X0304 4 2011-08-02 0001064015 AMERITRANS CAPITAL CORP AMTC 0000941883 GRANOFF GARY C ELK ASSOCIATES FUNDING CORP 830 THIRD AVENUE, 8TH FLOOR NEW YORK NY 10022 1 1 Common Stock, $.0001 par value 2011-08-02 5 J 0 1333 0 A 134813 D Common Stock, $.0001 par value 2011-08-18 5 G 0 1000 0 D 11937 I See footnotes Common Stock, $.0001 par value 2011-08-18 5 J 0 4000 0 A 138813 D 9 3/8% Cumulative Participating Redeemable Preferred Stock 2011-08-18 5 J 0 600 0 A 3678 D 9 3/8% Cumulative Participating Redeemable Preferred Stock 2011-08-18 5 G 0 1000 0 D 0 I See footnotes 9 3/8% Cumulative Participating Redeemable Preferred Stock 2011-09-22 5 G 0 600 0 D 3078 D Common Stock, $.0001 par value 16900 I See footnotes Common Stock, $.0001 par value 261 I See footnotes Common Stock, $.0001 par value 78584 I See footnotes Common Stock, $.0001 par value 71979 I See footnotes Common Stock, $.0001 par value 6000 I See footnotes 9 3/8% Cumulative Participating Redeemable Preferred Stock 500 I See footnotes On July 29, 2011 and August 2, 2011, the 4,000 shares of the issuer's common stock previously reported as being held indirectly by the reporting person through the Jeannette Granoff Trust U/A DTD 4/19/94 (the "1994 Trust") were distributed from the 1994 Trust in accordance with its terms. On August 2, 2011, 1,333 of such shares were transferred to the reporting person and are now held by the reporting person directly. The reporting person previously disclaimed beneficial ownership of the 4,000 shares held by the 1994 Trust except to the extent of his pecuniary interest therein. On July 29, 2011 and August 2, 2011, 2,667 of the shares held by the 1994 Trust (in which the reporting person had no pecuniary interest) were transferred to the reporting person's brothers, who do not share the reporting person's household. On August 18,2011, the reporting person's spouse transferred 1,000 shares of common stock and 1,000 shares of Preferred Stock to the reporting person's adult son, who does not share the reporting person's household. On July 29, 2011, August 1, 2011, August 12, 2011 and August 18, 2011, the 12,000 shares of common stock and 1,800 shares of 9 3/8% Cumulative Participating Redeemable Preferred Stock ("Preferred Stock") previously held by J&H Associates Ltd. Pts ("J&H") were distributed by J&H to its partners in connection with the liquidation of J&H pursuant to its partnership agreement. On August 18, 2011, J&H distributed 4,000 shares of common stock and 600 shares of Preferred Stock to the reporting person and such shares are now held by the reporting person directly. The reporting person previously disclaimed beneficial ownership of the common stock and preferred stock held by J&H except to the extent of his pecuniary interest therein. On July 29, 2011, August 1, 2011 and August 12, 2011, J&H distributed an aggregate of 8,000 shares of common stock and 1,200 shares of Preferred Stock in which the reporting person had no pecuniary interest 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. 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. These shares are held by the Granoff Family Foundation, a charitable foundation of which the reporting person and his two brothers serve as trustees. These shares are held by GCG Associates Inc., a corporation controlled by the reporting person. These shares are held by DAPARY Management Corp., a corporation controlled by the reporting person. These shares are held in the reporting person's IRA or pension accounts, except for the 600 shares of Preferred Stocked acquired on August 18, 2011 and disposed of on September 22, 2011 in the transactions reported herein, which were not held in IRA or pension accounts. These shares are held in an irrevocable qualified subschapter S trust for the benefit of the reporting person's son, of which the reporting person is the trustee. These shares are held by Leslie Granoff, the reporting person's wife. /s/ Gary C. Granoff 2011-10-05