X0201 4 2003-09-15 0 0000065358 UNITED CAPITAL CORP /DE/ AFP 0001053471 LORBER HOWARD M 70 EAST SUNRISE HIGHWAY VALLEY STREAM NY 11581 1 0 0 0 Common Stock 2003-09-15 4 J 0 108400 0 D 0 D Common Stock 2003-09-15 4 J 0 48600 0 D 0 I By Trust Common Stock 2003-09-15 4 J 0 157000 0 A 157000 I By Shares Held By Ltd Partnership Common Stock 7000 I By Hallman & Lorber Profit Sharing Plan Subsequent to the previous filing of a Form 4 by the Reporting Person, the company consumated a two-for-one stock split in August 2003. All share information in this Form 4 has been adjusted to reflect the two-for-one stock split. Such shares are held by Lorber Alpha II, L.P. The Reporting Person contributed 108,400 shares of United Capital Corp. to Lorber Alpha II, L.P. as a capital contribution. HML Trust contributed 48,600 shares of United Capital Corp. to Lorber Alpha II, L.P. as a capital contribution. As such, Lorber Alpha II, L.P. owns 157,000 shares of United Capital Corp. and the transactions constitute a change in form of beneficial ownership pursuant to Rule 16a-13. The Reporting Person is the sole stockholder of the sole general partner of Lorber Alpha II, L.P. and a limited partner of such entity. The Reporting Person disclaims beneficial ownership of such shares. Such shares are held by the Hallman & Lorber Profit Sharing Plan. The Reporting Person disclaims beneficial ownerhsip of such shares. /s/ Lorber, Howard M. 2003-09-17