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OMB APPROVAL
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OMB Number 3235-0287
Expires: April 30,1997
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
Garcao Jose Maria Salema
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(Last) (First) (Middle)
Quinta Da Marinha, Lote CT-14
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(Street)
2750 Cascais Portugal
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Finet Holdings Corporation ("FNHC")
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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)
[ ] Director [ X ] 10% Owner
[ ] 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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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 Beneficia
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>
SEE APPENDED SCHEDULE OF COMMON STOCK TRANSACTIONS
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<FN>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
</FN>
</TABLE>
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficiall 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>
Common Stock $3.00 4/30/97 P 400,000 4/30/97 4/30/02 Common 400,000 * D
Purchase Warrant Stock
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Common Stock *** 4/28/97 P 200,000 4/28/97 4/28/00 Common 200,000 * 4,700,000 D
Purchase Warrant Stock
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/s/ Jose Maria Salema Garcao October 10, 1997
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**Signature of Reporting Person Date
<FN>
Explanation of Responses:
* The Common Stock Purchase Warrants were granted to the Reporting Person in
consideration for the Reporting person's agreement to purchase 1,400,000
common shares for $1.00 per share in the Issuer's 4/30/97 Common Stock
Private Placement.
*** The exercise price of one share of Common Stock pursuant to the Warrant is
$1.50 until 4/30/98; $2.50 until 4/30/99; and $3.50 until 4/28/00.
** 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.
</FN>
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<PAGE>
FORM 4
APPENDED SCHEDULE OF COMMON STOCK
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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 Beneficia
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>
Common Stock 1/31/97 P 1,000 A $1.50 D
Common Stock 3/13/97 P 1,000 A $2.25 D
Common Stock 4/9/97 P 2,000 A $1.43 D
Common Stock 4/10/97 P 93,750 A $1.27 D
Common Stock 4/21/97 P 1,000 A $1.25 D
Common Stock 4/21/97 P 1,000 A $1.38 D
Common Stock 4/21/97 P 7,000 A $1.50 D
Common Stock 4/21/97 P 50,000 A $1.02 D
Common Stock 4/22/97 P 2,000 A $1.38 D
Common Stock 4/22/97 P 5,000 A $1.50 D
Common Stock 4/25/97 P 3,000 A $1.50 D
Common Stock 4/28/97 P 3,000 A $1.63 D
Common Stock 4/28/97 P 3,000 A $1.75 D
Common Stock 4/28/97 P 2,000 A $2.25 D
Common Stock 4/28/97 P 2,000 A $2.13 D
Common Stock 4/29/97 P 3,000 A $1.75 D
Common Stock 4/29/97 P 2,000 A $1.88 D
Common Stock 4/29/97 P 2,000 A $2.06 D
Common Stock 4/30/97 P 2,000 A $2.00 D
