FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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(1) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
JOHN LUCIANI
GRAND COURT LIFESTYLES, INC.
ONE EXECUTIVE DRIVE
FORT LEE, NEW JERSEY 07024
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2. Issuer Name and Ticker or Trading Symbol
GRAND COURT LIFESTYLES, INC (GCLI)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
JUNE, 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
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X Officer (give title below) Other (specify below)
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Chairman of the Board and CEO
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7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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___ Form filed by More than One Reporting Person
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TABLE 1 - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED
1. Title of 2. Transaction 3. Transaction 4. Securities
Security Date Code Acquired (A) or
(Instr.3) (Month/Day/ (Instr.8) Disposed of (D)
Year) (Instr.3,4,and 5)
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Code V Amount (A)or Price
(D)
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Common Stock
par value $0.01
per share 6/16/99 S 500,000 shs D $3.00
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5. Amount of 6. Ownership 7. Nature of
Securities Form: Direct Indirect
Beneficially (D) or In- Beneficial
Owned at End direct (I) Ownership
of Month (Instr.4) (Instr.4)
(Instr.3 and 4)
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6,826,970 shares D
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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).
(Print or Type Responses)
(over)
<PAGE>
FORM 4 (Continued)
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY
OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
1. Title of 2. Conversion or 3. Transaction 4. Transaction
Derivative Exercise Price Date (Month/ Code
Security of Derivative Day/Year) (Instr.8)
(Instr.3) Security ----------------
Code V
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5. Number of 6. Date Exer- 7. Title and
Derivative cisable and Amount of
Securities Expiration Underlying
Acquired(A) Date (Month/ Securities
or Disposed Day/Year) (Instr.3 and 4)
of (D)(Instr.
3, 4, and 5)
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(A) (D) Date Expira- Title Amount or
Exer- tion Number of
cisable Date Shares
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8. Price of 9. Number of 10. Ownership 11. Nature of
Derivative Derivative Form of Indirect
Security Securities Derivative Beneficial
(Instr.5) Beneficially Security: Ownership
Owned at End Direct (D) (Instr.4)
of Month or Indirect
(Instr.4) (I)(Instr.4)
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EXPLANATION OF RESPONSES:
(1) The reporting person disclaims beneficial ownership of these
securities, and this rport shall not be deemed an admission that
the reporting person is the beneficial owner of such securities for
purposes of Section 16 or for any other purpose.
by: /s/ John Luciani July 8, 1999
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John Luciani 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 SPACED PROVIDED IS INSUFFICIENT, SEE INSTRUCTION 6 FOR PROCEDURE.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays
a currently valid OMB Number.
