U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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).
1. Name and Address of Reporting Person
Dean W. Drulias
1611 Banks Street
Houston, TX 77006
2. Issuer Name and Ticker or Trading Symbol
Fortune Natural Resources Corporation - FPXA
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
September 2000
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)
Executive Vice President and General Counsel
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TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of |2. Transaction |3. Transaction |4. Securities | 5. Amount of |6. Ownership Form:|7. Nature of
Derivative | Date | Code | Acquired (A) or | Securities | Direct (D) or | Indirect
Security | | | Disposed of (D) | Beneficially | Indirect (I) | Beneficial
| (Month/Day/ | (Instr. 8) | Instr. 3, 4 and 5) | Owned at End | | Ownership
| Year) | | | | (A) or| | of Month | |
| | Code | V | Amount | (D) | Price | (Instr. 3 and 4) | (Instr. 4) | (Instr. 4)
-------------- -------------- ---------------- ----------------------- ------------------- ----------------- --------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 20,647 I 401(k) Plan
Common Stock 9/22/2000 S 31,241 D $0.41 -0-
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TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1.Title |2.Conver- |3.Trans- |4.Transac- |5.Number of |6.Date Exer- |7.Title and |8.Price|9.Number |10.Owner- |11.Nature
of | sion or | action | action | Derivative | cisable and | Amount of | of | of | ship | of In-
Deriva-| Exercise | Date | Code | Securities | Expiration | Underlying | Deriv-| Deriv- | Form of| direct
tive | Price of | | | Acquired (A)| Date | Securities | ative | ative | Deriv- | Bene-
Secur- | Derivative| | | or Disposed | | | Secur-| Secur- | ative | ficial
ity | Security | (Month/| (Instr. | of (D) | | (Instr. 3 | ity | ities | Secu- | Owner-
(Instr.| | Day/ | 8) | | (Month/Day/ | and 4) | | Bene- | rity: | ship
3) | | Year) | | (Instr. 3, | Year) | |(Instr.| ficially| Direct |
| | | | 4 and 5) | | | 5) | Owned | (D) or | (Instr.
| | | | | | | | at End | Indi- | 4)
| | | | | | |Amount | | of Month| rect |
| | | | |Date |Expira-| |or | | (Instr. | (I) |
| | | | | | |Exer- |tion | |Number | | 4) | (Instr. |
| | |Code | V |(A) | (D) |cisable|Date |Title |of Shares| | | 4) |
-------- ----------- --------- ---------- ------------- --------------- --------------- ------- ---------- ---------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock
Options 150,000 D(1) (unchaned)
Stock
Options 120,000 D(1) (unchanged)
Stock
Options 148,800 D(1) (unchanged)
Stock
Options 75,000 D(1) (unchanged)
Stock
Options 36,000 D(1) (unchanged)
Private
Warants 20,000 D (unchanged)
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(1) These amounts are listed separately as they each have different terms and
exercise prices.
SIGNATURE OF REPORTING PERSON
/s/ Dean W. Drulias
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DATE
October 1, 2000