F O R M 4 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 [ ] Check this box if OMB APPROVAL no longer subject OMB Number 3235-0287 to Section 16 Expires: September 30, 1998 Estimated ave. burden hours per response _____ 0.5 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 1940

---------------------------------------------------------------------------------------------------------------------------- 1.Name and Address of 2.Issuer Name and Ticker 6.Relationship of Reporting Reporting Person* or Trading Symbol Person to Issuer (check all Applicable) Probex Corp. (PRB) ~~McNiel~~Jones ~~David J~~K. 11Bruce 12/2000 X Director 10% Owner --------------------------------------- ----------------------- ----------------- --- --- (Last) (First) (MI) 3.IRS or Soc.Sec.No. 4.Statement for X Officer Other of Reporting Person Month/Year --- --- (Voluntary) (Give title (specify below) below) 13355 Noel ~~Road~~Rd., Suite 1200 ~~Chief Oper. Officer & Sr. Vice Pres.~~ --------------------------------------------------------- ------------------------------------ (Street) ---------------- 5.If Amendment, 7.Individual or Joint/Group Date of Original Filing (Check Applicable Dallas, TX 75240 (Month/Year) Line) -------------------------------------------------------- (City) (State) (Zip) 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. Transaction 3. Transaction 4. Security Acquired (A) (Inst.3) Date Code or Disposed of (D) (Month/ (Instr.8) (Inst.3, 4 & 5) Day/Yr) -------------------------------------------------- (A) Code V Amount (D) Price Common Stock 12/15/00 G V 5,000 D ----------------------------------------- ------------------- ------- ----- ---------------- ---- ------------- Common Stock 12/04/00 S 4,000 D $1.50 ----------------------------------------- ------------------- ------- ----- ---------------- ---- ------------- ----------------------------------------- ------------------- ------- ----- ---------------- ---- ------------- ----------------------------------------- ------------------- ------- ----- ---------------- ---- ------------- ----------------------------------------- ------------------- ------- ----- ---------------- ---- ------------- ----------------------------------------- ------------------- ------- ----- ---------------- ---- -------------

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5. Amount of Securities 6. Ownership Form 7. Nature of Indirect Beneficially Owned at Direct (D) or Beneficial Ownership at End of Month Indirect (I) (Inst. 4) (Inst. 3 & 4) D --------------------------------------- ------------------------------ ------------------------------------ 164,945 D --------------------------------------- ------------------------------ ------------------------------------ --------------------------------------- ------------------------------ ------------------------------------ --------------------------------------- ------------------------------ ------------------------------------ --------------------------------------- ------------------------------ ------------------------------------ --------------------------------------- ------------------------------ ------------------------------------ --------------------------------------- ------------------------------ ------------------------------------

Reminder: Report on a separate line for each class securities owned directly or indirectly. *If the form is filed by more than one reporting person, see Instruction 4(b)(v). Page 2 of 4

---------------------------------------------------------------------------------------------------------------------------- Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible security) ---------------------------------------------------------------------------------------------------------------------------- 1. Title of 2. Conversion 3. Transaction 4. Transaction Derivative or Exercise Date (Month Code Security Price of (Day/Year) (Instr. 8) (Instr.3) Derivative Security Code V ~~7% Senior Secured Convertible Note (1) $1.40 11/29/2000 P~~ ------------------------------------------ -------------------- ---------------- --------------------------- ~~7% Senior Secured Convertible Note (1) $1.40 11/29/2000 P~~ ------------------------------------------ -------------------- ---------------- --------------------------- ------------------------------------------ -------------------- ---------------- --------------------------- ------------------------------------------ -------------------- ---------------- --------------------------- ------------------------------------------ -------------------- ---------------- ---------------------------

5. Number of Derivative 6. Date Exercisable 7. Title & Amount of Securities Acquired & Expiration Date Underlying Securities (A) or Disposed of (D) (Mon./Day/Year) (Inst. 3 & 4) (Instr. 3, 4 & 5) ---------------------------------------------------------------------------------------------------------------------------- (A) (D) Date Expiration Title Amount or number Exercisable Date of Shares ~~$100,000 11/29/2000 11/28/2004 Common Stock 71,429~~ ----------------- ----------------- ------------ ------------- -------------- -------------------------- ~~$100,000 11/29/2000 11/28/2004 Common Stock 71,429~~ ----------------- ----------------- ------------ ------------- -------------- -------------------------- ----------------- ----------------- ------------ ------------- -------------- -------------------------- ----------------- ----------------- ------------ ------------- -------------- -------------------------- ----------------- ----------------- ------------ ------------- -------------- --------------------------

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8. Price of Derivative 9. Number of Derivative Securities 10. Ownership Form of 11. Nature of Indirect Security (Inst.5) Beneficially Owned at end of Derivative Security Beneficial Month (Instr. 4) Direct (D) or Ownership (Instr.4) Indirect (I) (Instr.4) ~~$100,000 $100,000 I By IRA Account~~ ----------------------- ----------------------------------- -------------------------- ------------------------------ ~~$100,000 $100,000 D By IRA Accoun~~ ----------------------- ----------------------------------- -------------------------- ------------------------------ ----------------------- ----------------------------------- -------------------------- ------------------------------ ----------------------- ----------------------------------- -------------------------- ------------------------------ ----------------------- ----------------------------------- -------------------------- ------------------------------ Explanation of Responses: ~~Note: (1) Represents convertible notes issued by Probex Fluids Recovery, Inc., a wholly-owned subsidiary of the Issuer, which are convertible into common stock of the Issuer.~~

/s/ ~~David J~~K. ~~McNiel~~Bruce 12Jones 1/1109/~~2000~~01 **Intentional misstatements or omissions of facts constitute Federal -------------------------------- ------------ Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date

Potential persons who are to respond to the collections of information contained in this form are not required to respond unless the form displays a currently valid OMD Number. Page 4 of 4

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