UNITED STATES SECURITIES AND EXCHANGE COMMISSION -------------------------
------ WASHINGTON, D.C. 20549 OMB APPROVAL
FORM 4 -------------------------
------ STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0287
[ ] CHECK THIS BOX IF Expires: January 31, 2005
NO LONGER SUBJECT Filed pursuant to Section 16(a) of the Estimated average burden
TO SECTION 16. Securities Exchange Act of 1934, hours per response... 0.5
FORM 4 OR FORM 5 Section 17(a) of the Public Utility -------------------------
OBLIGATIONS MAY Holding Company Act of 1935 or Section 30(h)
CONTINUE. SEE of the Investment Company Act of 1940
INSTRUCTION 1(B).
(Print or Type Responses)
---------------------------------------- ----------------------------------------- ------------------------------------------------
1. Name and Address 2. Issuer Name AND Ticker 6. Relationship of Reporting Person to Issuer
of Reporting Person* or Trading Symbol (Check all applicable)
Raytech Corporation Asbestos Raytech Corporation (RAY) Director X 10% Owner
Personal Injury Settlement Trust ------ ------
---------------------------------------- ------------------ --------------------- Officer (give Other (specify
(Last) (First) (Middle) 3. I.R.S. 4. Statement for ------ title below) ------ below)
Identification Month/Day/Year
Number of -------------------------
c/o Meltzer, Lippe, Goldstein & Reporting December 23, 2003
Schlissel, LLP, Person, if an --------------------- ------------------------------------------------
190 Willis Ave. entity 5. If Amendment, 7. Individual or Joint/Group Filing (Check
---------------------------------------- (Voluntary) Date of Original Applicable Line)
(Street) (Month/Day/Year) X Form filed by One Reporting Person
January 7, 2003 ---
Form filed by More than One Reporting
Mineola NY 11501 --- Person
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(City) (State) Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 2A. 3. Trans- 4. Securities 5. Amount 6. Owner- 7. Nature of
(Instr. 3) action Deemed action Acquired (A) of ship Indirect
Date Execution Code or Disposed Securities Form: Beneficial
Date, if (Instr. of (D) Beneficially Direct (D) Ownership
any 8) (Instr. 3, 4 Owned or
and 5) Following Indirect
Reported (I)
Transaction(s)
---------- ------------------
(Month/ (Month/ (A)
Day/ Day/ or (Instr. 3
Year) Year) Code V Amount (D) Price and 4) (Instr. 4) (Instr. 4)
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Common Stock 12-18-02 J
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Common Stock 12-20-02 J
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Common Stock 12-23-02 J 34,584,432
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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).
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 CONTROL NUMBER.
SEC 1474 (9-02)
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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1.Title of 2.Conver- 3.Trans- 3A. 4.Transac- 5.Number of 6.Date 7.Title and 8.Price 9.Number 10.Owner- 11.Nature
Deriv- sion or action Deemed tion Derivative Exer- Amount of of of ship of
ative Excer- Date Execution Code Securities cisable Underlying Deriv- Deriv- Form of Indirect
Security cise (Month/ Date, if (Instr. 8) Acquired and Securities ative ative Deriv- Benefi-
(Instr.3) Price of Day/ any (A) or Expira- (Instr. 3 Security: Secur- ative cial
Deriva- Year) (Month/ Disposed of tion and 4) (Instr. ities Security: Owner-
tive Day/Year) (D) (Instr. Date 5) Bene- Direct ship
Security 3, 4 and 5) (Month/ ficially (D) (Instr.
Day/Year) Owned or 4)
Follow- Indirect
ing (I)
Reported (Instr. 4)
Trans-
action(s)
(Instr. 4)
------------------------------
Amount
Date Expira- or
----------------------- Exer- tion Title Number
Code V (A) (D) cisable Date Shares
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Explanation of Responses:
This Amendment amends the Form 4 erroneously filed on January 7, 2003 by Raytech Corporation Asbestos Personal Injury
the Raytech Corporation Asbestos Personal Injury Settlement Trust Settlement Trust
(the "Trust"). The Trust did not sell or otherwise dispose of any of its
shares of the common stock, par value $1.00 per share (the "Common Stock")
of Raytech Corporation, a Delaware corporation, on December 18, 2002, By: /s/ Richard A. Lippe January 17, 2003
December 20, 2002 or December 23, 2002 and continues to hold 34,584,432 ------------------------------ ---------------
shares of the Common Stock. **Signature of Reporting Person Date
Richard A. Lippee, Trustee
**Intentional misstatements or omissiions 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 control number.