UNITED STATES 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).
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Berryessa Donald Oliver
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(Last) (First) (Middle)
6008 Ashley Court
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(Street)
Pleasanton CA 94588
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
AMERICAN CHAMPION ENTERTAINMENT, INC. (Nasdaq SmallCap Market - "ACEI")
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
October 1999
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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)
[ ] Director [ ] 10% Owner
[ ] Officer (give title below) [ X ] Other (specify below)
Former Director and Officer resigned June 30, 1999
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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>
4. Securities Acquired (A) 5. Amount of 6. Owner-
or Disposed of (D) Securities ship Form:
3. Transac- (Instr. 3, 4 and 5) Beneficially Direct 7. Nature
2. Transac- tion Code -------------------------- Owned at End (D) or of Indirec
tion Date (Instr. 8) (A) of Month Indirect Beneficial
1. Title of Security (Month/Day ------------- or (Instr. 3 (I) Ownership
(Instr. 3) Year) Code V Amount (D) Price and 4) (Instr. 4)(Instr. 4)
- ----------------------- ----------- ------- ----- ---------- ---- ---------- ------------ --------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 10/01/99 S V 20,000 D $0.500 D
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Common Stock 10/05/99 S V 5,000 D $0.500 D
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Common Stock 10/06/99 S V 5,000 D $0.469 D
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Common Stock 10/07/99 S V 5,000 D $0.469 D
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Common Stock 10/08/99 S V 5,000 D $0.469 D
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Common Stock 10/12/99 S V 10,000 D $0.438 115,200 D
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</TABLE>
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* If the form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
2.
Conver- 5.
sion Number of
or Derivative
Exer- Securities
cise 3. Acquired (A)
Price Trans- 4. or Disposed
1. of action Transac- of (D)
Title of Deriv- Date tion Code (Instr. 3,
Derivative ative (Month/ (Instr. 8) 4 and 5)
Security Secur- Day/ ----------- ---------------
(Instr. 3) ity Year) Code V (A) (D)
- ---------------------- -------- -------- ------ ---- ----- ---------
<S> <C> <C> <C> <C> <C> <C>
- ---------------------- -------- -------- ------ ---- ----- ---------
- ---------------------- -------- -------- ------ ---- ----- ---------
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9. 10.
Number Owner-
of ship
Deriv- Form of
7. ative Deriv- 11.
Title and Amount Secur- ative Nature
6. of Underlying 8. ities Secur- of
Date Securities Price Bene- ity: In-
Exercisable and (Instr. 3 and 4) of ficially Direct direct
Expiration Date -------------------- Deriv- Owned (D) or Bene-
(Month/Day/Year) Amount ative at End In- ficial
------------------- or Secur- of direct Owner-
Date Expira- Number ity Month (I) ship
Exer- tion of (Instr. (Instr. (Instr. (Instr.
cisable Date Title Shares 5) 4) 4) 4)
- --------- --------- ----------- -------- --------- -------- -------- --------
<C> <C> <C> <C> <C> <C> <C> <C>
- --------- --------- ----------- -------- --------- -------- -------- --------
- --------- --------- ----------- -------- --------- -------- -------- --------
- --------- --------- ----------- -------- --------- -------- -------- --------
</TABLE>
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/s/ Don Berryessa November 9, 1999
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**Signature of Reporting Person Date
** Intentional misstatements 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.
