5 1 f5sab00.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 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 this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). _ [_] Form 3 Holdings Reported [X] Form 4 Transactions Reported ________________________________________________________________________________ 1. Name and Address of Reporting Person* Abboud Steven M. -------------------------------------------------------------------------------- (Last) (First) (Middle) 16569 Summit Dr. -------------------------------------------------------------------------------- (Street) Omaha Nebraska 68136 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Global Entertainment Holdings/Equities, Inc. GAMM ________________________________________________________________________________ 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) _______________________________________________________________________________ 4. Statement for Month/Year 12/00 ________________________________________________________________________________ 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) ____________________________________________________________________ ________________________________________________________________________________ 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 ================================================================================

FORM 5 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

Explanation of Responses: (1) Mr. Steven Abboud, the reporting person, acquired these shares as part of his compensation as of the year-end 1999. (2) Mr. Abboud acquired 50% interest in Masadi Financial Services, Inc. (Masadi) in a private transaction from Christina Stanger in exchange for one dollar ($1.00) and certain real and personal property. Mr. Abboud indirectly acquired these 292,451 shares as his calculated portion of Masadi's stock ownership of the issuer. (3) Mr. Abboud, as the direct beneficial owner, in an open market sale, disposed of these 100 shares. (4) This was as indirect acquisition through Masadi of these 13,000 shares, and the 305,451 shares is Mr. Abboud's total indirect ownership as of the Issuer's year-end. These acquired and total shares represents Mr. Abbouds calculated portion based on his 50% ownership of Masadi. (5) These 807,063 shares represent the calculated portion of Mr. Steven Abboud's year-end indirect ownership of the Issuer through SSI. (6) These 1,118,329 shares represent the direct year-end ownership of the issuer by Mr. Steven Abboud. (7) Mr. Abboud acquired these options as part of a severance compensation package when he resigned as an officer and director of the Issuer. /s/Steven M. Abboud February 20, 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 is insufficient, see Instruction 6 for procedure. Page 2

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