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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION
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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
[ ] Check box if no longer subject to Section 16. Form 4 or 5 obligations may
continue. See Instruction 1(b)
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1. Name and Address of Reporting Person*
Carden William J.
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(Last) (First) (Middle)
5850 San Felipe, Suite 450
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(Street)
Houston Texas 77057
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Nooney Realty Trust, Inc.
Nasdaq symbol "NRTI"
3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
4. Statement for Month/Year
June 1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[X] Director
[ ] 10% Owner
[X] Officer (give title below)
Chief Executive Officer
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[ ] Other (specify below)
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7. Individual or Joint/Group Filing
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<TABLE>
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Table 1 - Non Derivative Securities Acquired, Disposed of, or Beneficially Owned
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<CAPTION>
1. Title of Security 2. Transaction Date 3. Transaction 4. Securities Acquired 5. Amount of 6. Ownership 7. Nature of
(Instr. 3) (Month/Day/Year) Code (A) or Disposed of (D) Securities Form: Indirect
(Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct Beneficial
Owned at (D) or Ownership
End of Month Indirect (Instr. 4)
(Instr. 3 (I)
and 4) (Instr. 4)
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Code V Amount (A) Price
or
(D)
------ ------ -------- --- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 6/19/98 P 56,150(1) A $9.69 I (2)
Common Stock 6/19/98 P 2,000(1) A $9.125 69,150(1) I (2)
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
<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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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
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Title and Ownership
Number of Date Exer- Amount of Form of
Derivative cisable and Underlying Number of Deriv-
Securities Expiration Securities Price Derivative ative
Conver- Trans- Acquired (A) Date (Month/ (Instr. 3 of Securities Security:
sion or Trans- action or Disposed Day/Year) and 4) Deriv- Benefi- Direct
Exercise action Code of (D) -------------- -------------- ative cially (D) or Nature of
Title of Price of Date (Instr. (Instr. 3, Date Amount Secur- Owned at Indirect Indirect
Derivative Deriv- (Month/ 8) 4 and 5) Exer- Expir- or Num- ity End of (I) Beneficial
Security ative Day/ -------- ---------- cis- ation ber of (Instr. Month (Instr. Ownership
(Instr. 3) Security Year) Code V (A) (D) able Date Title Shares 5) (Instr. 4) 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee $10.00 3/1/98 A V 50,000 (3) (4) Common 50,000 50,000 D
Stock Option Stock
(right to buy)
</TABLE>
Explanation of Responses:
(1) The reporting person disclaims beneficial ownership of these securities
except to the extent of his pecuniary interest therein.
(2) By Kissimee Sq. Assoc., Ltd., a Texas limited partnership, the general
partner of which is No.-So., Inc., a Texas corporation. William J. Carden is the
President and a shareholder of No.-So., Inc. and is a limited partner of
Kissimee Sq. Assoc., Ltd.
(3) The option vests in five equal annual installments beginning on March 1,
1999. The terms of the option provide, however, that neither the existence of
such option nor the exercise of such option with respect to any shares of the
Issuer shall be permitted if the existence or exercise of such option were to
violate the Bylaws of the Issuer, including, without limitation, the 9.8%
ownership limitation specified in the Bylaws.
(4) The reporting person may exercise each portion of the option for a period of
five years after each such portion becomes exercisable.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ William J. Carden July 14, 1998
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**Signature of Reporting Person Date
Note. File three copies of this form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
