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F O R M 4 OMB APPROVAL
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Check this box if OMB Number 3238-0287
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
GROSSER, ROBERT
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(Last) (First) (Middle)
39 WINDGATE DRIVE
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(Street)
NEW CITY NEW YORK 10956
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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)
[ X ] Director [ X ] 10% Owner
[ X ] Officer (give title [ ] Other (specify
below) below)
CHAIRMAN OF THE BOARD, CEO AND PRESIDENT
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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 1/2/97 X 1,380,000 D $1.25
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COMMON STOCK
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COMMON STOCK
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COMMON STOCK
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</TABLE>
<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>
D
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3,888,444 D
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800 I(1) BY DAUGHTER
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800 I(1) BY DAUGHTER
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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 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>
SHORT CALL OPTION
(OBLIGATION TO SELL) $1.25 1/2/97 X 1,380,000
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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 Deriva- ative Form direct
Expiration Securities tive Secur- of De- Bene-
Date (Instr. 3 Security ities rivative ficial
(Month/Day/ and 4) (Instr. 5) Bene- Secu- Own-
Year) ficially rity; ership
---------------------------------------- Owned at Direct (Instr.
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>
SHORT CALL OPTION COMMON
(OBLIGATION TO SELL 7/1/96 3/10/00 STOCK 1,380,000 -0- D
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</TABLE>
Explanation of Responses:
(1) REPORTING PERSON AS CUSTODIAN FOR DAUGHTER WHO SHARES
REPORTING PERSON'S HOUSEHOLD.
/s/ Robert Grosser 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.
