U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 1. Name and Address of Reporting Person: Louis M. Haynie 2726 Wasatch Drive, #8, Salt Lake City, Utah 84108 2. Issuer Name and Ticker or Trading Symbol: Amerityre Corporation (AMTY) 3. IRS or Social Security Number of Reporting Person (Voluntary): 4. Statement for (Month/Day/Year): 12/12/02 5. If Amendment, Date of Original (Month/Day/Year): 6. Relationship of Reporting Person(s) to Issuer (Check all Applicable) (X) Director ( ) Officer, give title below ( ) 10% Owner ( ) Other Title: 7. Individual or Joint/Group Filing (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person TABLE I - Non-Derivative Securities Beneficially Owned 1. Title of Security: Common Stock 2. Transaction Date (Month/Day/Year): 12/12/02 3. Transaction Code: J 4. Securities Acquired (A) or Disposed of (D): 24,500 shares (D) as bona fide gift 5. Amount of Securities Beneficially Owned Following Reported Transaction(s): 452,000 shares 6. Ownership Form: Direct(D)or Indirect(I): (D) 450,000 (I) 2,000 7. Nature of Indirect Beneficial Ownership: 2,000 shares owned by spouse TABLE II DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF OR BENEFICIALLY OWNED 1. Title of Derivative Security: Option 2. Conversion or Exercise Price of Derivative Security: $4.00 per share 3. Transaction Date (Month/Day/Year): n/a 4. Transaction Code: n/a 5. Number of Derivative Securities Acquired (A) or Disposed of (D): n/a 6. Date Exercisable and Expiration Date (Month/Day/Year): Date Exercisable: April 1, 2002 Expiration Date: April 1, 2005 7. Title and Amount of Underlying Securities: Common Stock 200,000 shares 8. Price of Derivative Security: n/a 9. Number of Derivative Securities Beneficially Owned at End of Month: Option to acquire 200,000 shares 10. Ownership Form of Derivative Security, Direct (D) or Indirect (I): (D) 11. Nature of Indirect Beneficial Ownership: n/a Explanation of Responses: Mr. Haynie transferred the above shares as a bona fide gift. He received no consideration for the gift. Signature of Reporting Person: /S/ Louis M. Haynie Date: 12/12/02