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
October 1996
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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,
par value $0.01 per share 10/21/96 S(1) - 46,272 D $28.75 17,839 D -
10/24/96 S(1) - 9,254 D $28.75 17,839 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
Derivate Exercise Price Date Code Derivative Exercisable
Security of Derivative (Month/ Securities and Expiration
(Instr.3) Security Day/Year) Acquired (A) Date
or Disposed
(D) (Instr.3, (Month/Day/Year)
4 and 5)
Code V (A) (D) Date Expiration
Exercisable Date
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Options (2) - - - - - (2) (2)
Class B Common
Stock, par value (3) - - - - 11/6/96 N/A
$0.01 per share
</TABLE>
<TABLE CON'T>
<TABLE>
<CAPTION>
7.Title and 8.Price of 9.Number of 10.Ownership 11.Nature
Amount of Derivative Derivative Form of of
Underlying Security Securities Derivative Indirect
Securities (Instr. 5) Beneficially Security: Beneficial
(Instr.3 and Owned at End Direct (D) Ownership
4) of Month or (Instr.4)
(Instr.4) Indirect (I)
(Instr.4)
Title Amount or
Number of
Shares
<C> <C> <C> <C> <C> <C>
Common Stock, 89,378 (2) 89,378 D -
par value $0.01
per share
Common Stock, 22,345 (3) 22,345 D -
par value $0.01
per share
</TABLE>
Explanation of Responses:
(1) On October 21 1996, the reporting person sold 46,272 shares of Common
Stock in an underwritten public offering at a price of $28.75 per share. On
October 24,1996, the reporting person sold an additional 9,254 shares of
Common Stock pursuant to the exercise by the underwriters of an
over-allotment option granted in connection with such underwritten public
offering at a price of $28.75 per share.
(2) All options were granted pusuant to the 1988 Stock Option Plan. Of such
options, 67,034 are immediatly exercisable and the remaining 22,344 options
vest and become exercisable on July 1,1997. All options expire five years
after the dates of vesting. Of the options which are immediately
exercisable, 22,344 are exercisable at $5.01 per share, 22,345 are
exercisable at $4.48 per share, and 22,345 are exercisable at $8.95 per
share. The options which are not immediately exercisable have an exercise
price of $5.01 per share.
(3) 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 Matthews 11/7/96
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**Signature of Reporting Person Date
NORMAN MATTHEWS
