[] Check this box if no longer subject to
Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
<TABLE>
<CAPTION>
<S> <C> <C>
1. Name and Address of Reporting 2. Issuer Name and Ticker or Trading 6. Relationship of Reporting Person to Issuer
Person Symbol (check all applicable)
ARK DIRECT CAPITAL FUND, L.P. Computer Power Inc.
(Last) (First) (Middle) "CUWR" _____Director X 10% Owner
--------------------------
3. IRS or Social Security |4.Statement for _____Officer (give ____Other (Specify)
130 North Wacker Street-Suite 2650 Number of Reporting | Month/Year title below)
- ---------------------------- Person (Voluntary) | 01 / 99
(Street)
chicago, Illinois 60606 |5. If Amendment,
(City) (State) (Zip) | Date or Orignial
| (Month/Year)
Table I--Non-Derivative Securities Beneficially Owned 7. Individual or Joint/Group Filing
X Form filed by One Reporting Person
Form filed by More than One Reporting
Person
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
1. Title of Security 2. Trans- |3. Trans- |4. Securities Acquired (A) 5. Amount of |6. Owner- |7. Nature
(Instr. 3) Action | action | or Disposed of (D) Securities | ship | of In-
Date | Code | (Instr. 3, 4 and 5) Beneficially | Form | direct
| Instr. 8) | Owned at | Direct | Bene-
| | End of | (D) or | ficial
(Month/ | Month | Indirect | Owner-
-------------------------------------------
Day/ | | | | | Instr. 3 and 4) | (I) | ship
Year) | Code | V | Amount | (A) or | Price | Instr. 4) | Instr. 4)
| | | | (D) | | |
Common Stock 02/11/99 | P | V | 510,000 | A | $0.2549 1,000,000 | I |Equity Owner
of Public
| | | | | | |Access
| | | | | | |Lighting,L.L.C.,
| | | | | | |the record
| | | | | | |owner
| | | | | | |of the subject
| | | | | | |Securities
======================== ======================================================= =================================================
</TABLE>
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
(Print or Type Responses)
Form4-99.LAR
<PAGE>
Form 4 (continued)
Table II-Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants options, convertible securities)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1. Title of 2. Conver- 3. Trans- 4. Trans- 5. Number of Deriv- 6 Date Exer- 7. Title and Amount 8. Price 9. Number
Derivative sion or action action ative Securities cisable and of Underlying of of
Security Exercise Date Code Acquired (A) or Expiration Securities Deriv- Deriv-
(Instr. 3) Price of (Month/ (Instr. Disposed of (D) Date (Instr. 3 and 4) ative ative
Deriv- Day/ 8) (Instr. 3 (Month/Day/ Secur- Secur-
ative Year) 4 and 5) Year) ity ities
Security (Instr. Bene-
5) ficially
Owned
at End
of
Month
(Instr.
4)
| |
Date |Expira- | Amount or
Exer-|tion Title | Number of
cisa-|Date | Shares
ble | |
| |
| | | |
Code | V (A) | (D) | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
=================== =========== ============ ========== =================== ============= =================== ======== ======
</TABLE>
Explanation of Responses:
<PAGE>
10. Owner 11. Na-
ship ture
Form of In-
of De- direct
rivative Bene-
Secu- ficial
rity Own-
Direct ership
(D) or (Instr.
Indi- 4)
rect
(I)
(Instr.
4)
================ ===============
Explanation of Responses:
ARK DIRECT CAPITAL FUND, L.P.
By s/Steven Sprindis February 12,1999
Steven Sprindis, Associate
**Intentional misstatements or ommissions 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.
<PAGE>