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OMB APPROVAL
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------ OMB Number: 3235-0287
FORM 4 Expires: December 31, 2001
------ Estimated average burden
hours per response .... 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if no
longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1935
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Persons to
Fernandez, Claude W.P. Carey & Co. LLC ("WPC") Issuer (Check all applicable)
--------------------------------------------------------------------------------------------- Director 10% Owner
(Last) (First) (Middle) 3. I.R.S. Identification 4. Statement for ---- ---
Number of Reporting Month/Year X Officer (give Other (specify
5 Forest Lake Drive Person, if an entity May 2001 ---- title --- below)
--------------------------------------------- (voluntary). ------------------- below)
(Street) Managing Director --
Financial Operations
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5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original (Check Applicable Line)
(Month/Year) X Form filed by One
---- Reporting Person
Form filed by More than
West Harrison, NY 10604 059-46-9390 ---- One Reporting Person
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(City) (State) (Zip) TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Ownership Form:
(Instr. 3) action tion or Disposed of (D) curities Benefi- Direct (D) or
Date Code (Instr. 3, 4 and 5) cially Owned at Indirect (I)
(Instr. 8) End of Month (Instr. 4)
(Month/ (Instr. 3 and 4)
Day/ ---------------------------------------
Year) Code V Amount (A) or Price
(D)
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Common Stock 5/11/01 F 4,875 D $19.99 232,862 D
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Common Stock 5/11/01 F 150 D $19.99 232,862 D
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Common Stock 5/11/01 F 1,800 D $19.99 232,862 D
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Common Stock 5/11/01 S(1) 5,150 D $19.80 232,862 D
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Common Stock 5/11/01 M 17,741 A $ 7.69 232,862 D
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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).
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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 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Expiration Securities Deriv-
Price of (Month/ (Instr. Acquired (A) Date (Instr. 3 and 4) ative
Deriv- Day/ 8) or Disposed (Month/Day/ Secur-
ative Year) of (D) (Instr. Year) ity
Security 3, 4, and 5) (Instr. 5)
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Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Option (2) $7.69 5/11/01 X 17,741 4/1/01 4/1/09 Common 17,741
Stock
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1. Title of Derivative 9. Number of 10. Ownership
Security Derivative Form of
(Instr. 3) Securities Derivative
Beneficially Securities
Owned at End Beneficially Owned
of Month at End of Month
(Instr. 4) (Instr. 4)
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Option 42,132 D
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Explanation of Responses: (1) Disposition to cover tax liability resulting from
options exercise.
(2) The options vest in three equal annual
installments beginning April 1, 2001
/s/ Claude Fernandez 6/8/2001
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**Signature of Reporting Person Date
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).
** 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.