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OMB APPROVAL
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OMB Number 3235-0287
Expires: April 30, 1997
Estimated average burden
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
[ X ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person
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(Last) (First) (Middle)
Lee, Thomas H.
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(Street)
c/o Thomas H. Lee Company
75 State Street
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(City) (State) (Zip)
Boston, MA 02109
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2. Issuer Name and Ticker or Trading Symbol
Autotote Corporation ("TTE")
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
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5. If Amendment, Date of Original (Month/Year)
December 1997
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ X ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A Common Stock, $.01 par value
per share ("Common Stock") 3,333 D
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Common Stock 12/31/97 S 106,041 D $2.25 1,317,788 I (1)
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Common Stock 12/31/97 S 612,902 D $2.25 1,229,775 I (2)
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(1) Represents shares of Common Stock held by the 1989 Thomas H. Lee Trust. The Reporting Person is the general partner of the
1989 Thomas H. Lee Nominee Trust Limited Partnership, the beneficiary of the 1989 Thomas H. Lee Nominee Trust. The Reporting
Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
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(2) Represents shares of Common Stock held by Thomas H. Lee Equity Partners, L.P. The reporting person is an individual general
general partner of Thomas H. Lee Equity Partners, L.P. The Reporting Person disclams beneficial ownership of such shares,
except to the extent of his pecuniary interest therein.
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</TABLE>
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)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock (3) (3)
Warrants $1.6357 S 552,381 10/31/91 10/31/99 Common 552,381 $0.90 -I- -0- (4)
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(3) On 10/29/96 the Board of Directors of Autotote Corporation extended the expiration date for the Warrants issued on 10/31/91 by
three years from 10/31/96 to 10/31/99.
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(4) Represents warrants held by the 1989 Thomas H. Lee Trust. The Reporting Person is the general partner of the 1989 Thomas H.
Lee Nominee Trust Limited Partnership, the beneficiary of the 1989 Thomas H. Lee Nominee Trust. The Reporting Person
disclaims beneficial ownership of such warrants, except to the extent of his pecuniary interest therein.
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</TABLE>
Explanation of Responses:
/s/Thomas H. Lee 1/9/98
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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.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 procedures.
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