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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*
McCormick Ann M.
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(Last) (First) (Middle)
33 Gramercy Park
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(Street)
Rochester NY 14610
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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
February 27, 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, General Counsel and Secretary
________________________________________________________________________________
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 7,650 D(1)
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Common Stock,
Par value $.01 02/03/03 G V 2 A
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Common Stock,
Par value $.01 02/27/03 A 2,500 A 31,375 D
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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) * * * * * * * * * 565 D
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Units of Limited
Partnership (2) * * * * * * * * * 1,737 D(2)
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Option to
Purchase
Common Stock $20.50 * * * * * * * * * 2,123 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 * * * * * * * * * 10,600 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 02/27/03 A 487(3) (4) (4) Stock 487 (3) 1,493 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 the units for cash. The
Issuer may elect to acquire the Units to be redeemed 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 phantom stock units accrued to the Reporting Person's account
pursuant to the Issuer's Deferred Bonus Plan at prices ranging from $30.75
to $31.30 per share. Represents phantom stock units accrued in lieu of cash
in payment of bonus amounts, the Issuer's contribution to the account pursuant
to the Plan and hypothetical shares accrued pursuant to the dividend
reinvestment feature of the Plan.
(4) The Reporting Person 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/ Ann M. McCormick March 3, 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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