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F O R M 4 OMB APPROVAL
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Check this box if OMB Number 3225-0287
no longer subject Expires: April 30, 1997
to Section 16, Form 4 Estimated average
or Form 5 obligations burden hours
may continue. See per response ........... 0.5
Instructions 1(b). ----------------------------
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities 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
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1. Name and Address of Reporting Person
WEISS, STEVEN P.
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(Last) (First) (Middle)
1023 FERNGATE DRIVE
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(Street)
FRANKLIN SQUARE NEW YORK 11010
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
CITYSCAPE FINANCIAL CORP. (CTYS)
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3. IRS or Social Security Number
of Reporting Person (Voluntary)
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4. Statement for
Month/Year
JANUARY 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 [ ] 10% Owner
[ ] Officer (give title [ X ] Other (specify
below) below)
V.P. AND DIRECTOR OF SUBSIDIARY
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7. Individual or Joint/Group Filing Reporting
(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>
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1. Title of Security 2. Transaction 3. Transaction 4. Securities Acquired (A)
(Instr. 3) Date Code or Disposed of (D)
(Instr. 3) (Instr. 3, 4 and 5)
(Month/ -------------------------------------------------------------
Day/ Code V Amount (A) or Price
Year) (D)
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<S> <C> <C> <C> <C> <C> <C>
COMMON STOCK 1/20/97 M 40,000 A $2.50
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</TABLE>
REMINDER: REPORT ON A SEPARATE LINE FOR EACH CLASS OF SECURITIES BENEFICIALLY
OWNED DIRECTLY OR INDIRECTLY.
(PRINT OR TYPE RESPONSES)
<TABLE>
<CAPTION>
5. Amount of Securities 6. Ownership Form 7. Nature of Indirect
Beneficially Owned Direct (D) Beneficial
at End of Month or Indirect Ownership
(Instr. 3 and 4) (I) (Instr. 4) (Instr. 4)
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<S> <C> <C>
210,676 D
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</TABLE>
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<TABLE>
<CAPTION>
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1. Title of Derivative Security 2. Conversion 3. Transaction 4. Transaction 5. Number of
(Instr. 3) or Exercise Date Code Derivative
Price of (Month/ (Instr. 8) Securities
Derivative Day/ Acquired (A) or
Security Year) Disposed of (D)
(Instr. 3,
4 and 5)
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Code V (A) (D)
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<S> <C> <C> <C> <C> <C> <C>
EMPLOYEE STOCK
OPTION (RIGHT TO BUY) $2.50 1/20/97 M 40,000
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EMPLOYEE STOCK
OPTION (RIGHT TO BUY) $2.50
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EMPLOYEE STOCK
OPTION (RIGHT TO BUY) $2.50
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EMPLOYEE STOCK
OPTION (RIGHT TO BUY) $2.50
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</TABLE>
<TABLE>
<CAPTION>
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1. Title of Derivative 6. Date 7. Title and 8. Price 9. Number 10. Owner- 11. Nature
Security Exercisable Amount of of of Deriv- ship of In-
(Instr. 3) and Underlying Deriv- ative Form direct
Expiration Securities ative Secur- of De- Bene-
Date (Instr. 3 Security ities rivative ficial
(Month/Day/ and 4) (Instr. 5) Bene- Secur- Own-
Year) ficially ity; ership
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Date Expira- Title Amount End of (D) or 4)
Exer- tion or Num- Month Indi-
cisable Date ber of (Instr. 4) rect (I)
Shares (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
EMPLOYEE STOCK COMMON
OPTION (RIGHT TO BUY) 7/1/95 6/1/05 STOCK 40,000 -0- D
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EMPLOYEE STOCK COMMON
OPTION (RIGHT TO BUY) 7/1/96 6/1/05 STOCK 40,000 40,000 D
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EMPLOYEE STOCK COMMON
OPTION (RIGHT TO BUY) 7/1/97 6/1/05 STOCK 40,000 40,000 D
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EMPLOYEE STOCK COMMON
OPTION (RIGHT TO BUY) 7/1/98 6/1/05 STOCK 30,000 30,000 D
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</TABLE>
Explanation of Responses:
/s/ Steven P. Weiss 2/6/97
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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 procedure.
