<PAGE>
FORM 4
_________________________________
| OMB APPROVAL |
[ ] Check this box if no longer subject _________________________________
to Section 16. Form 4 or Form 5 | OMB Number: 3235-0287 |
obligations may continue. See | Expires: December 31, 2001 |
Instruction 1(b). | Estimated average burden |
| hours per response....... 0.5 |
_________________________________
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange 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
(Print or Type Responses)
-------------------------------------------------------------------------------
1. Name and Address of Reporting Person*
Digital Creative Development Corporation**
-----------------------------------------------------
(Last) (First) (Middle)
67 Irving Place North, 4th Floor
-----------------------------------------------------
(Street)
New York New York 10003
-----------------------------------------------------
(City) (State) (Zip)
-------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
Laser-Pacific Media Corporation (NASDAQ: LPAC)
-------------------------------------------------------------------------------
3. IRS Identification Number of Reporting Person, if an entity (Voluntary)
13-4102909
-------------------------------------------------------------------------------
4. Statement for Month/Year
12/00
-------------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Year)
-------------------------------------------------------------------------------
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [X] 10% Owner**
[ ] Officer (give title below) [ ] Other (specify below)
--------------------------------------------------
-------------------------------------------------------------------------------
7. Individual or Joint/Group Filing (Check Applicable Line)
[ ] Form filed by One Reporting Person
[X] Form filed by More than One Reporting Person
-------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
TABLE I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
---------------------------------------------------------------------------------------------------------------------------------
5. Amount of 6. Owner-
Securities ship
2. Trans- 3. Trans- 4. Securities Acquired (A) Beneficially Form:
action action or Disposed of (D) Owned at Direct 7. Nature of
Date Code (Instr. 3, 4 and 5) End of (D) or Indirect
1. Title of Security (Month/ (Instr. 8) -------------------------- Month Indirect Beneficial
(Instr. 3) Day/ ---------- Amount (A) or Price (Instr. (I) Ownership
Year) Code V (D) 3 and 4) (Instr. 4) (Instr. 4)
---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
---------------------------------------------------------------------------------------------------------------------------------
Common Stock,
par value $.0001 12/13/00 P 13,500 D $1.4575 1,014,100 D
---------------------------------------------------------------------------------------------------------------------------------
Common Stock,
par value $.0001 12/14/00 P 163,000 D $1.4218 1,014,100 D
---------------------------------------------------------------------------------------------------------------------------------
Common Stock,
par value $.0001 12/14/00 S 143,800 D $1.39 1,014,100 D
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
** Joint filing - See Exhibit 1.
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 person, see Instruction 4(b)(v). SEC 1474 (7-96)
</TABLE>
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.
<PAGE>
FORM 4 (continued)
<TABLE>
<CAPTION>
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
-----------------------------------------------------------------------------------------------------------------------------------
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
-----------------------------------------------------------------------------------------------------------------------------------
Title and Ownership
Number of Date Exer- Amount of Form of
Derivative cisable and Underlying Number of Deriv-
Securities Expiration Securities Price Derivative ative
Conver- Trans- Acquired (A) Date (Month/ (Instr. 3 of Securities Security:
sion or Trans- action or Disposed Day/Year) and 4) Deriv- Benefi- Direct
Exercise action Code of (D) -------------- -------------- ative cially (D) or Nature of
Title of Price of Date (Instr. (Instr. 3, Date Amount Secur- Owned at Indirect Indirect
Derivative Deriv- (Month/ 8) 4 and 5) Exer- Expir- or Num- ity End of (I) Beneficial
Security ative Day/ -------- ---------- cis- ation ber of (Instr. Month (Instr. Ownership
(Instr. 3) Security Year) Code V (A) (D) able Date Title Shares 5) (Instr. 4) 4) (Instr. 4)
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Explanation of Responses: See Exhibit 1 for identification of joint filers.
** 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 is insufficient, see Instruction 6 for procedure.
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.
DIGITAL CREATIVE DEVELOPMENT CORPORATION
By: Ralph J. Sorrentino January 10, 2001
---------------------------------------- --------------------
** Signature of Reporting Person Date
Bruce Galloway
----------------------------------------
Bruce Galloway
Ralph J. Sorrentino
----------------------------------------
Ralph J. Sorrentino
<PAGE>
Exhibit 1 to Form 4
Amount of
Securities
Beneficially Ownership
Other Reporting Persons Owned Form
----------------------- ------------ ---------
Bruce Galloway
(for and on behalf of accounts over which
he has control)
1325 Avenue of the Americas, 26th Floor
New York, New York 10019 178,600 D
Ralph J. Sorrentino
67 Irving Place North, 4th Floor
New York, New York 10003 20,300 D
The aggregate amount of securities beneficially owned by the three Reporting
Persons is 1,014,100. Each Reporting Person disclaims any beneficial ownership
of the shares reported by the other Reporting Persons.
Name of Designated Filer: Digital Creative Development Corporation
