FORM 4
(X) Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may continue.
See Instruction 1(b).
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
|_____________________|
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB NUMBER: 3235-0287|
|EXPIRES: |
| DECEMBER 31, 2001 |
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE ... 0.5 |
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
Krasny Michael P.
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(Last) (First) (Middle)
440 North Orleans
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(Street)
Chicago IL 60610
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Prism Financial Corporation / PRFN
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3. I.R.S. Identification Number of Reporting Person, if an entity
(Voluntary)
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4. Statement for Month/Year
April / 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( X) Director
( ) 10% Owner
( ) Officer (give title below)
( ) Other (specify title below)
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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 (Instr. 3)
Common Stock
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2. Transaction Date (Month/Day/Year)
April 20, 2000
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3. Transaction Code (Instr. 8)
U
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)
20,000 shares D $7.50 per share
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5. Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
0
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6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4)
D
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
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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 Security (Instr. 3)
Non-Employee Director Stock Option (right to buy)
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2. Conversion or Exercise Price of Derivative Security
$14.00
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3. Transaction Date (Month/Day/Year)
4/25/00
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4. Transaction Code (Instr. 8)
J (See Note 1.)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
5,000 D
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6. Date Exercisable and Expiration Date (Month/Day/Year)
exercisable: (See Note 1.) expiration: 5/24/09
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7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Common Stock, 5,000 shares
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8. Price of Derivative Securities (Instr. 5)
(See Note 1.)
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9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
0
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10. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 4)
D
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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EXPLANATION OF RESPONSES:
Note 1. This option was cancelled with no consideration pursuant to the
merger agreement among Prism Financial Corporation, Prism
Acquisition Subsidiary, Inc. and Royal Bank of Canada. Under the
applicable option agreement, vesting was scheduled in five equal
annual installments beginning on May 24, 2000.
/s/ Michael P. Krasny 5/10/00
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** SIGNATURE OF REPORTING PERSON DATE
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** 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 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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