UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Michealcheck, William J.
65 East 55th Street
New York, NY 10022
2. Date of Event Requiring Statement (Month/Day/Year)
11/01/99
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Laser Mortgage Management Inc. LMM
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X)
Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify
below)
President
6. If Amendment, Date of Original (Month/Day/Year)
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 Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
(Instr. 4) | Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | (Instr. 5) |
| Owned | Indirect(I) | |
| (Instr. 4) | (Instr. 5) | |
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<S> <C> <C> <C>
Common Stock | 836,900 | D(1) | Via Fund(1) |
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* If form is filed by more than one reporting person, see Instruction 5(b)(v). (Over)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-96)
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Form 3 (continued) Table II - Derivative Securitites Beneficially Owned (e.g.,
puts, calls, warrants, options, convertible securities)
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Ownership |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |Form of | Beneficial Ownership |
(Instra. 4) | Expiration | Securities (Instr. 4)| |exercise |Derivative | (Instr. 5) |
| Date(Month/ |-----------------------|---------|price of |Security: | |
| Day/Year) | |Amount |deri- |Direct(D) or | |
| Date | Expira- | |or |vative |Indirect(I) | |
| Exer- | tion | Title |Number of|Security |(Instra. 5) | |
| cisable | Date | |Shares | | | |
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<S> <C> <C> <C> <C> <C> <C> <C>
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Explanation of Responses:
(1) Mariner Investment Group, Inc. ("Mariner"), is the General Partner to Mariner Partners, L.P., a Delaware, limited
partnership which owns securities of the issuer. Mr. Michaelcheck is the chairman and sole stockholder of Mariner. As a result,
Mr. Michaelcheck and Mariner may be deemed to have voting and investment control over the securities of the issuer owned by
Mariner Partners, L.P. under Rule 16a-(a)(1) of the Securities Exchange Act of 1934. Mr. Michaelcheck and Mariner disclaim
beneficial ownership of the securities held by Mariner Partners, L.P. except to the extent of their respective pecuniary
interest therin, if any.
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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 provided
is sufficient, 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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