<PAGE> OMB Number 3235-0104
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 3
INITIAL STATEMENT OF 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 *
Porter, Jeffrey H. 100 Shoreline Mill Valley CA 94965
(Last), (First) (Middle), (Street), (City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
September 24, 1999
3. IRS or Social Security Number of Reporting Person (Voluntary)
________
4. Issuer Name and Ticker and Trading Symbol
Conversion Technologies International, Inc. (CITX, CITXW, CITXZ)
5. Relationship of reporting person to issuer
(Check all applicable)
____ Director __X_ 10% Owner
____ Officer (give ____ Other (specify
title below) below)
______________________
6. If Amendment, Date of Original (Month/Day/Year)
_____________________
7. Individual or Joint/Group Filing (Check Applicable line)
____ Form filed by one Reporting Person
_X__ Form filed by More than One Reporting Person
<PAGE>
FORM 3 (continued) Page 2 of 9 Pages
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Inst. 4)
Common Stock
2. Amount of Securities Beneficially Owned (Instr. 4)
16,000
3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)
D(1)
4. Nature of Indirect Beneficial Ownership (Instr. 5)
____________________
___________________________________________________________________________
1. Title of Security (Inst. 4)
Common Stock
2. Amount of Securities Beneficially Owned (Instr. 4)
125,700
3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)
D(2)
4. Nature of Indirect Beneficial Ownership (Instr. 5)
____________________
___________________________________________________________________________
Reminder: Report on a separate line for each class of
securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person,
see Instruction 5(b)(v). SEC 1473 (3-99)
<PAGE>
FORM 3 (continued) Page 3 of 9 Pages
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Inst. 4)
Series A Convertible Preferred Stock
2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
June 10, 1997 none
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
Title: Common Stock Amount or Number of Shares: 112,000
4. Conversion or Exercise Price of Derivative Security
Each share of Series A Convertible Preferred Stock is convertible, at
the holder's option, into twenty shares of the issuer's Common Stock
(based on a conversion price of $0.50 per share).
5. Ownership Form of Derivative Security:
Direct (D) or Indirect (I) (Instr. 5)
D(2)
6. Nature of Indirect Beneficial Ownership (Instr. 5)
______________________________________________________________________
___________________________________________________________________________
1. Title of Derivative Security (Inst. 4)
Series A Convertible Preferred Stock
2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
August 26,1997 none
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
Title: Common Stock Amount or Number of Shares: 112,000
4. Conversion or Exercise Price of Derivative Security
Each share of Series A Convertible Preferred Stock is convertible, at
the holder's option, into twenty shares of the issuer's Common Stock
(based on a conversion price of $0.50 per share).
5. Ownership Form of Derivative Security:
Direct (D) or Indirect (I) (Instr. 5)
D(2)
6. Nature of Indirect Beneficial Ownership (Instr. 5)
______________________________________________________________________
<PAGE>
FORM 3 (continued) Page 4 of 9 Pages
1. Title of Derivative Security (Inst. 4)
Series A Convertible Preferred Stock
2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
June 10, 1997 none
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
Title: Common Stock Amount or Number of Shares: 448,000
4. Conversion or Exercise Price of Derivative Security
Each share of Series A Convertible Preferred Stock is convertible, at
the holder's option, into twenty shares of the issuer's Common Stock
(based on a conversion price of $0.50 per share).
5. Ownership Form of Derivative Security:
Direct (D) or Indirect (I) (Instr. 5)
D(3)
6. Nature of Indirect Beneficial Ownership (Instr. 5)
______________________________________________________________________
___________________________________________________________________________
1. Title of Derivative Security (Inst. 4)
Series A Convertible Preferred Stock
2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
August 26, 1997 none
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
Title: Common Stock Amount or Number of Shares: 448,000
4. Conversion or Exercise Price of Derivative Security
Each share of Series A Convertible Preferred Stock is convertible, at
the holder's option, into twenty shares of the issuer's Common Stock
(based on a conversion price of $0.50 per share).
5. Ownership Form of Derivative Security:
Direct (D) or Indirect (I) (Instr. 5)
D(3)
6. Nature of Indirect Beneficial Ownership (Instr. 5)
______________________________________________________________________
___________________________________________________________________________
<PAGE>
FORM 3 (continued) Page 5 of 9 Pages
1. Title of Derivative Security (Inst. 4)
Series B Convertible Preferred Stock
2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
September 24, 1999 none
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
Title: Common Stock Amount or Number of Shares: 3,333,340
4. Conversion or Exercise Price of Derivative Security
Each share of Series B Convertible Preferred Stock is convertible, at
the holder's option, into twenty shares of the issuer's Common Stock
(based on a conversion price of $0.03 per share).
5. Ownership Form of Derivative Security:
Direct (D) or Indirect (I) (Instr. 5)
D(2)
6. Nature of Indirect Beneficial Ownership (Instr. 5)
______________________________________________________________________
___________________________________________________________________________
1. Title of Derivative Security (Inst. 4)
Series B Convertible Preferred Stock
2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
September 24, 1999 none
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
Title: Common Stock Amount or Number of Shares: 13,333,340
4. Conversion or Exercise Price of Derivative Security
Each share of Series B Convertible Preferred Stock is convertible, at
the holder's option, into twenty shares of the issuer's Common Stock
(based on a conversion price of $0.03 per share).
