U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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).
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1. Name and Address of Reporting Person
Alexander Finance, LP
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(Last) (First) (Middle)
1560 Sherman Avenue, Suite 900
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(Street)
Evanston, Illinois 60201
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
ISCO International, Inc. ("ISO")
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3. IRS or Social Security Number of Reporting Person, if an
entity (Voluntary)
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4. Statement for Month/Day/Year
November 15, 2002
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [X] 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 [ ] Form filed by more
Person than one Reporting
Person
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Table I -- Non-Derivative Securities Beneficially Owned
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3. Trans- 4. Securities Acquired 5. Amount of 6. Owner- 7. Nature of
action (A) or Disposed of (D) Securities ship Form: Indirect
2. Tran- Code ---------------------- Beneficially Direct (D) Beneficial
saction --------- (A) Owned at or Indir- Ownership
1. Title of Security Date Code V Amount or (D) Price End of Month ect (I) (Instr. 4)
- ------------------- --------- ----- -- ------- ------ ------ ------------ --------- -----------
FORM 4 (continued)
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Table II -- Derivative Securities Acquired Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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9.
Num-
ber of 10.
Deriv- Owner-
2. 5. Number ative ship
Conv- of Deriva- 7. Type and Secur- Form of
ersion tive Secur- 6. Date Amount of 8. ities Deriv-
Price Acquir- Exercisable and Underlying Price Bene- ative Nature of
of 4. Trans- ed or Dis- Expiration Date Securities of ficial- Secur- Indirect
Deriv- action posed of (D) --------------- ------------- Deriv- ly Own- ity: Di- Benen-
ative 3. Tran- Code --------------- Date Expir- Amount ative ed at rect (D) fical
1. Title of Deri- Secur- saction --------- Exer- ation- of Secu- End of or Indi- Owner-
vative Security ity Date Code V (A) (D) cisable Date Title Shares rity Month rect (I) ship
- --------------- ----- ------- --------- -------------- ------- ------- ----- -------- ------ --------- ------- --------
Common Stock $0.20 11/15/02 J 2,190,500 Immed. 4/15/04 Common 2,190,500 N/A* 4,381,000 (D)
Purchase Warrant Stock
(right to buy)
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Explanation of Responses: *Warrant issued in connection
with a $438,100 loan made by Reporting Person on November
15, 2002.
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Alexander Finance, LP
/s/ Bradford T. Whitmore November 15, 2002
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**Signature of Reporting Person Date
By Bun Partners, Inc.,
Its: General Partner
By: Its President
**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.