidation of J&H pursuant to its partnership agreement. On August 18, 2011, J&H distributed 4,000 shares of common stock and 600 shares of Preferred Stock to the reporting person and such shares are now held by the reporting person directly. The reporting person previously disclaimed beneficial ownership of the common stock and preferred stock held by J&H except to the extent of his pecuniary interest therein. On July 29, 2011, August 1, 2011 and August 12, 2011, J&H distributed an aggregate of 8,000 shares of common stock and 1,200 shares of Preferred Stock in which the reporting person had no pecuniary interest

4. This transaction involved a bona fide gift for no consideration of securities by the reporting person to his adult son, who does not share the reporting person's household.

5. The reporting person disclaims beneficial ownership of all such shares except to the extent of his pecuniary interest therein as determined in accordance with Rule 16a-2(a)(2) promulgated under the Securities Exchange Act of 1934, as amended.

6. These shares are held by the Granoff Family Foundation, a charitable foundation of which the reporting person and his two brothers serve as trustees.

7. These shares are held by GCG Associates Inc., a corporation controlled by the reporting person.

8. These shares are held by DAPARY Management Corp., a corporation controlled by the reporting person.

9. These shares are held in the reporting person's IRA or pension accounts, except for the 600 shares of Preferred Stocked acquired on August 18, 2011 and disposed of on September 22, 2011 in the transactions reported herein, which were not held in IRA or pension accounts.

10. These shares are held in an irrevocable qualified subschapter S trust for the benefit of the reporting person's son, of which the reporting person is the trustee.

11. These shares are held by Leslie Granoff, the reporting person's wife.

	/s/ Gary C. Granoff	10/05/2011
	** 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.
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 Number.