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
[ ] Form 4 Transactions Reported
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1. Name and Address of Reporting Person*
Rotter John Ward
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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 Identification Number of Reporting Person, if an entity (Voluntary)
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4. Statement for Month/Year
1999
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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)
Executive Vice President and Chief Financial Officer
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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 228,081 D
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83,000 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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SEC 2270 (9-96)
<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 $5.98125 11/11/99 A 50,000 (2) 11/11/04 Common 50,000 0 50,000 D
to buy Stock
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Employee option $6.375 08/23/99 A 5,000 (3) 08/23/09 Common 5,000 0 5,000 I By wife
to buy Stock
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Employee option $5.4375 11/11/99 A 10,000 (4) 11/11/09 Common 10,000 0 10,000 I By wife
to buy Stock
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</TABLE>
Explanation of Responses:
(1) By Lodestone Capital Fund, L.L.C. See the Schedule 13D (as amended) filed
by the Reporting Person and others. The Reporting Person disclaims
beneficial ownership of the shares held by Lodestone Capital Fund, L.L.C.
except to the extent of his indirect equity interest therein.
.
(2) Reflects the grant of an employee option to purchase 50,000 shares of the
Issuer's common stock, which vests at the rate of 12,500 shares on
November 11, 2000, 2001, 2002 and 2003.
(3) Reflects the grant to the Reporting Person's spouse of an employee option
to purchase 5,000 shares of the Issuer's common stock, which vests at the
rate of 1,000 shares on August 23, 2000, 2001, 2002, 2003 and 2004.
(4) Reflects the grant to the Reporting Person's spouse of an employee option
to purchase 10,000 shares of the Issuer's common stock, which vests at the
rate of 2,000 shares on November 11, 2000, 2001, 2002, 2003 and 2004.
/S/ John Ward Rotter February 8, 2000
_________________________________________ _________________________
Date
**Signature of Reporting Person
** 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.
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SEC 2270 (7-96)
