FORM 4
(X) Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may continue.
See Instruction 1(b).
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
|---------------------|
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB NUMBER: 3235-0287|
|EXPIRES: |
| DECEMBER 31, 2001 |
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE ... 0.5 |
Holding Company Act of 1935 |_____________________|
or Section 30(f) of the Investment
Company Act of 1940
- ---------------------------------------------------------------------------
1. Name and Address of Reporting Person
Filler Mark A.
----------------------------------------------------------------------
(Last) (First) (Middle)
226 Prospect Avenue
-----------------------------------------------------------------------
(Street)
Highland Park IL 60035
-----------------------------------------------------------------------
(City) (State) (Zip)
- ---------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
Prism Financial Corporation / PRFN
- ---------------------------------------------------------------------------
3. I.R.S. Identification Number of Reporting Person, if an entity
(Voluntary)
- ---------------------------------------------------------------------------
4. Statement for Month/Year
April 2000
- ---------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Year)
- ---------------------------------------------------------------------------
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director
(X) 10% Owner
(X) Officer (give title below)
( ) Other (specify title below)
President and Chief Executive Officer
---------------------------------------------
- ---------------------------------------------------------------------------
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 I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED
- ---------------------------------------------------------------------------
1. Title of Security (Instr. 3)
(1) Common Stock
(2) Common Stock
(3) Common Stock
(4) Common Stock
- ---------------------------------------------------------------------------
2. Transaction Date (Month/Day/Year)
(1) March 8, 2000
(2) March 8, 2000
(3) April 20, 2000
(4) April 20, 2000
- ---------------------------------------------------------------------------
3. Transaction Code (Instr. 8)
(1) J, V (See Note 1)
(2) J, V (See Note 1)
(3) U
(4) U
- ---------------------------------------------------------------------------
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)
(1) D 466,669 (See Note 1)
(2) A 466,669 (See Note 1)
(3) D 1,400,002 $7.50 per share
(4) D 466,669 $7.50 per share
- ---------------------------------------------------------------------------
5. Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
0
- ---------------------------------------------------------------------------
6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4)
(1) D
(2) I
(3) D
(4) I
- ---------------------------------------------------------------------------
7. Nature of Indirect Beneficial Ownership (Instr. 4)
(2) and (4) (See Note 1)
- ---------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
===========================================================================
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY
OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
- ---------------------------------------------------------------------------
1. Title of Derivative Security (Instr. 3)
(1) Employee Stock Options (right to acquire)
(2) Employee Stock Options (right to acquire)
- ---------------------------------------------------------------------------
2. Conversion or Exercise Price of Derivative Security
(1) $3.375
(2) $3.375
- ---------------------------------------------------------------------------
3. Transaction Date (Month/Day/Year)
(1) January 1, 2000
(2) April 25, 2000
- ---------------------------------------------------------------------------
4. Transaction Code (Instr. 8)
(1) A,V
(2) J (See Note 2)
- ---------------------------------------------------------------------------
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
(1) A 100,000
(2) D 100,000
- ---------------------------------------------------------------------------
6.Date Exercisable and Expiration Date (Month/Day/Year)
(1) and (2) exercisable: (See Note 2)
expiration: January 21, 2010
- ---------------------------------------------------------------------------
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
(1) Common Stock, 100,000 shares
(2) Common Stock, 100,000 shares
- ---------------------------------------------------------------------------
8. Price of Derivative Securities (Instr. 5)
(2) $4.125
- ---------------------------------------------------------------------------
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
0
- ---------------------------------------------------------------------------
10. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 4)
D
- ---------------------------------------------------------------------------
11. Nature of Indirect Beneficial Ownership (Instr. 4)
- ---------------------------------------------------------------------------
EXPLANATION OF RESPONSES:
Note 1 Mark A. Filler transferred 466,669 shares to the Filler Growth and
Retention Fund I LP as a capital contribution. The closing price on Nasdaq
for the transfer date was $4.88 per share. Mark A. Filler is the sole
general partner.
Note 2 This option, which provided for vesting upon a change of control of
the issuer, was canceled pursuant to the merger agreement among Prism
Financial Corporation, Prism Acquisition Subsidiary, Inc. and Royal Bank of
Canada (the "Merger Agreement") in exchange for a cash payment of $412,500,
representing the difference between the exercise price of the option and
the cash merger consideration provided for by the Merger Agreement.
/s/ Mark A. Filler May 10, 2000
-------------------------------- ------------
** 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. 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.
===========================================================================
