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OMB APPROVAL
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OMB Number 3235-0362
Expires: September 30, 1998
Estimated average burden
hours per response ....... 1.0
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL 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
[ ] Check box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ X ] Form 4 Transactions Reported
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1. Name and Address of Reporting Person*
Perper Alan B.
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(Last) (First) (Middle)
1700 Montgomery Street, Suite #250
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(Street)
San Francisco CA 94111
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Point West Capital Corporation/PWCC
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
1998
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ X ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
President
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7. Individual or Joint/Group Reporting (check applicable line)
[ X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
5. 6.
4. Amount of Owner-
Securities Acquired (A) or Securities ship
Disposed of (D) Beneficially Form: 7.
(Instr. 3, 4 and 5) Owned at End Direct Nature of
2. 3. ----------------------------- of Issuer's (D) or Indirect
1. Transaction Transaction (A) Fiscal Year Indirect Beneficial
Title of Security Date Code Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) (Instr. 8) (D) & 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock 524,265 I (1)
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</TABLE>
*If the form is filed by more than one reporting person,
see instruction 4(b)(v).
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(Over)
SEC 2270 (7-96)
<PAGE>
FORM 5 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- Securities Date Securities Price Bene- ity: In-
cise 3. Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- 4. or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Trans- of (D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date action (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ Code 4 and 5) Date Expira- Number ity Year (I) ship
Security Secur- Day/ (Instr. ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) 8) (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Employee option $2.475 11/25/98 A(2) 10,000 (2) 11/25/03 Common 10,000 10,000 D
to buy Stock
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Option (obligation $1.375 12/16/98 J(3) 15,000 (3) 7/17/06 Common 15,000 0 I (6)
to sell) Stock
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Option (obligation $3.438 12/16/98 J(4) 10,000 (4) 11/17/07 Common 10,000 5,000 I (6)
to sell) Stock
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Option (obligation $2.75 11/25/98 J(5) 2,500 (5) 11/25/08 Common 2,500 2,500 I (6)
to sell) Stock
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</TABLE>
Explanation of Responses:
(1) 317,665 in trust, and 206,600 as a member of a limited liability company.
(2) Reflects the grant of an employee option to purchase 10,000 shares of the
Issuer's common stock, which vests at the rate of 2,500 shares on
November 25, 1999, 2000, 2001 and 2002.
(3) On July 17, 1996, as previously reported, The Echelon Group of Companies,
LLC (of which the reporting person is a member) granted to its employees
covered call options to purchase 27,500 shares of the Issuer's common stock.
On December 16, 1998 options to purchase 15,000 shares were canceled upon
termination of the optionees' employment.
(4) On November 17, 1997, as previously reported, The Echelon Group of
Companies, LLC (of which the reporting person is a member) granted to its
employees covered call options to purchase 15,000 shares of the Issuer's
common stock. On December 16, 1998, options to purchase 10,000 shares were
cancelled upon termination of the optionees employment. The remaining
options vest at the rate of 1,000 shares on November 17, 1998, 1999, 2000,
2001 and 2002.
(5) On November 25, 1998, The Echelon Group of Companies, LLC (of which the
reporting person is a member) granted to its employees covered call options
to purchase 2,500 shares of the Issuer's common stock. These options vest at
the rate of 500 shares on November 25, 1999, 2000, 2001, 2002 and 2003.
(6) As a member of a limited liability company.
/S/ Alan B. Perper February 16, 1999
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**Signature of Reporting Person Date
** 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
SEC 2270 (7-96)
Potential persons who are to respond to the collection of information contained
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