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FORM 4
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[ ] Check this box if no longer subject _________________________________
to Section 16. Form 4 or Form 5 | OMB Number: 3235-0287 |
obligations may continue. See | Expires: September 30, 1998 |
Instruction 1(b). | Estimated average burden |
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_________________________________
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
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1. Name and Address of Reporting Person*
Family Golf Centers, Inc.(1)
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(Last) (First) (Middle)
c/o Family Golf Centers, Inc.
225 Broadhollow Road
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(Street)
Melville, NY 11747
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
MetroGolf Incorporated (MGLF) (MGO)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
February 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)
[ ] Director [X] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ ] Form filed by One Reporting Person
[X] Form filed by More than One Reporting Person
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(over)
(Print or type Responses) SEC 1473 (7-96)
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<TABLE>
<CAPTION>
TABLE I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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5. Amount of 6. Owner-
Securities ship
2. Trans- 3. Trans- 4. Securities Acquired (A) Beneficially Form:
action action or Disposed of (D) Owned at Direct 7. Nature of
Date Code (Instr. 3, 4 and 5) End of (D) or Indirect
1. Title of Security (Month/ (Instr. 8) -------------------------- Month Indirect Beneficial
(Instr. 3) Day/ ---------- Amount (A) or Price (Instr. (I) Ownership
Year) Code V (D) 3 and 4) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock 2/6/98 P 178,800(2) A $1.50 1,000 (3) (4) (4)
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2/9/98 87,600(2) A $1.50
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</TABLE>
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FORM 4 (continued)
<TABLE>
<CAPTION>
TABLE II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
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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)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Warrant $1.00 (5) (5) 12/97 6/99 common 500,000 D
(right to stock,
buy)(5) no par
value
per
share
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Convertible $1.00 (5) (5) 12/97 6/99 common 500,000 D
Note stock,
(right to no par
buy)(5) value
per
share
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</TABLE>
Explanation of Responses:
(1) Pursuant to Instruction 5(b)(v), this Form 4 is filed jointly by all of
the undersigned (collectively, the "Reporting Persons"), who may be
deemed to be members of a "group" pursuant to Section 13(d) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"). Family
Golf Centers, Inc. has been designated to make the filing of this
Form 4.
(2) Acquired through privately negotiated transactions.
(3) Pursuant to an Agreement and Plan of Merger, dated as of December 23, 1997
(the "Merger Agreement"), by and among Family Golf Acquisition, Inc.
("Purchaser"), Family Golf Centers, Inc. ("Parent") and MetroGolf
Incorporated ("Issuer"), on February 24, 1998. Purchaser merged with
and into Issuer in accordance with Section 7-111-104 of the Colorado
Business Corporation Act (the "BCA"). In accordance with the terms of
the Merger Agreement, on February 24, 1998 (i) all issued and
outstanding shares of common stock of issuer not previously tendered
were converted into the right to receive payment of $1.50 per share
in cash, canceled and retired, (ii) each of the 1,000 issued and
outstanding shares of common stock of Purchaser was converted into one
share of Issuer, and (iii) each share of common stock held in the
treasury of the Issuer was canceled and retired without any consideration
therefore.
(4) Purchaser claims direct beneficial ownership of the Shares. Parent claims
indirect beneficial ownership of the Shares through its affiliation with
Purchaser.
(5) Beneficial ownership of derivative securities previously reported. Warrant
has not yet been exercised and convertible note has not yet been
converted.
FAMILY GOLF CENTERS, INC.
BY: /s/ Robert J. Krause 3/10/98
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Name: Robert J. Krause Date
Title: Senior Vice President
** Signature of Reporting Person
** 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 sufficient, see Instruction 6 for procedure.
Page 2 of 2
SEC 1474 (7-96)
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FORM 4 (CONTINUED)
Joint Filer Information
Name: Family Golf Acquisition, Inc.
Address: 225 Broadhollow Road
Melville, NY 11747
Designated Filer: Family Golf Centers, Inc.
Period Covered By Statement: 2/1/98 - 2/28/98
Issuer and Ticker or Trading Symbol: MetroGolf Incorporated (MGLF)
Signature: FAMILY GOLF ACQUISITION, INC.
By: MetroGolf Incorporated
Its Successor In Interest
By: /s/ Robert J. Krause
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Name: Robert J. Krause
Title: Senior Vice President
