SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
HABER BRUCE J
(Last) (First) (Middle)
C/O BJM MANAGEMENT LLC
145 HUGUENOT STREET STE 405-B
(Street)
ROCHELLE NY 10801
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EMERGENT GROUP INC/NY [ emgp ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
10/27/2003
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/27/2003 C 306,060 A $0.2 ( 1 ) 1,010,246 D ( 2 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Rights ( 3 ) $0.2 10/27/2003 C 306,060 08/04/2003 01/31/2004 Common Stock 306,060 $0 0 D
1. Name and Address of Reporting Person*
HABER BRUCE J
(Last) (First) (Middle)
C/O BJM MANAGEMENT LLC
145 HUGUENOT STREET STE 405-B
(Street)
ROCHELLE NY 10801
(City) (State) (Zip)
1. Name and Address of Reporting Person*
HABER JESSICA I TRUST
(Last) (First) (Middle)
65 THE OAK
(Street)
ROSLYN HEIGHTS NY 11576
(City) (State) (Zip)
1. Name and Address of Reporting Person*
BJH MANAGEMENT LLC
(Last) (First) (Middle)
145 HUGUENOT ST
STE 405
(Street)
NEW ROCHELLE NY 10801
(City) (State) (Zip)
1. Name and Address of Reporting Person*
HABER MICHELA I
(Last) (First) (Middle)
65 OKS
(Street)
ROSLYN HEIGHT NY 11576
(City) (State) (Zip)
Explanation of Responses:
1. The $.20 per share was not paid in cash. It represents the exercise price of certain rights described in Table II and the value of certain contractual rights that were waived by BJH Management in consideration of the payment of the option price.
2. 811,060 shares are directly owned by Bruce Haber and the balance are directly owned by the Jessica L. Haber Trust in which Michela Haber is Trustee. Michela Haber is the wife of Bruce J. Haber.
3. These rights were granted to BJH Management LLC (which is owned by Mr. Haber), upon receipt of stockholder approval of the reverse stock split (August 29, 2003) and were exercisable through January 31 2004.
Bruce J. Haber 10/27/2003
Bruce J. Haber, Managing Member 10/27/2003
Michela I. Haber, Trustee 10/27/2003
Michela I. Haber 10/27/2003
** 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 is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.