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*
Colucci, William R.
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(Last) (First) (MI)
120 Olive Street, Suite 705
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(Street)
West Palm Beach Florida 33401
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(City) (State) (Zip)
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)
__________________________________________________________________________
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)
[ X ] Director [ ] 10% Owner
[ ] Officer [ ] Other
(give title below) (specify below)
____________
__________________________________________________________________________
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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Common Stock
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2. Transaction Date (Month/Day/Year)
August 20, 1999
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August 18, 1999
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3. Transaction Code (Instr. 8) Code | V
P |
___________________________________________________________________________
Transaction Code (Instr. 8) Code | V
G | V
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4. Securities Acquired (A) or Disposed (D)
(Instr. 3, 4 & 5)
1,800,000
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200,000
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Amount | (A) or(D) | Price |
| | See Explan- |
| A | ation of |
| | Responses |
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Amount | (A) or(D) | |
| | |
| D | |
| | |
- --------------------------------------------------------------------------
5. Amount of Securities Beneficially Owned at the End of the
Month (Instr. 3 and 4)
1,810,541
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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)
_________________________________________________________________________
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
___________________________________________________________________________
3. Transaction Date (Month/Day/Year)
__________________________________________________________________________
4. Transaction Code (Instr. 8) Code | V
|
________________________________________________________________________
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
|
|
_________________________________________________________________________
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title | Amount or Number of Shares
|
__________________________________________________________________________
8. Price of Derivative Security (Inst. 5)
__________________________________________________________________________
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. Colucci, an officer and director of the Issuer,
along with another officer and director of the Issuer, entered into an
agreement with David M. Bovi, a majority shareholder of the Issuer's Common
Stock whereby pursuant to such agreement, Mr. Colucci acquired 1,800,000 shares
of the Issuer's common stock from Mr. Bovi in exchange for $10.00 cash and the
promise and commitment to assist in the funding and financing of the Issuer's
operation, on an as needed basis, in the amount of up to $27,500.00.
/s/ William R. Colucci 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.
