<PAGE> OMB Number 3235-0287
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FORM 4
/ / Check this box if no longer
subject to Section 16. Form 4 or
Form 5 obligations may continue.
See Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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
(Print or Type Responses)
1. Name and Address of Reporting Person
Gruber, Jon, D., 50 Osgood Place, San Francisco, CA, 94133
(Last) (First) (Middle), (Street), (City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol Kushner Locke Company (KLOC)
3. IRS or Social Security Number of Reporting Person (Voluntary) ________
4. Statement for Month/Year 11/99______
5. If Amendment, Date of Original (Month/Year) ___________
6. Relationship of reporting person to issuer
(Check all applicable)
____ Director __X_ 10% Owner
____ Officer (give ____ Other (specify
title below) below)
______________________
7. Individual or Joint/Group Filing (Check Applicable line)
_X_ Form filed by one Reporting Person
____ Form filed by More than One Reporting Person
SEC 1474 (7-96)
<PAGE>
FORM 4 (continued) Page 2 of 17 Pages
Table I - Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/3/99_________
3. Transaction Code (Instr. 8)
Code _____P______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 6,000__ (A) or (D) ___A___ Price 3.92_________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/9/99_________
3. Transaction Code (Instr. 8)
Code _____P______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount __8,500_ (A) or (D) ___A___ Price 4.19___________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950_____________________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) ______I________
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/10/99________
<PAGE>
FORM 4 (continued) Page 3 of 17 Pages
3. Transaction Code (Instr. 8)
Code _____P______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount __14,000_ (A) or (D) ___A___ Price 4.47___________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950_____________________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) ______I________
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/15/99________
3. Transaction Code (Instr. 8)
Code _____P______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 2,000_ (A) or (D) ___A___ Price 4.36___________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950____________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/16/99________
3. Transaction Code (Instr. 8)
Code _____P______ V _____________
<PAGE>
FORM 4 (continued) Page 4 of 17 Pages
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 3,500___ (A) or (D) ___A___ Price 4.63__________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950__________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/16/99________
3. Transaction Code (Instr. 8)
Code _____P______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 600__ (A) or (D) ___A___ Price 4.42___________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950____________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/17/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 9,000___ (A) or (D) ___A____ Price
4.40____________
<PAGE>
FORM 4 (continued) Page 5 of 17 Pages
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/17/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 2,000__ (A) or (D) ___A____ Price
4.50_______________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/18/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 16,000_ (A) or (D) ___A____ Price
4.56____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
<PAGE>
FORM 4 (continued) Page 6 of 17 Pages
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/19/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 60,600_ (A) or (D) ___A____ Price
4.98____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/19/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 3000___ (A) or (D) ___A____ Price
4.60____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
<PAGE>
FORM 4 (continued) Page 7 of 17 Pages
2. Transaction Date (Month/Day/Year) 11/22/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 5,400_ (A) or (D) ___A____ Price
4.86____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/24/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 6,000___ (A) or (D) ___A____ Price
4.50____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/26/99_______________
<PAGE>
FORM 4 (continued) Page 8 of 17 Pages
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 2,100___ (A) or (D) ___A____ Price
4.50____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/26/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 4,000___ (A) or (D) ___A____ Price
4.65____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/26/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
<PAGE>
FORM 4 (continued) Page 9 of 17 Pages
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 3,000___ (A) or (D) ___A____ Price
4.63____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/29/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 15,000___ (A) or (D) ___A____ Price
4.50____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4)(1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/30/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 4,500___ (A) or (D) ___A____ Price
4.44____________
<PAGE>
FORM 4 (continued) Page 10 of 17 Pages
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/30/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 5,500___ (A) or (D) ___A____ Price
4.50____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 1,653,950___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4) (1)(2)
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/3/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 10,000___ (A) or (D) ___A____ Price
3.92____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 222,600___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______D_______
<PAGE>
FORM 4 (continued) Page 11 of 17 Pages
7. Nature of Indirect Beneficial Ownership (Inst. 4)
