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OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
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UNITED STATES 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*
Coogan Susan C.
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(Last) (First) (Middle)
4712 Charmian Road
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(Street)
Richmond VA 23226
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Firstmark Corp. (FIRM)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
April 1997
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ X ] Director [ * ] 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
[ ] 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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<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) (Month/Day/Year) 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 * * * * * * I trustee
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$.20 par value
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</TABLE>
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).
Page 1 of 3
<PAGE>
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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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- Form of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of 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:
*See Attachment.
/s/ Susan C. Coogan 5/12/97
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**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 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 to respond unless the form displays a currently
valid OMB Number.
Page 2 of 3
<PAGE>
Additional Information to Form 4
Name: Susan C. Coogan
Address: 4712 Charmian Road
Richmond, Virginia 23226
Issuer & Ticker Symbol: Firstmark Corp. (FIRM)
Statement for Month/Year: April 1997
* The H. William Coogan Irrevocable Trust (the "Trust"), of which Ms.
Coogan is trustee, currently owns 14,400 shares of the Issuer's Series
B, cumulative, non-voting preferred stock, par value $.20 per share
("Series B Preferred Stock"). In March 1997, the Issuer's Board of
Directors approved of and directed the conversion of each issued and
outstanding share of Series B Preferred Stock into shares of Common
Stock, effective April 1997, pursuant to the Statement of Resolution
Establishing Series of Shares of the Issuer, dated May 7, 1996 (the
"Series B Resolution"). Pursuant to the terms of the Series B
Resolution relating to the determination of the number of shares of
Common Stock that the holders of Series B Preferred Stock shall
receive upon such conversion, each share of Series B Preferred Stock
is convertible into 80.7571 shares of Common Stock. Accordingly, upon
the consummation of the conversion, the Trust will receive 1,162,903
shares of Common Stock.
The conversion and the actual issuance of shares of Common Stock to the
Trust has not yet occurred and is pending the approval of the Federal
Communications Commission (the "FCC"). The Issuer currently owns the
voting stock of Champion Broadcasting Corporation ("CBC"), which owns
and operates radio stations subject to FCC regulation. FCC counsel to
CBC has advised the Issuer that the actual acquisition by the Trust,
and Ms. Coogan as trustee, of beneficial ownership of Common Stock
cannot occur until the Issuer receives the necessary approval from the
FCC or other arrangements are made with respect to the voting stock of
CBC that would obviate the need for such FCC approval.
Page 3 of 3
