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OMB APPROVAL
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OMB Number 3235-0287
Expires: December 31, 2001
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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
[ ] 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
Voting Trust I
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(Last) (First) (Middle)
c/o Charles Norman, Trustee
911 W. Parker Road, Suite 306
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(Street)
Plano Texas 75023
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
AutoCorp Equities, Inc. (ACOR)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
November 2000
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5. If Amendment, Date of Original (Month/Year)
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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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7. Individual or Joint/Group Filing (Check Applicable Line)
[ ] Form filed by One Reporting Person
[ X ] Form filed by More than One Reporting Person
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Page 1 of 4
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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>
Common Stock 11-14-00 Z (fn 1) 545,437 D 154,563 (fn 3) D
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Common Stock 11-14-00 Z (fn 2) 1,817,000 D 0
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Common Stock 350,000 (fn 4) D
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Common Stock 350,000 (fn 5) D
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
Page 2 of 4
<PAGE>
<TABLE>
<CAPTION>
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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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or 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>
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</TABLE>
Explanation of Responses:
(1) Exchange Trust was established on December 30, 1998, in part for the
benefit of Consumer Investment Corpor- ation ("CIC"). During 1999 and 2000
CIC offered up to 700,000 shares (that were held by Exchange Trust)in
exchange for its outstanding notes. Effective November 14, 2000, 545,437
shares were transferred out of Exchange Trust to reflect shares transferred
to the note holders in exchange for CIC notes. The remaining 154,563 shares
will continue to be held in Exchange Trust until all aspects of the
exchange offer have been concluded.
(2) On November 14, 2000, a closing took place that recapitalized the issuer,
effective October 1, 2000. As part of that recapitalization, the
beneficiary of 1,817,000 shares held by Exchange Trust authorized Exchange
Trust to return those shares to the issuer to become treasury stock.
(3) Owned by Exchange Trust (and only it has a pecuniary interest in these
shares)
(4) Owned by Voting Trust I (and only it has a pecuniary interest in these
shares)
(5) Owned by Voting Trust II (and only it has a pecuniary interest in these
shares)
VOTING TRUST I
VOTING TRUST II
EXCHANGE TRUST
By: /s/ CHARLES NORMAN, Trustee December 15, 2000
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Charles Norman, Trustee of Voting Trust I,
Voting Trust II and Exchange Trust
**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 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.
Page 3 of 4
<PAGE>
ATTACHMENT TO FORM 4
1. Name and Address of Reporting Person:
Voting Trust I
c/o Charles Norman, Trustee
911 W. Parker Road
Suite 306
Plano, Texas 75023
2. Issuer Name and Ticker or Trading Symbol:
AutoCorp Equities, Inc. (ACOR)
4. Statement for Month/Year:
November 2000
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This Form 4 is filed jointly by three trusts (two voting trusts and one
exchange trust). Charles Norman is the Trustee of all three of them.
The trusts are as follows:
(a) Voting Trust I, EIN 75-6542723, established by Voting
Trust Agreement I dated December 30, 1998, between
the issuer and Charles Norman, Trustee, to establish
a voting trust holding 350,000 shares of Common Stock
of the issuer for the benefit of members of the
issuer's management to be named in the future by the
issuer's Board of Directors. Voting Trust I has a
pecuniary interest only in these shares.
(b) Voting Trust II, EIN 76-6147238, established by
Voting Trust Agreement II dated December 30, 1998,
between the issuer and Charles Norman, Trustee, to
establish a voting trust holding 350,000 shares of
Common Stock of the issuer for the benefit of members
of the management of AutoPrime, Inc. to be named in
the future by the Board of Directors of AutoPrime,
Inc. Voting Trust II has a pecuniary interest only in
these shares.
(c) Exchange Trust, EIN 75-5642722, established by
Exchange Trust Agreement dated December 30, 1998,
between the issuer, Charles Norman, Trustee, Consumer
Investment Corporation ("CIC") and AutoPrime, Inc. to
create an exchange trust to hold:
o 1,425,887 shares of Common Stock, of the
issuer to be used for the benefit of CIC for
the purpose of enabling CIC to offer shares
of the issuer's Common Stock in exchange for
outstanding notes of CIC, and
o 1,091,113 shares of Common Stock of the
issuer for the benefit of AutoPrime, Inc. to
be used in conjunction with the terms and
conditions of a certain "Unconditional
Tender" and related agreements.
Exchange Trust has a pecuniary interest only in these shares.
Each of the three trusts has a pecuniary interest only in the
securities owned by it and disclaims any beneficial ownership in the securities
owned by the other two trusts. This filing shall not be deemed an admission that
any of the three trusts is, for purposes of Section 16 of the Act or otherwise,
the beneficial owner of any equity securities covered by this statement that are
owned by one of the other trusts.
Page 4 of 4
