UNITED STATES 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 Instructions 1(b).
1. Name and Address of Reporting Person
Langbein, Thomas Kurt
c/o Medicore, Inc.
777 Terrace Avenue
Hasbrouck Heights, NJ 07604
USA
2. Issuer Name and Ticker or Trading Symbol
Medicore, Inc.
MDKI
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
May 1, 1998
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)
Ch. of Bd., CEO and President
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, $.01 par valu|5/1/98|G* |V|20,000 |D | |773,014(1) |D | |
e | | | | | | | | | |
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Common Stock, $.01 par valu|5/1/98|G* |V|20,000 |A | |51,400 |I(2) |By Son and Daughter |
e | | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | | | | | | |
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Explanation of Responses:
* Gift of 10,000 shares each to son and daughter. See Note
(2)
(1) Does not include (i) 250,000 shares of common stock underlying options
exercisable through April 17, 2000; and (ii) 400,000 shares of common
stock pursuant to an option under employment agreement, not exercisable until
certain contingencies arise.
(2) Reporting person disclaims beneficial ownership of all shares held by his
son, who shares the reporting person's household, and daughter, both
of majority age, and this report should not be deemed an admission that the
reporting person is the beneficial owner of such shares for purposes of
Section 16 for any other reason.
SIGNATURE OF REPORTING PERSON
/s/ THOMAS K. LANGBEIN
DATE
May 18, 1998
