~~------------------ U.S. SECURITIES AND EXCHANGE COMMISSION |--------------------------- F O R M 4| Washington, D.C. 20549 |~~ OMB APPROVAL ~~| ------------------ |--------------------------- Check this box if ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |~~OMB Number: 3235-~~0362|~~0287 ~~[ ] no longer Subject |~~Expires: ~~December~~January 31, ~~2001|~~2005 ~~to Section 16. |~~Estimated average burden ~~| |~~hours per response...~~..1.~~0| Filed pursuant to Section 16(a) of the Securities Exchanged 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 Reporting Person* |2.Issuer Name and Ticker or Trading Symbol |6.Relationship of Reporting Person to | | | | Issuer (Check all Applicable) | |Rickard Norman E. |Vermont Pure Holdings, LTD (Amex: VPS | | | | | X Director 10% Owner | |----------------------------------------|------------------------------------------------|--- --- | | (Last) (First) (MI)|3.IRS or Soc. Sec. No. |4.Statement for Month/ | Officer Other | | | of Reporting Person | Year |---(give title below) ---(Specify below)| | 390 Sabal Palm Lane | (Voluntary) | | | | | | November 2002 | | | | | | | |----------------------------------------| |------------------------|----------------------------------------| | (Street) | |5.If Amendment, Date of |7. Individual or Joint/Group Filing | | | n/a | Original (Month/Year) | (Check Applicable Line) | | Vero Beach Fl 32963 | | | | | | | n/a | X Form filed by One Reporting Person | | | | |--- | | | | | Form filed by More than One | | | | |--- Reporting Person | |----------------------------------------------------------------------------------------------------------------------------------| | (City) (State) (Zip) | | TABLE I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned | |----------------------------------------------------------------------------------------------------------------------------------| |1.Title of Security |2.Transac- |3.Trans. |4.Security Acquired (A) or |5.Amount of |6. |7.Nature of Indirect| | (Instr. 3) | tion Date | Code | Disposed of (D) | Securities |Own.| Beneficial | | |(Mon/Day/Yr)|(Instr.8)| (Instr. 3, 4 & 5) | Beneficially |Form| Ownership | | | | | | Owned at End of|(D) | (Instr. 4) | | | | |-------------------------------| Issuer's |or | | | | | | |(A) | | Fiscal Year |(I) | | | | | | Amount |(D) | Price | (Instr. 3 & 4) | | | |-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------| | | | | | | | | | | |-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------| |Common Stock | | | | | | 15,592 | D | N/A | | | | | | | | | | | |-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------| | | | | | | | | | | | | | | | | | | | | |-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------| | | | | | | | | | | | | | | | | | | | | |-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------| | | | | | | | | | | | | | | | | | | | | |-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------| | | | | | | | | | | | | | | | | | | | | |-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------| | | | | | | | | | | | | | | | | | | | | |-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------| Reminder: Report on a separate line for each class securities owned directly or indirectly. SEC 2270 (7-97) *If the form is filed by more than one reporting person, see Instruction 4(b)(v). PAGE: 1 OF 2

~~FORM~~UNITED 5STATES SECURITIES ~~(continued)~~AND ~~TABLE~~EXCHANGE ~~II - Derivative Securities Acquired~~COMMISSION Washington, Disposed of, Beneficially Owned (e.g., puts, calls, warrants, options, convertible security) ------------------------------------------------------------------------------------------------------------------------------------ |1.Title of|2.Conver-|3. |4.Tran- |5.Number of |6.Date |7.Title and Amount |8.Price of|9.Number |10. |11.Nature | |Derivative|sion or |Trans| saction| Derivative |Exercisable| of Underlying |Derivative| of |Own.| of | |Security |Exercise |Date | Code | Securities |and | Securities |Security |Derivative|Form|Indirect | |(Instr. 3)|Price of |(Mon/|(Instr.8)| Acquired (A) or |Expiration | (Instr. 3 & 4) |(Instr. 5)|Securities|of |Beneficial| | |Deriva- | Day/| | Disposed of (D~~) |Date | | |Benefi- |Deri|Ownership | | |tive |Year)| | (Instr~~. 3, 4 & 5) |(Month/Day/| | |cially |Sec.|(Instr. 4)| | |Security | | | | Year) | | |Owned at |Dir.| | | | | | | |-----------|---------------------| |End of |(D) | | | | | | | | | | |Amount or | |Year |or | | | | | | |---------------------|Date |Exp. | Title |Number of | |(Instr. 4)|Ind.| | | | | | | (A) | (D) |Exbl.|Date | |Shares | | |(I) | | |----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------| | | | | | | | | | | | | | | | |----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------| |Common |$4.00 |Nov. | A | 5,000 | |Nov. |Nov. |Common | 5,000 | | 5,000 | D | N/A | |Stock | |02, | | | |01, |01 |Stock | | | | | | |Option | |2002 | | | |2003 |2012 | | | | | | | |----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------| |Common |$3.65 | | | | |Nov. |Jan. |Common | 5,000 | | 5,000 | D | N/A | |Stock | | | | | |01, |01 |Stock | | | | | | |Option | | | | | |2002 |2011 | | | | | | | |----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------| |Common |$4.98 | | | | |Jan. |Jan. |Common | 5,000 | | 5,000 | D | N/A | |Stock | | | | | |01, |01, |Stock | | | | | | |Option | | | | | |2003 |2012 | | | | | | | |----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------| |Common |$3.00 | | | | |Nov |Nove |Common | 5,000 | | 5,000 | D | N/A | |Stock | | | | | |01 |01 |Stock | | | | | | |Option | | | | | |2001 |2010 | | | | | | | |----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------| |Common |$3.62 | | | | |June |June |Common |10,000 | | 10,000 | D | N/A | |Stock | | | | | |26, |26 |Stock | | | | | | |Option | | | | | |2002 |2011 | | | | | | | |----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------| |Common |$2.81 | | | | |Nov. |Nov. |Common | 5,000 | | 5,000 | D | N/A | |Stock | | | | | |01, |01 |Stock | | | | | | |Option | | | | | |2000 |2009 | | | | | | | |----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------| |Common |$3.13 | | | | |Nov. |Nov. |Common | 5,000 | | 5,000 | D | N/A | |Stock | | | | | |01 |01, |Stock | | | | | | |Option | | | | | |1999 |2008 | | | | | | | |----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------| |Common |$2.50 | | | | |(1) |July |Common |30,000 | | 30,000 | D | N/A | |Stock | | | | | | |24 |Stock | | | | | | |Option | | | | | | |2006 | | | | | | | |----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------| |Common |$2.50 | | | | |Dec. |Dec. |Common |22,000 | | 22,000 | D | N/A | |Stock | | | | | |06 |06, |Stock | | | | | | |Option | | | | | |1996 |2005 | | | | | | | |----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------| (1) Vest in equal installments on July 24,1997-1999 (2) See attached Confirming Statemnent Explanation of Responses: **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Bruce S. MacDonald (2) ______________________________________ Bruce S. MacDonald Date November 5, 2002 **Signature of Reporting Person Note: File three copies of this form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. SEC 2270 (7-97) 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: 2 OF 220549

