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OMB Number: 3235-0287
Expires: September 30, 1998
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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*
Rees John Nicholas
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(Last) (First) (Middle)
101 Granite Street
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(Street)
Rockport, MD 01966
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Hanover Capital Mortgage Holdings, Inc. HCM
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
Aug 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)
[x] Director [_] 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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<TABLE>
<CAPTION>
6. Owner-
4. Securities Acquired (A) or 5. Amount of ship
Disposed of (D) Securities Form:
2. Transaction 3. Transaction (Instr. 3, 4 and 5) Beneficially Direct 7. Nature of
Date Code ------------------------------- Owned at End (D) or Indirect
1. Title of Security (Month/ (Instr. 8) (A) of Month Indirect Beneficial
(Instr. 3) Day/ ------------ Amount or Price (Instr. 3 (I) Ownership
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 20,000 D
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</TABLE>
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).
(Over)
SEC 1474 (7-96)
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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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<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 Option Common
(Right to Acquire) 15.00 * * Stock 2,000 2,000 D
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Common
Options ** 4.625 8/29/99 A 2,000 8/29/99 8/28/09 Stock 2,000 2,000 D
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</TABLE>
Explanation of Responses: *Subject to certain requirements, options may vest on
a ratable monthly basis over a 48 month period commencing with the month
that includes the closing of the initial public offering and ar exercisable
at the initial offering price of the Units. Options expire one day less
than ten years from the date of the initial public offering.
** Options exercisable immediately and expire one day less than 10 years
from grant date.
/s/ John Nicholas Rees 9/10/99
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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 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.
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SEC 1474 (7-96)
