UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person Frost, Dr. Phillip 4400 Biscayne Boulevard Miami, FL 33137-3227 USA 2. Issuer Name and Ticker or Trading Symbol Ladenburg Thalmann Financial Services Inc. LTS 3. IRS or Social Security Number of Reporting Person (Voluntary) 4. Statement for Month/Year January 31, 2002 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other (specify below) 7. Individual or Joint/Group Filing (Check Applicable Line) ( ) Form filed by One Reporting Person (X) Form filed by More than One Reporting Person
___________________________________________________________________________________________________________________________________ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect | | Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership | | | | | Beneficially |(D)or | | | | | | | A/| | Owned at |Indir | | | Date |Code|V| Amount | D | Price | End of Month |ect(I)| | ___________________________________________________________________________________________________________________________________| Common Stock, par value $.0|01/15/|P | |10,000 |A |$0.77 |0 |I |(1) | 001 per share |02 | | | | | | | | | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | |0 |I |(2) | - -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | |1,407,966 |I |(1)(2) | - -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned | ___________________________________________________________________________________________________________________________________| 1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of| Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect | |or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | | |Deriva- | | | |Date |Expir| | |ficially |Ind| | |tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| | |Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | | |rity |Date |Code|V| Amount | |ble | | | |Month |(I)| | ___________________________________________________________________________________________________________________________________| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________|
Explanation of Responses: (1) On 01/18/02, Frost-Nevada, Investments Trust assigned its interest in 757,966 shares of Common Stock to Frost Gamma Limited Partnership of which the reporting person is the sole limited partner and sole shareholder of Frost Gamma Inc., the sole general partner. (2) On 01/18/02, Frost-Nevada, Limited Partnership assigned its interest in 650,000 shares of Common Stock to Frost Gamma Limited Partnership. JOINT FILERS ______________ FROST-NEVADA, LIMITED PARTNERSHIP /s/ Phillip Frost, M.D. ______________________________________ By Phillip Frost, M.D., Limited Partner FROST-NEVADA, INVESTMENTS TRUST /s/ Phillip Frost, M.D. _______________________________________ FROST-NEVADA, LIMITED PARTNERSHIP, EXCLUSIVE BENEFICIARY By Phillip Frost, M.D., Limited Partner FROST GAMMA LIMITED PARTNERSHIP /s/ Phillip Frost, M.D. ______________________________________ FROST GAMMA LIMITED PARTNERSHIP, By Phillip Frost, M.D., Limited Partner SIGNATURE OF REPORTING PERSON /s/ Phillip Frost, M.D. DATE February 8, 2002