4 1 file001.txt FORM 4 FORM 4 _________________________________ | OMB APPROVAL | [ ] Check this box if no longer subject _________________________________ to Section 16. Form 4 or Form 5 | OMB Number: 3235-0287 | obligations may continue. See | Expires: December 31, 2001 | Instruction 1(b). | Estimated average burden | | hours per response..... 0.5 | _________________________________ 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 ================================================================================ 1. Name and Address of Reporting Person* Wahl Michael -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o HMG Worldwide Corporation 475 Tenth Avenue -------------------------------------------------------------------------------- (Street) New York New York 10018 -------------------------------------------------------------------------------- (City) (State) (Zip) ================================================================================ 2. Issuer Name and Ticker or Trading Symbol HMG Worldwide Corporation (HMG) ================================================================================ 3. IRS or Social Security Number of Reporting Person (Voluntary) ================================================================================ 4. Statement for Month/Year July 2001 ================================================================================ 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [X] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Chairman of the Board -------------------------------------------------- ================================================================================ 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person ================================================================================ Form 4 (continued)

=============================================================================================================== TABLE I--NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED =============================================================================================================== 1.Title of 2. Trans- 5. Amount of 6. Owner- Security action 3. Trans- 4. Securities Acquired (A) Securities ship (Instr. 3) Date action or Disposed of (D) Beneficially Form: 7. Nature of (Month/ Code (Instr. 3, 4 and 5) Owned at Direct Indirect Day/ (Instr. 8) ---------------------- End of Month (D) or Beneficial Year) ---------- (A) or (Instr. 3 and 4) Indirect I) Ownership Code V Amount (D) Price (Instr. 4) (Instr. 4) --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Common Stock 0607/0511/01 P 10,000 A $0.86675 ~~125~~720,~~473~~156 D --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- =============================================================================================================== =============================================================================================== Table II--DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (e.g., puts, calls, warrants, options, convertible securities) =============================================================================================== 1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Derivative Security (Instr. 3) sion or action tion Securities Acquired Exercise Date Code (A) or Disposed Price of (Month/ (Instr. 8) of (D)(Instr. 3,4, and 5) Derivative Day/ ----------- ------------------------- Security Year) Code V (A) (D) ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- =========================================================================================================== 6. Date Exercisable and Expiration 7. Title and Amount of 9. Number 10. Ownership Date (Month/ Underlying Securities of Derivative Form of Day/Year) (Instr. 3 and 4) Securities Derivative 11. Nature of ---------------- -------------------- 8. Price of Beneficially Security: Indirect Date Expira- Amount or Derivative Owned at Direct (D) Beneficial Exer- tion Number of Security End of Month or Indirect Ownership cisable Date Title Shares (Instr.5) (Instr. 4) (I)(Instr.4) (Instr.4) ----------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- ===========================================================================================================

Explanation of Responses: /s/ Michael Wahl August 3, 2001 ---------------------------------------- -------------------- ** Signature of Reporting Person Date --------------- ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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