U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Charamis Alexis
c/o EuroAmerican Group Hellas SA
5, Milioni St.
10673 Athens Greece
2. Issuer Name and Ticker or Trading Symbol
EuroAmerican Group Inc.
EUAM
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
August 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
(X) Director (X) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chief Executive Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, $.001 par | | | | | | |70,000 |I |By Doupsi (a corporation) |
value
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
option to buy |$.20 |4/15/| | | | |1/23/|1/23/ |Common Stock|(1) | |(1) |D | |
|96(1)| | | | | 95 |2000(1)| | | | | | |
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option to buy |$.10 |5/31/|J | |20,000(2) | | (3) |11/30/ |Series A |(3) |$40,000|20,000 |D | |
| |96 | | | | | |98 |Preferred | | (4) | | | |
| | | | | | | | |Stock | | | | | |
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</TABLE>
Explanation of Responses:
Table I: Beneficial ownership of the shares reported in Table I is
disclaimed.
Table II: (1) 13.3333% of the Common Stock subject to a maximum of
3,387,258 shares. On April 15, 1996, the maximum number
of shares was fixed and the expiration date was extended
to January 23, 2000.
(2) Reflects compensation that would be deferred through
August 31, 1996.
(3) The Series A Preferred Stock is convertible into
Common Stock as follows: if converted on November 30,
1996, 8 shares for each share of Series A Preferred Stock;
7 shares if converted on November 30, 1997; and 6 shares
if converted on November 30, 1998.
(4) The option to buy was received in exchange for
compensation reductions through August 31, 1996
aggregating this amount.
SIGNATURE OF REPORTING PERSON
Alexis Charamis
By: /s/ FOLEY & LARDNER
Attorney-in-Fact
DATE
8/16/96
