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| FORM 3 |
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OMB Number: 3525-0287
Expires: September 30, 1998
Estimated average burden
hours per response. . . 0.5
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a)
Public Utility Holding Company Act of 1935 or Section 30(f)
of the Investment Company Act of 1940
1. Name and Address of Reporting Person*
Funsten Kenneth B.
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(Last) (First) (Middle)
121 Outrigger Mall
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(Street)
Marina del Rey California 90292
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
12/30/98
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
MARCUM NATURAL GAS SERVICES, INC. (MGAS)
5. Relationship of Reporting Person to Issuer (Check all applicable)
[ ] Director
[X] 10% Owner
[ ] Officer (give title below)
Chief Financial Officer
[ ] Other (specify below)
6. If Amendment, Date of Original Month/Day/Year)
<TABLE>
TABLE 1 - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED
<S> <C> <C> <C>
1. Title of 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
Security (Instr. 4) Benefically Owned Direct (D) or Beneficial
(Inst. 4) Indirect (I) Ownership (Instr. 5)
-------------------------- (Instr. 5)
-------------------------- ----------------
Common Stock 103,625 D
Common Stock 232,200 I through partnership (1)
Common Stock 36,250 I through corporation (1)
Common Stock 4,100 I (2)
</TABLE>
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
<PAGE>
FORM 3 (continued)
<TABLE>
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
<C> <S> <S> <S> <S> <S> <S> <S>
1. Title of Derivative 2. Date Exercisable and 3. Title and Amount of 4. Conversion or 5. Ownership Form 6. Nature of
Security (Instr. 4) Expiration Date Securities Underlying Exercise Price of Derivative Indirect
(Month/Day/Year) Derivative Security of Derivative Security: Beneficial
-------------------------- (Instr. 4) Security Direct (D) or Ownership
-------------------------- Indirect (I) (Instr. 5)
Amount or (Instr. 5)
Date Expiration Number of
Exercisable Date Title Shares
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Warrants 9/10/98 9/10/03 Common Stock 23,825 $4.00 D
Warrants 9/10/98 9/10/03 Common Stock 58,050 $4.00 I through
partnership(1)
Warrants 9/10/98 9/10/03 Common Stock 9,062 $4.00 I through
corporation(1)
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</TABLE>
Explanation of Responses:
(1) Mr. Funsten disclaims beneficial ownership of any shares and warrants of
Marcum Natural Gas Services, Inc. (the "Company") as to which he has no direct
or indirect pecuniary interest.
(2) Through employee of Funsten Asset Management Company whose shares
Mr. Funsten may be deemed to control. Mr. Funsten disclaims beneficial
ownership of such shares.
/s/ Kenneth B. Funsten January 11, 1999
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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.
