- ------
FORM 4
- ------
<TABLE>
<CAPTION>
U.S. SECURITIES AND EXCHANGE COMMISSION
/ / Check this box if no longer WASHINGTON, D.C. 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
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1.Name and Address of Reporting Person* 2.Issuer Name and Ticker or Trading Symbol 6.Relationship of Reporting Person to Issuer
Fuerst Kim M. Colorado Wyoming Reserve Company (CWYR) X Director X 10% Owner
- ------------------------------------------------------------------------------------- ----- -----
(Last) (First) (Middle) 3.IRS or Social Security 4.Statement for X Officer (give Other (Specify
Number of Reporting Month/Year ----- title ----- below)
751 Horizon Court, Suite 205 Person (Voluntary) May 1999 below)
- ------------------------------------------ -----------------
(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
-----
Form filed by more than one
Grand Junction Colorado 81506 ----- Reporting Person
- ------------------------------------------------------------------------------------------------------------------------------------
(City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
1.Title of Security 2.Trans- 3.Transaction 4.Securities Acquired (A) 5.Amount of 6.Ownership 7.Nature of
(Instr. 3) action Code or Disposed of (D) Securities Form: Indirect
Date (Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct (D) or Beneficial
Owned at End Indirect (I) Ownership
(Month/ of Month (Instr. 4) (Instr. 4)
Day/ ---------------------------------------- (Instr. 3 and 4)
Year) Code V Amount (A) or Price
(D)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock, 5/28/99 P 2,000,000 A $.10/share 2,112,500 D
$.01 par value
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
* If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or Type Response) (Over)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
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
- ------------------------------------------------------------------------------------------------------------------------------------
Employee Stock Option $0.25 5/17/99 A V 500,000 10/18/96 10/17/06 Common 500,000
(right to buy) Stock
- ------------------------------------------------------------------------------------------------------------------------------------
Employee Stock Option $1.00 5/17/99 D V 500,000 10/18/96 10/17/06 Common 500,000
(right to buy) Stock
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
- ------------------------------------------------------------------------------------------
Employee Stock Option 500,000 D
(right to buy)
- ------------------------------------------------------------------------------------------
Employee Stock Option -0- D
(right to buy)
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Explanation of Responses:
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Kim M. Fuerst June 8, 1999
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). -----------------------------------------
*Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 6 for procedure.
</TABLE>
