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OMB APPROVAL
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- ------ OMB Number: 3235-0287
FORM 4 Expires: September 30, 1998
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hours per response .... 0.5
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U.S. 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
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<S> <C> <C> <C> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Weiss, Steven P. Cityscape Financial Corp. (CTYS) Issuer (Check all applicable)
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
Number of Reporting Month/Year Officer (give X Other (Specify
565 Taxter Road Person (Voluntary) October, 1997 ---- title below)
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(Street) V.P. and Director of Subsidiary
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7. Individual or Joint/Group Filing
5. If Amendment, (Check Applicable Line)
Date of Original(Month/Year) X Form filed by 1 Reporting Person
Elmsford, New York 10523 ___ Form filed by more than 1 Rep. Per.
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(City) (State) (Zip) TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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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)
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Common Stock 10/21/97 J(1) 35,000 (D) $3.97 (D)
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Common Stock 10/27/97 J(2) 55,668 (D) $2.69 (D)
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Common Stock 10/22/97 J(3) 25,000 (D) $2.56 (D)
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Common Stock 10/22/97 J(3) 8,000 (D) $2.59 (D)
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Common Stock 10/22/97 J(3) 82,000 (D) $2.63 (D)
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Common Stock 5,008 (D)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1474 (8/92)
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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>
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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 Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Employee Stock Common
Option (right to buy) $13.25 4/22/97 4/22/07 Stock 12,000
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Employee Stock Common
Option (right to buy) $2.50 7/1/96 6/1/05 Stock 40,000
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Employee Stock Common
Option (right to buy) $2.50 7/1/97 6/1/05 Stock 40,000
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Employee Stock Common
Option (right to buy) $2.50 7/1/98 6/1/05 Stock 30,000
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<S> <C> <C> <C>
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)
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Employee Stock
Option (right to buy) 12,000 (D)
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Employee Stock
Option (right to buy) 40,000 (D)
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Employee Stock
Option (right to buy) 40,000 (D)
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Employee Stock
Option (right to buy) 30,000 (D)
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Explanation of Responses:
(1) On January 14, 1997, the reporting person entered into a Credit Facility with Smith Barney Inc. ("Smith Barney") pursuant to
which balances outstanding under the Credit Facility are secured by a pledge of the reporting person's securities. Pursuant to the
terms of the Credit Facility, Smith Barney sold these securities and applied the proceeds from such sale to the outstanding balance
of the Credit Facility.
(2) On April 2, 1997, the reporting person entered into a Credit Facility with Merrill Lynch Credit Corporation ("Merrill Lynch")
pursuant to which balances outstanding under the Credit Facility are secured by a pledge of the reporting person's securities.
Pursuant to the terms of the Credit Facility, Merrill Lynch sold these securities and applied the proceeds from such sale to the
outstanding balance of the Credit Facility.
(3) On April 13, 1996, and October 27, 1996, the reporting person entered into Credit Facilities with Merrill Lynch, Pierce, Fenner
& Smith Incorporated ("Merrill Lynch") pursuant to which balances outstanding under the Credit Facilities are secured by a pledge of
the reporting person's securities. Pursuant to the terms of the Credit Facilities, Merrill Lynch sold these securities and applied
the proceeds from such sale to the outstanding balance of the Credit Facilities.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /S/ STEVEN WEISS 10/31/97
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 (8/92)
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