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 of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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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 Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
September 2000
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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 [_] 10% Owner
[X] Officer (give title below) [_] Other (specify 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) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock 25,000 D
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Common Stock 80,000 I By LP(1)
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Common Stock 09/08/00 G 18,637 D (2) I By Spouse
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Common Stock 09/08/00 G 18,638 D (2) I By Spouse
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Common Stock 09/08/00 G 18,637 D (2) I By Spouse
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Common Stock 09/08/00 G 18,333 D (2) I By Spouse
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Common Stock 09/08/00 G 18,333 D (2) 17,158 I By Spouse
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Common Stock 09/08/00 P 40,000 A $2.71 I By LLC(3)
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Common Stock 09/08/00 P 55,000 A $2.70 252,301 I By LLC(3)
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Common Stock 150,801 I By LLC(4)
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
(Form 4-07/99)
<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>
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Common
Stock Options $4.53 9/30/99 A V A (5) 9/30/09 Stock 350,000 $4.53 350,000 D
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</TABLE>
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) The price for the shares of Common Stock will be fixed when they are sold
by the donee.
(3) 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.
(4) 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.
(5) Vest 1/4 per year.
/s/ Lawrence A. Mendelsohn 10/10/00
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**Signature of Reporting Person 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 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).
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