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 OMB APPROVAL
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1   .Name and Address of Reporting Person*                                Rotter    Bradley     N (Last)     (First)     (Middle)

2.  Issuer Name and Ticker or Trading Symbol                           Point West Capital Corporation/PWCC

6.  Relationship of Reporting Person(s) to Issuer (Check all applicable) X             Director                                ___    10% Owner ___      Officer (give title below)   ___    Other (specify               below)

101 Lombard Street (Street)

3.  I.R.S. Identification Number of Reporting Person, if an entity (voluntary)

4.  Statement for Month/Year June 2002

San Francisco, CA  94111 (City)     (State)     (Zip)

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

7.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)

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

734,903

D

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 Exerciseable 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

Option to Buy

3.438

6/30/02

J  (1)

10,000

(1)

(1)

Common Stock

10,000

0

0

D

Option to Buy

2.475

6/30/02

J  (1)

10,000

(1)

(1)

Common Stock

10,000

0

0

D

Option to Buy

5.98125

6/30/02

J  (1)

50,000

(1)

(1)

Common Stock

50,000

0

0

D

Option to Buy

2.13125

6/30/02

J  (1)

75,000

(1)

(1)

Common Stock

75,000

0

0

D

Option to Buy

0.11

6/30/02

J  12)

66,842

(1)

(1)

Common Stock

66,842

0

0

D

Explanation of Responses:

 

(1) According to the Incentive Stock Option Agreement,  Mr. Rotter's incentive stock options terminated 90 days after he ceased to be employed by  Point West Capital Corporation.

 /s/    Bradley N. Rotter                                                                   July 1, 2002
_________________________________                                ___________________________
          Bradley N. Rotter                                                                        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, on of which must be manually signed. If space is insufficient, see Instruction 6 for procedure

http://www.sec.gov/divisions/corpfin/forms/4.htm
Last update: 02/11/2002