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FORM 4 OMB APPROVAL
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----- Check this box if no longer OMB Number: 3235-0287
subject to Section 16. Form 4 Expires: September 30, 1998
----- or Form 5 obligations may Estimated average burden
continue. SEE Instruction 1(b). hours per response .... 0.5
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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 or Type Responses)
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1. Name and Address of Reporting Person*
Griffin, John A.
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(Last) (First) (Middle)
c/o JAG Holdings LLC
660 Madison Avenue, 20th Floor
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(Street)
New York, New York 10021
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Kasper A.S.L. Ltd.
KASP
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
10/00
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5. If Amendment, Date of Original (Month/Year)
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Page 1 of 4
<TABLE>
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director
[x] 10% Owner
[ ] Officer (give title below)
[ ] Other (specify below)
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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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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A)
(Instr. 3) action action or Disposed of (D)
Date Code (Instr. 3, 4 and 5)
(Month/ (Instr. 8) --------------------------
Day/ ----------- Amount (A) or Price
Year) Code V (D)
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<S> <C> <C> <C> <C> <C> <C>
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Common Stock 10/02/00 S 730,000 A(1) $0.1875
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Common Stock NONE
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5. Amount of 6. Ownership 7. Nature of
Securities Form: Direct Indirect
Beneficially (D) or Indirect Beneficial
Owned at End (I) (Instr. 4) Ownership
of Month (Instr. 4)
(Instr. 3
and 4)
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0 I (1)
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</TABLE>
Page 2 of 4
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, SEE
Instruction 4(b)(v).
FORM 4 (continued)
<TABLE>
<CAPTION>
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative 2. Conver- 3. Transac- 4. Transac- 5. Number of
Security (Instr. 3) sion or tion Date tion Code Derivative
Exercise (Month/ (Instr. 8) Securities
Price of Day/ ------------ Acquired (A)
Deriv- Year) Code V or Disposed
ative of (D) (Instr.
Security 3, 4, and 5)
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(A) (D)
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<S> <C> <C> <C> <C> <C> <C>
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6. Date Exer- 7. Title and Amount 8. Price of
cisable and of Underlying Derivative
Expiration Date Securities Security
(Month/Day/ (Instr. 3 and 4) (Instr. 5)
Year) -------------------
----------------- Amount or
Date Expira- Title Number of
Exer- tion Shares
cisable Date
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<C> <C> <C> <C> <C>
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Page 3 of 4
</TABLE>
<TABLE>
<CAPTION>
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9. Number of 10. Ownership 11. Nature of
Derivative Form of Indirect
Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at Direct (D) or (Instr. 4)
End of Month Indirect (I)
(Instr. 4) (Instr. 4)
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<C> <C> <C>
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</TABLE>
Explanation of Responses
(1) The shares of Common Stock to which this note relates were held directly
by Blue Ridge Limited Partnership ("Blue Ridge") (730,000 shares). JAG
Holdings LLC (the "Investment Manager") serves as investment manager to and
has investment discretion over the securities held by Blue Ridge. The
undersigned is the sole managing member of the Investment Manager. In
accordance with Instruction 4(b)(iii), the entire number of shares of Common
Stock held by Blue Ridge is reported herein. The undersigned disclaims any
beneficial ownership of the securities to which this Form 4 relates for
purposes of Section 16 of the Securities and Exchange Act of 1934, as
amended, except as to such securities representing the undersigned's pro rata
interest in, and interest in the profits of Blue Ridge.
**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 is insufficient, SEE Instruction 6 for procedure.
/s/ John A. Griffin 10/27/00
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**Signature of Reporting Person Date
Page 4 of 4
2030853.1
