FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. SEE Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchanges 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
OMB APPROVAL
OMB NUMBER 3235-0287
EXPIRES: APRIL 30, 1997
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE...0.5
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1. Name and Address of Reporting Person
Luria Peter
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(Last) (First) (Middle)
5770 Miami Lakes Drive
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(Street)
Miami Lakes FL 33014
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
L. Luria & Son, Inc. (LUR)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
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4. Statement for Month/Year August 1996
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer (Check all applicable)
x Director 10% Owner
x Officer (give title below) Other (specify below)
President/Treasurer
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<TABLE>
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<S> <C> <C> <C> <C> <C> <C>
7. Nature
6. Owner- of In-
ship Form: direct
5. Amount of Securities Direct (D) or Bene-
1. Title of 2. Transaction 3. Transaction 4. Securities Acquired (A) Beneficially Owned Indirect ficial
security Date Code or Disposed of (D) at End of Month (I) Ownership
(Instr. 3) (Month/Day/Year) (Instr. 8) (Instr. 3, 4, and 5) (Instr. 3 and 4) (Instr. 4) (Instr. 4)
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Code V Amount (A) Price
or (D)
Common Stock,
$.01 par value
401(k) 20,486 D
Common Stock,
$.01 par value
I.R.A. 795 D
Commom Stock,
$.01 par value 20 D
Class B Stock,
$.01 par value 8/9/96 S 290,000 D $6(1) 0 D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1474(8/92)
Page 1 of 2
<PAGE>
FORM 4 (continued)
TABLE II-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
1. Title of 2. Conver- 3. Trans- 4. Transac- 5. Number of 6. Date Ex- 7. Title and 8. Price 9. Number 10. Owner- 11. Nature
Derivative sion or action tion Derivative ercisable Amount of of of De- ship of In-
Security Exercise Date Code Securities and Ex- Underlying Deriv- rivative Form direct
(Instr. 3) Price of (Month/ (Instr. Acquired piration Securities ative Secur- of De- Bene-
Deriv- Day/ 8) (A) or Date (Instr. 3 Secur- ities rivative ficial
ative Year) Disposed (Month/ and 4) ity Bene- Security: Owner-
Security of (D) Day/Year) (Instr. ficially Direct ship
(Instr. 3, 5) Owned (D) or (Instr.
4, and 5) at End Indirect 4)
of Month (I)
(Instr. (Instr.
4) 4)
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Amount
Date or
Exer- Expi- Number
cis- ration of
Code V (A) (D) able Date Title Shares
Stock Option
(right to buy)
(2) $6.750 6/11/96 H* 6/11/93 6/11/96 Common 25,000 0
Stock
Stock Option
(right to buy)
(2) $9.125 8/9/96 H** 1/4/94 1/4/03 Common 100,000
Stock
Stock Option
(right to buy)
(2) $9.625 8/9/96 H** 4/7/95 4/7/04 Common 50,000 0
Stock
Stock Option
(right to buy)
(2) $6.125 8/9/96 H** 4/21/96 4/21/05 Common 50,000 0
Stock
Stock Option
(right to buy)
(3) $4 8/9/96 A V 8/9/96 8/9/06 Common 100,000 0 D
Stock
Explanation of Responses:
(1) 74.1% of the sale price was paid in cash; 25.9% of the sale price was paid by
delivery of promissory notes maturing in two years and bearing interest at the
rate of 8% per annum, with interest payable quarterly commencing on January 1, 1997.
(2) Options issued pursuant to the Issuer's Stock Option Plan.
(3) Grant to reporting person of option to buy 100,000 shares of Common Stock under the
L. Luria & Son, Inc. 1996 Stock Option Plan in a transaction exempt under
Rule 16b-3. The option becomes exercisable in 50 percent increments on
August 9, 1996 and August 9, 1997, respectively.
* Expiration for no value, exempt under Rule 16b-6(d)
** Cancellation for no value on August 9, 1996, exempt under Rule 16b-6(d)
** Intentional misstatements of facts constitute Federal Criminal Violations. /s/ Peter Luria September 10, 1996
SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). --------------------- ------------------
** Signature of Date
Reporting Person
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, SEE Instruction 6 for procedure.
</TABLE>
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SEC 1474 (8/92)
