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OMB APPROVAL
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- ------ OMB Number: 3235-0287
FORM 4 Expires: April 30, 1997
- ------ Estimated average burden
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 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
Issuer (Check all applicable)
GROSSER, ROBERT CITYSCAPE FINANCIAL CORP. (CTYS)
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
Number of Reporting Month/Year X Officer (give Other (specify
Person (Voluntary) ---- title below) --- below)
CHAIRMAN OF THE BOARD, CEO AND
39 WINDGATE DRIVE APRIL 1997 PRESIDENT
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(Street) 5. If Amendment, 7. Individual of 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
NEW CITY NEW YORK 10956 Reporting Person
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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 800(1) I BY DAUGHTER
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COMMON STOCK 800(1) I BY DAUGHTER
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COMMON STOCK 640(2) I BY SPOUSE
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COMMON STOCK 800(3) I BY DAUGHTER
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COMMON STOCK 800(3) I BY DAUGHTER
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COMMON STOCK 3,888,444 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>
1. Title of 2. Conversion or 3. Transaction Date 4. Transaction Code 5. Number of Derivative Securities
Derivative Exercise Price (Month/Day/Year) (Instr. 8) Acquired (A) or Disposed of (D)
(Inst. 3) of Derivative (Instr. 3, 4, and 5)
Security
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Code V (A) (D)
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EMPLOYEE STOCK OPTION $13.25 4/22/97 A V 25,000
(RIGHT TO BUY)
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<S> <C> <C> <C> <C> <C>
6. Date Exercisable 7. Title and Amount 8. Price of 9. Number of derivative 10. Ownership Form 11. Nature of Indirect
and Expiration of Underlying Sec- Derivative Securities Beneficially of Derivative Beneficial Owner-
Date urities Security Owned at End of Month Security: ship
(Month/Day/Year) (Instr. 3 and 4) (Instr. 5) (Instr. 4) Direct (D) or (Instr. 4)
Indirect (I)
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Date Expira- Amount or
Exer- tion Title Number of
cisable Date Shares
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4/22/97 4/22/07 COMMON 25,000 25,000 D
STOCK
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EXPLANATION OF RESPONSES:
(1) HELD IN TRUST FOR DAUGHTER WHO SHARES REPORTING PERSON'S HOUSEHOLD, REPORTING PERSON'S SPOUSE AS TRUSTEE.
(2) THE REPORTING PERSON DISCLAIMS BENEFICIAL OWNERSHIP OF THESE SECURITIES, AND THIS REPORT SHALL NOT BE DEEMED AN
ADMISSION THAT THE REPORTING PERSON IS THE BENEFICIAL OWNER OF SUCH SECURITIES.
(3) REPORTING PERSON AS CUSTODIAN FOR DAUGHTER WHO SHARES REPORTING PERSON'S HOUSEHOLD.
/s/ Robert Grosser 5/8/97
** Intentional misstatements or omissions of facts constitute Federal Criminal ------------------------------- -------------
Violations. 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.
If space provided is insufficient, See Instruction 6 for procedure.
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SEC 1474 (8-92)
