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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION
---------- WASHINGTON, D.C. 20549
[_] Check box if no
longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
to Section 16.
Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities
obligations may Exchange Act of 1934, Section 17(a) of the
continue. See Public Utility Holding Company Act of 1935 or
Instruction 1(b). Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Bay Harbour Management, L.C.
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(Last) (First) (Middle)
777 S. Harbour Island Blvd.; Suite 270
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(Street)
Tampa Florida 33602
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol Kaspar A.S.L., Ltd (KASP)
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3. IRS Identification Number of Reporting Person, if an Entity
(Voluntary) 59-3418243
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4. Statement for Month/Year 6/00
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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)
___ Director ___ Officer X 10% Owner ___ Other
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(give title below) (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
____ Form filed by one Reporting Person
X 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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<CAPTION>
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1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
of action action or Disposed of (D) Securities ship of In-
Security Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 3) (Month/ (Instr. 8) Owned at Direct Bene-
Day/ ----------------------------------------------- End of (D) or ficial
Year) Month Indirect Owner-
Code V Amount (A) or Price (Instr. 3 and 4) (I) ship
(D) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock, $0.1 6/9/00 P 45,506 A $2.625 1,021,277 I
par value
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(Over)
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* If the Form is filed by more than one Reporting Person, see Instructions
4(b) (v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Response)
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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)
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<CAPTION>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv-
Security (Instr. 3) sion or action tion Code ative Securities
Exercise Date (Instr. 8) Acquired (A) or
Price of (Month/ Disposed of (D)
Deriv- Day/ (Instr. 3, 4, and 5)
ative Year)
Security
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Code V (A) (D)
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<S> <C> <C> <C> <C> <C> <C>
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<CAPTION>
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6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na-
cisable and Underlying Securities of of Deriv- ship ture
Expiration (Instr. 3 and 4) Deriv- ative Form of In-
Date ative Secur- of De- direct
(Month/Day/ Secur- ities rivative Bene-
Year) ity Bene- Security: ficial
(Instr. ficially Direct Owner-
-------------------------------------------- 5) Owned (D) ship
Date Expira- Amount or at End (Instr.
Exer- tion Title Number of of or Indi- 4)
cisable Date Shares Month rect (1)
(Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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Explanation of Responses:
SIGNATURES ON ATTACHED PAGE
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**Signature of Reporting Person
** 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.
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Additional Reporting Persons I.R.S. Identification No.
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Tower Investment Group, Inc. 59-2924229
777 South Harbour Island Blvd.
Suite 270
Tampa, FL 33602
Steven A. Van Dyke N/A
777 South Harbour Island Blvd.
Suite 270
Tampa, Fl 33602
Douglas P. Teitelbaum N/A
885 Third Avenue
34/th/ Floor
New York, New York 10022
Signatures of Reporting Persons
BAY HARBOUR MANAGEMENT, L.C.
Dated: July 7, 2000 By: /s/ Steven A.Van Dyke
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Name: Steven A.Van Dyke
Title: President
TOWER INVESTMENT GROUP, INC.
Dated: July 7, 2000 By: /s/ Steven A.Van Dyke
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Name: Steven A.Van Dyke
Title: President
Dated: July 7, 2000 /s/ Steven A. Van Dyke
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Steven A. Van Dyke
Dated: July 7, 2000 /s/ Douglas P. Teitelbaum
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Douglas P. Teitelbaum
