<TABLE>
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
<CAPTION>
<S> <C> <C>
FORM 4 Filed pursuant to Section 16(a) of the OMB APPROVAL
- ------ Securities Exchange Act of 1934, Section ------------
/ / Check this box if no longer 17(a) of the Public Utility Holding Company OMB Number 3235-0287
subject to Section 16. Form 4 Act of 1935 or Section 30(f) of the Investment Expires: September 30, 1998
of Form 5 obligations may continue. Company Act of 1940 Estimated average
See Instruction 1(b). burden hours
per response....0.5
</TABLE>
(table continued)
1. Name and Address of Reporting Person
Rechler Scott H.
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(Last) (First) (Middle)
c/o Reckson Associates Realty Corp.
225 Broadhollow Road
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(Street)
Melville, New York 11747
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Reckson Service Industries, Inc. (RSII)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
7/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
X Director ___ 10% Owner
X Officer (give title below) ___ Other (specify below)
President, Chief Executive Officer
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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
<TABLE>
TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
<CAPTION>
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Month/ (Instr. 8) Owned at Direct Bene-
Day/ End of (D) or ficial
Year) Month Indirect Owner-
(Instr. 3 (I) ship
and 4) (Instr. 4) (Instr. 4)
--------------------------------------------
Code V Amount (A) or Price
(D)
- ---------------------------- ----------- ------- ------- -------- ------- ---------- -------------- ------------ -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 7/9/98 P 991,417 A $1.03 1,012,845 D
Common Stock 7/9/98 G 110,528 D $1.03 902,317 D
Common Stock 7/16/98 P 51,297 A $1.03 953,614 D
====================================================================================================================================
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(table continued)
FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<TABLE>
<CAPTION>
1. Title of Derivative 2. Conversion 3. Transaction 4. Transaction 5. Number of Deriv- 6. Date Exer-
Security or Exercise Date Code ative Securities cisable and
(Instr. 3) Price of (Month/Day/ (Instr. 8) Acquired (A) or Expiration
Derivative Year) Disposed of (D) Date (Month/
Security (Instr. 3, 4, and 5) Day/Year)
Date Expira-
Exer- tion
Code V (A) (D) cisable Date
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
</TABLE>
(table continued)
<TABLE>
<CAPTION>
1. Title of Derivative 7. Title and Amount of 8. Price of 9. Number of 10. Ownership 11. Nature
Security Underlying Securities of Derivative Derivative Form of Deri- of Indi-
(Instr. 3) (Instr. 3 and 4) Security Securities vative Secu- rect
(Instr. 5) Beneficially rity: Direct Benefi-
Owned at End (D) or cial
of Month Indirect (I) Owner-
(Instr. 4) (Instr. 4) ship
(Instr. 4)
Amount or
Number of
Title Shares
- ----------------------------- ----------------- ---------- ----------------- ----------------- ------------------ -------------
<S> <C> <C> <C> <C> <C> <C>
</TABLE>
Explanation of Responses:
Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Scott Rechler 8/7/98
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**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.
Page 2
SEC 1474 (8-92)
