Sec Form 4 Filing - GRANOFF GARY C @ AMERITRANS CAPITAL CORP - 2012-11-02

Insider filing report for Changes in Beneficial Ownership
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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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1. Name and Address of Reporting Person
GRANOFF GARY C
2. Issuer Name and Ticker or Trading Symbol
AMERITRANS CAPITAL CORP [ AMTC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Managing Director
(Last) (First) (Middle)
AMERITRANS CAPITAL CORP., 50 JERICHO QUADRANGLE
3. Date of Earliest Transaction (MM/DD/YY)
11/02/2012
(Street)
JERICHO, NY11753
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
9 3/8% Cumulative Participating Redeemable Preferred Stock 11/02/2012 S V 500 D $ 6.5 100 I See footnotes ( 1 ) ( 4 )
9 3/8% Cumulative Participating Redeemable Preferred Stock 78 D
Common Stock, $.0001 par value 11/05/2012 S 11,034 D $ 0.3309 127,779 D
Common Stock, $.0001 par value 16,900 I See footnotes ( 1 ) ( 2 )
Common Stock, $.0001 par value 261 I See footnotes ( 1 ) ( 3 )
Common Stock, $.0001 par value 78,584 I See footnotes ( 1 ) ( 4 )
Common Stock, $.0001 par value 71,979 I See footnotes ( 1 ) ( 5 )
Common Stock, $.0001 par value 6,000 I See footnotes ( 1 ) ( 6 )
Common Stock, $.0001 par value 11,937 I See footnotes ( 1 ) ( 7 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GRANOFF GARY C
AMERITRANS CAPITAL CORP.
50 JERICHO QUADRANGLE
JERICHO, NY11753
Managing Director
Signatures
/s/ Gary C. Granoff 11/05/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person disclaims beneficial ownership of all such shares except to the extent of his pecuniary interest therein as determined in accordance with Rule 16a-2(a)(2) promulgated under the Securities Exchange Act of 1934, as amended.
( 2 )These shares are held by the Granoff Family Foundation, a charitable foundation of which the reporting person and his two brothers serve as trustees.
( 3 )These shares are held by GCG Associates Inc., a corporation controlled by the reporting person.
( 4 )These shares are held by DAPARY Management Corp., a corporation controlled by the reporting person.
( 5 )These shares are held in the reporting person's IRA or pension accounts.
( 6 )These shares are held in an irrevocable qualified subchapter S trust for the benefit of the reporting person's son, of which the reporting person is the trustee.
( 7 )These shares are held by Leslie Granoff, the reporting person's wife.

Remarks:
* 500 shares of the 9 3/8% Preferred Stock were sold by Dapary Management Corp on 11/2/12. These shares had been held at a broker in street name. An additional 100 share certificate for the 9 3/8% preferred stock was found registered to Dapary Management Corp which are now being included in the remaining shares owned by Dapary Management Corp

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).

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