X0201 42003-08-0400000081050PUBLICARD INC CARD.OB0001207572SCHAFRAN LAWRENCE G54 RIVERSIDE DRIVENEW YORKNY100241000Common Stock114050IBy WifeStock Options2.51996-01-292006-01-29Common Stock100000100000DStock Options6.8751999-08-042004-08-04Common Stock3000030000DStock Options2.8752000-08-042005-08-04Common Stock3000030000DStock Options0.42001-08-042006-08-04Common Stock3000030000DStock Options0.252002-08-042007-08-04Common Stock3000030000DStock Options0.072003-08-044A0300000A2003-08-042008-08-04Common Stock3000030000DMr. Schafran disclaims beneficial ownership of the 114,050 shares of PubliCARD Common Stock.Options have been granted pursuant to PubliCARD's Non-Employee Director Stock Option Plan./s/L.G. SCHAFRAN2003-08-04