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OMB APPROVAL
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OMB Number 3235-0287
Expires: April 30, 1997
Estimated average burden
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
[ x ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person
SUTTER, JR. WILLIAM P.
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(Last) (First) (Middle)
Mesirow Financial Holdings, Inc.
350 North Clark Street
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(Street)
Chicago, IL 60610
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
New West Eyeworks, Inc. (NEWI)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
October 1998
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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<PAGE>
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 10/23/98 U 642,759 D $11.50 0 I *
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Common Stock 10/23/98 U 500 D $11.50 0 I **
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Common Stock 10/23/98 U 300 D $11.50 0 I ***
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Common Stock 10/23/98 U 5104 D $11.50 0 I ****
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
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)
<TABLE>
<CAPTION>
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9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock $6.11 10/23/98 U 22,500 Immed Common 22,500 $5.39 0 I *****
Warrants (right to Stock
buy)
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Series A Convertible ****** 10/23/98 U 3,300 ****** Common 392,857 $1,369.05 0 I *******
Preferred Stock Stock
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Series B Convertible ****** 10/23/98 U 1,500 ****** Common 178,572 $1,369.05 0 I *******
Preferred Stock Stock
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Series A Convertible ****** 10/23/98 U 99 ****** Common 11,786 $1,369.05 0 I ****
Preferred Stock Stock
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Common Stock Options $7.00 10/23/98 U 10,000 Immed Common 10,000 $4.50 0 D*********
(right to buy) Stock
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</TABLE>
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Explanation of Responses: * These securities are directly owned by Mesirow
Capital Partners II, Mesirow Capital Partners III, Mesirow Capital
Partners IV, Mesirow Capital Partners V and Mesirow Capital Partners VI, all
Illinois limited partnerships. By reason of his position as an officer of the
corporate general partner of these partnerships, Mr. Sutter may be deemed to
beneficially own all of the securities with shared voting and investment
power over the securities. Mr. Sutter disclaims benefical owernship of all
such securities.
**These securities are indirectly held by Mr. Sutter as custodian for his son.
Mr Sutter disclaims beneficial ownership of all such securities.
***These securities are indirectly held by Mr. Sutter as custodian for his
daughter. Mr Sutter disclaims beneficial ownership of all such securities.
****These securities are indirectly held by Mr. Sutter as a partner of Flag
Partners.
***** These securities are directly owned by Mesirow Capital Partners V and
Mesirow Capital Partners VI.
******These securities are convertible beginning 8/1/96 into shares of common
stock based on their par value of $1,000 at a price equal to $8.40, subject to
adjustment.
*******These securities are directly owned by Mesirow Capital Partners VI.
********These Securities are directly owned by Mesirow Capital Parners II,
Mesirow Capital Partners III, Mesirow Capital Partners IV and Mesirow Capital
Partners V.
*********Mr. Sutter held these securities as a director of New West Eyeworks,
Inc. Mr. Sutter will assign the proceeds he received from these securities to
the Mesirow Capital partnerships.
/s/ Miriam B. Marcus 10/9/98
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**Signature of Reporting Person Date
Miriam B. Marcus for William P. Sutter, Jr.
** 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 procedures.
