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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
------ WASHINGTON, D.C. 20549 -------------------------------
OMB Number 3235-0287
|_| Check this box if STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Expires: December 31, 2001
no longer subject Estimated average burden
to Section 16. Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, hours per response........0.5
Form 4 or Form 5 Section 17(a) of the Public Utility Holding Company Act of 1935 -------------------------------
obligations may or Section 30(f) of the Investment Company Act of 1940
continue. See
Instruction 1(b)
(Print or Type Responses)
<S> <C> <C> <C>
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1.Name and Address of Reporting Person* 2.Issuer Name AND Ticker or Trading Symbol 6.Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Hewitt Alexander S. AmeriVest Properties, Inc. (AMV) Director X 10% Owner
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(Last) (First) (Middle) 3.IRS or Social Security 4.Statement for X Officer (give Other (Specify
Number of Reporting Month/Year --- title below) --- below)
Person, if an entity
1800 Glenarm Place, Suite 500 (Voluntary) 12/00 Vice President
N/A ---------------------------
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(Street) 5.If Amendment, 7.Individual or Joint/Group Filing
Date of Original (Check applicable line)
(Month/Year) X Form filed by One Reporting Person
Denver CO 80202 ---
----------------------------------------- Form filed by More than One
(City) (State) (Zip) --- Reporting Person
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TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
<S> <C> <C> <C> <C> <C> <C>
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1.Title of Security 2.Trans- 3.Transaction 4.Securities Acquired (A) 5.Amount of 6.Ownership 7.Nature of
(Instr. 3) action Code or Disposed of (D) Securities Form: Indirect
Date (Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct (D) or Beneficial
---------------------------------------------- Owned at End Indirect (I) Ownership
(Month/ of Month (Instr. 4) (Instr. 4)
Day/ Code V Amount (A) or Price (Instr. 3 and 4)
Year) (D)
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Common Stock 12/26/00 P 16,305 A $4.868(a) 148,089 I (b)
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Common Stock 12/29/00 P 200 A $4.75 56,663 D
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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).
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form (Over)
displays a currently valid OMB control number. SEC 1474 (3-99)
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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)
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Expiration Securities Deriv-
Price of (Instr. 8) Acquired (A) or Date (Instr. 3 and 4) ative
Deriv- (Month/ Disposed of (D) (Month/Day/ Secur-
ative Day/ (Instr. 3, 4, Year) ity
Security Year) and 5) (Instr. 5)
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Date Expira- Amount or
Code V (A) (D) Exer- tion Title Number of
cisable Date Shares
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<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) or (Instr. 4)
of Month Indirect (I)
(Instr. 4) (Instr. 4)
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Explanation of Responses:
(a) Shares acquired in exchange for life insurance policy formerly held by entity in which reporting person has a beneficial
interest. Price based on weighted average price per share for five (5) Trading Days prior to Board meeting at which exchange
was approved.
(b) Common stock owned by entities in which reporting person has an indirect pecuniary interest. Reporting person disclaims
beneficial ownership over 12,179 shares of common stock acquired in this transaction and an aggregate of 118,682 shares of
common stock.
/s/Deborah J. Friedman 1/8/01
** Intentional misstatements or omissions of facts ------------------------------------ -----------
constitute Federal Criminal Violations. Deborah J. Friedman Date
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Attorney-in-Fact
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 2
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