U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 4
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(f) of the Investment Company Act of 1940
[_] Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Gardner David P.
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(Last) (First) (Middle)
105 Fiddlers Hollow
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(Street)
Penfield New York 14526
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Home Properties of New York, Inc. (HME)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
May 2002
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [_] 10% Owner
[x] Officer (give title below) [_] Other (specify below)
Senior Vice President and Chief Financial Officer
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7. Individual or Joint/Group Filing (Check applicable line)
[x] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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Common Stock, Par value $.01 04/10/02 M 266(1) A
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Common Stock, Par value $.01 A $27.125 28,687 D
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Common Stock, Par value $.01 05/20/02 M 400 A $25.125
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Common Stock, Par value $.01 05/20/02 M 4,900 A $27.125 10,240 D(2)
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Common Stock, Par value $.01
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* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Response) (Over)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Units of Limited (3) * * * * * * * * * 3,506 D
Partnership
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Option to Purchase $20.50 * * * * * * * * * 2,174 D
Common Stock
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Option to Purchase $26.50 * * * * * * * * * 5,000 D
Common Stock
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Option to Purchase $25.1250 05/20/02 M 400 08/04/99 08/04/08 Common 400 2,000 D
Common Stock Stock
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Option to Purchase $27.1250 05/20/02 M 4,900 08/03/00 08/03/09 Common 4,900 10,100 D
Common Stock Stock
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Option to Purchase $31.3750 * * * * * * * * * 15,000 D
Common Stock
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Option to Purchase $30.15 * * * * * * * * * 15,000 D
Common Stock
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Phantom Stock Unit 1-for-1 04/10/02 M 266 04/10/02 04/10/02 Common 266 962(4) D
Stock
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Explanation of Responses:
* Previously reported
(1) Represents settlement of phantom stock units pursuant to the Issuer's
Deferred Bonus Plan
(2) Jointly with spouse.
(3) Units of Limited Partnership interests in Home Properties of New York, L.P.
a New York Limited Partnership of which the Issuer is the General Partner.
The Reporting Person has the right to redeem the Units for cash. The Issuer
may elect to acquire the Units to be redeemed for shares of Common Stock,
at the rate of one Unit for one share of Common Stock or cash, at the option
of the Issuer.
(4) Represents shares accrued through December 31, 2001 to the Reporting
Person's account pursuant to the Issuer's Deferred Bonus Plan less 266 shares
subsequently issued on settlement.
/s/ David P. Gardner June 7, 2002
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**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.
Alternatively, this form is permitted to be submitted to the Commission in
electronic format at the option of the Reporting Person pursuant to Rule 101(b)
(4) oF Regulation S-T.
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