SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
Statement of Changes in Beneficial Ownership
1) Name and Address of Reporting Person:
NuVen Advisors Inc., 4001 South Decatur, #399, Las Vegas, NV 89103
2) Issuer Name and Ticker or Trading Symbol:
Group V Corporation (GRPV)
3) IRS Number of Reporting Person (voluntary)
4) Statement for Month/Year:
June, 1997
5) If Amendment, Date of Original ( Month/Year):
Not Applicable
6) Relationship of Reporting Person to Issuer:
Director Officer (give title below) 10% Owner
X Other (specify below)
Affiliate
<TABLE>
<CAPTION>
Table I -Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security 2. Transaction Date 3. Transaction Code 4. Securities Acquired (A) or
Disposed (D)
- -------------------- ------------------- --------------------- ----------------------------------------
Code V Amount (A) or (D) Price
----------- ------- ---------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
$.01 par value 6/25/97 15,000 D $.28
common stock
$.01 par value 6/25/97 10,000 D $.29
common stock
</TABLE>
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<PAGE>
<TABLE>
<CAPTION>
1. Title of Security 2. Transaction Date 3. Transaction Code 4. Securities Acquired (A) or
Disposed (D)
- -------------------- ------------------- --------------------- ----------------------------------------
Code V Amount (A) or (D) Price
---------- ------ ----------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
$.01 par value 6/25/97 25,000 D $.25
common stock
$.01 par value 6/25/97 25,000 D $.25
common stock
$.01 par value 6/25/97 50,000 D $.245
common stock
$.01 par value 6/25/97 50,000 D $.23
common stock
$.01 par value 6/25/97 20,000 D $.25
common stock
$.01 par value 6/25/97 30,000 D $.24
common stock
225,000
</TABLE>
5. Amount of Securities Beneficially Owned at End of Month
2,562,180
6. Ownership Form: Direct (D) or Indirect (I)
D
7. Nature of Indirect Beneficial Ownership
Not Applicable
<TABLE>
<CAPTION>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. , puts, calls, warrants, options, convertible securities)
1. Title of 2. Conversion 3. Transaction 4. Transaction 5. Number of Derivative
Derivative of Exercise Date Code Securities Acquired (A)
Security Price of or Disposed (D)
Derivative
Security
- -------------- --------------- --------------- ------------------ ----------------------------
Code V (A) (D)
---------- ---- --------------- ------------
<S> <C> <C> <C> <C> <C> <C>
</TABLE>
6. Date Exercisable and Expiration Date (Month/Day/Year)
N/A
7. Title and Amount of Underlying Securities
N/A
8. Price of Derivative Security
N/A
9. Number of Derivative securities Beneficially Owned at End of Month
N/A
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
D
11. Nature of Indirect Beneficial Ownership
N/A
Explanation of Responses:
N/A
Signature of Reporting Person
NuVen Advisors Inc.
Dated: July 5, 1997 /s/ J.L. Lawver
-----------------------------------
J.L. Lawver
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