5 1 kl08032_form5.txt FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |_| Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |_| Form 3 Holdings Reported |_| Form 4 Transactions Reported 1. Name and Address of Reporting Person Reiman, James 775 Passaic Avenue West Caldwell, NJ 07006 2. Issuer Name and Ticker or Trading Symbol Greg Manning Auctions, Inc. -- "GMAI" 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year 06/02 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) 7. Individual or Joint/Group Reporting (Check Applicable Line) (X) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person
----------------------------------------------------------------------------------------------------------------------------------- Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | -----------------------------------------------------------------------------------------------------------------------------------| 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | |Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership | |Date |Code| (Instr.3,4 and 5) | Beneficially |(D)or | (Instr. 4) | | |(Ins| | A/| | Owned at |Indir | | | |tr.8) Amount | D | Price | End of Year |ect(I)| | | | | | | (Instr. 3 and 4) |(Ins | | | | | | | | tr.4)| | -----------------------------------------------------------------------------------------------------------------------------------| Common stock, par value | | | | | | | | | $.01 per share. | | | | | | 10,500 | I | Family relationship | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. *If form is filed by more than one reporting person, see instruction 4(b)(v). (Over) SEC 2270(7-96) FORM 5 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
----------------------------------------------------------------------------------------------------------------------------------- Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | -----------------------------------------------------------------------------------------------------------------------------------| 1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise Pr | |(In | red(A) or Dis |Date(Month/| (Instr. 3 and 4 |Secu |Securities |(D)|Ownership | |ice of | |str.| posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva | | 8) | (Instr.3,4 and|Date |Expir| |(Instr.|ficially |Ind| | |tive | | | 5) | |Exer-|ation| Title and Number | 5) |Owned at |ire| | |Secu | | | | |cisa-|Date | of Shares | |End of |ct | | |rity | | | A | D |ble | | | |Year |(I)| | | | | | | | | | | |(Instr. 4) |(Instr. 4) | -----------------------------------------------------------------------------------------------------------------------------------| Stock Options |$9.375 |4/1/ | A4 | 20,000 | | (1) |4/1//|Common |20,000 | | 20,000 (3) | D | | | |99 | | | | |09 |Stock, par | | | | | | | | | | | | | |value $.01 | | | | | | | | | | | | | |per share | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Stock Options |$11.438 |6/29 | A4 | 5,000 | | (1) |6/29/|Common |5,000 | | 5,000 (3) | D | | | |00 | | | | |10 |Stock, par | | | | | | | | | | | | | |value $.01 | | | | | | | | | | | | | |per share | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Stock Options |$3.500 |12/11| A4 | 2,000 | | (1) |12/11/|Common |2,000 | | 2,000 (3) | D | | | |00 | | | | |10 |Stock, par | | | | | | | | | | | | | |value $.01 | | | | | | | | | | | | | |per share | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Stock Options |$1.75 |1/24/| | 5,000 | | (1) |1/24/|Common | 5,000 | | 5,000 (3) | D | | | |02 | | | | |12 |Stock, par | | | | | | | | | | | | | |value $.01 | | | | | | | | | | | | | |per share | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| Stock Options |$9.375 |1/4/ | A4 | 10,000 | | (2) |12/31|Common |10,000 | | 10,000 | D | | | |99 | | | | |02 |Stock, par | | | | | | | | | | | | | |value $.01 | | | | | | | | | | | | | |per share | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------|
Explanation of Responses: (1) Exercisable in four substantial equal annual installments commencing one year from the date of grant. (2) Exercisable in full 1/4/99. (3) All of these options were cancelled effective July 31, 2002 pursuant to the issuer's exchange offer. See SC TO-I/A, filed on August 5, 2002 with the Securities and Exchange Commission. /s/ James Reiman August 13, 2002 ----------------------------- --------------- ** Signature of Reporting Person 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 provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. -2-