OMB APPROVAL
OMB Number 3235-0287
Expires: September 30, 1998
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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
1. Name and Address of Reporting Person*
Lehigh Tax Credit Partners L.L.C.
(Last) (First) (Middle)
c/o Related Capital Company
625 Madison Avenue
(Street)
New York New York 10022
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Freedom Tax Credit Plus L.P.
3. IRS or Social Security Number of Reporting Person
(Voluntary)
- ---------------
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
Page 1 of 9
<PAGE>
4. Statement for
(Month/Year)
10/97
5. If Amendment, Date of Original
(Month/Year)
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
------- -------
X Officer (give title below) ______ Other (specify below)
------
Mr. Fried is President and a Director, Mr. Hirmes is a Senior Vice
President and Mr. Boesky is a Senior Vice President of Related Freedom
Associates Inc., the sole general partner of a general partner of the
Issuer.
7. Individual or Joint/Group filing (Check Applicable Line)
Form filed by One Reporting Person
-------
X Form filed by More than One Reporting Person
-------
Page 2 of 9
<PAGE>
TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
1. Title of Security 2. 3. Transaction 4. Securities Acquired (A) or
(Instr.3) Transaction Date Code (Instr.8) Disposed of (D) (Instr.3, 4 and 5)
(Month/Date/Year)
----------------------------------------
----------- ------------
Code V Amount (A) or (D) Price
- ---------------------------- ----------------- ----------- ------------ ----------------- ---------- -----------
<S> <C> <C> <C> <C> <C>
Beneficial Assignment 3/1/97 P 118 A $546.25
Certificates
- ---------------------------- ----------------- ----------- ------------ ----------------- ---------- -----------
Beneficial Assignment 3/1/97 P 22 A $546.25
Certificates
- ---------------------------- ----------------- ----------- ------------ ----------------- ---------- -----------
Beneficial Assignment 3/1/97 P 29 A $546.25
Certificates
- ---------------------------- ----------------- ----------- ------------ ----------------- ---------- -----------
Beneficial Assignment 5/1/97 P 20 A $588.00
Certificates
- ---------------------------- ----------------- ----------- ------------ ----------------- ---------- -----------
Beneficial Assignment 10/24/97 J** 8,266.667 A $530.00
Certificates
- ---------------------------- ----------------- ----------- ------------ ----------------- ---------- -----------
5. Amount of 6. Ownership 7. Nature of
Securities Form: Indirect Beneficial
Beneficially Owned Direct (D) or Ownership
at End of Month Indirect (I)
(Instr. 4)
(Instr. 3 and 4) (Instr. 4)
------------------------------------------
----------- ------------
Beneficial Assignment D
Certificates
- ---------------------------- ----- ---------------------- ----------------------- -----------------------
Beneficial Assignment D
Certificates
- ---------------------------- ----- ---------------------- ----------------------- -----------------------
Beneficial Assignment D
Certificates
- ---------------------------- ----- ---------------------- ----------------------- -----------------------
Beneficial Assignment D
Certificates
- ---------------------------- ----- ---------------------- ----------------------- -----------------------
Beneficial Assignment 8,455.667 D
Certificates
- ---------------------------- ----- ---------------------- ----------------------- -----------------------
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 3 of 9 SEC 1474 (7-96)
</TABLE>
<PAGE>
<TABLE>
TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of 2 3. 4. Transaction Code 5. Number of Derivative
Derivative Security Conversion or Transaction Date Securities Acquired (A) or
(Instr.3) Exercise Price of (Instr. 8) Disposed of (D)
Derivative Security (Month/Day/Year)
(Instr. 3, 4, and 5)
------------- -------------- ---------------- ---------------
Code V (A) (D)
<S> <C> <C> <C> <C> <C> <C>
- -------------------------- -------------------- ------------------ ------------- -------------- ---------------- ---------------
- -------------------------- -------------------- ------------------ ------------- -------------- ---------------- ---------------
- -------------------------- -------------------- ------------------ ------------- -------------- ---------------- ---------------
6. Date Exercisable and
Expiration Date (Month/Day/Year)
------------------- ------------------
Date Exercisable Expiration Date
- -------------------------- ------------------- ------------------
- -------------------------- ------------------- ------------------
- -------------------------- ------------------- ------------------
1. Title of 7. Title and Amount of 8. Price of 9. Number of 10.Ownership Form of
Derivative Security Underlying Securities Derivative Security Derivative Derivative Security:
(Instr.3) Securities Direct (D) or Indirect
(Instr.3 and 4) (Instr. 5) Beneficially Owned (I) (Instr. 4)
at End of Month
(Instr. 4)
-------------------- ----------------
Title Amount or
Number of
Shares
- -------------------------- -------------------- ---------------- ----------------------- ------------------ ------------------------
- -------------------------- -------------------- ---------------- ----------------------- ------------------ ------------------------
11. Nature of Indirect
Beneficial Ownership
(Instr. 4)
- -------------------------- ------------------------
- -------------------------- ------------------------
Explanation of Responses:
** On October 24, 1997, Lehigh Tax Credit Partners L.L.C. ("Lehigh") acquired 8,266.667 Beneficial Assignment Certificates pursuant
to a tender offer on Schedule 14D-1, commenced on August 27, 1997.
</TABLE>
/s/ Alan P. Hirmes November 10, 1997
------------------ ------------------
Alan P. Hirmes, Vice President of Date
Lehigh Tax Credit Partners, Inc.,
on behalf of Lehigh Tax Credit
Partners L.L.C.
