<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 Roger M.
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
c/o Reckson Associates Realty Corp.
225 Broadhollow Road
- --------------------------------------------------------------------------------
(Street)
Melville, New York 11747
- --------------------------------------------------------------------------------
(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
___ Officer (give title below) ___ Other (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
<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 465,634 A $1.03 499,821 D
Common Stock 7/9/98 P 721,371 A $1.03 721,371 I* By Trusts**
====================================================================================================================================
</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
- ---------------------------- ------------------ ------------------ -------- --------- ---------- ------------ --------- -------
<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:
* The reporting person disclaims beneficial ownership for purposes of Section
16 or for any other purpose.
** The shares are held in trusts for the benefit of persons other than the
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).
/s/ Roger Rechler 8/7/98
------------------------------------- -------
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)
