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FORM 4
[ ] Check this box if no ------------------------------------
longer subject to OMB APPROVAL
Section 16. Form 4 or ------------------------------------
Form 5 obligations may OMB Number: 3235-0287
continue. See Instruction 1(b) Expires: September 30, 1998
Estimated average burden
hours per response .............0.5
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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
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1. Name and Address of Reporting Person
Commodore Environmental Services, Inc.
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(Last) (First) (MI)
150 East 58th Street, Suite 3400
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(Street)
New York, New York 10155
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Commodore Applied Technologies, Inc. (CXI)
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3. IRS or Social Security Number
of Reporting Person (Voluntary)
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4. Statement for Month/Year | 5. If Amendment, Date of
| Original (Month/Year)
January 1998 |
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6. Relationship of Reporting Person to Issuer (Check all applicable)
[ ] Director [X] 10% Owner
[ ] Officer [ ] Other (specify below)
(give title below)
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7. Individual or Joint/Group Filing
X Form Filed by One Reporting Person
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Form Filed by More Than One Reporting Person
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SEC 1474(7-96)
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TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
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1. Title of Security | 2. Transaction Date | 3. Transaction Code | 4. Security Acquired (A) or Disposed
(Instr. 3) (1) | (Month/Day/Year) | (Instr. 8) | of (D) (Instr. 3, 4 & 5)
| | |
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| | Code | V | Amount | (A) or| Price
| | | | | (D) |
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Common Stock, par value $.001 | | | | | |
per share ("Common Stock") | 1/2/98 | S | | 174,522 | D | $2.39
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Common Stock | | | | | |
| 1/15/98 | S | | 82,731 | D | $2.52875
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Common Stock | | | | | |
| 1/15/98 | S | | 82,371 | D | $2.52875
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Common Stock | | | | | |
| 1/9/98 | S | | 174,292 | D | $2.295
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Common Stock | | | | | |
| 1/2/98 | S | | 171,910 | D | $2.3906
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Common Stock | | | | | |
| 1/9/98 | S | | 61,002 | D | $2.295
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Common Stock | | | | | |
| 1/9/98 | S | | 8,715 | D | $2.295
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</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
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1. Title of Security | 5. Amount of Securities | 6. Ownership Form: | 7. Nature of Indirect Beneficial
(Instr. 3) | Beneficially Owned at | Direct (D) or | Ownership (Instr. 4)
| End of Month | Indirect (I) |
| (Instr. 3 & 4) | (Instr. 4) |
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Common Stock | | |
| 11,949,137 | D |
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Common Stock | | |
| 11,949,137 | D |
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Common Stock | | |
| 11,949,137 | D |
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Common Stock | | |
| 11,949,137 | D |
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Common Stock | | |
| 11,949,137 | D |
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Common Stock | | |
| 11,949,137 | D |
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Common Stock | | |
| 11,949,137 | D |
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
SEC 1474 (7-96)
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FORM 4 (continued)
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TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
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1. Title of Derivative Security | 2. Conversion or | 3. Transaction Date | 4. Transaction | 5. Number of Derivative
(Instr. 3) | Exercise Price of | (Month/Day/Year) | Code (Instr.| Securities Acquired
| Derivative Security | | 8) | (A) or Disposed of
| | | | (D) (Instr. 3, 4 & 5)
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| | | Code | V | (A) | (D)
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</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security | 6. Date Exercisable and | 7. Title and Amount of Underlying | 8. Price of Derivative
(Instr. 3) | Expiration Date | Securities (Instr. 3 & 4) | Security (Instr. 5)
| (Month/Day/Year) | |
| | |
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| Date | Expiration | Title | Amount or Number |
| Exercisable | Date | | of Shares |
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</TABLE>
SEC 1474 (7-96)
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<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security | 9. Number of Derivative | 10. Ownership Form of Derivative | 11. Nature of Indirect
(Instr. 3) | Securities Beneficially | Security: Direct (D) or | Beneficial Ownership
| Owned at End of Month | Indirect (I) (Instr. 4) | (Instr. 4)
| (Instr. 4) | |
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</TABLE>
Explanation of Responses: (1) Represents shares of the Issuer's Common Stock
sold by the Reporting Person pursuant to the conversion of the Reporting
Person's Series D Preferred Stock, which was convertible at a rate ranging from
$2.52875 to $2.295 per share into shares of the Issuer's Common Stock held by
the Reporting Person.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
COMMODORE ENVIRONMENTAL SERVICES, INC.
By: /s/ Michael D. Fullwood February 10, 1998
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**Signature of Reporting Person Date
(Michael D. Fullwood, Senior Vice President)
Note: File three copies of this Form, one of which must be manually signed. If
space is insufficient, see Instruction 6 for procedure.
SEC 1474 (7-96)
