U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
FORM 5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
Name and address of reporting person
Richard B. Neff, c/o Ryan, Beck & Co., 80 Main Street, West Orange, NJ 07052
Issuer Name and Ticker or Trading Symbol
Ryan, Beck & Co., Inc.; RBCO
IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
Statement for
February 15, 1997
If Amendment, Date of Original (Month/Year)
N/A
Relationship of Reporting Person to Issuer
__x__Director
_____Officer
_____10% Owner
_____Other (specify)
<TABLE>
TABLE I
NON-DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
<CAPTION>
Nature
Amount of Ownership of
Securities Securities Form: Indirect
Title Transaction Transaction Acquired (A) Beneficially Direct (D) Beneficial
of Security Date Code or Disposed of (D) Owned at or Indirect (I) Ownership
(Instr. 3) (Month/Day) (Instr. 8) (Instr. 3,4,5) End of Month (Instr. 4) (Instr. 4)
Code V Amount (A) or (D) Price
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock
Par Value $.10 5/1/96 P - 500 A $7.50 18,907 D -
</TABLE>
<TABLE>
TABLE II
DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
(e.g. puts, calls, warrants, options, convertible securities)
<CAPTION>
Amount of Ownership
Number of Derivative Form of Nature
Conversion Derivative Title and Securities Derivative of
Title of or Exercise Securities Date Amount of Price of Beneficially Security: Indirect
Derivative Price of Transaction Transaction Acquired (A) Exercisable Underlying Derivative Owned at Direct (D) Beneficial
Security Derivative Date Code or Disposed of (D) and Exp. Date Securities Security End of Month or Indirect (I) Ownership
(Instr. 3) Security (M/D/Y) (Instr. 8) (Instr. 3,4,5) (M/D/Y) (Instr. 3,4) (Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4)
Date Exp. Number
Code V (A) (D) Exercisable Date Title of Shares
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- - - - - - - - - - - - - - -
</TABLE>
SIGNATURE
/s/Richard B. Neff
February 14, 1997
