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
Rivas, Victor M.
c/o Ladenburg Thalmann & Co. Inc.
590 Madison Avenue
New York, NY 10022
USA
2. Issuer Name and Ticker or Trading Symbol
Ladenburg Thalmann Financial Services Inc.
LTS
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
August 31, 2002
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
President and 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 |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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Common Stock, par value $.0|8/20/0|P | |3,300 |A |$0.2407 | |D | |
001 per share |2 | | | | | | | | |
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Common Stock, par value $.0|8/21/0|P | |1,900 |A |$0.2708 | |D | |
001 per share |2 | | | | | | | | |
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Common Stock, par value $.0|8/22/0|P | |3,100 |A |$0.30 |8,300 |D | |
001 per share |2 | | | | | | | | |
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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 |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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Explanation of Responses:
CONFIRMING
STATEMENT
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This Statement confirms that the undersigned has authorized and designated
Salvatore Giardina or Joseph Giovanniello Jr. to execute and file on the
undersigned's behalf all Forms 3, 4 and 5 (including any amendments thereto)
that the undersigned may be required to file with the United States
Securities and Exchange Commission as a result of the undersigned's ownership
of or transactions in securities of Ladenburg Thalmann Financial
Services Inc. The authority of Salvatore Giardina and Joseph Giovanniello Jr.
under this Statement shall continue until the undersigned is no longer
required to file Forms 3, 4 or 5 with regard to the undersigned's ownership of
or transactions in securities of Ladenburg Thalmann Financial Services
Inc. unless earlier revoked in writing. The undersigned acknowledges that
Salvatore Giardina and Joseph Giovanniello Jr. are not assuming any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934.
/s/ Victor M.
Rivas
Victor M.
Rivas
Dated: August 15,
2002
SIGNATURE OF REPORTING PERSON
/s/ Victor M. Rivas
DATE
September 9, 2002