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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(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).
(Print of Type Responses)
________________________________________________________________________________
1. Name and Address of Reporting Person*
Gardner David P.
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(Last) (First) (Middle)
105 Fiddlers Hollow
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(Street)
Penfield NY 14526
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(City) (State) (Zip)
________________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
Home Properties of New York, Inc. (HME)
________________________________________________________________________________
3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
________________________________________________________________________________
4. Statement for Month/Day/Year
April 14, 2003
________________________________________________________________________________
5. If Amendment, Date of Original (Month/Day/Year)
________________________________________________________________________________
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
| | Director |_| 10% Owner
|x| Officer (give title below) |_| Other (specify below)
Senior Vice President and Chief Financial 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
________________________________________________________________________________
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5.
Amount of 6.
4. Securities Owner-
Securities Acquired (A) or Beneficially ship
2A. 3. Disposed of (D) Owned Form: 7.
2. Deemed Transaction (Instr. 3, 4 and 5) Following Direct Nature of
Trans- Execution Code ------------------------------- Reported (D) or Indirect
1. action Date, if (Instr. 8) (A) Transaction(s) Indirect Beneficial
Title of Security Date any ------------ or (Instr. 3 & (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) Code V Amount (D) Price Instr.4) (Instr.4) (Instr.4)
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Common Stock,
Par value $.01 04/14/03 M 642(3) A
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Common Stock,
Par value $.01 04/14/03 F 292(3) D $31.30 32,041 D
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Common Stock,
Par value $.01 10,240 D(1)
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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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9.
Number 10.
of Owner-
deriv- ship
ative Form
2. Secur- of
Conver- 5. 7. ities Deriv- 11.
sion Number of Title and Amount Bene- ative Nature
or Derivative 6. of Underlying 8. ficially Secur- of
Exer- 3A. 4. Securities Date Securities Price Owned ity: In-
cise Deemed Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct
Price 3. Execut- action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene-
1. of Trans- ion Code of(D) (Month/Day/Year) Amount ative Reported In- ficial
Title of Deriv- action Date if (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner-
Derivative ative Date any 8) 4 and 5) Date Expira- Number ity action(s) (I) ship
Security Secur- (mm/dd/ (mm/dd/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity yy) yy) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Units of Limited
Partnership (2) * * * * * * * * * 3,506 D
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Option to
Purchase
Common Stock $20.50 * * * * * * * * * 2,174 D
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Option to
Purchase
Common Stock $26.50 * * * * * * * * * 5,000 D
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Option to
Purchase
Common Stock $25.125 * * * * * * * * * 2,000 D
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Option to
Purchase
Common Stock $27.125 * * * * * * * * * 10,100 D
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Option to
Purchase
Common Stock $31.375 * * * * * * * * * 15,000 D
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Option to
Purchase
Common Stock $30.15 * * * * * * * * * 15,000 D
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Option to
Purchase
Common Stock $34.65 * * * * * * * * * 15,000 D
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Phantom Stock Common
Unit 1-for-1 04/14/03 M 642(3) 4/14/03 4/14/03 Stock 642 1,326 D
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Explanation of Responses:
* Previously Reported.
(1) Jointly with spouse.
(2) Units of Limited Partnership interests in Home Properties of New York,
L.P. a New York limited partnership of which the Issuer is the general
partner. The Reporting Person has the right to redeem for shares of Common
Stock at the rate of one unit for one share of common stock or cash, at the
option of the Issuer.
(3) Represents the issuance of shares of common stock at the end of the
deferral period selected by the Reporting Person pursuant to the Issuer's
Deferred Bonus Plan. Of the shares issued, 292 were withheld to pay the
Reporting Person's tax liability.
/s/ David P. Gardner April 15, 2003
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**Signature of Reporting Person Date
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.
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