FORM 3
U.S. 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
Thurber Thomas N.
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(Last) (First) (Middle)
5850 San Felipe
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(Street)
Houston Texas 77057
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(City) (State) (Zip)
2. Date of Event Requiring 9/24/96
Statement (Month/Day/Year)----------------------------------------------
3. IRS or Social Security Number of
Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Property Secured Investments, Inc.
5. Relationship of Reporting Person to Issuer (Check all applicable)
..X.. Director ..X.. 10% Owner
..X.. Officer (give title below) ..... Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check Applicable Line)
..X.. Form filed by One Reporting Person
..... Form filed by More than One Reporting Person
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<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Beneficially Owned
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1. Title of Security (Instr. 4) 2. Amount of 3. Ownership Form: 4. Nature of Indirect Beneficial
Securities Bene- Direct (D) or Ownership (Instr. 5)
ficially Owned Indirect (I)
(Instr. 4) (Instr. 5)
Common Stock 7,200 shares D N/A
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<S> <C> <C> <C>
</TABLE>
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<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Beneficially Owned (e.g.,
puts, calls, warrants, options, convertible securities
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1. Title of Derivative Date Exerciseable 3. Title and Amount of 4. Con- 5. Ownership 6. Nature of
Security (Instr. 4) and Expiration Date Securities Underlying version or Form of Indirect
(Month/Day/Year) Derivative Security (Instr. 4) Exercise Derivative Beneficial
---- ------------ ------------------------------ Price of Security: Ownership
Date Expiration Amount or Derivative Direct (D) (Inst. 5)
Exer- Date Number of Security or Indirect
cisable Title Shares (I) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Explanation of Responses:
** Intentional misstatements or omissions of facts /s/ Thomas N. Thurber 10/3/96
constitute Federal Criminal Violations. ----------------------------------- --------
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ** 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.
</TABLE>
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