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
- -----------------------------------------------------------------------------
1. Name and Address of Reporting Person
Turk Cynthia Cohen
(Last) (First) (Middle)
c/o Marketplace 2000; 1001 S. Bayshore Dr.; Suite 1806
Miami Florida 33141
- -----------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
Loehmann's, Inc. (LOEH)
- -----------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)
- -----------------------------------------------------------------------------
4. Statement of Month/Year
05/96
- -----------------------------------------------------------------------------
5. If Amendment, Date or Original (Month/Year)
- -----------------------------------------------------------------------------
6. Relationship of Reporting Person to Issuer
(Check all applicable)
X Director 10% Owner
---------- ----------
Officer (give title below) Other
---------- ---------- (specify
below)
- -----------------------------------------------------------------------------
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 May 08, 1996 X 44,680 A $5.59 -0-
$0.01 per share
X 44,680 D $23.625 -0-
</TABLE>
- -----------------------------------------------------------------------------
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>
SAR(1) 5.59 5/8/96 X 44,680 Common Stock, 44,680
SAR(1) 8.95 (2) (3) par value $0.01 22,340
per share
</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)
0
22,340 D
Explanation of Responses:
(1) Granted to reporting person by Sefinco Ltd., a stockholder of the issuer.
(2) SAR's vest in certain circumstances including upon a public offering in
which 20% or more of Sefinco Ltd's shares are included
(3) Unvested SAR's lapse on June 1, 1997. Vested and unredeemed SAR's lapse on
June 1, 1998.
**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/ Cynthia Cohen Turk 6/08/96
- ----------------------------------------------- ------------------
**Signature of Reporting Person Date
Cynthia Cohen Turk
