FORM 4 OMB APPROVAL
OMB NUMBER:3235-0287
EXPIRES:APRIL 30, 1997
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE 0.5
[ ]Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may
continue. See Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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
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1. Name and Address of Reporting Person
Matthews Norman S.
(Last) (First) (Middle)
11 Lincoln Lane
Purchase New York 10577
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2. Issuer Name and Ticker or Trading Symbol
Loehmann's, Inc. (LOEH)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement of Month/Year
05/96
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5. If Amendment, Date or Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
X Director 10% Owner
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Officer (give title below) Other
---------- ---------- (specify
below)
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Table I - Non-Derivative Securties Acquired, Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
2.Transaction 3.Transaction 4.Securities 5.Amount of 6.Ownership 7.Nature of
1. Title of security Date Code Acquired (A) Securities Form: Indirect
(Inst.3) (Month/Day/Year) (Instr. 8) or Disposed Beneficially Direct (D) Beneficial
of (D)(Instr. Owned at End or Ownership
3,4,and 5) of Month Indirect (Instr.4)
(Instr.3 and 4) (I)
(Instr.4)
Code V Amount (A) Price
or
(D)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock May 10, 1996 S 5,084 D $15.81 73,365 D
</TABLE>
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Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly. (Print or Type Response)
<PAGE>
FORM 4 (CONTINUED)TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF
OR BENEFICIALLY OWNED (E.G., PUTS, CALLS,
WARRANTS, OPTIONS, CONVERTIBLE
SECURITIES)
<TABLE>
<CAPTION>
1. Title of 2. Conversion or 3. Transaction 4.Transaction 5. Number of 6.Date 7.Title and
Derivate Exercise Price Date Code Derivative Exercisable Amount of
Security of Derivative (Month/ Securities and Expiration Underlying
(Instr.3) Security Day/Year) Acquired (A) Date Securities
or Disposed (Instr.3 and
(D) (Instr.3, (Month/Day/Year) 4)
4 and 5)
Code V (A) (D) Date Expiration Title Amount or
Exercisable Date Number of
Shares
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Options(1) (2) (3) 89,378
Class B Common Stock 11/6/96 N/A 22,345
</TABLE>
8.Price of 9.Number of 10.Ownership 11.Nature
Derivative Derivative Form of of
Security Securities Derivative Indirect
(Instr. 5) Beneficially Security: Beneficial
Owned at End Direct (D) Ownership
of Month or (Instr.4)
(Instr.4) Indirect (I)
(Instr.4)
(4) (D)
(5) (D)
Explanation of Responses:
(1) All options were granted pursuant to the 1988 Stock Option Plans.
(2) All options are immediately exercisable, except option to purchase 44,689
shares of Common Stock at an exercise price $5.01 per share, which option
vests and becomes exercisable in two equal annual installments at the end
of fiscal 1996 and 1997.
(3) Options expire five years after the dates of vesting.
(4) Option to purchase 44,689 shares is exercisable at $5.01 per share. Option
to purchase 22,345 shares is exercisable at $4.48 per share. Option to
purchase 22,345 shares is exercisable at $8.95 per share.
(5) One share of Class B Common Stock is convertible into one share of Common
Stock.
**Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually
signed. If space provided is insufficient,
SEE Instruction 6 for procedure.
/s/ Norman S. Matthews 6/03/96
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**Signature of Reporting Person Date
Norman S. Matthews
