4 1 nhf44173.txt ----------- ------------------------------ |FORM 4 | OMB APPROVAL ----------- ------------------------------ ___ Check this box if no longer subject to OMB Number 3235-0287 Section 16. Form 4 or Form 5 obligations Expires: January 31, 2005 may continue. See Instruction 1(b) Estimated average burden hours per response ....... 0.5 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 (Print or Type Responses) ____________________________________________________________________________ 1. Name and Address of Reporting Person* Hughes Edward J. ______________________________________________________________________________ (Last) (First) (Middle) 225 Franklin Street, 20th Floor ______________________________________________________________________________ (Street) Boston MA 02110 ____________________________________________________________________________ (City) (State) (Zip) ____________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Detwiler, Mitchell & Co. (Nasdaq: DMCO) ____________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) ____________________________________________________________________________ 4. Statement for Month/Day/Year 4/16/03 ____________________________________________________________________________ 5. If Amendment, Date of Original (Month/Day/Year) ============================================================================ 6. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [_] 10% Owner [X] Officer (give title below) [_] Other (specify below) Chief Operating Officer ____________________________________________________________________________ 7. Individual or Joint/Group Filing (Check applicable line) [X] Form filed by 1 Reporting Person [_] Form filed by more than 1 Reporting Person ____________________________________________________________________________ ============================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ============================================================================

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) =============================================================================

Explanation of Responses: (1) Total includes 6,136 shares held in 401(k) Plan of issuer as of April 2, 2003 representing matching contributions to Reporting Person's account since inception. (2) Report filed solely to reflect acceleration of right to exercise indicated options to April 16, 1003. (3) Previously reported. /s/ Edward J. Hughes 4/17/2003 --------------------------------------------- -------------------- **Signature of Reporting Person Date 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) **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.

DETWILER MITCHELL & CO 4