4 1 form4_101002.txt FORM 4 --------------------------- FORM 4 --------------------------- UNITED STATES 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 / / Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). OMB APPROVAL ------------ OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response........................... 0.5 (Print or Type Response) 1. Name and Address of Reporting Person* Pacific Technology Group, Inc. ---------------------------------------------- (Last) (First) (Middle) 2740 N. Dallas Parkway, Suite 200 ---------------------------------------------- (Street) Plano, Texas 75093 ---------------------------------------------- (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol nStor Technologies, Inc. (AMEX: NSO) ------------------------------------------------ 3. IRS Identification Number of Reporting Person, if an entity (voluntary) 75-2490943 ------------------------ 4. Statement for Month/Day/Year 10/10/02 ------------------------ 5. If Amendment, Date of Original (Month/Year) ------------------------ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) / / Director / X / 10% Owner / / Officer (give title below) --------------- / / Other (specify title below) --------------- 7. Individual or Joint/Group Filing (Check Applicable Line) / X / Form filed by One Reporting Person / / Form filed by More than One Reporting Person

(Over) SEC 1474 (9-02) FORM 4 (continued)

Explanation of Responses: * The shares of common stock, par value $.05 per share (the "Common Stock"), beneficially owned by the Reporting Person and reported on this Form 4 were acquired on October 8, 2002 upon the automatic conversion of all of the outstanding Series L Convertible Preferred Stock, par value $.01 per share (the "Preferred Stock"), beneficially owned by the Reporting Person as of such date. ** As of October 8, 2002, each share of Preferred Stock beneficilly owned by the Reporting Person automatically was converted into 4,527.027 shares of Common Stock of the Issuer. /s/ Michael McCraw 10/10/02 ----------------------------------- -------------- President and Treasurer of Date Pacific Technology Group, Inc. **Signature of Reporting Person ** 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 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. Page 2

PACIFIC TECHNOLOGY GROUP INC 4