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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
EPSILON TRUST
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(Last) (First) (Middle)
C/O RADCLIFFES 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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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> <C> <C>
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COMMON STOCK 3/13/97 J 107,084 A 14.268
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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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305,196* D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form filed by more than one reporting person, see Instruction 4(b)(v) SEC 1474 (7/96)
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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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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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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 COMMON STOCK OF HWG
WAS EFFECTED BY EXCHANGING 87,678 SHARES OF COMMON STOCK OF SHOWBIZ PIZZA TIME,
INC. FOR 107,084 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>
** Intentional misstatements or omissions of facts constitute EPSILON TRUST 4/8/97
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 ----------
U.S.C. 78ff(a). By: /s/ KATHARINA HURKS /s/ JONATHAN LOW
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Name: Katharina Hurks Jonathan Low
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Title: Authorized signatories for Radcliffes
Trustee Company S.A., as Trustees of
the Epsilon Trust
Note: File three copies of this Form, one of which must
be manually signed. If space provided is insufficient,
see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this Page 2
form are not required to respond unless the form displays the currently valid OMB Number. SEC 1474 (7/96)
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