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:
Raab John J.
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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): 03/99
5. If Amendment, Date of Original (Month/Year):
6. Relationship of Reporting Person to Issuer (Check all applicable):
Director 10% Owner
- ----- -----
X Officer (give title below): Other (specify below):
- ----- -----
SENIOR VICE PRESIDENT - INTERNATIONAL
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<TABLE>
TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<C> <C> <C> <C> <C> <C> <C>
1.Title 2.Trans- 3.Trans- 4.Secur- 5.Amount 6.Own- 7.Nature
of action action ities of ership of In-
Security Date Code Acquired Securi- Form: direct
(Instr.3) (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)
- -------- ------- ------- ------ ------- ------ -------
NONE
</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):
<C> <C> <C> <C> <C> <C>
1.Title 2.Conversion 3.Trans- 4.Trans- 5.Number 6.Date
of or Exercise action action of Deriv- Exer-
Derivative Price of Date Code ative cisable
Security Derivative (Month/ (Instr.8) 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)
- -------- ---------- -------- --------- -------- -------
EMPLOYEE $2.875 11/28/95 D (1) 50,000 Exercis.:
STOCK (D) (2)
OPTION Exp.:
(RIGHT 07/07/04
TO BUY) (2)
EMPLOYEE $1.00 05/01/98 A 50,000 Exercis.:
STOCK (A) (2)
OPTION Exp.:
(RIGHT 11/28/05
TO BUY) (2)
</TABLE>
<TABLE>
<C> <C> <C> <C> <C>
7. Title 8.Price of 9.Number 10. Owner- 11.Nature
and Derivative of Deriv- ship Form of In-
Amount of Security ative of Deriva- direct
Underlying (Instr. 5) Securities tive Secur- Bene-
Securi- Bene- ity: 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)
- ---------- ---------- ---------- ----------- ---------
Common -0- D
Stock
50,000
Common 50,000 D
Stock
50,000
</TABLE>
Explanation of Responses:
(1) Cancellation of option in connection with grant of replacement option due to
repricing of the existing option.
(2) The reported transaction involved the repricing of an existing option which
provided for vesting in three equal installments beginning November 28, 1996 and
an expiration date of July 7, 2004. At the time of repricing, the expiration
date was extended to November 28, 2005 and the vesting term was amended to
provide that 66-2/3% of the options granted were vested immediately, to continue
the vesting terms of the original options granted, and the vesting term of the
remaining 33-1/3% of the options granted remained unchanged.
/s/ John J. Raab March 22, 1999
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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).
