<PAGE> 1
---------------------------
OMB APPROVAL
---------------------------
------ OMB Number: 3235-0307
FORM 4 Expires: December 31, 2001
------ Estimated average burden
hours per response .... 0.5
---------------------------
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if no
longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1935
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
(Print or Type Responses)
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
Friedensohn David BigStar Entertainment, Inc./BGST to Issuer (Check all applicable)
--------------------------------------------------------------------------------------------- X Director X 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
c/o BigStar Entertainment, Inc. Number of Reporting Month/Year X Officer (give Other (Specify
19 Fulton Street, Fifth Floor Person (Voluntary) 08/00 ---- title --- below)
--------------------------------------------- ------------------- below)
(Street) Chief Executive Officer
----------------------------
----------------------------------------------------------
5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original (Check applicable Line)
(Month/Year) X Form filed by One
---- Reporting Person
Filed by More than
New York New York 10038 ---- One Reporting Person
------------------------------------------------------------------------------------------------------------------------------------
(City) (State) (Zip) TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 8/15/00 P 8,500 (A) $.75 1,099,601(1) D/I By The
Friedensohn
1999 An-
nuity Trust
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 8/15/00 P 2,000 (A) $.6875 1,099,601(1) D/I By The
Friedensohn
1999 An-
nuity Trust
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 8/15/00 P 3,000 (A) $.625 1,099,601(1) D/I By The
Friedensohn
1999 An-
nuity Trust
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 8/15/00 P 5,000 (A) $.5625 1,099,601(1) D/I By The
Friedensohn
1999 An-
nuity Trust
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 8/15/00 P 500 (A) $.5312 1,099,601(1) D/I By The
Friedensohn
1999 An-
nuity Trust
------------------------------------------------------------------------------------------------------------------------------------
Common Stock 8/15/00 P 1,000 (A) $.5312 1,099,601(1) D/I By The
Friedensohn
1999 An-
nuity Trust
------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one 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 current valid OMB
control number.
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ 8) Disposed of (Month/Day/ Secur-
ative Year) (D) (Instr. 3, Year) ity
Security 4, and 5) (Instr. 5)
-----------------------------------
Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
------------------------------------------------------------------------------------------------------------------------------------
Stock $1.00 4/15/99 3/15/04 Common 194,000(2)
Options Stock
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
-------------------------------------------------------------------------------------------------------
Stock Options 194,000 D
-------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------
Explanation of Responses:
(1) Includes 43,142 shares of common stock indirectly beneficially owned by
Mr. Friedensohn and held by The Friedensohn 1999 Annuity Trust.
(2) An aggregate of 194,000 options were granted to Mr. David Friedensohn on
March 15, 1999. Of which 4,073 stock options vested on April 15, 1999, 4,041
stock options vested on the 15th of each month from May 15, 1999 through
August 15, 1999 and 4,041 vest on the 15th of each month thereafter.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ David Friedensohn September 6, 2000
------------------------------- -------------------
**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.
Potential persons who are 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
</TABLE>
