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Previous: ENTERTAINMENT INC, 4, 1998-04-08 |
Next: PREMIUM CIGARS INTERNATIONAL LTD, DEF 14A, 1998-04-08 |
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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
/ / Check this box if STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
no longer subject to
Section 16. Form 4 or
Form 5 obligations may Filed pusuant to Section 16(a) of the Securities Exchange Act of 1934,
continue. Section 17(a) of the Public Utility Holding Company Act of 1935
See Instruction 1(b). or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading 6. Relationship of Reporting Person to
Symbol Issuer (Check all applicable)
<S> <C> <C> <C>
Polish Investments Holding L.P. @Entertainment, Inc. (ATEN)
(Last) (First) (Middle) 3. IRS Identifi- 4. Statement for ___ Director _X_ 10% Owner
cation Number of Month/Year
Reporting Person, March, 1998 ___ Officer ___ Other
if an entity (give title (specify below)
One Commercial Plaza (Voluntary) below)
(Street)
Hartford CT 06103
(City) (State) (Zip)
5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original (Check Applicable Line)
Month/Year _X_ Form filed by One Reporting Person
___ Form filed by More than One
Reporting Person
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Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security 2. Trans- 3. 4. Securities 5. Amount of 6. Owner- 7. Nature of
(Instr. 3) action Trans- Acquired (A) Securities ship Form: Indirect
Date action or Disposed of (D) Beneficially Direct Beneficial
Code (Instr. 3,4 and 5) Owned at End of (D) or Ownership
(Month (Instr.8) (A) Month Indirect
/Day/ or (I)
Year) Code V Amount (D) Price (Instr.3 and 4) (Instr. 4) (Instr. 4)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 10,303,000 D
*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.
(OVER)
(Print or Type Response)
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Page 1 of 3
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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)
1. Title of 2.Con- 3.Tran- 4.Tran- 5. Number 6.Date 7.Title and 8.Price 9.Number 10.Own- 11.Na
Derivative version saction saction of Deriv- Exer- Amount of of of ship ture
Security or Date Code ative cisable and Underlying Deriv- Deriv- Form of In-
(Instr.3) Exercise (Month/ (Instr. Securities Expiration Securities ative ative of direct
Price Day/ 8) Acquired Date (Instr.3 and 4) Secur- Secur- Deriv- Bene-
of Year) (A) or (Month/Day ity ities ative ficial
Deriv- Disposed Year) (Instr.5) Bene- Secur- Own-
ative of (D) ficially ity: ship
Security (Inst.3,4, Owned Direct (Instr.
and 5) at End (D) or 4)
of Indirect
Month (I)
(Instr.4) (Instr.4)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Code V (A) (D) Date Expir- Title Amount
Exer- ation or
cisableDate Number
of
Shares
Class B 1 for 1 3/19/98 J(1) 1,650,000 Immed. None Common 1,650,000 0
Partnership Stock
Interest
(obligation
to sell)
</TABLE>
Explanation of Responses: See Page 3.
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<CAPTION>
<S> <C> <C>
Polish Investments Holding L.P.
By: Chase Polish Enterprises, Inc.
General Partner
By:/s/ Cheryl A. Chase 4/8/98
** Signature of Reporting Person Date
Name: Cheryl A. Chase
Title: Executive Vice President
** 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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Page 2 of 3
<PAGE>
FORM 4 (continued)
Item 1: Polish Investments Holding L.P.
One Commercial Plaza
Hartford, CT 06103
Item 2: @Entertainment, Inc. (ATEN)
Item 4: March, 1998
Explanation of Responses:
(1) The reporting person, a limited partnership, created a new class of
preferred partnership interests (the "Preferred Interests")
and distributed such interests on a pro rata basis to all holders of its
common limited partnership interests and general partnership interests
(together, the "Common Interests"). The Preferred Interests represent
a pecuniary interest in 1,650,000 of the shares of Common Stock held by
the reporting person. Each Preferred Interest may be redeemed, at the
option of its holder, for shares of Common Stock. The 1,650,000 shares of
Common Stock for which the Preferred Interests are redeemable were
previously in the general pool of assets of the reporting person to which
the Common Interests relate. The Common Interests no longer represent any
pecuniary interest in such shares. The respective pecuniary interests of
each of the reporting person's partners remains unchanged by the creation
and pro rata distribution of the Preferred Interests.
Page 3 of 3
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