<TABLE>
<CAPTION>
- ----------- -------------------------------
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION | OMB APPROVAL |
- ----------- Washington, D.C. 20549 | |
-------------------------------
[ ] Check this box if | |
no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB Number 3235-0287 |
to Section 16. Filed pursuant to Section 16(a) of the Securities Exchange Act of |Expires: February 1, 1998 |
Form 4 or Form 5 1934, Section 17(a) of the Public Utility Holding Company Act of |Estimated average burden |
obligations may 1935 or Section 30(f) of the Investment Company Act of 1940 |hours per response.......0.5 |
continue. See -------------------------------
Instruction 1(b).
(Print or Type Responses)
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
| |
1. Name and Address of Reporting Person* | 2. Issuer Name and Ticker or Trading Symbol | 6. Relationship of Reporting
| | Person(s) to Issuer
Rahr Stewart | CONTINENTAL INVESTMENT CORP. (CICG) | (Check all applicable)
- ----------------------------------------------|--------------------------|-------------------|
(Last) (First) (Middle) | | |
| 3. IRS or Social Se- |4. Statement for | __ Director X 10% Owner
152-35 10th Avenue | curity Number of | Month/Year | __ Officer __ Other
- ----------------------------------------------| Reporting Person | | (give title (specify
(Street) | (Voluntary) | | below) below)
| | |
| | NOVEMBER 1998 | _________________
| | |
| | |
| | |
| |----------------------------------------------------------
| |5. If Amendment, |7. Individual or Joint/Group Filing
| | Date of Original| (Check Applicable Line)
Whitestone NY 11357 | | (Month/Day/Year)| ___Form filed by One Reporting Person
| | | X Form filed by More than One
| | | Reporting Person
- ----------------------------------------------|------------------------------------------------------------------------------------
(City) (State) (Zip) | Table I -- Non-Derivative Securities, Acquired, Disposed of, or Beneficially Owned
- -----------------------------------------------------------------------------------------------------------------------------------
1. Title of Security | 2. Trans- | 3. Trans- | 4. Securities Acquired (A)|5. Amount of |6. Owner- | 7. Nature of
(Instr. 3) | action | action | or Disposed of (D) | Securities | ship | Indirect
| Date | Code | | Beneficially | Form: | Bene-
| | | | Owned at | Direct | ficial
| (Month/| | | End of Month | (D) or | Ownership
| Day/ | (Instr. 8)| (Instr.3, 4 and 5) | | Indirect |
| Year) |------|-------|---------|----------|------| | (I) |
| |Code | V |Amount |(A) or (D)|Price | (Instr. 3 and 4)| (Instr. 4) | (Instr. 4)
- --------------------------|-----------|------|-------|---------|----------|------|-----------------|-----------------|-------------
Common Stock | | | | | | | 935,795 | D |
- --------------------------|-----------|------|-------|---------|----------|------|-----------------|-----------------|--------------
Common Stock | | | | | | | 829,758 | I | See Note 1
- --------------------------|-----------|------|-------|---------|----------|------|-----------------|-----------------|--------------
| | | | | | | | |
- --------------------------|-----------|------|-------|---------|----------|------|-----------------|-----------------|--------------
| | | | | | | | |
- --------------------------|-----------|------|-------|---------|----------|------|-----------------|-----------------|--------------
| | | | | | | | |
- --------------------------|-----------|------|-------|---------|----------|------|-----------------|-----------------|--------------
| | | | | | | | |
- --------------------------|-----------|------|-------|---------|----------|------|-----------------|-----------------|--------------
| | | | | | | | |
===================================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Response) SEC 1474 (3/91)
</TABLE>
<PAGE>
FORM 4 (Continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
1. Title of |2.(Conver-|3.Trans-|4.Trans-|5.Number of |6.Date Exer- |7.Title and |8.Price |9.Number |10.Owner-|11.Nature
Derivative | sion or | action| action| Derivative | cisable | Amount of | of | of deriv-| ship |of
Security | Exercise| Date | Code | Securities | and | Underlying | Deri- | ative | Form of |Indirect
(Instr. 3) | Price of| |(Instr. | Acquired | Expiration | Securities | vative| Securi- | Deriva- |Benefi-
| Deriv- | | 8) | (A) or Dis- | Date | (Instrs. 3 | Secu- | ties | tive |cial
| ative | | | posed of | (Month/Day/ | and 4) | rity | Benefi- | Secu- |Owner-
| Security| (Month/| | (D) | Year) | | (Instr.| cially | rity: |ship
| | Day/ | |(Instrs. 3, 4, | | | 5) | Owned | Direct |(Instr.4
| | Year) | | and 5) | | | | at End | (D) In- |
| | | | -----------------|-------------- | of Month | direct |
| | | | |Date |Expira- | |Amount| | (Instr. 4| (I) |
| | | | |Exer- |tion |Title |or | | |(Instr.4)|
|----------|--------|----|---|-------|---------|cisa- |Date | |Number| | | |
| | | | | | |ble | | |of | | | |
| | | | | | | | | |Shares| | | |
| | |Code| V | (A) | (D) | | | | | | | |
- --------------|----------|--------|----|---|-------|---------|-------|--------|------|------|--------|----------|---------|---------
OPTION TO | $35.00 |11/28/98| H | | | 200,000 |5/28/96|11/28/98|Common| 200, | $35.00 | | |
PURCHASE | | | | | | | | |Stock | 000 | | | |
See Note #2 | | | | | | | | | | | | | |
- --------------|----------|--------|----|---|-------|---------|-------|--------|------|------|--------|----------|---------|---------
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
- --------------|----------|--------|----|---|-------|---------|------ |--------|------|------|--------|----------|---------|---------
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
- --------------|----------|--------|----|---|-------|---------|------ |--------|------|------|--------|----------|---------|---------
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
- --------------|----------|--------|----|---|-------|---------|-------|--------|------|------|--------|----------|---------|---------
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
- --------------|----------|--------|----|---|-------|---------|-------|--------|------|------|--------|----------|---------|---------
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
- --------------|----------|--------|----|---|-------|---------|-------|--------|------|------|--------|----------|---------|---------
Explanation of Responses:
NOTE #1: 729,758 SHARES IN A TRUST CREATED BY ME ON MAY 27, 1997, OF WHICH I
AM A CO-TRUSTEE AND THE BENEFICIARY UNTIL MAY 2002; 100,000 SHARES OWNED BY
MY WIFE, CAROL RAHR.
NOTE #2: ONE OPTION FOR 200,000 SHARES EXPIRED ON NOVEMBER 28, 1998.
** Intentional misstatements or omissions of facts
constitute Federal Criminal Violations. -------------------------------------- ---------
** Signature of Reporting Person Date
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 provided is insufficient, see Instruction 6 for procedure.
Page 2
SEC 1474 (3/91)
</TABLE>
