UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Mark, Joseph D.
c/o THCG, Inc.
650 Madison Avenue, 21st Floor
New York, NY 10022
2. Issuer Name and Ticker or Trading Symbol
THCG, Inc. ("THCG")
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
11/99
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)
Co-Chief Executive Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| (Instr.8) | (Instr. 3, 4 and 5) | Beneficially |(D)or | (Instr. 4) |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
(Instr.3 and 4) (Instr.4)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock | | | | | | | 1,302,986 | D | |
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Common Stock | | | | | | | 558,423(1) | I | By trust |
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| | | | | | | | | |
| | | | | | | | | |
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| | | | | | | | | |
| | | | | | | | | |
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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). (Over)
SEC 1474 (7-96)
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of |
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
(Instr. 3) |or Exer |(Date/ | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise |Month/ | red(A) or Dis |Date(Month/| (Instr. 3 and 4) |Secu |Securities |(D)|Ownership |
|Price of|Year)| | posed of(D) |Day/Year) | |rity |Benefi |or |(Instr. 4) |
|Deriva- |(Instr.8) | (Istr.3,4 |Date |Expir| |(Instr.|ficially |Ind| |
|tive | | | and 5) |Exer-|ation| Title Amount or|5) |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | Number | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | of Shares| |Month |(I)| |
| | | | | | | | | | |(Instr.4) |(In| |
|str| |
|4) | |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Option |$3.625 |11/2/|A |V|250,000 | |11/2/|11/2/| Common |250,000 |$3.625 | 250,000 | D | |
(right to buy) | |99 | | | | |00 |04 | Stock | | | | | |
| | | | | | | | | | | | | | |
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Stock Option |$3.625 |11/2/|A |V|200,000 | |(2) |11/2/| Common |200,000 |$3.625 | 200,000 | D | |
(right to buy) | |99 | | | | | |04 | Stock | | | | | |
| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that
the reporting person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose. These
shares in the aggregate are held in trusts for the benefit of the reporting person's children, for which his wife serves as trustee.
(2) The option is immediately exercisable as to 46,666.66 shares of Common Stock. With respect to the remaining shares of Common
Stock, the option is exercisable in accordance with two schedules. Pursuant to the first schedule, the option is exercisable as to
the 66,666.67 shares of Common Stock on a pro rata basis in equal quarterly installments commencing on February 1, 1999 and ending
on November 1, 2000. Pursuant to the second schedule, the option is exercisable as to 86,666.67 shares of Common Stock on a pro rata
basis in equal quarterly installments commencing on February 1, 1999 and ending on November 1, 2002.
/s/ Joseph D. Mark December 6, 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).
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
SEC 1474(7-96)
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