U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 4
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Belanger, A. Douglas
1940 Seafirst Financial Center
Spokane, WA 99201
USA
2. Issuer Name and Ticker or Trading Symbol
Gold Reserve Corporation
GLDR
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
7/96
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)
Executive Vice President - Secretary
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock - Previsously | | | | | | |377,272 |D | |
Reported | | | | | | | | | |
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Common Stock |7/29/9|S | |5,000 |D |9.83 | | | |
|6 | | | | | | | | |
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Common Stock |7/30/9|S | |5,000 |D |9.955 |367,272 |D | |
|6 | | | | | | | | |
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| | | | | | |750 |I |By Spouse |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Options - Previo|5.625 | | | | | | | |Common |180,000| | | | |
usly Reported | | | | | | | | | | | | | | |
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Stock Options - Previo|1.125 | | | | | | | |Common |20,000 | | | | |
usly Reported | | | | | | | | | | | | | | |
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Stock Options - Previo|1.125 | | | | | | | |Common |55,000 | | | | |
usly Reported | | | | | | | | | | | | | | |
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Stock Options - Previo|7.063 | | | | | | | |Common |85,000 | |340,000 |D | |
usly Reported | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
