U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
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
[_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Small Albert H.
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(Last) (First) (Middle)
7116 Glenbrook Road
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(Street)
Bethesda MD 20814
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Home Properties of New York, Inc. (HME)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
August 29, 2002 - See footnotes 3 and 5
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[x] Director [_] 10% Owner
[ ] Officer (give title below) [_] Other (specify below)
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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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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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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.
(Print or Type Response) (Over)
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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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Option to Purchase $28.3125 * * * * * * * * * * 2,700 D
Common Stock
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Option to Purchase $31.375 * * * * * * * * * * 4,720 D
Common Stock
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Option to Purchase $28.34 * * * * * * * * * * 7,000 D
Common Stock
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Option to Purchase $36.03 05/07/02 A V 7,000 05/07/02 05/07/07 Common 7,000 7,000 D
Common Stock Stock
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Units of Limited * * * * * * * * * * 1,006,836 D
Partnership(1)
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Units of Limited * * * * * * * * * * 32,072 I(2) By
Partnership (1) Community
Realty
Company,
Inc.
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Phantom Stock 1-for-1 785(3) A V (3) (4) (4) Common 785 (3) 2,859 D
Units Stock
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Explanation of Responses:
*Previously reported.
(1) Units of Limited Partnership interests in Home Properties of New York,
L.P., a New York limited partnership of which the Owner is the General Partner.
The Reporting Person has the right to redeem the Units. The Issuer may elect to
acquire the Units to be redeemed for shares of Common Stock at the rate of one
Unit for one share of common stock, or cash, at the option of the Issuer.
(2) Represents Reporting Person's proportionate interest in the holdings of
the entity.
(3) Represents phantom stock units accrued to the Reporting Person's account
under the Issuer's Director Deferred Compensation Plan from January 1, 2002
through August 29, 2002 at prices ranging from $31.60 to $36.90 per unit,
including shares accrued pursuant to the dividend reinvestment feature of
the Plan.
(4) The Reporting Person's account will be paid in the form of the Issuer's
common stock on or about the 3rd, 5th or 10th annniversary of the deferral
depending on the election of the Reporting Person.
(5) Please note that the disclosed items were not previously required to be
disclosed on a current basis.
/s/ Albert H. Small by Ann M. McCormick attorney-in-fact August 30, 2002
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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 provided is insufficient, see Instruction 6 for procedure.
Alternatively, this form is permitted to be submitted to the Commission in
electronic format at the option of the Reporting Person pursuant to Rule 101(b)
(4) of Regulation S-T.
Page 2
POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby constitutes and appoints
each of Ann M. McCormick and David P. Gardner, signing singly, the undersigned's
true and lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned, in the
undersigned's capacity as a director of Home Properties of New
York, Inc. (the "Company"), Forms 3, 4 and 5 in accordance
with Section 16(a) of the Securities Exchange Act of 1934 and
the rules thereunder;
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete
and execute any such Form 3, 4 or 5 and timely file such form
with the United States Securities and Exchange Commission, the
New York Stock Exchange and the Company and any other required
recipient; and
(3) take any other action of any type whatsoever in connection
with the foregoing which, in the opinion of such
attorney-in-fact, may be of benefit to, in the best interest
of, or legally required by, the undersigned, it being
understood that the documents executed by such
attorney-in-fact on behalf of the undersigned pursuant to this
Power of Attorney shall be in such form and shall contain such
terms and conditions as such attorney-in-fact may approve in
such attorney-in-fact's discretion.
The undersigned hereby grants to each attorney-in-fact full power and authority
to do and perform any and every act and thing whatsoever requisite, necessary or
proper to be done in the exercise of any of the rights and powers herein
granted, as fully to all intents and purposes as the undersigned might or could
do if personally present, with full power of substitution or revocation, hereby
ratifying and confirming all that such attorney-in-fact, or such
attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in
serving in such capacity at the request of the undersigned, are not assuming nor
is the Company assuming, any of the undersigned's responsibilities to comply
with Section 16 of the Securities Exchange Act of 1934.
This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4 and 5 with respect to the
undersigned's holdings of and transaction in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to the
foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 26th day of August, 2002.
/s/ Albert H. Small
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Signature