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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION
--------------------------- Washington, D.C. 20549
[X] Check this box
if no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
to Section 16. Form 4
or Form 5 obligations
may continue. See Filed pursuant to Section 16(a) of the Securities Exchange
Instruction 1(b). Act of 1934, Section 17(a) of the Public Utility Holding
Company Act of 1935 or Section 30(f) of the
(Print or Type Responses) Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Handel Morton E.
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(Last) (First) (Middle)
c/o S&H Consulting, Ltd.
One Regency Drive
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(Street)
Bloomfield Connecticut 06002
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Ranger Industries, Inc. (OTC: RNGR)
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3. IRS Identification Number of Reporting Person, if an entity (voluntary)
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4. Statement for Month/Year
February 2001
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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 [X] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Chief Executive Officer and President
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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. 2. 3. 4. 5. 6. 7.
Title of Security Trans- Trans- Securities Acquired (A) Amount of Owner- Nature of
(Instr. 3) action action or Disposed of (D) Securities ship Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial
Instr. 8) Owned at End Direct Owner-
(Month/ ___________________________________ of Month (D) or ship
Day/ Indirect (Instr. 4)
Year) (A)or (Instr. 3 (I)
Code V Amount (D) Price and 4) (Instr.4)
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Common Stock 12/29/00 G(1) V 218,167 D N/A 0 D
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Common Stock 02/06/01 S 500,000 D $2.00 0 D
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* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
(Print or Type Response)
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FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Title of Conver- Trans- Trans- Number of Date Exer- Title and Amount Price Number Owner- Nature
Derivative sion action action Derivative cisable and of Underlying of of ship of
Security or Date Code Securities Expiration Securities Deriv- deriv- Form In-
(Instr. 3) Exer- (Instr. Acquired (A) Date (Instr. 3 and 4) ative ative of direct
cise (Month/ 8) or Disposed (Month/Day/ Secur- Secur- Deriv- Bene-
Price Day/ of(D) Year) ity ities ative ficial
of Year) (Instr. 3, (Instr. Bene- Secur- Owner-
Deriv- 4 and 5) 5) ficially ity: ship
ative ___________________________________ Owned Direct (Instr.
Secur- at End (D) or 4)
ity Date Expi- Amount of In-
Exer- ra- or Month direct
_____________________ cis- tion Title Number (Instr. (I)
able Date of 4) (Instr.
Code V (A) (D) Shares 4)
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Explanation of Responses:
1 Mr. Handel contributed 218,167 shares of Common Stock to the Irma and Morton
Handel Foundation, Inc., a Connecticut not-for-profit corporation of which Mr.
Handel and his wife are two of the three directors and Mr. Handel serves as
president. Mr. Handel disclaims beneficial ownership of such shares.
/s/ Morton E. Handel 02/12/01
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** Signature of Reporting Person Date
** 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 this procedure.
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