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- -------------------- UNITED STATES SECURITIES AND --------------------
FORM 4 EXCHANGE COMMISSION OMB APPROVAL
- -------------------- WASHINGTON, D.C. 20549 --------------------
/ / CHECK THIS BOX IF NO LONGER SUBJECT TO STATEMENT OF CHANGES IN BENEFICIAL OMB NUMBER: 3235-0287
SECTION 16. FORM 4 OR FORM 5 OBLIGATIONS OWNERSHIP EXPIRES: SEPTEMBER 30, 1998
MAY CONTINUE. SEE INSTRUCTION 1(b).(Print ESTIMATED AVERAGE BURDEN
or Type Responses) Filed Pursuant to Section 16(a) of the HOURS PER RESPONSE......0.5
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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<S> <C>
1. Name and Address of Reporting Person* 2. Issuer Name AND Ticker or Trading Symbol 6. Relationship of Reporting
Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
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X Officer (give Other
Brown Harold ###-##-#### October, 1999 --- title __ (specify
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for -------------- --------------
Number of Reporting Month/Year
Person (Voluntary)
C/O New England Realty Associates
Limited Partnership
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(Street) 5. If Amendment, Filing (Check Applicable Line
Date of Original X Form filed by One Re-porting
(Month/Year) Person
Form filed by More than One
Reporting Person
Allston, MA 02134
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(City) (State) (Zip) TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR
BENEFICIALLY OWNED
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<S> <C> <C> <C> <C>
1. Title of Security 2. Transaction Date 3. Transaction Code 4. Securities Acquired 5. Amount of Securities
(Instr. 3) (Instr. 8) (A) or Disposed of (D) Beneficially Owned at End
(Instr. 3, 4 and 5) of Month
(Month.
Day/
Year)
Code V Amount (A) or (Instr. 3 and 4)
(D) Price
NewR2 Gift
Depositary Receipts 10/28/99 (A) 37,300 $.0 0
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1. Title of Security 6. Ownership Form: Direct 7. Nature of
(Instr. 3) (D) or Indirect (I) Indirect Beneficial
Ownership
(Instr. 4) (Instr. 4)
NewR2
Depositary Receipts D
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person, SEE Instruction
4(b)(v)." (Over)
SEC 1474 (7-97)
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF
INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND
UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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<S> <C> <C> <C> <C>
1. Title of 2. Conversion or 3. Transaction Date 4. Transaction 5. Number of Derivative
Derivative Exercise Price of (Month/Date/Year) Code Securities Acquired (A) or
Security Derivative Security Disposed of (D)
(Instr. 8)
(Instr. 3)
(Instr. 3, 4 and 5)
Date Exercisable
Code V (A) (D)
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<S> <C> <C>
1. Title of 6. Date Exercisable and
Derivative Security Expiration Date
(Instr. 3) (Month/Day/Year)
Expiration Date
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<S> <C> <C> <C> <C>
7. Title and Amount 8. Price of 9. Number of 10. Ownership Form of 11. Nature of Indirect
of Underlying Derivative Security Derivative Derivative Security: Beneficial Ownership
Securities Securities Direct (D) or Indirect
Beneficially Owned (I)
at End of Month (Instr. 4)
(Instr. 3 and 4) (Instr. 5)
(Instr. 4) (Instr. 4)
Title Amount or Number of NERA 1994 IRREVOCABLE
Shares TRUST
Prior to this reported Gift - 61,094
Subsequent to this reported - Gift 98,394
<S> <C> <C>
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Explanation of Responses:
/s/ Harold Brown 11/10/99
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** Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.CC. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, SEE Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
