X0202 4 2005-07-01 0000004164 ALPINE GROUP INC /DE/ APNI 0001249513 KANELY JAMES R C/O THE ALPINE GROUP, INC. ONE MEADOWLANDS PLAZA, SUITE 801 EAST RUTHERFORD NJ 07073 1 0 0 0 Common Stock 2004-09-09 4 M 0 16795 1.65 A 88411 D Common Stock 2004-01-05 4 J 0 6260 .92 D 0 I Shares in 401(k) Plan. Common Stock 1988-08-08 4 A 0 138 0 A 138 I By spouse. Non-Employee Director Stock Option (right to buy) 1.67 2005-07-01 4 A 0 4190 0 A 2008-07-01 2015-07-01 Common Stock 4190 4190 D Non-Employee Director Stock Option (right to buy) 1.89 2005-04-01 4 A 0 3702 0 A 2008-04-01 2015-04-01 Common Stock 3702 3702 D Non-Employee Director Stock Option (right to buy) 2.04 2005-01-03 4 A 0 3430 0 A 2008-01-03 2015-01-03 Common Stock 3430 3430 D Non-Employee Director Stock Option (right to buy) 2.70 2004-10-01 4 A 0 2592 0 A 2007-10-01 2014-10-01 Common Stock 2592 2592 D Non-Employee Director Stock Option (right to buy) 3.10 2004-07-01 4 A 0 2257 0 A 2007-07-01 2014-07-01 Common Stock 2257 2257 D Non-Employee Director Stock Option (right to buy) .95 2004-04-01 4 A 0 7366 0 A 2007-04-01 2014-04-01 Common Stock 7366 7366 D Non-Employee Director Stock Option (right to buy) .95 2004-01-02 4 A 0 7366 0 A 2007-01-02 2014-01-02 Common Stock 7366 7366 D Non-Employee Director Stock Option (right to buy) .65 2003-10-01 4 A 0 10765 0 A 2006-10-01 2013-10-01 Common Stock 10765 10765 D Series A Cumulative Convertible Preferred Stock .51 2003-06-23 4 P 0 400 380.00 A 2003-11-11 2009-12-21 Common Stock 297204 400 D Non-Employee Director Stock Option (right to buy) .65 2003-07-01 4 A 0 10765 0 A 2006-07-01 2013-07-01 Common Stock 10765 10765 D Non-Employee Director Stock Option (right to buy) .60 2003-04-01 4 A 0 11662 0 A 2006-04-01 2013-04-01 Common Stock 11662 11662 D Non-Employee Director Stock Option (right to buy) .65 2003-01-02 4 A 0 10765 0 A 2006-01-02 2013-01-02 Common Stock 10765 10765 D Non-Employee Director Stock Option (right to buy) .55 2002-10-01 4 A 0 12722 0 A 2005-10-01 2012-10-01 Common Stock 12722 12722 D Non-Employee Director Stock Option (right to buy) 1.10 2002-07-01 4 A 0 6361 0 A 2005-07-01 2012-07-01 Common Stock 6361 6361 D Non-Employee Director Stock Option (right to buy) 1.60 2002-04-01 4 A 0 4373 0 A 2005-04-01 2012-04-01 Common Stock 4373 4373 D Non-Employee Director Stock Option (right to buy) 1.70 2002-01-02 4 A 0 4116 0 A 2005-01-02 2012-01-02 Common Stock 4116 4116 D Non-Employee Director Stock Option (right to buy) 1.09 2001-12-03 4 A 0 1541 0 A 2004-12-03 2011-12-03 Common Stock 1541 1541 D Non-Employee Director Stock Option (right to buy) 1.13 2001-11-27 4 A 0 1486 0 A 2004-11-27 2011-11-27 Common Stock 1486 1486 D Non-Employee Director Stock Option (right to buy) 1.75 2001-10-01 4 A 0 3998 0 A 2004-10-01 2011-10-01 Common Stock 3998 3998 D Involuntary sale by 401(k) Plan Administrator. As previously disclosed in the Company's filings with the Commission, the original conversion price of the Series A Preferred Stock ($0.55) was adjusted to $0.51, as a result of the payment of a special dividend in respect of the Company's Common Stock. Convertible into common stock at any time after the earlier to occur of (y) the consummation of the first public offering to stockholders of the Company of rights to purchase shares of Series A Cumulative Convertible Preferred Stock ("Series A Preferred Stock") and (z) March 31, 2004, and prior to (i) the date which is 10 days preceding the date fixed for the redemption of the Series A Preferred Stock if there is no default in payment of the change of control redemption price and (ii) December 21, 2009. The Company will redeem 1/12th of the outstanding shares of Series A Preferred Stock on December 31, 2009 and on the last day of every calendar quarter thereafter until all outstanding shares of Series A Preferred Stock have been redeemed. See attached .txt document containing a list of additional Derivative Securities to be included with Table 2 of this Form 4. Stewart H. Wahrsager 2005-07-06