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U.S. SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
WASHINGTON, DC 20549 -----------------------------
- ---------- OMB Number: 3235-0104
FORM 3 Expires: September 30, 1998
- ---------- INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Estimated average burden
hours per response..... 0.5
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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(f) of the Investment Company Act of 1940
____________________________________________________________________________________________________________________________________
1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Ticker or Trading Symbol
Statement
(Month/Day/Year) Freedom Securities Corporation (FSI)
Goldsmith John H. 4/1/98 ___________________________________________________________
________________________________________ ________ 5. Relationship of Reporting 6. If Amendment, Date
(Last) (First) (Middle) Person to Issuer of Original
____________________________ (Check all applicable) (Month/Day/Year)
3. IRS or Social Security
Number of Reporting X Director 10% Owner _______________________
One Beacon Street Person, ----- ----- 7. Individual or Joint/
________________________________________ (Voluntary) X Officer Other Group Filing (Check
(Street) ----- (give ----- (specify applicable line)
title below) X Form filed by
below) ----- One Reporting
Person
President and Chief Executive ----- Form filed by
Officer More than One
Boston MA 02108 Reporting Person
____________________________________________________________________________________________________________________________________
(City) (State) (Zip) TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. TITLE OF SECURITY 2. AMOUNT OF SECURITIES 3. OWNERSHIP FORM: 4. NATURE OF INDIRECT
(INSTR. 4) BENEFICIALLY OWNED DIRECT (D) OR BENEFICIAL
(INSTR. 4) INDIRECT (I) OWNERSHIP (INSTR. 5)
(INSTR. 5)
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Common Stock 119,988 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 5(b)(v).
(Over)
SEC 1473(7-96)
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FORM 3 (CONTINUED) TABLE II
DERIVATIVE SECURITIES BENEFICIALLY OWNED(E.G., PUTS,
CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
____________________________________________________________________________________________________________________________________
1. TITLE OF DERIVATIVE 2. DATE EXERCI- 3. TITLE AND AMOUNT OF 4. CONVER- 5. OWNERSHIP 6. NATURE OF INDIRECT
SECURITY (INSTR. 4) SABLE AND SECURITIES UNDERLYING SION OR FORM OF BENEFICIAL OWNERSHIP
EXPIRATION DATE DERIVATIVE SECURITY EXERCISE DERIVATIVE (INSTR. 5)
(MONTH/DAY/YEAR) (INSTR. 4) PRICE OF SECURITY:
DERIVATIVE DIRECT
SECURITY (D) OR
_________________________________________________ INDIRECT (I)
DATE EXPIRA- AMOUNT OR (INSTR.5)
EXERCI- TION TITLE NUMBER
SABLE DATE OF SHARES
____________________________________________________________________________________________________________________________________
Time Vested Stock Options (1) 1/31/07 Common Stock 17,998 $5.50 D
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Company Performance Stock
Options (1) 5/31/06 Common Stock 36,542 $5.50 D
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Explanation of Responses:
(1) Of the 17,998 Time-Vested stock Options, 20% have vested as of the filing of this Form and an addition 20% will vest each of
the next four years.
(2) Of the 36,542 Company Performance Stock Options, 20% have vested as of the filing of this Form and the remaining options will
vest baed upon the attainment of certain predetermined Company performance criteria.
/s/ John H. Goldsmith 4-1-98
**Intentional misstatements or omissions of facts constitute Federal Criminal ________________________________ _________________
Violations. **Signature of Reporting Person Date
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.
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.
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SEC 1473(7-96)
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