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OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
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
FONG HENRY
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(Last) (First) (Middle)
2401 PGA BLVD, SUITE 280-F
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(Street)
PALM BEACH GARDENS FLORIDA 33410
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
CALIFORNIA PRO SPORTS, INC.
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3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
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4. Statement for Month/Year
JANUARY 1998
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5. If Amendment, Date of Original (Month/Year)
FEBRUARY 10, 1998
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ X ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ X ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<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 Beneficial
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>
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COMMON STOCK, $.01 PAR VALUE 01/22/98 G 5,000 D
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COMMON STOCK, $.01 PAR VALUE 01/15/98 G 100,000 D 576,622 D
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COMMON STOCK, $.01 PAR VALUE 48,636 I SEE(1)
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COMMON STOCK, $.01 PAR VALUE 100,000 I SEE(2)
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or 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 $2.38 1/8/98 H(3) 148, 4/13/ 4/13 COMMON 148,
WARRANT 600 1997 2002 STOCK 600
(RIGHT TO BUY)
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COMMON STOCK $1.00 1/8/98 J(3) 148, 4/13/ 4/13 COMMON 148, 148,600 D
WARRANT 600 1997 2002 STOCK 600
(RIGHT TO BUY)
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COMMON STOCK $2.38 1/8/98 H(3) 150, 4/13/ 4/13 COMMON 150,
WARRANT 000 1997 2002 STOCK 000
(RIGHT TO BUY)
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COMMON STOCK $1.00 1/8/98 J(3) 150, 4/13/ 4/13 COMMON 150, 150,000 D
WARRANT 000 1997 2002 STOCK 000
(RIGHT TO BUY)
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</TABLE>
Explanation of Responses:
(1) Owned by a charitable trust in which reporting person is a trustee.
Reporting person has no pecuniary interest with respect to the shares and
disclaims beneficial ownership.
(2) Owned by wife of reporting person. Reporting person has no pecuniary
interest, investment or voting power with respect to the shares and
disclaims beneficial ownership.
(3) Cancellation of warrants in exchange for a like number of warrants
exercisable at a lower price on the same terms as the warrants being
cancelled.
**ORIGINAL STATEMENT AMENDED TO REFLECT CHANGE IN THE EXERCISE PRICE OF COMMON
STOCK PURCHASE WARRANTS.
/S/ HENRY FONG JULY 7, 1998
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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 provided is insufficient, see Instruction 6 for procedures.
