U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section
30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person*
(Last) Forrester (First) Robert (Middle)
(Street) 1215 Executive Dr. West, Suite 102
(City) Richardson (State) TX (Zip) 75081
2. Date of Event Requiring Statement (Month/Day/Year) March 3, 1999
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and
Ticker or Trading Symbol Transnational Financial Corporation (TFN)
5. Relationship of Reporting Person to Issuer
(Check all applicable)
( X ) Director ( ) 10% Owner
( ) Officer (give title below) ( ) Other (specify below)
6. If Amendment, Date of Original (Month/Year)
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>
<CAPTION>
Table I -- Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4 ) Beneficially Owned Direct (D) or Indirect (I) Beneficial Ownership
(Instr. 4) (Instr. 5)
<S> <C> <C> <C>
Common Stock 12,500 D
</TABLE>
* If the Form is filed by more than one Reporting Person, see
Instruction 5(b)(v)
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
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FORM 3 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Beneficially
Owned (e.g., puts, calls, warrants, options, convertible
securities)
1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) cisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Derivative Security Exercise Form of (Instr. 5)
Date (Instr. 4) Price of Deriv-
(Month/Day/ Deriv- ative
Year) ative Security:
Amount Security Direct
Date Expir- or (D) or
Exer- tion Title Number Indirect
cisable Date of (I)
Shares (Instr. 5)
<S> <C> <C> <C> <C> <C> <C>
Non-qualified Stock option 8/17/98 8/17/08 Common Stock 20,000 $7.50 D
Non-qualified Stock option 2/9/99 8/17/08 Common Stock 40,000 $7.50 D
</TABLE>
Explanation of Responses:
/s/ Robert A. Forrester 03/09/99
**Signature of Reporting {Person) Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78(ff)(a)
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient. See Instruction 6 for procedure.
Alternatively, this form is permitted to be submitted to the Commission
in electronic format at the option of the reporting person pursuant to Rule
101(b) (4) of Regulation S-T.
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