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UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
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- - -------- Washington, D.C. 20549 OMB Number 3235-0287
FORM 4 Expires: December 31, 2001
- - -------- STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Estimated average burden
hours per response. . . .0.5
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[ ] Check this box if no Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the
longer subject to Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
Section 16. Form 4 or
Form 5 obligations
may continue.
See Instruction 1(b).
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1. Name and Address of Reporting | 2. Issuer Name and Ticker or | 6. Relationship of Reporting Person(s) to Issuer
Person* | Trading Symbol | (Check all applicable)
| |
| | [X] Director [X] 10% Owner
Friedensohn David | BigStar Entertainment, Inc./BGST | [X] Officer (give [ ] Other (specify
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(Last) (First) (Middle) | 3. IRS or Social Security| 4. Statement for |
| Number of Reporting | Month/Year | Chief Executive Officer
| Person (Voluntary) | | -------------------------------------
c/o BigStar Entertainment, Inc. | | 8/99 |
19 Fulton Street, Fifth Floor | |-----------------------------------------------------------------------
- - -------------------------------| | 5.If Amendment, | 7. Individual or Joint/Group Filing
(Street) | | Date of Original| (Check Applicable Line)
| | (Month/Year) | [X] Form filed by One Reporting Person
New York New York 10038 | | | [ ] Filed by More than One Reporting Person
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(City) (State) Zip) | Table 1 - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security | 2. Trans-| 3. Trans- | 4. Securities Acquired | 5. Amount of | 6. Owner- |7. Nature
(Instr. 3) | action| action | (A) or Disposed of (D)| Securities | ship | of In-
| Date | Code | (Instr.3, 4 and 5) | Beneficially| Form: | direct
| (Month/| (Instr. 8)| | Owned at | Direct | Beneficial
| Day/ |-----------------------------------------| End of Month| (D) or | Owner-
| Year) | | | | (A) or | | | Indirect | ship
| | Code | V | Amount | (D) | Price| (Instr.3 | (I) |
| | | | | | | and 4) | (Instr.4)| (Instr.4)
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| | | | | | | | |By The
Common Stock | 8/3/99 | P | | 1,100 | (A) |$10.00| 1,071,100[1]| D/I |Friedensohn 1999
| | | | | | | | |Annuity Trust
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| | | | | | | | |By The
Common Stock | 8/17/99 | P | | 3,000 | (A) |$ 5.89| 1,071,100[1]| D/I |Friedensohn 1999
| Annuity Trust
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than oine reporting person, see Instruction 4(b)(v).
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
control number.
(Over)
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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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1.Title of |2.Conver- |3.Transac-|4.Transac-|5.Number |6. Date Exer-|7.Title and |8.Price |9.Number |10.Owner- |11.Nature
Derivative | sion or | tion | tion | of Der- | cisable | Amount of | of | of Deriv-| ship | of
Security | Exercise| Date | Code | ivative | and Exp- | Underlying | Deriv-| ative | Form of | Indirect
(Instr. 3) | Price of| | (Instr.8)| Securi- | iration | Securities | ative | Secur- | Deriv- | Benefi-
| Deriv- | (Month/ | | ities | Date | (Instr.3 | Secur-| ities | ative | cial
| ative | Day/ | | Acquired | (Month/ | and 4) | ity | Bene- | Security:| Owner-
| Security| Year) | | (A) or | Day/Year) | | (Instr.| ficially | Direct | ship
| | | | Disposed | | | 5) | Owned | (D) or | (Instr.4)
| | | | of(D) |-----------------------------| | at End | Indirect |
| | | | (Instr.3,|Date |Expir|Title|Amount or| | of | (I) |
| | | | 4 and 5):|Exer- |ation| |Number of| | Month | (Instr.4)|
| | |----------------------|cisable|Date | |Shares | | (Instr.4) | |
| | | Code | V | (A) | (D) | | | | | | | |
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Explanation of Responses:
[1] Includes 48,500 shares of common stock indirectly beneficially owned by
Mr. Friedensohn and held by The Friedensohn 1999 Annuity Trust
/s/ David Friedensohn September 2, 1999
**Intentional misstatements or omissions of facts constitute ---------------------------------- -----------------
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
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.
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