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FORM 4
------ U.S. SECURITIES AND EXCHANGE COMMISSION
[ ] Check box if no longer WASHINGTON, DC 20549
subject to Section 16. Form
4 or Form 5 obligations may STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
continue. See Instruction 1(b).
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
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1. Name and Address of Reporting Person(1)|2. Issuer Name and Ticker or Trading Symbol |6. Relationship of Reporting Person
| Danielson Holding Corporation (DHC) | to Issuer (Check all applicable)
SZ Investments, L.L.C. | | Director X 10% Owner
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(Last) (First) (Middle) |3. IRS Identification | 4. Statement for | Officer (give title below)
| Number of | Month/Year | -----
Two North Riverside Plaza | Reporting Person, | | Other (specify below)
Suite 600 | if an Entity | August 2000 | -----
| (Voluntary) | |
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(Street) | | 5. If Amendment, |7. Individual or Joint/Group Filing
| | Date of Original | (Check applicable line)
| | (Month/Year) | X Form Filed by One Reporting Person
Chicago IL 60606 | | | --
-----------------------------------------|-------------------------------------------------| Form Filed by More than One
(City) (State) (Zip) | | -- Reporting Person
| |
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TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security |2. Transaction| 3. Transaction|4. Securities Acquired (A)| 5. Amount of|6. Owner- |7. Nature
(Instr. 3) | Date | Code | or Disposed of (D) | Securities | ship | of
| | (Instr. 8) | (Instr. 3, 4 and 5) | Beneficially| Form: | Indirect
| | | | Owned at End| Direct | Bene-
| |---------------|--------------------------| of Month | (D) or | ficial
| | | | | (A) | | (Instr. 3 | Indirect | Owner-
| (Month/Day/ | | | | or | | and 4) | (I) | ship
| Year) | Code | V | Amount | (D) | Price | |(Instr. 4)|(Instr. 4)
--------------------------------------|--------------|-------|-------|--------|------|----------|-------------|--------- |---------
Common Stock | N/A | | V |No Change | | 2,000,000 | D |
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| | | | | | | | |
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| | | | | | | | |
--------------------------------------|--------------|-------|-------|--------|------|----------|-------------|--------- |---------
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--------------------------------------|--------------|-------|-------|--------|------|----------|-------------|--------- |---------
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--------------------------------------|--------------|-------|-------|--------|------|----------|-------------|--------- |---------
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--------------------------------------|--------------|-------|-------|--------|------|----------|-------------|--------- |---------
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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 one reporting
person, see Instruction (4)(b)(v). Page 1 of
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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 | 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. 8)| quired (A) or | Date | (Instr. 3 and 4) | ative
| Deriv- | Day/ | | Disposed of (D)| (Month/Day/ | | Secur-
| ative | Year) | | (Instr. 3, 4, | Year) | | ity
| Security | | | and 5) | | | (Instr. 5)
| | | | |-------------------------------------|
| | | | |Date |Expira- | | Amount or |
| | |-------------------------------|Exer- |tion | Title | Number of |
| | | Code |V | (A) |(D) |cisable|Date | | Shares |
------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------
Warrant to purchase | $4.743391 |08/04/2000| J(2) | | | 102,000 |08/12 | 08/12 |Common | |
common stock (right to | (1) | | | | | |/1999 | /2003 |Stock | |
buy) | | | | | | | | (1) |par | |
| | | | | | | | |value 1,900,568
$.10 |
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------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------
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------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------
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------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------
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------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------
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------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------
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9. Number of | 10. Ownership | 11. Nature of
Derivative | Form of | Indirect
Securities | Derivative | Beneficial
Beneficially | Security: | Ownership
Owned at End | Direct (D) | (Instr. 4)
of Month | or Indirect (I) |
(Instr. 4) | (Instr. 4) |
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1,900,568 (1) | D |
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Explanation of Responses:
(1) Exercise price, expiration date and number of warrants may be adjusted /s/ Samuel Zell, President 09/08/2000
pursuant to Warrant Agreement. On December 30, 1999, pursuant to -------------------------------- ----------
anti-dilution provisions contained in the Warrant Agreement, the number of **Signature of Reporting Person(1) Date
shares to be exercised increased by 2,568 and the exercise price decreased By: Samuel Zell, President
from $4.75 to $4.74391 per share. SZ Investments, L.L.C.
(2) Warrants transferred to a third party by the Reporting Person in connection
with the retirement of such third party from the Reporting Person.
**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.
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(Print or Type Responses)
