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- ---------------- U.S. SECURITIES AND EXCHANGED COMMISION ----------------------------
|F O R M 5| Washington, D.C. 20549 | OMB APPROVAL |
- ---------------- |--------------------------|
[x] Check this box if no longer ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB Number 3235-0362|
subject to Section 16, Form 4 |Expires: December 31, 2001|
or Form 5 obligations may |Estimated ave. burden |
continue. See Instruction |hours per response.....1.0|
1 (b) Filed pursuant to Section 16(a) of the Securities Exchanged Act of 1934, ----------------------------
[ ] Form 3 Holdings Rep. Section 17(a) of the Public Utility Holding Company Act of 1935 or
[x] Form 4 Trans. Rep. Section 30(f) of the Investment Company Act 1940
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|1.Name and Address of Reporting Person* |2.Issuer Name and Ticker or Trading Symbol |6.Relationship of Reporting Person to |
| | | Issuer (Check all Applicable) |
| Bradley, B. Coleman | Newmark Homes Corp. - NHCH | |
| | | Director 10% Owner |
|----------------------------------------|------------------------------------------------|--- --- |
| (Last) (First) (MI)|3.IRS Identification |4.Statement for Month/ | Officer X Other |
| | Number of Reporting | Year |---(give title below) ---(Specify below)|
| | Person, if an entity | | |
| 17505 West Catawba Avenue, Suite 350 | (Voluntary) | December 31, 1999 | former officer (resigned 12/01/1999) |
| | | | -------------------------------------|
|----------------------------------------| |------------------------|----------------------------------------|
| (Street) | |5.If Amendment, Date of |7. Individual or Joint/Group Reporting |
| | | Original (Month/Year) | (Check Applicable Line) |
| | | | |
| | | | X Form filed by One Reporting Person |
| Cornelius, NC 28031 | | |--- |
| | | | Form filed by More than One |
| | | |--- Reporting Person |
|----------------------------------------------------------------------------------------------------------------------------------|
| (City) (State) (Zip) |
| TABLE I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned |
|----------------------------------------------------------------------------------------------------------------------------------|
|1.Title of Security |2.Transac- |3.Trans. |4.Security Acquired (A) or |5.Amount of |6. |7.Nature of Indirect|
| (Instr. 3) | tion Date | Code | Disposed of (D) | Securities |Own.| Beneficial |
| |(Mon/Day/Yr)|(Instr.8)| (Instr. 3, 4 & 5) | Beneficially |Form| Ownership |
| | | | | Owned at End of|(D) | (Instr. 4) |
| | | |-------------------------------| Issuer's |or | |
| | | | |(A) | | Fiscal Year |(I) | |
| | | | Amount |(D) | Price | (Instr. 3 & 4) | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
|<S> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
| | | | | | | | | |
| | | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
| | | | | | | | | |
| | | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
| | | | | | | | | |
| | | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
| | | | | | | | | |
| | | | | | | | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
*If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 2270 (3-99)
Potential persons who are to resond to the collection of information contained in this form are not required
to respond unless the form displays a currently valid OMB control number.
PAGE: 1 OF 2
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FORM 5 (continued) TABLE II - Derivative Securities Acquired, Disposed of, Beneficially Owned
(e.g., puts, calls, warrants, options, convertible security)
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|1.Title of|2.Conver-|3. |4.Tran- |5.Number of |6.Date |7.Title and Amount |8.Price of|9.Number |10. |11.Nature |
|Derivative|sion or |Trans| saction| Derivative |Exercisable| of Underlying |Derivative| of |Own.| of |
|Security |Exercise |Date | Code | Securities |and | Securities |Security |Derivative|Form|Indirect |
|(Instr. 3)|Price of |(Mon/|(Instr.8)| Acquired (A) or |Expiration | (Instr. 3 & 4) |(Instr. 5)|Securities|of |Beneficial|
| |Deriva- | Day/| | Disposed of (D) |Date | | |Benefi- |Deri|Ownership |
| |tive |Year)| | (Instr. 3, 4 & 5) |(Month/Day/| | |cially |Sec.|(Instr. 4)|
| |Security | | | | Year) | | |Owned at |Dir.| |
| | | | | |-----------|---------------------| |End of |(D) | |
| | | | | | | | |Amount or | |Year |or | |
| | | | |---------------------|Date |Exp. | Title |Number of | |(Instr. 4)|Ind.| |
| | | | | (A) | (D) |Exbl.|Date | |Shares | | |(I) | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|<S> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |<C> |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
|Stock | (1) |12/15| H | | |12/15|12/15| Common | 80,640 | (1) | 0 | D | |
|Option | |/1999| | | |/1999|/1999| Stock | | | | | |
|Plan - | | | | | | | | | | | | | |
|Plan to | | | | | | | | | | | | | |
|Buy | | | | | | | | | | | | | |
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Explanation of Responses:
(1) The options were exercisable at various anniversaries of the date of the Issuer's initial public offering of common stock
("IPO") for an exercise price equal to the offering price to the public in the Issuer's IPO. The Issuer exercised its right
to terminate the options upon a change of control and to pay the "spread" between the exercise price and the closing price of the
common stock on the date of the change of control (December 15, 1999). There was no spread, and the options expired and terminated
on December 15, 1999.
**Intentional misstatements or omissions of facts constitute Federal /s/ B. Coleman Bradley 02/14/2000
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ---------------------------------------- ----------
**Signature of Reporting Person Date
Note: File three copies of this form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure. SEC 2270 (3-99)
Potential persons who are to respond to the collections of information contained in this form are not
required to respond unless the form displays a currently valid OMD Number
PAGE: 2 OF 2
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