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OMB APPROVAL
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OMB Number 3235-0287
Expires: December 31, 1998
Estimated average burden
hours per response ....... 0.5
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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*
Friedman James A.
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(Last) (First) (Middle)
125 Green Bay Road
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(Street)
Lake Bluff, Illinois 60044
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Prime Capital Corporation - PMCP
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3. IRS or Social Security Number of Reporting Person, if an entity (Voluntary)
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4. Statement for Month/Year
December/1998
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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)
[ X ] Director [ X ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
President, Chief Executive Officer and Chairman of the Board
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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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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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[S] [C] [C] [C] [C] [C] [C]
Amount Owner-
of Securi- ship Nature
Securities ties Bene Form: of
Acquired ficially Direct Indirect
Transac- Transac- (A) or Owned (D) or Bene-
Title of tion tion Disposed (D) at End Indirect ficial
Security Date Code Amount Price of Month (I) Ownership
PMCP Common Stock 12/03/98 P A 100 2.40625 D
PMCP Common Stock 12/15/98 P A 100 2.625 D
1,745,449
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
*If the form is filed by more than one reporting person, see Instruction
4(b)(v).
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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Explanation of Responses:
James A. Friedman January 8, 1999
Date
By: /s/James A. Friedman
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**Signature of Reporting Person
** 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.
Potential persons who are to respond to the collection of information
contained in this form are not required unless the form displays a
currently valid OMB Number.
