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FORM 4
__ Check this box if no
longer subject to
Section 16. Form 4
or Form 5 obligations
may continue. See
Instruction 1(b).
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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.
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OMB Approval
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OMB Number: 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response....0.5
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1. Name and Address of 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) to Issuer
Reporting Person* (Check all applicable)
__ Director |X| 10% Owner
__ Officer (give title below) __ Other (specify below)
Genant Securities N.V. Solo Serve Corporation
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(Last) (First) (Middle) 3. IRS or Social 4. Statement for 7. Individual or Joint/Group Reporting
Security Number of Month/Year (check applicable line)
Reporting Person |X| Form Filed by One Reporting Person
(Voluntary) March 1998 __ Form Filed by More than One Reporting
Person
c/o Holland Intertrust N.V., De Ruyter Kade 53A
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(Street) 5. If Amendment,
Date of Original
(Month/Year)
Netherlands Antilles
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(City) (State) (Zip) Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<S> <C> <C> <C> <C> <C> <C>
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1. Title of Security 2. Trans- 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of
(Instr. 3) action Code (Instr. or Disposed of (D) Securities Form: Indirect
Date 8) (Instr. 3, 4 and 5) Beneficially Direct (D) Beneficial
(Month/ Owned at End or Indirect Ownership
Day/ of Month (I) (Instr. 4)
Year) (Instr. 3 and 4) (Instr. 4)
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Code V Amount (A) or (D) Price
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Common Stock, par 5/2/92 S(2) 1,390,000 D(2) $11.16 per I(1) (1)
value $.01 per share share
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Common Stock, par 7/18/95 J(3) 1,255,000 D(3) 1-for-2 I(1) (1)
value $.01 per share
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Common Stock, par 10/2/97 S 1,255,000 D $0.10 per 0 I(1) (1)
value $.01 per share share
(4)
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* If the Form is filed by more than one Reporting Person see instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities owned directly or indirectly.
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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> <C> <C> <C>
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1. Title 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date 7. Title 8. Price 9. Number 10. Owner- 11. Nature of
of sion or action action Derivative Exer- and of of ship Indirect
Deri- Exercise Date Code Securities cisable Amount Deri- deri- Form Beneficial
vative Price of (Instr. Acquired (A) and Expi- of vative vative of Deri- Ownership
Secu- Deri- (Month/ 8) or Disposed ration Under- Secu- Secu- vative (Instr. 4)
rity vative Day/ of (D) Date Lying rity rities Security
(Instr. Security Year) (Instr. 3, (Month/ Securi- (Instr. Benefi- Direct
3) 4, and 5) Day/ ties 5) cially (D) or
Year) (Instr. Owned Indirect
3 and 4) at End (I)
of (Instr.
Month 4)
(Instr.
4)
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Code V (A) (D) Date Expir- Title Amount
Exerci- ation or
sable Date Number
of
Shares
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Series A 1-for-1 7/18/95 P 1,388,889 Immed. None Com- 1,388,889 $1.80 I(1) (1)
Convertible mon per
Preferred Stock, share
Stock par
value
$0.01
per share
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Series A 1-for-1 3/17/98 S 709,686 Com- 709,686 $0.10 679,205 I(1) (1)
Convertible mon per
Preferred Stock, share
Stock par (5)
value
$0.01
per share
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Explanation of Responses:
(1) - All securities covered by this statement are owned directly by General Atlantic Corporation ("GAC"). The reporting person
owns, indirectly, all of the voting securities of GAC. The reporting person states that this filing on Form 4 shall not be deemed
an admission that it is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial
owner of any of the securities covered by this statement.
(2) - GAC sold 1,390,000 shares of Common Stock to the underwriters of Solo Serve Corporation's initial public offering on May 2,
1992.
(3) - Solo Serve Corporation Common Stock reverse split 1-for-2 on July 18, 1995, resulting in a decrease in the number of shares
held by 1,255,000.
(4) - The purchase price was paid by a non-recourse promissory note of the purchaser to GAC, payable in five equal annual
installments of principal with interest at the fixed rate of 7%.
(5) - The purchase price was paid by non-recourse promissory notes from the purchasers to GAC, payable in five equal annual
installments of principal with interest at a fixed rate of 7%, secured by a pledge of the securities sold.
** Intentional misstatements or omissions of /s/ Genant Securities N.V. April 9, 1998
facts constitute Federal Criminal ------------------------------------------------ ------------------------------
Violations ** Signature of Reporting Person Date
See 18 U.S.C. and 15 U.S.C. 78ff(a).
By: /s/ Craig P. Mayor
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Name: Craig P. Mayor
Title: Managing Director
Note: File three copies of this Form, one
of which must be manually signed.
If space provided 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 form
displays a currently valid OMB number.
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