FORM 4

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(h) of the Investment Company Act of 1940

o	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Name and Address of Reporting
Person*

Issuer Name and Ticker or Trading
Symbol

I.R.S. Identification Number of Reporting
Person, if an entity (Voluntary)

Rickard, Norman E.

(Last) (First) (Middle)

Vermont Pure Holdings, Ltd. (AMEX: VPS)

390 Sabal Palm Lane

(Street)

Statement for Month/Day/Year

If Amendment, Date of Original (Month/Day/Year)

January 3, 2003

Relationship of Reporting Person(s)
to Issuer (Check All Applicable)

Individual or Joint/Group Filing
(Check Applicable Line)

Vero Beach, FL. 32963

(City) (State) (Zip)

Director

10% Owner

Form Filed by One Reporting Person

Officer (give title below)

Form Filed by More than One Reporting Person

Other (specify below)

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).

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

Title of Security
(Instr. 3)

Transaction
Date
(Month/Day/Year)

2A.

Deemed Execution
Date, if any
(Month/Day/Year)

Transaction
Code
(Instr. 8)

Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5)

Amount of Sec-
urities Beneficially
Owned Following
Reported Trans-
action(s)
(Instr. 3 and 4)

Ownership
Form:
Direct (D) or
Indirect (I)
(Instr. 4)

Nature of
Indirect
Beneficial
Ownership
(Instr. 4)

Code

Amount

(A)
or
(D)

Price

Common Stock

1/2/03

3,619

$4.20

19,211

N/A

Page 2


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

1.	Title of Derivative Security (Instr. 3)	2.	Conversion or Exercise Price of Derivative Security		3.	Transaction Date (Month/Day/Year)	3A.	Deemed Execution Date, if any (Month/Day/Year)	4.	Transaction Code (Instr. 8)		5.	Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

										Code	V		(A)	(D)

	Common Stock Option			$4.20		1/2/03				A			5,000

	Common Stock Option			$4.00

	Common Stock Option			$3.65

	Common Stock Option			$4.98

	Common Stock Option			$3.00

	Common Stock Option			$3.62

	Common Stock Option			$2.81

	Common Stock Option			$3.13

	Common Stock Option			$2.50

	Common Stock Option			$2.50

Page 3

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

Date Exercisable and
Expiration Date
(Month/Day/Year)

Title and Amount
of Underlying Securities
(Instr. 3 and 4)

Price of Derivative
Security
(Instr. 5)

Number of Derivative Securities
Beneficially Owned Following
Reported Transaction(s)
(Instr. 4)

10.

Ownership Form of
Derivative Security:
Direct (D) or
Indirect (I)
(Instr. 4)

11.

Nature of
Indirect
Beneficial
Ownership
(Instr. 4)

Date
Exercisable

Expiration
Date

Title

Amount or
Number of
Shares

1/2/04

1/2/13

Common Stock

5,000

N/A

11/1/03

11/1/12

Common Stock

5,000

N/A

11/1/02

11/1/11

Common Stock

5,000

N/A

1/1/03

1/1/12

Common Stock

5,000

N/A

11/1/01

11/1/10

Common Stock

5,000

N/A

6/26/02

6/26/11

Common Stock

10,000

N/A

11/1/00

11/1/09

Common Stock

5,000

N/A

11/1/99

11/1/08

Common Stock

5,000

N/A

(1)

7/24/06

Common Stock

30,000

N/A

5/12/96

5/12/05

Common Stock

22,000

N/A

Explanation of Responses:

(1) Vest in equal installments on July 24, 1997-1999.

/s/ Bruce S. MacDonald		1/03/03
**on behalf of Norman E. Rickard. An effective confirming statement is on file with the commission		Date

**		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.

Page 4

Filing Compare · RICKARD NORMAN E