Common Stock 5/1/97 P 2,000 A $2.75 D
Common Stock 5/1/97 P 2,000 A $2.63 D
Common Stock 5/2/97 P 2,000 A $2.25 D
Common Stock 5/2/97 P 6,000 A $2.88 D
Common Stock 5/5/97 P 4,000 A $2.63 D
Common Stock 5/5/97 P 1,000 A $2.75 D
Common Stock 5/5/97 P 2,000 A $2.88 D
Common Stock 5/6/97 P 4,000 A $3.34 D
Common Stock 5/7/97 P 4,000 A $2.75 D
Common Stock 5/7/97 P 1,000 A $3.50 D
Common Stock 5/9/97 P 4,000 A $3.25 D
Common Stock 5/9/97 P 1,000 A $3.38 D
Common Stock 5/12/97 P 2,000 A $4.38 D
Common Stock 5/13/97 S (8,000) D $3.88 D
Common Stock 5/14/97 S (10,000) D $4.00 D
Common Stock 5/15/97 P 3,000 A $5.17 D
Common Stock 5/20/97 P 1,000 A $3.63 D
Common Stock 5/22/97 P 10,000 A $3.00 D
Common Stock 5/22/97 P 2,500 A $3.00 D
Common Stock 5/22/97 P 5,000 A $3.13 D
Common Stock 5/22/97 P 10,000 A $3.25 D
Common Stock 5/22/97 P 1,000 A $3.25 D
Common Stock 5/22/97 P 2,000 A $3.50 D
Common Stock 5/22/97 P 1,500 A $3.75 D
Common Stock 5/22/97 P 1,000 A $3.88 D
Common Stock 5/23/97 P 8,000 A $3.25 D
Common Stock 5/23/97 P 7,000 A $3.50 D
Common Stock 5/27/97 P 2,000 A $4.00 D
Common Stock 5/27/97 P 2,500 A $4.13 D
Common Stock 5/28/97 P 2,000 A $4.25 D
Common Stock 5/29/97 P 10,000 A $3.13 D
Common Stock 6/4/97 P 5,000 A $3.50 D
Common Stock 6/8/97 P 5,500 A $3.13 D
Common Stock 6/9/97 P 1,750 A $3.50 D
Common Stock 6/10/97 P 1,000 A $3.56 D
Common Stock 6/11/97 P 1,000 A $3.63 D
Common Stock 6/11/97 P 3,000 A $3.53 D
Common Stock 6/11/97 P 5,000 A $3.48 D
Common Stock 6/12/97 P 1,000 A $3.38 D
Common Stock 6/13/97 P 1,000 A $3.44 D
Common Stock 6/17/97 P 5,000 A $3.50 D
Common Stock 6/17/97 P 3,000 A $3.44 D
Common Stock 6/18/97 P 3,000 A $3.69 D
Common Stock 6/18/97 P 3,000 A $3.38 D
Common Stock 6/24/97 P 2,000 A $2.69 D
Common Stock 6/26/97 P 2,000 A $3.17 D
Common Stock 6/27/97 P 2,000 A $3.31 D
Common Stock 6/27/97 P 5,000 A $2.63 D
Common Stock 6/30/97 P 3,000 A $2.88 D
Common Stock 6/30/97 P 1,000 A $3.06 D
Common Stock 6/30/97 P 1,000 A $3.19 D
Common Stock 7/8/97 P 2,000 A $3.25 D
Common Stock 7/9/97 P 1,000 A $3.13 D
Common Stock 7/10/97 P 1,000 A $3.19 D
Common Stock 7/11/97 P 1,500 A $3.00 D
Common Stock 7/11/97 P 1,500 A $3.00 D
Common Stock 7/11/97 P 5,000 A $3.38 D
Common Stock 7/14/97 P 1,000 A $3.25 D
Common Stock 7/16/97 P 5,000 A $3.13 D
Common Stock 7/16/97 P 5,000 A $3.13 D
Common Stock 7/17/97 P 1,500 A $3.13 D
Common Stock 7/17/97 P 1,500 A $3.19 D
Common Stock 7/17/97 P 2,000 A $3.13 D
Common Stock 7/17/97 P 7,500 A $3.00 D
Common Stock 7/18/97 P 1,500 A $3.25 D
Common Stock 7/18/97 P 6,000 A $3.44 D
Common Stock 7/18/97 P 11,000 A $2.94 D
Common Stock 7/21/97 P 5,000 A $3.25 D
Common Stock 7/21/97 P 5,000 A $3.38 D
Common Stock 7/22/97 P 1,500 A $3.13 D
Common Stock 7/22/97 P 2,000 A $2.88 D
Common Stock 7/22/97 P 1,500 A $2.88 D
Common Stock 7/22/97 P 2,500 A $2.88 D
Common Stock 7/22/97 P 500 A $2.88 D
Common Stock 7/22/97 P 2,000 A $3.00 D
Common Stock 7/23/97 P 2,000 A $2.88 D
Common Stock 7/23/97 P 500 A $3.00 D
Common Stock 7/23/97 P 2,000 A $3.00 D
Common Stock 7/23/97 P 2,500 A $3.00 D
Common Stock 7/23/97 P 500 A $3.00 D
Common Stock 7/23/97 P 2,500 A $3.00 D
