U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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 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
Hobbs Peter D.
(Last) (First) (Middle)
10650 Scripps Ranch Blvd. #220
(Street)
San Diego CA 92131
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Tollycraft Yacht Corporation (TLLR)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
February 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
/x/ Director / / 10% Owner
/x/ Officer (give title below) / / Other (specify below)
Chairman/CEO
<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Acquired,
Disposed of, or Beneficially Owned
5.Amount
of Secu-
rities
Bene-
ficially
4.Securities Owned at 6.Ownership
2.Trans- 3.Trans- Acquired (A) or End of Form: 7.
action action Disposed of (D) Month Direct Nature of
Date Code (Instr. 3,4 and 5) (D) or Indirect
(Month/ (Instr.8) Indirect Beneficial
1.Title of Day/ (A) (Instr. (I) Ownership
Security Year) Code V Amount or Price 3 and 4)
(Instr.3) (D) (Instr.4) (Instr.4)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock,
$.001 par 2-20-97 A 17,333 A $3.00 17,333 I By Spouse
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
<TABLE>
<CAPTION>
Table II--Derivative Securities Acquired, Disposed of or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
2.Conver- 5.Number of Deriv- 6.Date Exercisable
sion or 3.Trans- ative Securities and Expiration Date
Exercise action Acquired (A) or (Month/Day/Year)
Price of Date 4.Transac- Disposed of (D)
Deriv- (Month/ tion Code (Instr.3,4,and 5) Date
1.Title of ative Day/ (Instr.8) Exercis- Expiration
Derivative able Date
Security
(Instr.3 Security Year) Code V (A) (D)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
<CAPTION>
10.
9.Number of Ownership
Derivative Form of
Securities Derivative
Benefi- Security: 11.
7.Title and cially Direct Nature
Amount of Underlying 8.Price of Owned at (D) or of Indirect
Securities Derivative End of Indirect Beneficial
1.Title of (Instr. 3 and 4) Security Month (I) Ownership
Derivative Amount or
Security Title Number of (Instr.5) (Instr.4) (Instr. 4) (Instr.4)
<S> <C> <C> <C> <C> <C> <C>
</TABLE>
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
