SEC Form 4

FORM 4	OMB APPROVAL
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FORM 4

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

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(h) of the Investment Company Act of 1940

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U1. Name and Address of Reporting Person* Wiland, Phillip A. (Last) (First) (Middle) 2950 Colorful Avenue (Street) Longmont, CO 80504 (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol Concepts Direct, IncCDIR 3. I.R.S. ~~SECURITIES~~Identification ~~AND~~Number ~~EXCHANGE~~of ~~COMMISSION Washington~~Reporting Person, Dif an entity (voluntary) 4.C Statement for (Month/Day/Year 04/08/2003 5. ~~20549 STATEMENT~~If OFAmendment, ~~CHANGES~~Date INof ~~BENEFICIAL~~Original ~~OWNERSHIP~~ (Month/Day/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) Description Chairman, President, Chief Executive Officer 7. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

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

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

1. Title of Security
(Instr. 3)

2.Transaction
Date
(Month/Day/Year)

2A. Deemed Execution Date, if any
(Month/Day/Year)

3. Transaction
Code
(Instr. 8)

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

5. Amount of
    Securities
    Beneficially
    Owned Following
    Reported Transaction(s)

    (Instr. 3 and 4)

6. Owner-
    ship
    Form:
    Direct (D)
    or
    Indirect (I)

    (Instr. 4)

7. Nature of
     Indirect
     Beneficial
     Ownership

    (Instr. 4)

Code

Amount

A/D

Price

Common Stock, $0.10 par value

04/08/2003

479,500

$0.54

3,846,725*

(Print or Type Responses)

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

1. Name and Address of Reporting Person*

2. Issuer Name and Ticker or Trading Symbol

6. Relationship of Reporting Person(s) to Issuer

1. Title of Derivative Security (Instr. 3)

2. Conver- sion or Exercise Price of Deri- vative 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)

6. Date Exercisable(DE) and Expiration Date(ED) (Month/Day/Year)

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

8. Price of Derivative Security (Instr.5)

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

10. Owner-shipForm ofDeriv-ativeSecurities:Direct (D)orIndirect (I)(Instr.4)

11. Nature of Indirect Beneficial Ownership (Instr.4)

(Check all Applicable)

Code

Title

Amount or Number of Shares

[X] Director

[ ] 10% Owner

Geller Marshall S.

Concepts Direct, Inc.: CDIR

[ ] Officer (give title below)

[ ] Other (specify below) Chairman of the Board

(Last)

(First)

(Middle)

3. IRS or Social Security

4. Statement for

Number of Reporting

Month/Year 06/2002

433 North Camden Drive, Fifth Floor

Person (Voluntary)

(Street)

5. If Amendment, Date of Original)

7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person

Beverly Hills, California 90210

(Month/Year)

[ ] Form filed by More than One Reporting Person

(City)

(State)

(Zip)

~~Table I —~~ ~~Non-Derivative~~Explanation ~~Securities Acquired, Disposed~~ of, orResponses: ~~Beneficially~~ ~~Owned~~

1. Title of Security (Instr. 3)

2. Transaction Date(Month/ Day/ Year)

3. Transaction Code (Instr. 8)

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

5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)

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

7. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

Amount

(A) or (D)

Price

* This report is filed jointly with Linda S. Wiland. Linda S. Wiland is the spouse of Phillip A. Wiland (collectively, the "Wilands"). The Wilands own in joint tenancy 3,805,325 shares of Common Stock of Concepts Direct. In addition, Mr. Wiland holds 13,900 shares of Common Stock of Concepts Direct as custodian for his minor children under the Uniform Gifts to Minors Act and for which Mr. Wiland has sole voting and investment power. Mr. Wiland also holds stock options for 27,500 shares of Common Stock of Concepts Direct which are currently exercisable or will become exercisable within the next 60 days.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.		(Over)
By:	Date:
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).		SEC 1474 (7-97)
/s/ Phillip A. Wiland	04/10/2003
** Signature of Reporting Person	SEC 1474 (9-02)
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). ** 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. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FORM 4 (continued)

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)

4. Transaction Code (Instr. 8)

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

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

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

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned at End of Month (Instr. 4)

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

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Common Stock Purchase Warrant (right to buy)

$0.10

4/26/02

275,000

7/26/02

4/26/09

CommonStock

275,000(1)

$1.85(2)

275,000

(3)

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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	/s/ Marshall S. Geller	6/10/2002
	**Signature of Reporting Person	Date
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

(1) Issuable upon exercise of the warrant.

(2) St. Cloud paid a purchase price of $1.94 per share for each share of Common Stock issuable upon exercise of the warrant, but $0.09 of such purchase price per share was an advance with respect to the exercise price per share of the warrant.

(3) St. Cloud Capital Partners, LP, a Delaware limited partnership (“St. Cloud”), is the direct beneficial owner of 275,000 shares of Common Stock (issuable upon exercise of the warrant). Mr. Geller, as a co-founder and senior manager of St. Cloud, shares the power to vote or to direct the vote and dispose or to direct the disposition of such securities. Mr. Geller expressly disclaims beneficial ownership of such securities held by St. Cloud.

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