---------------------------- OMB APPROVAL ---------------------------- ______________________ ---------------------------- OMB Number: 3525-0287 Expires: September 30, 1998 ---------------------------- Estimated average burden ---------------------------- hours per response: . . 0.5 ---------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 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(f) 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). ================================================================================ 1. Name and Address of Reporting Person* Richenstein Lawrence -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o Laral Group, L.L.C. 500 Eastern Parkway -------------------------------------------------------------------------------- (Street) Farmingdale NY 11735 -------------------------------------------------------------------------------- (City) (State) (Zip) ================================================================================ 2. Issuer Name and Ticker or Trading Symbol Warrantech Corporation - WTEC ================================================================================ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) ================================================================================ 4. Statement for Month/Year 10/01/02 ================================================================================ 5. If Amendment, Date of Original (Month/Year) ================================================================================ 6. Relationship of Reporting Person to Issuer (Check all applicable) |X| Director |_| 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 ================================================================================ * 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 ================================================================================

~~FORM~~6. 4 ~~OMB APPROVAL U~~.S. ~~SECURITIES AND EXCHANGE COMMISSION ---------------------------- [ ] Check this box if no longer Washington, D~~5.C. ~~20549 OMB Number: 3525~~Owner-~~0287~~ ~~subject~~Securities toAcquired ~~Section~~(A) ~~16. Form 4 Expires: September 30, 1998~~ or ~~Form~~Amount 5of ~~obligations~~ship ~~may STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Estimated average burden continue~~3. ~~See~~Disposed ~~Instruction~~of 1(bD). ~~hours~~Securities ~~per response~~Form: 7. .Transaction 0(Instr.5 ~~Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934~~3, ~~Section~~4 ~~17(a)~~and ~~of the Public Utility Holding Company Act of 1935 or Section 30(f~~5) ofBeneficially ~~the~~Direct ~~Investment~~Nature ~~Company Act~~ of ~~1940~~2. Code ----------------------------~~-------------------------------------------------------------------------------------------------------~~ 1.Owned ~~Name~~at ~~and~~End ~~Address~~(D) ~~of Reporting Person*| 2. Issuer Name and Ticker~~ or ~~Trading~~Indirect ~~Symbol |6~~1. ~~Relationship~~Transaction ~~of Reporting Person to | | Issuer~~ (~~Check~~Instr. ~~all~~8) ~~applicable~~(A) ~~RICHENSTEIN~~of ~~LAWRENCE~~Month ~~|WARRANTECH~~Indirect ~~CORPORATION~~Beneficial -Title ~~WTEC~~of |Security XDate ~~Director 10% Owner~~ ------------~~----------------------------------------------------------------------------~~ ~~---~~Amount ~~-----~~or ~~(Last)~~Price (~~First)~~Instr. ~~(Middle) |~~ 3. ~~IRS or Social Security|4. Statement for | Officer Other | Number of Reporting | Month/Year | --- ----- 14 FARMSTEAD AVENUE | Person~~ (~~Voluntary~~I) |Ownership | (~~give~~Instr. ~~title below~~3) (~~specify below~~mm/dd/yy) ~~-----------------------------------------~~Code |V ~~12/01 |~~ (~~Street~~D) |and ~~| | | ###-##-#### | | --------------------------- BROOKVILLE NY 11545 | | | | | | ----------------------------------------- |--------------------------------------------------------------- (City~~4) (~~State~~Instr.4) (~~Zip)| |5~~Instr. ~~If Amendment, |7. Individual or Joint/Group Filing | | Date of Original| (check applicable line~~4) ~~| | (Month/Year) | | | | X Form filed by One Reporting Person | | |~~ --- ~~| | | Form filed by One Reporting Person | | |~~ --- ------------------------------------------------------------------------------------------------------------------------------~~-----~~ ~~Table~~Common IStock --10/01/02 ~~NON-DERIVATIVE~~A ~~SECURITIES~~V ~~ACQUIRED~~8,081 ~~DISPOSED~~A OF$0.99 45,056 ORD ~~BENEFICIALLY~~-- ~~OWNED~~ ----------------------------------------------------------------------------------------------------------------------------------- ~~1. Title of Security |2. Transac~~-~~|3.~~ ~~Transac~~-|4. Securities Acquired (A) |5. Amount of |6. Ownership |7. Nature of (Instr. 3) |tion Date | tion Code | or Disposed of (D) | Securities | Form: | Indirect |(Month/Day/|(Instr. 8) | (Instr. 3, 4 and 5) | Beneficially | Direct | Beneficial | Year) | | | Owned at End | (D) or | Ownership | | | | of Month | Indirect | (Instr. 4) | | | | (Instr. 3 | (I) | | | | | and 4) | (Instr. 4)| | | | | | | | | | | | | | |--------------------------------------------- ~~| | | | | | |(A) or | Price | | | | | Code | V | Amount |(D) | | | |~~ ----------------------------|-----------|------|----|--------------|-------|---------|------- ----------|-------------|-------------- ~~| | | | | | | | | COMMON STOCK | 4/01/01 | A | V | 375 | A |~~ -- ~~| 15,710(1) | D |~~ -- ----------------------------|-----------|------|----|--------------|-------|---------|------------ -----|-------------|-------------- ~~| | | | | | | | | COMMON STOCK | 7/01/01 | A | V | 375 | A |~~ -- ~~| 16,085(1) | D |~~ -- ----------------------------|-----------|------|----|--------------|-------|---------|-----------------| -------------|-------------- ~~| | | | | | | | | COMMON STOCK | 10/01/01 | A | V | 375 | A |~~ -- ~~| 16,460(1) | D |~~ -- ----------------------------|-----------|------|----|--------------|-------|---------|-----------------|----- --------|-------------- ~~| | | | | | | | | | | | | | | | | |~~ ----------------------------|-----------|------|----|--------------|-------|---------|-----------------|-------------|- ------------- ~~| | | | | | | | | | | | | | | | | |~~ ----------------------------|-----------|------|----|--------------|-------|---------|-----------------|-------------|----------~~----~~ ~~| | | | | | | | | | | | | | | | | |~~ ------------------------------------------------------------------------------------------------------------------------------------ ~~(Print or Type Responses)~~====================================================================================================================================

