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
Kanter, Joel S.
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
12/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below)
( ) Other (specify below)
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 |12/29/99| S | | 500 | D | $29.75 | See below | D | |
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Common Stock |12/29/99| S | | 500 | D | $29.25 | See below | I(1) | |
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Common Stock |12/29/99| S | | 500 | D | $29.00 | See below | I(2) | |
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Common Stock |12/29/99| S | | 300 | D | $29.75 | See below | I(3) | |
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Common Stock |12/29/99| S | | 200 | D | $29.25 | See below | I(3) | |
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Common Stock | | | | | | | 2,415 | | |
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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)
</TABLE>
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<TABLE>
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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/|11/2 | Common | | | 90,000 | D | |
(right to buy) | | | | | | |99 |04 | Stock | | | | | |
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| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
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Explanation of Responses:
1) Represents shares sold by Twin 21 Club Trust II, a trust established for the benefit of one of the Reporting Person's minor
children, for which trust the Reporting Person serves as trustee.
(2) Represents shares sold by Twin 21 Club Trust III, a trust established for the benefit of one of the Reporting Person's minor
children, for which trust the Reporting Person serves as trustee.
(3) Represents shares sold by The Club Trust, a trust established for the benefit of one of the Reporting Person's minor children,
for which trust the Reporting Person serves as trustee.
/s/ Joel S. Kanter 1/31/00
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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.
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SEC 1474 (7-96)
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