X0201 4 2004-04-02 0000003982 ALLIS CHALMERS CORP ACLM 0001141105 NEDERLANDER ROBERT E ET AL 1450 BROADWAY, 20TH FL. NEW YORK NY 10018 1 0 0 0 Common Stock, par value $0.15 per share 2004-04-02 4 P 0 1033333 .50 A 1382643 I See Note Common Stock, par value $0.15 per share 2004-04-02 4 A 0 10000 A 1382643 D Non-Employee Option to purchase common stock .55 2004-04-02 4 A 0 10000 A 2004-04-02 2014-04-01 Common stock, par value $0.15 per share 10000 1345333 D Warrants .50 2004-04-02 4 P 0 1333333 .1125 A 2004-04-02 2006-04-01 Common stock, par value $0.15 per share 1333333 1345333 I See Note On April 2, 2004, RER Corp., a Michigan corporation wholly owned by Mr. Nederlander, acquired 1,033,333 shares of Common Stock and Warrants to acquire 1,333,333 shares of Common Stock at an exercise price of $0.50 per share, in a private transaction with the Issuer. On April 2, 2004, Mr. Nederlander was issued (a) 10,000 shares of Common Stock and (b) options to purchase 10,000 shares of Common Stock pursuant to the Issuer?s 2003 Stock Incentive Plan. The Options are exercisable for $0.55 per share and have a term of ten years. The shares and options were issued in lieu of fees for services as a director in 2002 and 2003. Robert E. Nederlander 2004-04-05