UNITED STATES SECURITIES AND EXCHANGE COMMISSION

4 1 form4.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
FORM 4	Washington, D.C. 20549	OMB APPROVAL
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)	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 Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response . . . 0.5

1. Name and Address of Reporting Person*

DOBBS, HERBERT H.

2. Issuer Name and Ticker or Trading Symbol

TORVEC, INC. ("TOVC")

6. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

     (Last)                 (First)                        (Middle)


     448 WEST MARYKNOLL ROAD

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

4.  Statement for
     Month/Year

          9/17/02

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

(Street)

ROCHESTER HILLS, MI 48309

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

(City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security
(Instr. 3)

2.   Trans-
     action
     Date

    (Month/
     Day/
     Year)

3.     Trans-
     action
     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.     Owner-
     ship
     Form:
     Direct
     (D) or
     Indirect
     (I)
     (Instr. 4)

7.     Nature of
     Indirect
     Beneficial
     Owner-
     ship

     (Instr. 4)

Code

Amount

(A) or
(D)

Price

$.01 Par Value Common Stock

9/17/
2002

1,150

5.00

339,850

          SEC 1474 (3-00)

FORM 4 (continued)     TABLE II-Derivative Securities Acquired, Disposed of, or Beneficiary Owned
          (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conver-
    sion or
    Exercise
    Price of
    Deri-
    vative
    Security

3.Trans-
action
Date

(Month/
Day/
Year)

4. Trans-
action
Code
(Instr.8)

5. Number of Deriv-
    ative Securities
    Acquired (A) or
    Disposed of (D
    (Instr. 3, 4, and 5)

6. Date Exer-
    cisable and
    Expiration
    Date
    (Month/Day/
    (Year)

7. Title and Amount of
Underlying Securities
(Instr. 3 and 4)

8. Price
    of
    Deriv-
    ative
    Secur-
    ity
    (Instr.
    5)

9. Number
    of Seriv-
    ative
    Secur-
    ities
    Bene-
    ficially
    Owned
    at End
    of
    Month
    (Instr. 4)

10. Onwer-
    ship
    Form of
    Deriv-
    ative
    Security:
     Direct
     (d) or
     Indirect
     (I)
     (Instr. 4)

11. Nature
     of
     Indirect
     Benefi-
     cial
     Owner-
     ship
     (Instr. 4)

Date
Exer-cisable

Expi-ration
Date

Title

Amount or
Number of Shares

Code

(A)

(D)

Nonqualified Stock
Options

01/01
1998

12/31
2007

$.01 ParVal
CommonStock

100,000

Explanation of Responses:

*     Exercisable in increments equal to 20% of options granted during each of the first 5 years of option term, on a cumulative basis

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.             /S/ HERBERT H. DOBBS     17 September 2002
     See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                                                                           **Signature of Reporting Person          Date

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
            see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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