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Previous: VIRTUAL GAMING ENTERPRISES INC, NT 10-Q, 2001-01-16 |
Next: CYCLO3PSS CORP, 10QSB, 2001-01-16 |
<TABLE>
------------------------- U.S. SECURITIES AND EXCHANGE COMMISSION ------------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB Approval
------------------------- STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ------------------------------
[ ] Check this box if no OMB Number: 3235-0287
longer subject to Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Expires: December 31, 2001
Section 16. Form 4 Section 17(a) of the Public Utility Holding Company Act of 1935 or Estimated average burden
or Form 5 obligations Section 30(f) of the Investment Company Act of 1940 hours per response.......0.5
may continue. See ------------------------------
Instruction 1(b).
<CAPTION>
(Print or Type Responses)
<S> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Issuer Name and Tickler 4. Statement for 6. Relationship of Reporting Person(s)
or Trading Symbol Month/Year to Issuer
(Check all applicable)
Hull, James Mitchell ValueStar Corporation (VLST) December, 2000 [x] Director [x] 10% Owner
------------------------------------ [ ] Officer (give [ ] Other
(Last) (First) (Middle) title below) (specify below)
152 W. 57th Street, 11th floor ---------------------------------------
------------------------------------ -----------------------------------------------------------------------------------------
(Street) 3. IRS or Social Security 5. If Amendment, 7. Individual or Joint/Group Filing
Number of Reporting Date of (Check Applicable Line)
Person Original [X] Form filed by One Reporting Person
New York, NY 10019 (Voluntary) (Month/Year) [ ] Form filed by More than One
------------------------------------ Reporting Person
(City) (State) (Zip)
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<S> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Trans- 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of
(Instr. 3) action Code (Inst. or Disposed of (D) Securities Form: Indirect
Date 8) (Inst. 3, 4 and 5) Beneficially Direct (D) Beneficial
(Month/ Owned at End or Indirect Ownership
Day/ of Month (I) (Inst. 4)
Year) (Inst. 3 (Inst. 4)
and 4)
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Code V Amount (A) or (D) Price
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By (i) J.M. Hull
Associates, L.P.,
(ii) Duck
Partners, L.P.
(iii) Hull
Overseas Ltd.,
(iv) Hull Capital
Corp. Profit
Sharing Plan and,
Trust (v) Hull
Capital Corp.,
and (vi) certain
accounts managed
by Hull Capital
Common Stock 1,884,774 I Corp.
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By (i) J.M. Hull
Associates, L.P.,
(ii) Duck
Partners, L.P.
(iii) Hull
Overseas Ltd.,
(iv) Hull Capital
Corp. Profit
Sharing Plan and,
Trust (v) Hull
Capital Corp.
and (vi) certain
accounts managed
by Hull Capital
Common Stock 12/00 878,500 A .9057 2,712,274 I Corp.
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------------------------------------------------------------------------------------------------------------------------------------
Page 1 of 2
SEC 1475 (3-99)
</TABLE>
<PAGE>
<TABLE>
FORM 4 (continued)
<CAPTION>
TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------------
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 (Inst. 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) (Inst. 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
------------------------------------------------------------------------------------------------------------------------------------
Stk Options Common
(1) $4.00 12/1/00 A 25,000 12/1/00 11/30/05 Stock 25,000 25,000 D
------------------------------------------------------------------------------------------------------------------------------------
By Hull
Capital
Profit and
Stk Purch Common Duck
Wts $5.85 4/00 4/00 3/24/03 Stock 70,000 70,000 I Partners, L.P.
------------------------------------------------------------------------------------------------------------------------------------
Stk Purch Common Hull Capital
Wts $10.00 4/00 4/00 4/4/03 Stock 50,000 50,000 I Corp.
------------------------------------------------------------------------------------------------------------------------------------
By J. M. Hull
Assoc. L.P.
Stk Purch Common and Hull
Wts $2.25 9/00 9/00 9/15/03 Stock 448,895 448,895 I Overseas, Ltd.
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Convertible By J. M. Hull
Series C Assoc. L.P.
Preferred Common 897,790 $22,50 89,779 I and Hull
Stock $2.25 9/00 N/A Stock Overseas, Ltd.
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Explanation of Responses:
(1) Options acquired from the Company
/s/ J. Mitchell Hull 1-8-2001
-------------------------------------- ---------------------------
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 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.
Page 2 of 2
SEC 1475 (3-99)
</TABLE>
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