<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 12/99______
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 18 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) 12/1/99_________
3. Transaction Code (Instr. 8)
Code _____P______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 7,700__ (A) or (D) ___A___ Price 4.17_________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/2/99_________
3. Transaction Code (Instr. 8)
Code _____P______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount __7,600_ (A) or (D) ___A___ Price 4.12___________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150_____________________
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) 12/2/99________
3. Transaction Code (Instr. 8)
Code _____P______ V _____________
<PAGE>
FORM 4 (continued) Page 3 of 18 Pages
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount __10,000_ (A) or (D) ___A___ Price 4.19___________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150_____________________
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) 12/3/99________
3. Transaction Code (Instr. 8)
Code _____P______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 19,000_ (A) or (D) ___A___ Price 4.09___________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150____________
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) 12/6/99________
3. Transaction Code (Instr. 8)
Code _____P______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 20,000___ (A) or (D) ___A___ Price 4.06__________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150__________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4)
(1)(2)
<PAGE>
FORM 4 (continued) Page 4 of 18 Pages
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 12/6/99________
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 4.07___________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150____________
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) 12/7/99_______________
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
4.06____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/8/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 2,600__ (A) or (D) ___A____ Price
3.90_______________
<PAGE>
FORM 4 (continued) Page 5 of 18 Pages
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/9/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 7,000_ (A) or (D) ___A____ Price
3.75____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/9/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 1,800_ (A) or (D) ___A____ Price
3.76____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/9/99_______________
<PAGE>
FORM 4 (continued) Page 6 of 18 Pages
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
3.88____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/10/99_______________
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
3.83____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/15/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 20,000__ (A) or (D) ___A____ Price
3.91____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
<PAGE>
FORM 4 (continued) Page 7 of 18 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) 12/16/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 12,500__ (A) or (D) ___A____ Price
3.96____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/20/99_______________
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
3.94____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/21/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
<PAGE>
FORM 4 (continued) Page 8 of 18 Pages
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 26,000___ (A) or (D) ___A____ Price
3.98____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/22/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 12,000___ (A) or (D) ___A____ Price
3.92____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/22/99_______________
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
3.94____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______I_______
7. Nature of Indirect Beneficial Ownership (Inst. 4)
(1)(2)
<PAGE>
FORM 4 (continued) Page 9 of 18 Pages
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 12/23/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 85,000___ (A) or (D) ___A____ Price
3.81____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/23/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 25,500___ (A) or (D) ___A____ Price
3.78____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/23/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 20,500___ (A) or (D) ___A____ Price
3.88____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
<PAGE>
FORM 4 (continued) Page 10 of 18 Pages
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) 12/27/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 18,000___ (A) or (D) ___A____ Price
3.88____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/28/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 19,000___ (A) or (D) ___A____ Price
3.75____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/28/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
<PAGE>
FORM 4 (continued) Page 11 of 18 Pages
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 6,000___ (A) or (D) ___A____ Price
3.69____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/30/99_______________
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
4.57____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 2,016,150___________
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) 12/1/99_______________
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
4.25____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 270,400___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______D_______
7. Nature of Indirect Beneficial Ownership (Inst. 4)
__________
<PAGE>
FORM 4 (continued) Page 12 of 18 Pages
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 12/3/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 6,500___ (A) or (D) ___A____ Price
4.09____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 270,400___________
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) 12/6/99_______________
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
4.06____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 270,400___________
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) 12/6/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 2,600___ (A) or (D) ___A____ Price
4.07____________
<PAGE>
FORM 4 (continued) Page 13 of 18 Pages
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 270,400___________
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) 12/9/99_______________
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
3.75____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 270,400___________
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) 12/9/99_______________
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
3.76____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 270,400___________
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) 12/9/99_______________
<PAGE>
FORM 4 (continued) Page 14 of 18 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
3.88____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 270,400___________
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) 12/10/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 1,700___ (A) or (D) ___A____ Price
3.83____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 270,400___________
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) 12/15/99_______________
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
3.91____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 270,400___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______D_______
<PAGE>
FORM 4 (continued) Page 15 of 18 Pages
7. Nature of Indirect Beneficial Ownership (Inst. 4)
__________
1. Title of Security (Instr. 3) _____Common Stock_______________________
2. Transaction Date (Month/Day/Year) 12/21/99_______________
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
3.98____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 270,400___________
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) 12/22/99_______________
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
3.94____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 270,400___________
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) 12/23/99_______________
3. Transaction Code (Instr. 8)
Code _____P_______ V _____________
<PAGE>
FORM 4 (continued) Page 16 of 18 Pages
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount 5,000___ (A) or (D) ___A____ Price
3.78____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 270,400___________
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) 12/27/99_______________
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
3.88____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 270,400___________
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) 12/28/99_______________
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
3.69____________
5. Amount of Securities Beneficially Owned at End of Month
(Inst. 3 and 4) 270,400___________
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) _______D_______
<PAGE>
FORM 4 (continued) Page 17 of 18 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) __________________
<PAGE>
FORM 4 (continued) Page 18 of 18 Pages
11. Nature of Indirect Beneficial Ownership (Inst. 4)
_____________________________________________________________________
___________________________________________________________________________
Explanation of Responses: (1) As Manager of a 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
reported except to the extent of the reporting person's pecuniary interest.
Jon D. Gruber 2/10/00
**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\1084608.01
