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FORM 4 OMB APPROVAL
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 OMB Number: 3235-0287
/ / Check this box if no longer Expires: September 30, 1998
subject to Section 16. Form 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Estimated average burden
or Form 5 obligations may hours per response: 0.5
continue. See Instruction 1(b).
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
(Print or Type Responses)
<S> <C> <C>
1. Name and Address 2. Issuer Name and 6. Relationship of Reporting Person(s) to Issuer
of Reporting Person Ticker or Trading Symbol (Check all applicable)
Wiederhorn, Andrew A. Wilshire Real Estate X Director 10% Owner
Investment Inc. (WREI) X Officer (give title below) Other (specify
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for Chairman, CEO, Secretary, Treasurer
Number of Reporting Month/Year
1310 SW 17th Street Person (Voluntary) February 2000
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(Street) 5. If Amendment, 7. Individual or Joint/Group Filing
Portland OR 97201 Date of Original (Check Applicable Line)
- ---------------------------- (Month/Year) X Form filed by One Reporting Person
(City) (State) (Zip) 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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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature
(Instr. 3) action action or Disposed of (D) Securities Form: of Indirect
Date Code (Instr. 3, 4 and 5) Beneficiallly Direct (D) Beneficial
(Instr. 8) Owned at or Indirect Ownership
---------- ------------------------- End of Month (I)
Month/ Amount (A) or Price
Day/Year) Code V (D) (Instr. 3 and 4) (Instr. 4) (Instr. 4)
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Common Stock 2/18/00 P 30,000 A $2.20 80,000 D
Common Stock 603,001 I By spouse
Common Stock 100,000 I By LP(1)
By minor
Common Stock 2/23/00 P 4 A $2.375 38,636 I Children
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, See Instruction 4(b)(v). SEC 1474 (7-96)
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FORM 4 (continued) TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<S> <C> <C> <C> <C> <C> <C>
1. Title of Deriva- 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer- 7. Title and Amount of
tive Security sion or action tion Code ative Securities Ac- cisable and Ex- Underlying
(Instr. 3) Exercise Date (Instr. 8) quired (A) or Dis- piration Date Securities
Price of (Month/ posed of (D) (Month/Day/ (Instr. 3 and 4)
Deriv- Day/ (Instr. 3, 4, and 5) Year)
ative Year)
Security
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Date Expira- Amount or
---------------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Common
Options $4.53 9/30/99 A V 630,000 (2) 9/30/09 Stock 630,000
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<S> <C> <C> <C> <C>
8. Price 9. Number 10. Owner- 11. Nature of
of of Deriv- ship Indirect
Deriv- ative Form Beneficial
ative Secur- of De- direct
Security ities rivative Beneficial
(Instr. 5) Bene- Secu- Ownership
ficially rity: (Instr. 4)
Owned at Direct (D)
End of or In-
Month direct (I)
(Instr. 4) (Instr. 4)
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$4.53 630,000 D
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Explanation of Responses: /s/ Andrew A. Wiederhorn March 8, 2000
(1) These securities are held by TTMM, LP, a partnership controlled by the ----------------------------------- --------------
spouse of the reporting person. The reporting person disclaims **Signature of Reporting Person Date
beneficial ownership of these securities, and this report shall not be Andrew A. Wiederhorn
deemed an admission that the reporting person is the beneficial owner of said
securities for purposes of Section 16 or for any other purpose
(2) Vest 1/4 per year.
** 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.
Potential persons who are to respond to the collection of information contained in this form are not Page 2
required to respond unless the form displays a currently valid OMB Number. SEC 1474 (7-96)
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