4 1 ut4.htm Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person*

Victoria & Eagle Strategic Fund, Ltd. 

2. Issuer Name and Ticker or Trading Symbol

Ultrak, Inc. (ULTK)

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

 

(Last)      (First)     (Middle)

P.O. Box 1984 G.T., Elizabethan Square

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

 


 4. Statement for
Month/Day/Year
  01/16/02

(Street)

Grand Cayman, Cayman Islands
British West Indies

 5. If Amendment,
Date of Original
(Month/Day/Year)
 N/A		 7. Individual or Joint/Group Filing (Check Applicable Line)
    Form filed by One Reporting Person
 X  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)

2A. Deemed
Execution
Date,
if any
(Month/Day/
Year)

3. Trans-
action Code
(Instr. 8)

4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 & 5)

5. Amount of
Securities
Beneficially
Owned Follow-
ing Reported Transactions(s)
(Instr. 3 & 4)

6. Owner-
ship Form:
Direct (D)
or Indirect (I)
(Instr. 4)

7. Nature of Indirect
Beneficial Ownership
(Instr. 4)

Code

V

Amount

(A)
or
(D)

Price

  

         

 

               

  

 

 

 

 

 

 

 

 

 

 

 
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).

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FORM 4 (continued)

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. Conver-
sion or
Exercise
Price of Derivative Security

3. Trans-
action Date

(Month/
Day/
Year)

3A. Deemed
Execution
Date,
if any
(Month/
Day/
Year)

4. Trans-
action
Code

(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)

(Instr. 3, 4 & 5)

6. Date Exercisable
and Expiration
Date
(Month/Day/
Year)

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

8. Price of Derivative Security
(Instr. 5)

9. Number of
Derivative
Securities
Beneficially
Owned
Following
Reported Transaction(s)
(Instr. 4)

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

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expira-
tion
Date

Title

Amount or Number of
Shares

Convertible Preferred Stock

2.08333-for-1

01/16/02

N/A

P  

    

130,233    

  

  Immed.

  

Common Stock

271,318

15.36

130,233

D

   N/A
                              
                              
                              
                              

Explanation of Responses:
SEE CONTINUATION SHEET   VICTORIA & EAGLE STRATEGIC FUND, LTD.


By: /s/ Fabio Conti
             Fabio Conti, Director

**Signature of Reporting Person		  12/10/02
Date

**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, one of which must be manually signed.
          If space is insufficient, See Instruction 6 for procedure.

Persons who 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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CONTINUATION SHEET TO FORM 4



Name and Address of Reporting Person:


Victoria & Eagle Strategic Fund, Ltd.
P.O. Box 1984 G.T.
Elizabethan Square
Grand Cayman, Cayman Islands
British West Indies

Issuer Name and Ticker or Trading Symbol:

Ultrak, Inc. (ULTK)

Date of Event Requiring Statement:

January 16, 2002
   


Other Reporting Person:


Signature of Reporting Person:

BIPIELLE Bank (Suisse) S.A. (1)
Via Nassa 11
6900 Lugano, Switzerland

By:       /s/ G. Basta
Name:  G. Basta
Title:    Deputy General Manager

By:       /s/ M. Torti
Name:  M. Torti
Title:     Vice President
 
   




Explanation of Responses:


(1) BIPIELLE Bank (Suisse) S.A. (the "Bank"), as the majority equity owner of Victoria & Eagle Strategic Fund, Ltd., a Cayman Islands corporation, may be deemed to be the beneficial owner of the securities reported herein.  Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that the Bank is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities in which it does not have a pecuniary interest.















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