Form 4

SEC 1472 (3-99)

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FORM 4

 

 

 

/ /

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

(Print or Type Responses)

 

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(f) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person

2. Issuer Name and Ticker or Trading Symbol

4. Statement for (Month/Day/Year)

6. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

Jan K. Smeets

PrimeEnergy Corporation PNRG

November 4, 2002

  

---------------------------

    

/X/ Director

(First, Middle, Last)

 		   

/ / Officer
 

3. I.R.S. Identification Number of Reporting Person, if an

5. If Amendment, Date of Original (Month/Year)

/ / 10% Owner

One Landmark Square 11th Floor

entity (voluntary)

N/A

/ / Other (specify below)

---------------------------

013-46-0934

    

(Street)

---------------

  

____________________________

Stamford, CT 06901

      

---------------------------

    

7. Individual or Joint/Group Filing (Check Applicable)

(City) (State) (Zip)

    

/X/ Form filed by One Reporting Person
     

/ / 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 at End of Month

(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 par value

11/4/02

N/A

S

  

20,000

(D)

$8 / sh

228,732

(D)

  

Common Stock, $.10 par value

No Change

            

7,500

(I)

(1)
                     
                     
                     
                     
                     
                     
                     
                     

 

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)

 

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 Underlying Securities
(Instr. 3 and 4)

 

8.

Price of Derivative Security
(Instr. 5)

 

9.

Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)

 

10.

Ownership Form of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)

 

11.

Nature of Indirect Beneficial Ownership
(Instr. 4)

 

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares
                             
                             
                             
                             
                             
                             
                             
                             
                             

Explanation of Responses:

  
  1. 2,500 shares held of record by Mr. Smeets for each of his three minor children UGMA.

/s/ Jan K. Smeets

---------------------------------------------

** Signature of Reporting Person

Jan K. Smeets

11/4/ 02

----------

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