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OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Falk David B.
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(Last) (First) (Middle)
5335 Wisconsin Avenue, N.W.
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(Street)
Washington DC 20015
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
SFX Entertainment, Inc. (NASDAQ:SFXE) ("SFX")
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3. IRS or Identification Number of Reporting Person (Voluntary)
###-##-####
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4. Statement for Month/Year
December 1998
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ X ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Officer of the Chairman
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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>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (Month/Day/ Code V (D) and 4) (Instr.4) (Instr. 4)
Year)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A Common Stock of SFX("SFX 12/03/98 S 2,800 D $51 1/4
Common Stock")
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SFX Common Stock 12/03/98 S 58,100 D $51 3/8
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SFX Common Stock 12/03/98 S 21,200 D $51 1/2
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SFX Common Stock 12/03/98 S 12,400 D $51 5/16
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SFX Common Stock 12/03/98 S 23,000 D $51 7/16
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SFX Common Stock 12/03/98 S 500 D $51 27/64
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SFX Common Stock 12/03/98 S 5,500 D $51 5/8
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SFX Common Stock 12/03/98 S 2,500 D $51 3/4
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SFX Common Stock 12/04/98 S 28,700 D $51 1/4
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
(Print or Type Response)
SEC 1474 (7-96)
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Options to acquire 100,000 D
shares of SFX
Common Stock
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</TABLE>
Explanation of Responses:
/s/ David B. Falk 1/7/99
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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 insufficient, see Instruction 6 for procedures.
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.
Page 2 of 4
SEC 1474 (7-96)
(122797DTI)
<PAGE>
FORM 4 (continued)
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
Item 1 (Name and Address of Reporting Person):
Falk, David B.
5335 Wisconsin Avenue, N.W.
Washington, D.C. 20015
Item 2 (Issuer Name and Ticker or Trading Symbol):
SFX Entertainment, Inc. (NASDAQ:SFXE)
Item 4 (Statement for Month/Year):
December 1998
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (Month/Day/ Code V (D) and 4) (Instr.4) (Instr. 4)
Year)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SFX Common Stock 12/04/98 S 2,000 D $51 3/8
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SFX Common Stock 12/04/98 S 1,300 D $51 5/16
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SFX Common Stock 12/04/98 S 8,000 D $50 5/8
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SFX Common Stock 12/04/98 S 15,000 D $50 9/16
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SFX Common Stock 12/04/98 S 5,500 D $50 1/2
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SFX Common Stock 12/04/98 S 100 D $50 1/4
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SFX Common Stock 12/04/98 S 3,300 D $50
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SFX Common Stock 12/04/98 S 100 D $49 15/16
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SFX Common Stock 12/04/98 S 2,000 D $49 7/8
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SFX Common Stock 12/07/98 S 3,000 D $49 7/8
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SFX Common Stock 12/08/98 S 10,000 D $49 7/8
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SFX Common Stock 12/08/98 S 4,000 D $50
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SFX Common Stock 12/08/98 S 2,500 D $49 15/16
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SFX Common Stock 12/09/98 S 300 D $49 11/16
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SFX Common Stock 12/09/98 S 200 D $49 21/32
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</TABLE>
Page 3 of 4
<PAGE>
FORM 4 (continued)
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
Item 1 (Name and Address of Reporting Person):
Falk, David B.
5335 Wisconsin Avenue, N.W.
Washington, D.C. 20015
Item 2 (Issuer Name and Ticker or Trading Symbol):
SFX Entertainment, Inc. (NASDAQ:SFXE)
Item 4 (Statement for Month/Year):
December 1998
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SFX Common Stock 12/09/98 S 12,000 D $50
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SFX Common Stock 12/09/98 S 1,000 D $50 1/8
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SFX Common Stock 12/10/98 S 5,900 D $49 3/4
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SFX Common Stock 12/10/98 S 34,000 D $50
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SFX Common Stock 12/10/98 S 12,500 D $49 7/8
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SFX Common Stock 12/10/98 S 100 D $49 13/16
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SFX Common Stock 12/10/98 S 21,000 D $50 1/16
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SFX Common Stock 12/10/98 S 8,300 D $50 3/16
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SFX Common Stock 12/10/98 S 7,000 D $50 1/4
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SFX Common Stock 12/10/98 S 1,000 D $50 5/16
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SFX Common Stock 12/10/98 S 3,800 D $50 1/8
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SFX Common Stock 12/10/98 S 4,000 D $49 15/16
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SFX Common Stock 12/10/98 S 2,400 D $49 5/8 325,000 D
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</TABLE>
Page 4 of 4
