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-------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
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/X/ CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0207
LONGER SUBJECT TO EXPIRES: DECEMBER 31, 2001
SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ESTIMATED AVERAGE BURDEN
FORM 5 OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or HOURS PER RESPONSE .... 0.5
CONTINUE. SEE Section 30(f) of the Investment Company Act of 1940 -----------------------------
INSTRUCTION 1(b).
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
X Director 10% Owner
Levitsky David BigStar Entertainment, Inc./BGST ---- ----
--------------------------------------------------------------------------------------------- X Officer (give Other
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- title ---- (specify
Number of Reporting Month/Year below) below)
Person (Voluntary)
12/00 Executive Vice President, General
Manager and Secretary
c/o BigStar Entertainment, Inc. --------------------------------------
19 Fulton Street, Fifth Floor
-------------------------------------------- ---------------------7. Individual or Joint/Group Filing
(Street) 5. If Amendment, (Check Applicable Line)
Date of Original X Form filed by One Reporting Person
(Month/Year) --
Form filed by More than One
New York New York 10038 -- Reporting Person
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(City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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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
(Instr. 8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ ------------------------------------------- Month Indirect Owner-
Year) (A) or (I) ship
Code V Amount (D) Price (Instr. 3 (Instr. 4) (Instr. 4)
and 4)
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Common Stock 12/14/00 10,000 (D) .1492 803,000 D/I By The
12/14/00 10,000 (D) .1492 Levitsky
12/19/00 10,000 (D) .1492 1999
12/29/00 2,600 (D) .0525 Annuity
Trust
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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 currently valid OMB control number.
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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 Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action tion Code ative Securities cisable and Ex-
Exercise Date (Instr. 8) Acquired (A) or piration Date
Price of (Month/ Disposed of (D) (Month/Day/
Deriv- Day/ (Instr. 3, 4, and 5) Year)
ative Year)
Security
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Date Expira-
-------------------------------------- Exer- tion
cisable Date
Code V (A) (D)
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Options to purchase common stock $1.00 4/1/02
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7. Title and Amount of Under- 8. Price 9. Number 10. Ownership 11. Nature
lying Securities of of Deriv- Form of Indirect
(Instr. 3 and 4) Deriv- ative of De- Bene-
ative Securi- rivative ficial
Secur- ties Secu- Ownership
ity Bene- rity: (Instr. 4)
(Instr. ficially Direct
5) Owned (D) or
at End Indirect
Amount or of (I)
Title Number of Month (Instr. 4)
Shares (Instr. 4)
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Common Stock 48,500 48,500
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Explanation of Responses:
(1) Includes 32,478 shares owned by the Levitsky 1999 Annuity Trust.
(2) On December 22, Mr. Levitsky resigned as executive vice president and from
the board of directors of BigStar Entertainment, Inc.
January 10,
/s/ David Levitsky 2001
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**Intentional misstatements or omissions of facts constitute **Signature of Reporting Person Date
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 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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