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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
OMB APPROVAL
OMB NUMBER 3235-0287
EXPIRES: SEPTEMBER 30, 1998
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE . . . . 0.5
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
/ / CHECK THIS BOX IF NO LONGER
SUBJECT TO SECTION 16. FORM 4
OR FORM 5 OBLIGATIONS MAY
CONTINUE. SEE INSTRUCTION 1(b).
(Print or Type Responses)
1. Name and Address of Reporting Person
ALPHA TRUST
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(Last) (First) (Middle)
C/O RADCLIFFEES TRUSTEE COMPANY S.A. 9 RUE, CHARLES HUMBERT
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(Street)
1205 GENEVA, SWITZERLAND
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
THE HALLWOOD GROUP INCORPORATED ("HWG")
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
MARCH 1997
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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)
Director X 10% Owner
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Officer (give title below) Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY
OWNED
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<CAPTION>
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1. Title of Security 2. Transaction Date 3. Transaction Code 4. Securities Acquired (A) or
(Instr. 3) (Month/Day/Year) (Instr.8) Disposed of (D) (Instr. 3, 4
and 5)
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Code / V Amount / (A) or (D) / Price
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<S> <C> <C> <C>
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COMMON STOCK 3/13/97 J 160,625 A 14.628
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<CAPTION>
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5. Amount of Securities 6. Ownership Form: Direct 7. Nature of Indirect
Beneficially Owned (D) or Indirect (I) Beneficial Ownership
at End of Month (Instr. 4) (Instr. 4)
(Instr. 3 and 4)
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<S> <C> <C> <C>
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457,791* D
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FORM 4 (CONTINUED)
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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<CAPTION>
1. Title of Derivative 2. Conversion or 3. Transaction 4. Transaction 5. Number of Derivative 6. Date Exercisable and
Security (Instr. 3) Exercise Price Date (Month/ Code (Instr. 8) Securities Acquired Expiration Date
of Derivative Day/Year) (A) or Disposed of (Month/Day/Year)
Security (D) (Instr. 3, 4,
and 5)
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Code / V (A) / (D) Date Expiration
Exercisable Date
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
<TABLE>
<CAPTION>
7. Title and Amount 8. Price of 9. Number of 10. Ownership 11. Nature of
of Underlying Derivative Derivative Form of Indirect
Securities (Instr. Security Securities Derivative Beneficial
3 and 4) (Instr. 5) Beneficially Security: Ownership
Owned at Direct (D) (Instr. 4)
Amount or End of or Indirect
Number of Month (I) (Instr. 4)
Title Shares (Instr. 4)
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<S> <C> <C> <C> <C> <C>
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Explanation of Responses: The acquisition of the shares of HWG common stock
was effected by exchanging 131,516 shares of ShowBiz Pizza Time, Inc. for
160,625 shares of HWG common stock.
* The number of securities beneficially owned reflects a one-for-four-reverse
stock split which was effective 6/25/95.
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<S> <C>
ALPHA TRUST
By: /s/ Katharina Hurks /s/ Jonathan Low
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** Intentional misstatements or omissions of facts constitute ** Signature of Reporting Person
Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Name: Katharina Hurks Jonathan Low 4/8/97
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Note: File three copies of this Form, one of which must Date
be manually signed. Title: Authorized signatories for
If space provided is insufficient, see Instruction 6 for procedure. ----------------------------------
Radcliffes Trustee Company S.A.,
as Trustees of the Alpha Trust.
Page 2
SEC 1474(8-92)
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