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Page 1 of 2 FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

~~FORM~~9. 410. ~~(CONTINUED)~~Number ~~TABLE II~~ Owner-- ~~DERIVATIVE~~of ~~SECURITIES~~ship ~~ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E~~2.~~G.,~~ ~~PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)~~ Deriv-~~----------------------------------------------------------------------------------------------------------------------------------~~ 1.Form ~~Title~~ of ~~Derivative|2.~~ Conver- |35. ~~Transac- |4~~7. ~~Transac~~ative Deriv- |511. sion Number of ~~Deriv-|6. Date Exercisable |7.~~ Title and Amount ofSecur- ~~Security~~ative ~~(Instr.~~Nature ~~3)| sion~~ or |Derivative ~~tion~~6. ~~Date|~~of ~~tion~~Underlying ~~Code~~8. |ities ~~ative~~Secur- ~~Securities|~~of ~~and~~Exer- ~~Expiration~~4. |Securities ~~Underlying~~Date Securities |Price ~~Exercise|~~Bene- ~~(Month/~~ity: |In- ~~(Instr~~cise 3. ~~8)|~~Trans- Acquired (A) orExercisable |and ~~Date~~ (~~Month/Day/ | (~~Instr. 3 and 4) ~~| Price~~ of| ~~Day/Year)|~~ficially |Direct ~~Disposed~~direct ofPrice ~~(D) | Year) | | Deriv~~Trans- |action |or |Disposed ~~(Instr.~~Expiration 3,Date ~~4, | | | ative | | | and 5) |~~----------------~~---------------------------------~~ ~~| Security| | | | Date | Expir~~Deriv- |Owned |(D) ~~Amount~~ or ~~| | | | | Exer~~Bene- |1. ~~ation | Title | Number~~ of |action ~~| |-------------|-------------------| cisable | Date | | Shares | | |~~ Code ~~| V |~~ of(AD) | (DMonth/Day/Year) |Amount |ative |at |End In-~~----------------------------------------------------------------------------------------------------------------------------------~~ ~~OPTION~~ficial TOTitle ~~PURCHASE~~of |Deriv- |Date |(Instr. ~~| | | | | | COMMON | STOCK | $1~~(Instr.~~3125~~ ~~| | | | | | 4/05/01 | 4/05/11 | STOCK | 25~~3,~~000~~ ----------------~~-------------------------------------------------------------------------------------------------------------------~~ |or |Secur- |of |direct |Owner- |Derivative |ative |(Month/ |8) |4 |and |5) |Date |Expira- |Number |ity |Month |(I) |ship |Security Secur-~~----------------------------------------------------------------------------------------------------------------------------------~~ |Day/ ~~| | | | | | | | | | | | | | | | | | |~~ ------ ------------ Exer-~~----------------------------------------------------------------------------------------------------------------~~ |tion |of |(Instr. |(Instr. |(Instr. |(Instr. |(Instr. |3) |ity |Year) |Code |V |(A) |(D) |cisable |Date |Title |Shares |5) |4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ |Option |to |purchase |Common |stock |$1.3125 |4/05/00 |4/05/00 |4/05/05 |Stock |25,000 |25,000 |D ~~| | | | | | |~~ -- --------------------------------------------------------------------------------------------------------------------------------- ~~| | | | | | | | | | | | | | | | | | | |~~ --- -------------------------------------------------------------------------------------------------------------------------------- ~~| | | | | | | | | | | | | | | | | | | |~~ ---- ------------------------------------------------------------------------------------------------------------------------------- ~~| | | | | | | | | | | | | | | | | | | |~~ ----- ------------------------------------------------------------------------------------------------------------------------------ ~~| | | | | | | | | | | | | | | | | | | |~~ ------ ----------------------------------------------------------------------------------------------------------------------------- 8. Price of |9. Number of | 10. Ownership | 11. Nature of | Derivative | Derivative | Form of | Indirect | Security | Securities | Derivative | Beneficial | (Instr. 5) | Beneficially| Security: | Ownership | | Owned at | Direct | (Instr. 4) | | End of Month| (D) or | | | (Instr. 4) | Indirect | | | | (I) | | | | (Instr. 4) | | -------~~----------------------------------------------------------|~~ ~~| | | | | 25,000 | D |~~ -- | -----------------------------------------------------------------~~| | | | | | | | |~~ -----------------------------------------------------------------| ~~| | | | | | | |~~ -----------------------------------------------------------------~~| | | | | | | | |~~ -----------------------------------------------------------------~~| | | | | | | | |~~ -- ---------------------------------------------------------------~~| | | | | | | | |~~ -----------------------------------------------------------------~~| | | | | | | | |~~ ----~~-------------------------------------------------------------|~~ ~~| | | | | | | |~~ -----------------------------------------------------------------~~| | | | | | | | |~~ -----------------------------------------------------------------~~| Explanation of Responses: (1) Does not include 100 Shares owned by /s/ Lawrence Richenstein January 2, 2002 Mr. Richenstein's son as to which Mr.~~ --~~-----------------------------------~~ ------------------------ Richenstein disclaims beneficial ownership **Signature of Reporting Person Date for purposes of Section 16 or for any other purpose. *If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). Reminder: Report on a separate line for each class of securities owned directly or Indirectly. **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.====================================================================================================================================

Explanation of Responses: (1) Does not include 100 Shares owned by Mr. Richenstein's son as to which Mr. Richenstein disclaims beneficial ownership for purposes of Section 16 or for any other purpose. *If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). Reminder: Report on a separate line for each class of securities owned directly or indirectly. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Lawrence Richenstein October 1, 2002 --------------------------------------------- ----------------------- ** Signature of Reporting Person Date Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Page 2 of 2

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