__________
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/10/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 5,000___ (A) or (D) ___A____ Price
4.47____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 222,600___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______D_______
7. Nature of Indirect Beneficial Ownership (Inst. 4)
__________
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/15/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 1,100___ (A) or (D) ___A____ Price
4.36____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 222,600___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______D_______
7. Nature of Indirect Beneficial Ownership (Inst. 4)
__________
1. Title of Security (Instr. 3) _____Common Stock_______________________
<PAGE>
FORM 4 (continued) Page 12 of 17 Pages
2. Transaction Date (Month/Day/Year) 11/17/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 2,000___ (A) or (D) ___A____ Price
4.40____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 222,600___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______D_______
7. Nature of Indirect Beneficial Ownership (Inst. 4)
__________
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/17/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 2,000___ (A) or (D) ___A____ Price
4.50____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 222,600___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______D_______
7. Nature of Indirect Beneficial Ownership (Inst. 4)
__________
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/18/99_______________
<PAGE>
FORM 4 (continued) Page 13 of 17 Pages
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 3,000___ (A) or (D) ___A____ Price
4.56____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 222,600___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______D_______
7. Nature of Indirect Beneficial Ownership (Inst. 4)
__________
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/19/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 3,500___ (A) or (D) ___A____ Price
4.60____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 222,600___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______D_______
7. Nature of Indirect Beneficial Ownership (Inst. 4)
__________
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/26/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
<PAGE>
FORM 4 (continued) Page 14 of 17 Pages
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 600___ (A) or (D) ___A____ Price
4.65____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 222,600___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______D_______
7. Nature of Indirect Beneficial Ownership (Inst. 4)
__________
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/26/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 1,000___ (A) or (D) ___A____ Price
4.68____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 222,600___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______D_______
7. Nature of Indirect Beneficial Ownership (Inst. 4)
__________
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/29/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 1,500___ (A) or (D) ___A____ Price
4.50____________
<PAGE>
FORM 4 (continued) Page 15 of 17 Pages
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 222,600___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______D_______
7. Nature of Indirect Beneficial Ownership (Inst. 4)
__________
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/30/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 1,500___ (A) or (D) ___A____ Price
4.50____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 222,600___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______D_______
7. Nature of Indirect Beneficial Ownership (Inst. 4)
__________
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 11/30/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 300___ (A) or (D) ___A____ Price
4.42____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 222,600___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______D_______
<PAGE>
FORM 4 (continued) Page 16 of 17 Pages
7. Nature of Indirect Beneficial Ownership (Inst. 4)
__________
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). SEC 1474 (7-96)
Table II - Derivative Securities Acquired, Disposed of,
or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
1. Title of Derivative Security (Instr. 3) ______________________________
2. Conversion or Exercise Price of Derivative Security _________________
3. Transaction Date (Month/Day/Year) ______________
4. Transaction Code (Instr. 8)
Code ______ V ______
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) (A) _____________ (D) ______________
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
____________________ ________________________
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
Title __________________________ Amount or Number of Shares ________
8. Price of Derivative Security (Instr. 5) _______________
9. Number of derivative Securities Beneficially Owned at End of Month
(Instr. 4) _______________
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) __________________
11. Nature of Indirect Beneficial Ownership (Inst. 4)
_____________________________________________________________________
___________________________________________________________________________
<PAGE>
FORM 4 (continued) Page 17 of 17 Pages
Explanation of Responses:
(1) As manager of limited liability company that is a general partner of
investment partnerships and an investment adviser for client accounts.
(2) The reporting person has only a pro rata interest in the securities with
respect to which indirect beneficial ownership is reported and disclaims
beneficial ownership of such securities except to the extent of the
reporting person's pecuniary interest.
Jon D. Gruber 12/10/99__
**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 procedure.
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. SEC 1474 (7-96)
CSR\2217\006\1077067.01 12/10/1999 12:26
