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OMB APPROVAL
FORM 3 OMB Number..3235-0104
Expires:December 31, 2001
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hours per response 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
1. Name and Address of Reporting Person
Cohen Peter Anthony
c/o Ramius Capital Group, LLC
666 Third Avenue
New York, NY 10017
2. Date of Event Requiring Statement (Month/Day/Year)
09/06/00
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Autotote Corporation ("TTE")
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify
below)
6. If Amendment, Date of Original (Month/Day/Year)
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>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
Class A Common Stock, $.01 par value | | | |
per share (Common Stock) | 115,200 | D | |
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Common Stock | 172,600 | I | By Ramius Securities, LLC(1) |
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*If form is filed by more than one reporting person, see Instruction 5(b)(v). (over)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-96)
</TABLE>
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<TABLE>
<CAPTION>
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | |
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Series A Convertible |09-06-00 |09-05-05 | Common Stock | 458,333 | $6 | I | By Ramius Securities, |
Preferred Stock | | | | | | | LLC(1) |
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Series A Convertible |09-06-00 |09-05-05 | Common Stock | 666,666 | $6 | I | By Peconic Fund, Ltd.(2) |
Preferred Stock | | | | | | | |
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Option to Purchase | (3) |9-6-10 | Common Stock | 50,000 |$3.5625 | D | |
Class A Common Stock | | | | | | | |
$.01 par value per | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) The reporting person is a managing member of C4S & Co., LLC, which is the
managing member of Ramius Capital Group, LLC, the parent company of Ramius
Securities, LLC.
(2) The reporting person is a managing member of C4S & Co., LLC, which is the
managing member of Ramius Capital Group, LLC, the investment advisor to
the Peconic Fund, Ltd.
(3) The option will become exercisable in four equal annual installments
beginning on September 7, 2001.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Peter Cohen September 15, 2000
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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.
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.
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SEC 1473 (3-99)
