U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
FORM 4 OMB APPROVAL
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[ ] CHECK THIS BOX IF NO LONGER OMB NUMBER 3235-0287
SUBJECT TO SECTION 16. EXPIRES: DECEMBER 31, 2001
FORM 4 OR FORM 5 OBLIGATIONS EXTIMATED AVERAGE BURDEN
MAY CONTINUE. SEE INSTRUCTION HOURS PER RESPONSE......0.5
1(b).
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
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1. Name and Address of Reporting Person
SALVATORE, PETER
35 Seagate Road
Staten Island, NY
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2. Issuer Name and Ticker or Trading Symbol
TAM Restaurants, Inc. ("TAMR")
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3. IRS or Social Security Number or 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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6. Relationship of Reporting Person to Issuer (Check all applicable)
[X] 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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<TABLE>
<CAPTION>
1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of
of Security action action or Disposed of (D) Securities Ship Form: Indirect Bene-
(Instr. 3) Date Code (Instr. 3, 4 and 5) Beneficially Direct (D) ficial Owner-
(Month/ (Instr.8) Owned at or Indirect ship
Day/Year) ---------------------------------------------- End of Month (I) (Instr. 4)
Code V Amount (A) or Price (Instr. 3 and 4) (Instr. 4)
(D)
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<S> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Print or Type Responses)
(Over)
SEC 1474 (7-97)
POTENTIAL PERSONS WHO ARE RESPONSIBLE 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>
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TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
1. Title 2. Conver- 3. Trans- 4. Transac- 5. Number 6. Date 7.Title and 8. Price 9. Number of 10. Owner- 11. Nature
of Deriv- sion or action tion Code of Deriv- Exerciable Amount of of Deriva- Derivative ship Form of Indir-
ative Exercise Date (Instr. 8) ative Se- and Expir- Underlying tive Secur- Securities of Deriv- ect Bene-
Security Price of (Month/ curities ation Date Securities ity (Instr. Beneficially ative Se- ficial
(Instr. 3) Derivative Day/Year) Acquired (Month/Day/ (Instr. 5) Owned at End curity: Ownership
Security (A) or Year) 3 & 4) of Month Direct (Instr. 4)
Disposed ------------------------- (Instr. 4) (D) or
of (D) Date Expir- Amt. or Indirect
(Instr. Exer- ation Title Num. of (I) (Instr.
3, 4 & 5) cisable Date Shares 4)
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Code V (A) (D)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Convertible $.15 10/21/00 P $500,000 10/21/00 10/21/03 Common 3,333,333 500,000 $500,000 (D)
Debenture Stock
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</TABLE>
Explanation of Responses:
/s/ PETER SALVATORE 10/30/00
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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 respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
