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OMB APPROVAL
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OMB Number 3235-0287
Expires: February 1, 1994
Estimated average burden
hours per response ....... 0.5
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U.S. 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
Sullivan Fred R.
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(Last) (First) (Middle)
C/O Richton International Corp.
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(Street)
340 Main Street
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(City) (State) (Zip)
Madison New Jersey 07940
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2. Issuer Name and Ticker or Trading Symbol
Richton International Corp.
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3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
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4. Statement for Month/Year
September 1997
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ X ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<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) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock 9/9/97 P 5000 A 5 1/8 D
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Common Stock 9/15/97 J* V 903,024 D 1,573,197 I Via LLC*
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
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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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9. 10.
Number Owner-
of ship
2. Deriv- 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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Explanation of Responses:
On September 15, 1997, Mr. Sullivan transferred 903,024 shares of Common Stock(the"Transferred Shares") to FRS Capital Company, LLC,
a Delaware limited liability company (the "LLC"), in exchange for all of the membership interests of the LLC. Mr. Sullivan also
transferred to the LLC warrants to acquire an aggregate of 336,250 shares of Common Stock (the "Warrants"). The aggregate of
1,573,197 shares beneficially owned by Mr. Sullivan at the end of September 1997, as shown in column 5, include (i) 5,000 shares of
Common Stock acquired by Mr. Sullivan in September 1997 and owned by him directly, (ii) the Transferred Shares, (iii) the shares
underlying the Warrants, (iv) 208,923 shares of Common Stock owned by the Franc M. Ricciardi Residuary Trust, of which Mr. Sullivan
is the sole Trustee, and (v) options to acquire 120,000 shares of Common Stock presently exercisable (but not including options to
acquire 30,000 shares not presently exercisable). The foregoing aggregate number of shares does not include (a) 350,000 shares
owned by the Fred A. Sullivan 1987 Lifetime Trust, (b) 27,000 shares of Common Stock owned by Mr. Sullivan's wife, and (c) 22,000
shares owned by Fred A. Sullivan (Mr. Sullivan's son), as to each of which Mr. Sullivan disclaims any beneficial ownership.
/s/ Fred R. Sullivan 10/7/97
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Fred R. Sullivan
**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 provided is insufficient, see Instruction 6 for procedures.
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