Page 4 of 9 SEC 1474 (7-96)
<PAGE>
*** Signature of Reporting Person
*** 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.
Page 5 of 9 SEC 1474 (7-96)
<PAGE>
Attachment
Designated Filer: Lehigh Tax Credit Partners L.L.C.
Issuer Name: Freedom Tax Credit Plus L.P.
Statement for: 10/97
Names and Address of Other Reporting Persons:
Fried J. Michael
Hirmes Alan P.
Boesky Stuart J.
(Last) (First) (Middle)
c/o Related Capital Company
625 Madison Avenue
(Street)
New York New York 10022
(City) (State) (Zip)
<TABLE>
<CAPTION>
TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security 2. 3. Transaction 4. Securities Acquired (A) or
(Instr.3) Transaction Date Code (Instr.8) Disposed of (D) (Instr.3, 4 and 5)
(Month/Date/Year)
--------------------------------------------
----------- ------------
Code V Amount (A) Price
or (D)
- ---------------------------- ----------------- ----------- ------------ ------------------- ------- ----------------
<S> <C> <C> <C> <C> <C>
Beneficial Assignment 3/1/97 P 118 A $546.25
Certificates
- ---------------------------- ----------------- ----------- ------------ ------------------- ------- ----------------
Beneficial Assignment 3/1/97 P 22 A $546.25
Certificates
- ---------------------------- ----------------- ----------- ------------ ------------------- ------- ----------------
Beneficial Assignment 3/1/97 P 29 A $546.25
Certificates
- ---------------------------- ----------------- ----------- ------------ ------------------- ------- ----------------
Beneficial Assignment 5/1/97 P 20 A $588.00
Certificates
- ---------------------------- ----------------- ----------- ------------ ------------------- ------- ----------------
Beneficial Assignment 10/24/97 J** 8,266.667 A $530.00
Certificates
5. Amount of 6. Ownership 7. Nature of
Securities Form: Indirect Beneficial
Beneficially Owned Direct (D) or Ownership
at End of Month Indirect (I)
(Instr. 4)
(Instr. 3 and 4) (Instr. 4)
----
- ---------------------------- -------------------- ----------------------- -----------------------
Beneficial Assignment I**** By Lehigh Tax Credit
Certificates Partners L.L.C.
- ---------------------------- -------------------- ----------------------- -----------------------
Beneficial Assignment I**** By Lehigh Tax Credit
Certificates Partners L.L.C.
- ---------------------------- -------------------- ----------------------- -----------------------
Beneficial Assignment I**** By Lehigh Tax Credit
Certificates Partners L.L.C.
- ---------------------------- -------------------- ----------------------- -----------------------
Beneficial Assignment I**** By Lehigh Tax Credit
Certificates Partners L.L.C.
- ---------------------------- -------------------- ----------------------- -----------------------
Beneficial Assignment 8,455.667 I**** By Lehigh Tax Credit
Certificates Partners L.L.C.
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 7 of 9 SEC 1474 (7-96)
<PAGE>
<TABLE>
TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of 2 3. 4. Transaction Code 5. Number of Derivative
Derivative Security Conversion or Transaction Date Securities Acquired (A) or
(Instr.3) Exercise Price of (Instr. 8) Disposed of (D)
Derivative Security (Month/Day/Year)
(Instr. 3, 4, and 5)
------------- -------------- ---------------- ---------------
Code V (A) (D)
<S> <C> <C> <C> <C> <C> <C>
- -------------------------- -------------------- ------------------ ------------- -------------- ---------------- ---------------
- -------------------------- -------------------- ------------------ ------------- -------------- ---------------- ---------------
- -------------------------- -------------------- ------------------ ------------- -------------- ---------------- ---------------
6. Date Exercisable and
Expiration Date (Month/Day/Year)
------------------- ------------------
Date Exercisable Expiration Date
- -------------------------- ------------------- ------------------
- -------------------------- ------------------- ------------------
- -------------------------- ------------------- ------------------
1. Title of 7. Title and Amount of 8. Price of 9. Number of 10.Ownership Form of
Derivative Security Underlying Securities Derivative Security Derivative Derivative Security:
(Instr.3) Securities Direct (D) or Indirect
(Instr.3 and 4) (Instr. 5) Beneficially Owned (I) (Instr. 4)
at End of Month
(Instr. 4)
-------------------- ----------------
Title Amount or
Number of
Shares
- -------------------------- -------------------- ---------------- ----------------------- ------------------ ------------------------
- -------------------------- -------------------- ---------------- ----------------------- ------------------ ------------------------
11. Nature of Indirect
Beneficial Ownership
(Instr. 4)
- -------------------------- ------------------------
- -------------------------- ------------------------
</TABLE>
Explanation of Responses:
****Mr. Fried is President and a Director, Mr. Hirmes is a Vice President,
Secretary and a Director and Mr. Boesky is a Vice President and a Director
of Lehigh Tax Credit Partners, Inc., the sole managing member of Lehigh.
Page 8 of 9 SEC 1474 (7-96)
<PAGE>
/s/ Alan P. Hirmes November 10, 1997
----------------------------------- -----------------
Alan P. Hirmes
/s/ J. Michael Fried November 10, 1997
----------------------------------- -----------------
J. Michael Fried
/s/ Stuart J. Boesky November 10, 1997
----------------------------------- -----------------
Stuart J. Boesky Date
***Signature of Reporting Persons
Page 9 of 9 SEC 1474 (7-96)