5. Ownership Form of Derivative Security:
Direct (D) or Indirect (I) (Instr. 5)
D(3)
6. Nature of Indirect Beneficial Ownership (Instr. 5)
______________________________________________________________________
___________________________________________________________________________
<PAGE>
FORM 3 (continued) Page 6 of 9 Pages
Explanation of Responses:
(1) Owned directly by Jeffrey H. Porter ("Porter").
(2) Owned directly by EDJ Limited (EDJ). Also owned indirectly by Porter
Capital Management Co. ("Porter Capital") as the investment adviser to EDJ,
and by Porter as the Managing General Partner of Porter Capital. Porter
Capital and Porter disclaim beneficial ownership of the securities reported
except to the extent of their respective pecuniary interests in those
securities.
(3) Owned directly by Porter Partners, L.P. ("Porter Partners"). Owned
indirectly by Porter Capital as the general partner of Porter Partners, and
by Porter as the Managing General Partner of Porter Capital. Porter
Capital and Porter disclaim beneficial ownership of the securities reported
except to the extent of their respective pecuniary interests in those
securities
Dated: October 21, 1999
EDJ Limited PORTER PARTNERS, L.P.,
A Bahamian International A California limited partnership
Business Corp.
By Porter Capital Management Co.
By Porter Capital Management Co.
/s/ Jeffrey H. Porter
/s/ Jeffrey H. Porter Jeffrey H. Porter
Jeffrey H. Porter Managing General Partner
Managing General Partner
PORTER CAPITAL MANAGEMENT CO.,
A California general partnership
/s/ Jeffrey H. Porter
Jeffrey H. Porter
Managing General Partner
/s/ Jeffrey H. Porter
Jeffrey H. Porter
** 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 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.
<PAGE>
FORM 3 (continued) Page 7 of 9 Pages
CONFIRMING STATEMENT
This Statement confirms that the undersigned have authorized and designated
Jeffrey H. Porter ("Porter") to execute and file on the undersigned's
behalf all Forms 3, 4 and 5 (including any amendments thereto) that the
undersigned may be required to file with the U.S. Securities and Exchange
Commission as a result of the undersigned's ownership of or transactions in
securities of Conversion Technologies International, Inc. ("Conversion
Tech"). The authority of Porter under this Statement shall continue until
the undersigned are no longer required to file Forms 3, 4 and 5 with regard
to the undersigned's ownership of or transactions in securities of
Conversion Tech, unless earlier revoked in writing. The undersigned
acknowledge that Porter is not assuming any of the undersigned's
responsibilities to comply with Section 16 of the Securities Exchange Act
of 1934.
Date: October 21, 1999
EDJ Limited PORTER PARTNERS, L.P.,
A Bahamian International A California limited partnership
Business Corp.
By Porter Capital Management Co.
By Porter Capital Management Co.
/s/ Jeffrey H. Porter
/s/ Jeffrey H. Porter Jeffrey H. Porter
Jeffrey H. Porter Managing General Partner
Managing General Partner
PORTER CAPITAL MANAGEMENT CO.,
A California general partnership
/s/ Jeffrey H. Porter
Jeffrey H. Porter
Managing General Partner
<PAGE>
FORM 3 (continued) Page 8 of 9 Pages
JOINT FILER INFORMATION
Name: Porter Capital Management Co.
100 Shoreline, Suite 211B
Mill Valley, Ca 94965
Designated Filer: Jeffrey H. Porter
Issuer & Ticker Symbol: Conversion Technologies International, Inc.
(CTIX, CTIXW, CTIXZ)
Date of Event Requiring Statement: 9/24/99
Signature: PORTER CAPITAL MANAGEMENT CO.,
A California general partnership
/s/ Jeffrey H. Porter
Jeffrey H. Porter
Managing General Partner
Name: Porter Partners, L.P.
100 Shoreline, Suite 211B
Mill Valley, Ca 94965
Designated Filer: Jeffrey H. Porter
Issuer & Ticker Symbol: Conversion Technologies International, Inc.
(CTIX, CTIXW, CTIXZ)
Date of Event Requiring Statement: 9/24/99
Signature: PORTER PARTNERS, L.P.,
A California limited partnership
By Porter Capital Management Co.
/s/ Jeffrey H. Porter
Jeffrey H. Porter
Managing General Partner
Name: EDJ Limited
Deltec House
Lyford Cay
P.O. Box N-3229
Nassau, Bahamas
Designated Filer: Jeffrey H. Porter
Issuer & Ticker Symbol: Conversion Technologies International, Inc.
(CTIX, CTIXW, CTIXZ)
Date of Event Requiring Statement: 9/24/99
<PAGE>
FORM 3 (continued) Page 9 of 9 Pages
Signature: EDJ Limited
A Bahamian International
Business Corp.
By Porter Capital Management Co.
/s/ Jeffrey H. Porter
Jeffrey H. Porter
Managing General Partner
