4 1 may_form4.txt FORM 4 - MAY 2001 F O R M 4 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 [X] 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) Hallwood Energy Corporation (HECO)

-------------------------------------------------------------------------------- Table I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned --------------------------------------------------------------------------------

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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

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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

HALLWOOD ENERGY CORP 4