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FORM 3 OMB APPROVAL
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OMB Number: 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response ........... 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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)
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1. Name and Address of Reporting Person*
Low Nathan (1)
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(Last) (First) (Middle)
c/o Sunrise Securities Corp.
135 East 57th Street, 11th Floor
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(Street)
New York, NY 10022
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
6/16/98
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name AND Ticker or Trading Symbol
American Asset Management Corp. ("AAMC")
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director
[X] 10% Owner
[ ] Officer (give title below)
[ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing
(Check all applicable)
[ ] Form filed by One Reporting Person
[X] Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
TABLE I--Non-Derivative Securities Beneficially Owned
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial Onwership
(Instr. 4) Beneficially Owned Form: Direct (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
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<S> <C> <C> <C>
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Common Stock without
par value 31,000(2) D
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Common Stock without
par value 68,000(3) I As Trustee
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Common Stock without
par value 50,000(4) I Through IRA
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</TABLE>
Page 1 of 3 Pages
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FORM 3 (continued)
<TABLE>
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TABLE II--Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of
Security (Instr. 4) cisable and Underlying Derivative Security sion or ship Indirect
Expiration (Instr. 4) Exercise Form of Beneficial
Date ----------------------------------- Price of Deriv- Ownership
(Month/Day/Year) Deriv- ative (Instr. 5)
--------------------- Amount ative Security
of Security Direct
Date Expira- Title Number (D) or
Exer- tion of Indirect
cisable Date Shares (I)
(Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
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Warrant 5/20/98 5/20/01 common stock, no par 30,000 $4.00 D
value per share(5)
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</TABLE>
Explanation of Responses:
(1) Pursuant to Instruction 5(b)(v), this Form 3 is filed jointly by all
of the undersigned (collectively, the "Reporting Persons"), who may be
deemed to be members of a "group" pursuant to Section 13(d) of the
Securities Exchange Act of 1934, as amended. Nathan Low ("Purchaser")
has been designated to make the filing of this Form 3.
(2) These securities are owned solely by Nathan Low, who is a member of a
"group" with Sunrise Foundation Trust and Individual Retirement
Account f/b/o Low for purposes of Section 13(d) of the Exchange Act.
(3) These securities are owned solely by Sunrise Foundation Trust.
(4) These securities are owned solely by Individual Retirement Account
f/b/o Low.
/s/
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** 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 sufficient, 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.
Page 2 of 3 Pages
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FORM 3 (continued)
Joint Filer Information
Name: Nathan Low
Address: c/o Sunrise Securities Corp.
135 East 57th Street, 11th Floor
New York, NY 10022
Name: Sunrise Foundation Trust
Address: c/o Sunrise Securities Corp.
135 East 57th Street, 11th Floor
New York, NY 10022
Name: Individual Retirement Account f/b/o Low
Address: c/o Sunrise Securities Corp.
135 East 57th Street, 11th Floor
New York, NY 10022
Designated Filer: Nathan Low
Date of Event Requiring Statement: 6/16/98
Issuer and Ticker or Trading Symbol: American Asset Management Corporation AAMC
Signature: /s/ Nathan Low
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Nathan Low
SUNRISE FOUNDATION TRUST
By: /s/ Nathan Low
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Nathan Low, Trustee
Individual Retirement Account
f/b/o Nathan Low
By: /s/ Nathan Low
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Nathan Low
Page 3 of 3 Pages
