4 1 e4.txt FORM 4 - AMERICAN REALTY TRUST INC. 1 ------ -------------------------- FORM 4 OMB APPROVAL ------ -------------------------- [ ] CHECK THIS BOX IF NO OMB Number: 3235-0287 LONGER SUBJECT TO Expires: December 31, 2001 SECTION 16. FORM 4 Estimated average burden OR FORM 5 OBLIGATIONS hours per response.... 0.5 MAY CONTINUE. SEE -------------------------- INSTRUCTION 1(b). 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 (Print or Type Responses) ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person(s) American Realty Trust, Inc. Income Opportunity Realty Investors, Inc. to Issuer (Check all applicable) --------------------------------------------- ---------------------------------------------- Director X 10% Owner (Last) (First) (Middle) 3. IRS Identification 4. Statement for ---- --- Number of Reporting Month/Year Officer (give Other (Specify 10670 N. Central Expressway Person, if an entity June, 2000 ---- title --- below) --------------------------------------------- (voluntary) ------------------- below) (Street) 5. If Amendment, Dallas, Texas 75231 Date of Original --------------------------------------------- -------------------- (Month/Year) -------------------------------- (City) (State) (Zip) 7. Individual or Joint/Group Filing ------------- (Check Applicable Line) 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. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature (Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In- Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct (Instr. 8) End of Month Direct Benefi- (Month/ (Instr. 3 and 4) (D) or cial Day/ ------------------------------------ Indirect Owner- Year) Code V Amount (A) or Price (I) ship (D) (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/1/00 P 100 A $7.13 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/13/00 P 300 A 6.75 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/15/00 J* 400 D 6.50 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/16/00 J* 200 D 3.06 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/16/00 J* 1,520 D 3.13 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/16/00 J* 7,500 D 3.00 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/16/00 J* 17,280 D 2.83 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/16/00 J* 4,050 D 3.12 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/16/00 J* 8,829 D 3.10 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/16/00 J* 12,000 D 3.10 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/16/00 J* 200 D 3.06 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/19/00 J* 9,344 D 4.03 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 6/19/00 J* 1,800 D 3.63 409,935 D ------------------------------------------------------------------------------------------------------------------------------------ *Explanation of Responses: These securities were held in the Reporting Person's margin account. When the price per share declined, the respective brokerage firm sold the shares to satisfy the Reporting Person's margin debt. Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over) * If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 1474 (3-99) 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 OMB CONTROL NUMBER.

INCOME OPPORTUNITY REALTY TRUST 4