<PAGE>
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FORM 4 OMB Approval
- ----------------------------- OMB Number: 3235-0287
[_] Check this box if no longer subject Expires: September 30, 1998
to Section 16. Form 4 or Estimated average burden
Form 5 obligations may hours per response........0.5
continue. See ---------------------------------
Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
<TABLE>
<S> <C> <C>
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol
Blum Bentley J. Commodore Environmental Services, Inc. (COES)
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for
Number of Reporting Month/Year
c/o Commodore Environmental Services, Inc. Person (Voluntary)
150 East 58th Street, Suite 3400
January 1998
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(Street) 5. If Amendment, Date of
Original (Month/Year)
New York New York 10155
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(City) (State) (Zip)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
X Director X 10% Owner
------- -------
-------Officer (give ------Other (specify below)
title below)
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7. Individual or Joint/Group Filing
(check applicable line)
X Form Filed by One Reporting Person
------
Form Filed by More Than One Reporting Person
------
</TABLE>
<TABLE>
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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<S> <C> <C>
1. Title of security (1) 2. Transaction 3. Transaction
(Instr. 3) Date Code
(Month/ (Instr. 8)
Day/
Year)
------------------
Code V
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Common Stock 1/30/98 C
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================================================================================================
================================================================================================
</TABLE>
<TABLE>
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<S> <C> <C> <C>
4. Securities Acquired (A) or Disposed 5. Amount of 6. Ownership 7. Nature of
of (D) Securities Form: In-direct
Beneficially Direct Beneficial
(Instr. 3, 4 and 5) Owned at (D) or Ownership
End of Indirect (Instr. 4)
Month (I) Instr.
(Instr. 3 4)
and 4)
- --------------------------------------- (2)
(A) or
Amount (D) Price
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255,687 A $0.513321 per share 28,479,737 D
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====================================================================================
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Page 1 of 2)
(Print or Type Responses) SEC 1474(7-96)
<PAGE>
FORM 4 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
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<S> <C> <C> <C> <C> <C>
1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Derivative 6. Date
(Instr. 3) sion or action tion Securities Acquired Exercisable
Exercise Date Code (A) or Disposed of and
Price of (Month/ (Instr. (D) Expiration
Derivative Day/ 8) (Instr. 3, 4, and 5) Date
Security Year) (Month/Day/Year)
-------------------
Date Expira-
Exercisable tion
Date
-------------------------------------
Code V (A) (D)
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Series C Convertible Preferred Stock $0.513321 1/30/98 C 13,215 1/30/95
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</TABLE>
<TABLE>
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<S> <C> <C> <C> <C>
7. Title and Amount of 8. Price of 9. Number 10. Owner- 11. Nature
Underlying Securities Deriv- of Deriva- ship of of Indirect
(Instr. 3 and 4) ative tive Form of Beneficial
Security Securities Derivative Owner-ship
(Instr.5) Beneficially Security: (Instr. 4)
Owned (D) or
at End Indirect
of Month (l)
(Instr. 4) (Instr. 4)
- -----------------------------
Title Amount or
Number of
Shares
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Common Stock 255,687 $0.513321 -0- D
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</TABLE>
<PAGE>
Explanation of Responses:
/s/Bentley J. Blum February 11, 1998
------------------------------- -----------------
**Signature of Reporting Person Date
(Bentley J. Blum)
**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.
(Page 2 of 2)
