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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
/ / Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Scharf Gilbert D.
(Last) (First) (Middle)
P.O. Box 1124
(Street)
Ponte Vedra Beach Florida 32004
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Maxcor Financial Group Inc.
(Common Stock: "MAXF")
3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
4. Statement for Month/Year
8/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
/X/ Director /X/ 10% Owner
/X/ Officer (give title below) / / Other (specify below)
President, Chairman of the Board and Chief Executive Officer
7. Individual or Joint/Group Reporting (Check Applicable Line)
/X/ Form filed by One Reporting Person
/ / Form filed by More than One Reporting Person
* If the form is filed by more than one reporting person, see instruction
4(b)(v).
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
5. Amount
of Secu-
rities
4. Securities Acquired (A) Bene- 6. Ownership
2. Trans- 3. Trans- or Disposed of (D) ficially Form:
action action (Instr. 3, 4 and 5) Owned Direct
Date Code ----------------------------- at End (D) or
(Month/ (Instr. 8) (A) of Month Indirect
1. Title of Security Day/ ------------- Amount or Price (Instr. (I)
(Instr. 3) Year) Code V (D) 3 and 4) (Instr. 4)
- ----------------------------- ---------- ------ ----- ------------ --- ---------- ----------- -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
a. Common Stock, par value $.001 8/5/99 P 5,000 A $2.25 I
b. Common Stock, par value $.001 8/6/99 P 5,000 A $2.25 I
c. Common Stock, par value $.001 8/9/99 P 5,000 A $2.375 426,294 I
d. Common Stock, par value $.001 656,839 D
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7. Nature of
Indirect
Beneficial
1. Title of Security Ownership
(Instr. 3) (Instr. 4)
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<S> <C>
a. Common Stock, par value $.001 By Gilbert D. Scharf Living Trust (of which the Reporting Person
is sole trustee)
b. Common Stock, par value $.001 By Gilbert D. Scharf Living Trust (of which the Reporting Person
is sole trustee)
c. Common Stock, par value $.001 By Gilbert D. Scharf Living Trust (of which the Reporting Person
is sole trustee)
d. Common Stock, par value $.001
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Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
2. Conver- 5. Number of Deriv- 6. Date Exercisable
sion or 3. Trans- ative Securities and Expiration Date
Exercise action 4. Transac- Acquired (A) or (Month/Day/Year)
Price of Date tion Code Disposed of (D) ----------------------
Deriv- (Month/ (Instr. 8) (Instr. 3, 4, and 5) Date
1. Title of Derivative Security ative Day/ ------------- -------------------------- Exercis- Expiration
(Instr. 3) Security Year) Code V (A) (D) able Date
- ---------------------------------------- ----------- ---------- ------ ----- ------------ ------------ ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
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9. Number of 10. Ownership
Derivative Form of
Securities Derivative
7. Title and Amount of Underlying Benefi- Security:
Securities (Instr. 3 and 4) cially Direct 11. Nature of
---------------------------------------- 8. Price of Owned at (D) or Indirect
Amount or Derivative End of Indirect Beneficial
1. Title of Derivative Title Number of Security Month (I) Ownership
Security (Instr. 3) Shares (Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4)
- --------------------------- --------------------------- ----------- ------------- ------------- -------------- ---------------
<S> <C> <C> <C> <C> <C> <C>
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Explanation of Responses:
/s/ Gilbert D. Scharf September 10, 1999
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).