<PAGE>
FORM 4
[ ] Check this box if no longer subject
to Section 16. Form 4 or Form 5
obligations may continue. See
Instruction 1(b).
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
Schmid, Peter
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(Last) (First) (Middle)
Schlickgasse 1
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(Street)
A-1090 Vienna, Austria
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(City) (State) (Zip)
_______________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
Eastbrokers International Incorporated (EAST), formerly known as Czech
Industries, Inc.
_______________________________________________________________________________
3. IRS or Social Security Number of Reporting Person (Voluntary)
XXX-XX-XXXX
_______________________________________________________________________________
4. Statement for Month/Year
XXXXXXXXXXXXXXXXXXX
_______________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)
August 1996
_______________________________________________________________________________
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[X] 10% Owner
[X] Director
[X] Officer (give title below)
[ ] Other (specify below)
President and Chief Operating Officer
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--------------------------------------------------
_______________________________________________________________________________
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
_______________________________________________________________________________
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FORM 4 (continued)
<TABLE>
<CAPTION>
TABLE I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned*
- ------------------------------------------------------------------------------------------------------------------------
1. 2. 3. 4. 5. 6. 7.
- --------------------- -------- ---------- ------------------------------ ----------- ---------- ----------
Amount of Owner-
Securities ship
Trans- Trans- Securities Acquired (A) Beneficially Form:
action action or Disposed of (D) Owned at Direct Nature of
Date Code (Instr. 3, 4 and 5) End of (D) or Indirect
Title of (Month/ (Instr. 8) ---------------------------- Month Indirect Beneficial
Security Day/ ---------- Amount (A) or Price (Instr. (I) Ownership
(Instr. 3) 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
$.05 per share 8/1/96 J(1) 218,825 A (1) I (1)
Common Stock, par value
$.05 per share 8/1/96 J(1) 200,000 A (1) I (1)
Common Stock, par value
$.05 per share 8/1/96 J(1) 359,925 A (1) 778,750 I (2)
Common Stock, par value
$.05 per share 8/1/96 J(1) 194,734 A (1) 194,734 D (2)
</TABLE>
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).
Page 2
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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>
Stock Option $10.00 8/1/96 J(1) 2/1/97 8/1/01 Common 33,000 (3) 33,000 D
Stock
</TABLE>
Explanation of Responses:
*All share amounts have been adjusted to reflect the one-for-five reverse split
of the Common Stock which became effective in September 1996.
(1) Represents partial consideration for the issuer's acquisition of 80% of the
Common Stock of Eastbrokers Beteiligungs AG, of which Mr. Schmid was a founder
and one of the three principal stockholders. 218,825 shares are held by
KHS Beteiligungs AG ("KHS") over which Mr. Schmid shares control. 200,000
shares are held by Karntner Landes und Hypothekenbank AG (the "Bank") as
nominee for KHS. Not included are shares previously reported as held by
WMP Borsenmakler AG, of which Mr. Schmid is President, which became an
indirect subsidiary of the issuer by reason of the above referenced
acquisition.
(2) Represents partial consideration for the acquisition referenced in Note (1).
359,925 of these shares are held by the Bank as nomimee for the Tsuyoshi Trust
Vaduz and 194,734 shares are held by the Bank as nominee for Mr. Schmid.
Mr. Schmid has sole voting and investment power with respect to the trust
shares and is a beneficiary of the trust.
(3) Options issued in connection with the acquisition referred to in Note (1).
/s/ PETER SCHMID 4/4/97
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** Signature of Reporting Person Date
PETER SCHMID
** 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.
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