U.S. 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 box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Smith, Jr. Clifford W.
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(Last) (First) (Middle)
12 East Boulevard
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(Street)
Rochester NY 14610
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Home Properties of New York, Inc. (HME)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Day/Year
October 7, 2002
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[x] Director [_] 10% Owner
[ ] Officer (give title below) [_] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[x] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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Common Stock, Par value $.01 30,525 D
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Common Stock, Par value $.01 1,400 I By spouse
for
children(1)
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Common Stock, Par value $.01 700 I By Trust
(2)
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* 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 beneficially
owned directly or indirectly.
(Print or Type Response) (Over)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- 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)
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Option to Purchase $27.0625 * * * * * * * * * * 3,500 D
Common Stock
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Option to Purchase $28.3125 * * * * * * * * * * 2,700 D
Common Stock
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Option to Purchase $31.375 * * * * * * * * * * 4,720 D
Common Stock
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Option to Purchase $28.34 * * * * * * * * * * 7,000 D
Common Stock
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Option to Purchase $36.03 * * * * * * * * * * 7,000 D
Common Stock
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Phanton Stock Units 1-for-1 10/07/02 A 191(3) (4) (4) Common 191 $30.15 3,647 D
Stock
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Explanation of Responses:
*Previously reported.
(1) These shares are held by Reporting Person's spouse as custodian for
children under the Uniform Gifts to Minors Act. The Reporting Person disclaims
beneficial ownership of these securities and this report shall not be deemed
to be an admission that the Reporting Person is the beneficial owner of such
securities for purposes of Section 16 or for any other purposes.
(2) These shares are held in a trust for the benefit of the Reporting Person's
son. The Reporting Person's spouse is the trustee for the trust. The
Reporting Person disclaims beneficial ownership of these securities.
(3) Represents phantom stock units accrued to the Reporting Person's account
in lieu of cash in payment for meeting or quarterly stipend fees pursuant to
the Issuer's Director Deferred Compensation Plan.
(4) The Reporting Person's account will be paid in the form of the Issuer's
common stock on or about the 3rd, 5th or 10th anniversary of the deferral
depending on the election of the Reporting Person.
/s/ Clifford W. Smith, Jr.
by Ann M. McCormick attorney-in-fact October 9, 2002
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**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.
Alternatively, this form is permitted to be submitted to the Commission in
electronic format at the option of the Reporting Person pursuant to Rule 101(b)
(4) of Regulation S-T.
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