U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
FORM 4
- -----Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may 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.
1. Name and Address of Reporting Person:
DAVIS EUGENE I.
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(Last) (First) (Middle)
C/O EMERSON RADIO CORP., 9 ENTIN ROAD
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(Street)
PARSIPPANY NJ 07054
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol:
EMERSON RADIO CORP. (MSN-AMEX)
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Statement for (Month/Year): 11/96
5. If Amendment, Date of Original (Month/Year):
6. Relationship of Reporting Person to Issuer (Check all applicable):
X Director 10% Owner
- ----- -----
X Officer (give title below): Other (specify below):
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PRESIDENT
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<TABLE>
TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<CAPTION>
1.Title of 2.Trans- 3.Trans- 4.Secur- 5.Amount 6.Own- 7.Nature
Security action action ities of ership of In-
(Instr.3) Date Code Acquired Securi- Form: direct
(Month/ (Instr. (A) or ties Direct Bene-
Day/ 8) Disposed Benefi- (D) or ficial
Year) of (D) cially In- Owner-
(Instr. Owned at direct ship
3,4 and End of (I) (Instr.
5) Month (In- 4)
(Instr. str.
3 and 4) 4)
- --------- ------- -------- ------- -------- ------ -------
<C> <C> <C> <C> <C> <C> <C>
COMMON 11/6/96 J* 50,000 40,000 D N/A
STOCK (D)
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
<TABLE>
TABLE II - Derivative Securities Acquired, Disposed of, or
Beneficially Owned (E.G., puts, calls, warrants, options,
convertible securities):
<CAPTION>
1.Title 2.Conversion 3.Trans- 4.Trans- 5.Number 6.Date
of or Exercise action action Code of Deriv- Exer-
Derivative Price of Date (Instr.8) active cisable
Security Derivative (Month/ Securi- and Ex-
(Instr.3) Security Day/Year) ties piration
Acquired Date
(A) or (Month/
Disposed Day/
of (D) Year)
(Instr.
3,4 and
5)
- -------- ----------- --------- ---------- --------- --------
<C> <C> <C> <C> <C> <C>
STOCK $1.00 7/7/94 A 600,000 Exer.:**
OPTION (A) Ex.:
7/7/04
<CAPTION>
7. Title 8.Price of 9.Number 10. Owner- 11.Nature
and Deriv- of Deriv- ship Form of In-
Amount of ative ative of Deriva- direct
Underlying Security Securities tive Secu- Bene-
Securi- (Instr.5) Bene- rity: ficial
ties ficially Direct (D) Owner-
(Instr.3 Owned at or Indirect ship
and 4) End of (I) (Instr.4)
Month (Instr.4)
(Instr.4)
- ---------- ---------- ---------- ----------- ---------
<C> <C> <C> <C> <C>
COMMON $1.00 600,000 D N/A
STOCK
600,000
</TABLE>
Explanation of Responses:
*On November 6, 1996 the Davis Family Partnership, which owned 90,000 common
shares, was dissolved and shares owned by same were distributed to family
members, 40,000 of which were transferred to Mr. Davis individually.
**On July 7, 1994 the reporting person was granted an option to purchase 600,000
shares of common stock pursuant to Emerson Radio Corp. Stock Compensation
Program; the Program was approved by the stockholders on August 8, 1994. The
option vests in three equal annual installments beginning July 7, 1995.
/s/ Eugene I. Davis 12/10/96
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**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).