Common Stock 7/24/97 P 1,000 A $3.00 D
Common Stock 7/24/97 P 500 A $2.75 D
Common Stock 7/24/97 P 1,500 A $2.75 D
Common Stock 7/24/97 P 500 A $2.75 D
Common Stock 7/24/97 P 2,000 A $2.81 D
Common Stock 7/24/97 P 3,000 A $2.81 D
Common Stock 7/24/97 P 3,000 A $2.81 D
Common Stock 7/28/97 P 500 A $2.75 D
Common Stock 7/28/97 P 500 A $2.94 D
Common Stock 7/29/97 P 500 A $2.81 D
Common Stock 7/29/97 P 500 A $2.81 D
Common Stock 7/29/97 P 500 A $2.81 D
Common Stock 7/30/97 P 500 A $2.81 D
Common Stock 8/4/97 P 200 A $2.88 D
Common Stock 8/5/97 P 200 A $3.25 D
Common Stock 8/5/97 P 200 A $3.06 D
Common Stock 8/5/97 P 200 A $3.13 D
Common Stock 8/6/97 P 200 A $3.06 D
Common Stock 8/7/97 P 200 A $3.06 D
Common Stock 8/8/97 P 200 A $3.50 D
Common Stock 8/12/97 P 200 A $3.25 D
Common Stock 8/14/97 P 200 A $3.31 D
Common Stock 8/14/97 P 90,000 A $2.75 D
Common Stock 8/14/97 P 25,000 A $2.78 D
Common Stock 8/15/97 P 200 A $3.13 D
Common Stock 8/18/97 P 200 A $3.13 D
Common Stock 8/19/97 P 1,000 A $3.13 D
Common Stock 8/19/97 P 1,000 A $3.25 D
Common Stock 8/20/97 P 200 A $3.75 D
Common Stock 8/20/97 P 200 A $3.19 D
Common Stock 8/20/97 P 200 A $3.25 D
Common Stock 8/21/97 P 200 A $3.25 D
Common Stock 8/21/97 P 200 A $3.38 D
Common Stock 8/22/97 P 200 A $3.25 D
Common Stock 8/25/97 P 200 A $3.25 D
Common Stock 8/25/97 P 200 A $3.25 D
Common Stock 8/26/97 P 200 A $3.25 D
Common Stock 8/26/97 P 200 A $3.25 D
Common Stock 8/27/97 P 1,000 A $2.63 D
Common Stock 8/27/97 P 1,500 A $3.00 D
Common Stock 8/27/97 P 2,500 A $3.00 D
Common Stock 8/27/97 P 5,000 A $3.13 D
Common Stock 8/27/97 P 1,000 A $3.13 D
Common Stock 8/27/97 P 200 A $3.25 D
Common Stock 8/27/97 P 5,000 A $3.57 D
Common Stock 8/28/97 P 2,500 A $2.94 D
Common Stock 8/28/97 P 2,500 A $3.00 D
Common Stock 8/28/97 P 2,500 A $3.00 D
Common Stock 8/28/97 P 2,500 A $3.00 D
Common Stock 8/28/97 P 2,500 A $3.00 D
Common Stock 8/28/97 P 2,500 A $3.00 D
Common Stock 8/28/97 P 2,500 A $3.00 D
Common Stock 8/28/97 P 2,500 A $3.00 D
Common Stock 8/28/97 P 200 A $3.13 D
Common Stock 8/28/97 P 200 A $3.19 D
Common Stock 8/28/97 P 500 A $3.48 D
Common Stock 8/29/97 P 200 A $3.13 D
Common Stock 8/29/97 P 10,000 A $3.39 D
Common Stock 9/2/97 P 7,500 A $4.58 D
Common Stock 9/3/97 P 7,000 A $4.99 D
Common Stock 9/4/97 P 10,000 A $4.78 D
Common Stock 9/5/97 P 8,000 A $4.97 D
Common Stock 9/5/97 P 9,000 A $4.75 D
Common Stock 9/8/97 P 29,500 A $4.87 D
Common Stock 9/11/97 P 10,000 A $4.75 D
Common Stock 9/12/97 P 5,000 A $4.81 D
Common Stock 9/16/97 P 4,000 A $4.63 D
Common Stock 9/17/97 P 3,000 A $4.56 D
Common Stock 9/17/97 P 12,000 A $3.98 D
Common Stock 9/18/97 P 17,000 A $4.16 D
Common Stock 9/19/97 P 4,000 A $4.69 D
Common Stock 9/19/97 P 1,000 A $4.69 D
Common Stock 9/23/97 P 4,000 A $4.20 D
Common Stock 9/24/97 P 3,000 A $4.17 D
Common Stock 9/25/97 P 500 A $4.19 D
Common Stock 9/25/97 P 500 A $4.19 D
Common Stock 9/25/97 P 1,000 A $4.31 D
Common Stock 9/26/97 P 5,000 A $4.06 D
Common Stock 9/29/97 P 500 A $4.06 D
Common Stock 9/30/97 P 500 A $4.06 5,134,500 D
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