FORM 4 OMB APPROVAL
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[_] Check this box if no longer OMB Number: 3235-0287
subject to Section 16. Expires: September 30, 1998
Form 4 or Form 5 obligations Estimated average burden
may continue. See hours per response . . . 0.5
Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
(Print of Type Responses)
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1. Name and Address of Reporting Person
Mendelsohn Lawrence A.
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(Last) (First) (Middle)
1631 SW Columbia Street
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(Street)
Portland OR 97201
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Wilshire Real Estate Investment Inc. (WREI)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
April 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify title below)
President
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7. Individual or Joint/Group Filing (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>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (Month/Day/Year) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 25,000 D
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Common Stock 80,000 I By LP (1)
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Common Stock 4/14/00 P 7,500 A $2.125 I By LLC (2)
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Common Stock 4/17/00 P 7,000 A $2.125 157,301 I By LLC (2)
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Common Stock 150,801 I By LLC (3)
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Common Stock 109,736 I By Spouse
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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</TABLE>
(Over)
<PAGE>
FORM 4 (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>
10.
9. Owner-
Number ship
of Form
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- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (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> <C>
Stock Options $4.53 9/30/99 A V A (4) 9/30/09 Common 350,000 $4.53 350,000 D
Stock
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Explanation of Responses:
(1) These securities are held by the Mendelsohn Family Limited Partnership, a limited partnership. The reporting person disclaims
beneficial ownership of these securities except to the extent of his pecuniary interest therein.
(2) These securities are held by RPM Capital LLC, a limited liability company. The reporting person disclaims beneficial
ownership of these securities except to the extent of his pecuniary interest therein.
(3) These securities are held by AIM Capital LLC, a limited liability company. The reporting person disclaims beneficial
ownership of these securities except to the extent of his pecuniary interest therein.
(4) 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).
/s/Lawrence A. Mendelsohn May 10, 2000
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**Signature of Reporting Person Date
Lawrence A. Mendelsohn
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.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
Page 2
SEC 1474 (7-96)
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