SEC FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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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^*

GRANOFF GARY C

(Last)

(First)

(Middle)

AMERITRANS CAPITAL CORP.

50 JERICHO QUADRANGLE

(Street)

JERICHO

11753

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
AMERITRANS CAPITAL CORP [ AMTC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Managing Director

3. Date of Earliest Transaction (Month/Day/Year)
02/21/2012

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. 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 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
9 3/8% Cumulative Participating Redeemable Preferred Stock	02/21/2012		G⁽¹⁾	V	900	D	$0	2,178	D
9 3/8% Cumulative Participating Redeemable Preferred Stock	02/22/2012		G⁽¹⁾	V	2,100	D	$0	78	D
Common Stock, $.0001 par value	03/07/2012		G⁽¹⁾	V	23,662	D	$0	48,317	I	See footnotes⁽²⁾⁽⁶⁾
Common Stock, $.0001 par value	03/12/2012		G⁽¹⁾	V	4,879	D	$0	43,438	I	See footnotes⁽²⁾⁽⁶⁾
Common Stock, $.0001 par value								138,813	D
Common Stock, $.0001 par value								16,900	I	See footnotes⁽³⁾⁽²⁾
Common Stock, $.0001 par value								261	I	See footnotes⁽⁴⁾⁽²⁾
Common Stock, $.0001 par value								78,584	I	See footnotes⁽²⁾⁽⁵⁾
Common Stock, $.0001 par value								6,000	I	See footnotes⁽²⁾⁽⁷⁾
Common Stock, $.0001 par value								11,937	I	See footnotes⁽²⁾⁽⁸⁾
9 3/8% Cumulative Participating Redeemable Preferred Stock								500	I	See footnotes⁽²⁾⁽⁵⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This transaction involved a bona fide gift for no consideration of securities by the reporting person to his adult son, who does not share the reporting person's household.

2. The reporting person disclaims beneficial ownership of all such shares except to the extent of his pecuniary interest therein as determined in accordance with Rule 16a-2(a)(2) promulgated under the Securities Exchange Act of 1934, as amended.

3. These shares are held by the Granoff Family Foundation, a charitable foundation of which the reporting person and his two brothers serve as trustees.

4. These shares are held by GCG Associates Inc., a corporation controlled by the reporting person.

5. These shares are held by DAPARY Management Corp., a corporation controlled by the reporting person.

6. These shares are held in the reporting person's IRA or pension accounts.

7. These shares are held in an irrevocable qualified subchapter S trust for the benefit of the reporting person's son, of which the reporting person is the trustee.

8. These shares are held by Leslie Granoff, the reporting person's wife.

	/s/ Gary C. Granoff	03/15/2012
	** 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).
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