5 1 seneca_f5-123102.txt ------------------------------ OMB APPROVAL ------------------------------ OMB Number: 3235-0362 Expires: January 31, 2005 Estimated average burden hours per response.........1.0 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 5 ANNUAL 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 |_| Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |_| Form 3 Holdings Reported |_| Form 4 Transactions Reported ________________________________________________________________________________ 1. Name and Address of Reporting Person* Seneca Capital International, Ltd. -------------------------------------------------------------------------------- (Last) (First) (Middle) 527 Madison Avenue, 11th Floor -------------------------------------------------------------------------------- (Street) New York NY 10022 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Excalibur Industries, Inc. - EXCB ________________________________________________________________________________ 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) ________________________________________________________________________________ 4. Statement for Month/Year 12/02 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) |_| Director |X| 10% Owner |_| Officer (give title below) |_| Other (specify below) --------------------------------- ________________________________________________________________________________ 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 ================================================================================

* Shares issued upon conversion of Series A and Series B Preferred Stock. ** Seneca Capital, L.P. beneficially owns 506,667 shares and Seneca Capital International, Ltd. beneficially owns 1,093,333 shares. FORM 5 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

Explanation of Responses: * Shares and warrants issued in exchange for shares of Excalibur Holdings, Inc. pursuant to a merger of the issuer's wholly owned subsidiary with and into Excalibur Holdings. ** Seneca Capital, L.P. held 326,667 shares of Series A Preferred Stock and Seneca Capital International, Ltd. held 673,333 shares of Series A Preferred Stock, which was converted into common stock on May 22, 2002. *** Seneca Capital, L.P. held 180,000 shares of Series B Preferred Stock and Seneca Capital International, Ltd. held 420,000 shares of Series B Preferred Stock, which was converted into common stock on May 22, 2002. **** Seneca Capital, L.P. held warrants to purchase 179,667 shares of Series A Preferred Stock and Seneca Capital International, Ltd. held warrants to purchase 370,333 shares of Series A Preferred Stock, which were converted into warrants to purchase common stock on May 22, 2002. ***** Seneca Capital, L.P. holds 54,000 shares of common stock and Seneca Capital International, Ltd. holds 126,000 shares of common stock. /s/ Douglas A. Hirsch February 14, 2003 --------------------------------------------- ----------------------- **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). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

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