<PAGE> 1
---------------------------
OMB APPROVAL
---------------------------
- ------ OMB Number: 3235-0287
FORM 4 Expires: September 30, 1998
- ------ Estimated average burden
hours per response .... 0.5
---------------------------
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if no
longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1935
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
<TABLE>
<S> <C> <C> <C> <C>
(Print or Type Responses)
- ------------------------------------------------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to
BLACKWELL, ROBERT J. CITYSCAPE FINANCIAL CORP. (CTYS) Issuer (Check all applicable)
- ------------------------------------------------------------------------------------------ Director 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
Number of Reporting Month/Year X Officer (give Other (Specify
1421 RATZER ROAD Person (Voluntary) ---- title --- below)
- --------------------------------------------- below)
(Street) SENIOR VICE PRESIDENT-
TITLE ONE LOAN DIVISION
WAYNE NEW JERSEY 07470 APRIL 1997 ------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
(City) (State) (Zip) 5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original Reporting (Check Applicable Line)
(Month/Year) X Form filed by One Reporting
--- Person
Form filed by More than One
--- Reporting Person
- ------------------------------------------------------------------------------------------------------------------------------------
TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ ---------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
SEC 1474 (7/96)
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Expiration Securities Deriv-
Price of (Month/ (Instr. Acquired (A) Date (Instr. 3 and 4) ative
Deriv- Day/ 8) Or Disposed (Month/Day/ Secur-
ative Year) Of (D) (Instr. Year) ity
Security 3, 4, and 5) (Instr. 5)
-----------------------------------
Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
- ------------------------------------------------------------------------------------------------------------------------------------
EMPLOYEE STOCK OPTION $13.25 4/22/97 A V 12,000 4/22/97 4/22/07 COMMON 12,000
(RIGHT TO BUY) STOCK
- ------------------------------------------------------------------------------------------------------------------------------------
EMPLOYEE STOCK OPTION $10.00 1/15/97 2/1/01 COMMON 100,000
(RIGHT TO BUY) STOCK
- ------------------------------------------------------------------------------------------------------------------------------------
EMPLOYEE STOCK OPTION $10.00 1/15/98 2/1/01 COMMON 100,000
(RIGHT TO BUY) STOCK
- ------------------------------------------------------------------------------------------------------------------------------------
EMPLOYEE STOCK OPTION $10.00 1/15/99 2/1/01 COMMON 100,000
(RIGHT TO BUY) STOCK
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
<S> <C> <C> <C>
- -------------------------------------------------------------------------------------------------------
EMPLOYEE STOCK OPTION 12,000 D
(RIGHT TO BUY)
- -------------------------------------------------------------------------------------------------------
EMPLOYEE STOCK OPTION 100,000 D
(RIGHT TO BUY)
- -------------------------------------------------------------------------------------------------------
EMPLOYEE STOCK OPTION 100,000 D
(RIGHT TO BUY)
- -------------------------------------------------------------------------------------------------------
EMPLOYEE STOCK OPTION 100,000 D
(RIGHT TO BUY)
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Robert J. Blackwell 5/7/97
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 6 for procedure. SEC 1474 (7/96)
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.
</TABLE>