FORM 4
[ ] Check this box if no
longer subject to
Section 16, Form 4 or
Form 5 obligations may
continue. See Instruction 1(b)
U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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
____________________________________________________________________________
1. Name and Address of Reporting Person*
Bovi David M.
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(Last) (First) (MI)
319 Clematis Street, Suite 812
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(Street)
West Palm Beach Florida 33401
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Harbor Town Holding Group I, Inc. No Trading Symbol
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year | 5. If Amendment, Date
| Of Original
| (Month/Year)
August 1999 |
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6. Relationship of Reporting Persons to Issuer (Check all
applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer [ ] Other
(give title below) (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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1. Title of Security (Instruction 3)
Common Stock
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2. Transaction Date (Month/Day/Year)
August 20, 1999
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3. Transaction Code (Instr. 8) Code | V
S |
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4. Securities Acquired (A) or Disposed (D)
(Instr. 3, 4 & 5)
8,815,625
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Amount | (A) or(D) | Price |
| | See Explan- |
| D | ation of |
Responses
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5. Amount of Securities Beneficially Owned at the End of the
Month (Instr. 3 and 4)
9,115,625
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
D
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
<PAGE> Page Two of Two
FORM 4
Table II - Derivative Securities Acquired, Disposed of, or
Beneficially Owned (e.g., puts, calls, warrants, options,
convertible securities)
1. Title of Derivative Security (Instr. 3)
N/A
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2. Conversion or Exercise Price of Derivative Security
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3. Transaction Date (Month/Day/Year)
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4. Transaction Code (Instr. 8) Code | V
|
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5. Number of Derivative Securities Acquired (A) or Disposed of
(D) (Instr. 3,4, and 5) (A) | (D)
|
___________________________________________________________________________
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable | Expiration Date
|
|
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7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title | Amount or Number of Shares
|
__________________________________________________________________________
8. Price of Derivative Security (Inst. 5)
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9. Number of derivative Securities Beneficially Owned at End of
Month (Inst. 4)
____________________________________________________________________________
10. Ownership Form of Derivative Security: Direct (D) or Indirect
(I) (Instr. 4)
_________________________________________________________________
11. Nature of Indirect Beneficial Ownership (Instr. 4)
_________________________________________________________________________
Explanation of Responses:
On August 20, 1999, Mr. Bovi entered into an agreement with two officers and
directors of the Issuer, whereby pursuant to such agreement, Mr. Bovi
transferred to such persons 8,815,625 shares of the Issuer's common stock in
exchange for $10.00 cash and their promise and commitment to assist in the
funding and financing of the Issuer's operations, on an as needed basis, in
the amount of up to $27,500.00.
/s/David M. Bovi September 9, 1999
**Signature of Date
Reporting Person
** 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.
