UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Sumichrast, Martin A.
Eastbrokers International Incorporated
15245 Shady Grove Road
Suite 340
Rockville, Maryland 20850
2. Issuer Name and Ticker or Trading Symbol
Eastbrokers International Incorporated
EAST
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
04/30/1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chairman, President and Chief Executive Officer
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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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, $0.05 par val|-- |-- |-|-- |-- |-- |50,000 |I |(1) |
ue per share | | |-| | | | | | |
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Common Stock, $0.05 par val|04/09/|S |-|5,000 |D |$8.60 |-- |D |-- |
ue per share |99 | |-| | | | | | |
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Common Stock, $0.05 par val|04/09/|S |-|5,000 |D |$8.50 |210,000 |D |-- |
ue per share |99 | |-| | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class C Common Stock P|$7.00 |-- |-- |-| | |02/20|02/20|Common Stock|70,000 |-- |70,000 |D |-- |
urchase Warrants (Righ| | | |-| | |/99 |/02 |, $0.05 par | | | | | |
t to Buy) | | | | | | | | |value per sh| | | | | |
| | | | | | | | |are | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) 50,000 shares are owned by Sumichrast Enterprises, Inc. ("SEI"), a
corporation of which Martin Sumichrast is an officer and director and the
owner. Martin Sumichrast may be deemed to have voting and investment power with
respect to such shares.
SIGNATURE OF REPORTING PERSON
/s/ Martin A. Sumichrast
DATE
May 10, 1999
