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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
------ WASHINGTON, D.C. 20549 -------------------------------
OMB Number 3235-0287
|_| Check this box if STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Expires: January 31, 2005
no longer subject Estimated average burden
to Section 16. Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, hours per response........0.5
Form 4 or Form 5 Section 17(a) of the Public Utility Holding Company Act of 1935 -------------------------------
obligations may or Section 30(h) of the Investment Company Act of 1940
continue. See
Instruction 1(b)
(Print or Type Responses)
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1.Name and Address of Reporting Person* 2.Issuer Name AND Ticker or Trading Symbol 6.Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Sheridan Investments, LLC AmeriVest Properties, Inc. (AMV) Director X 10% Owner
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(Last) (First) (Middle) 3.IRS or Social Security 4.Statement for Officer (give Other (specify
Number of Reporting Month/Day/Year --- title below) --- below)
Person, if an entity
(Voluntary) 12/31/02
1780 South Bellaire Street, Suite 515 ---------------------------
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(Street) 5.If Amendment, 7.Individual or Joint/Group Filing
Date of Original (Check applicable line)
(Month/Day/Year) Form filed by One Reporting Person
Denver CO 80222 ---
----------------------------------------- X Form filed by More than One
(City) (State) (Zip) --- Reporting Person
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TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1.Title of Security 2.Trans- 2A.Deemed 3.Transaction 4.Securities Acquired (A) 5.Amount of 6.Ownership 7.Nature of
(Instr. 3) action Execu- Code or Disposed of (D) Securities Form: Indirect
Date tion Date (Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct Beneficial
(if any) --------------------------------------------- Owned Follow- (D) or Ownership
(Month/ (Month/ ing Reported Indirect (Instr. 4)
Day/ Day/ Code V Amount (A) or Price Transaction(s) (I)
Year) Year) (D) (Instr. 3 and 4) (Instr. 4)
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Common Stock 12/31/02 J(a) 42,903 A $6.20 1,286,018 (b) D
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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).
(Over)
SEC 1474 (10-02)
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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1. Title of Derivative 2. Conver- 3. Trans- 3A. Deemed 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount
Security sion or action Execu- action Derivative cisable and of Underlying
(Instr. 3) Exercise Date tion Code Securities Expiration Securities
Price of Date, (Instr. 8) Acquired (A) or Date (Instr. 3 and 4)
Deriv- (Month/ if any Disposed of (D) (Month/Day/
ative Day/ (Instr. 3, 4, Year)
Security Year) (Month/ and 5)
Day/ --------------------------------------------------------------------
Year) Date Expira- Amount or
Code V (A) (D) Exer- tion Title Number of
cisable Date Shares
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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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1. Title of Derivative 8. Price 9. Number of 10. Ownership 11. Nature of
Security of Derivative Form of Indirect
(Instr. 3) Deriv- Securities Derivative Beneficial
ative Beneficially Security: Ownership
Security Owned Follow- Direct (D) or (Instr. 4)
(Insr. 5) ing Reported Indirect (I)
Transaction(s) (Instr. 4)
(Instr. 4
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Explanation of Responses
(a) Acquisition occurred as result of dissolution of limited partnership and the transfer of securities of issuer to the filing
person as repayment of a loan made by the filing person to the limited partnership.
(b) The securities are owned by Sheridan Investments, LLC. Sheridan Development, LLC, is the manager of Sheridan Investments, LLC.
/s/ DEBORAH J. FRIEDMAN 1/03/03
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Reminder: Report on a separate line for each class of securities beneficially **Signature of Reporting Person Date
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 provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this
form are not required to respond unless the form displays a currently valid OMB number. Page 2
JOINT FILER INFORMATION
Name: Sheridan Development, LLC
Address: 1780 S. Bellaire Street, Suite 515
Denver, CO 80222
Designated Filer: Sheridan Investments, LLC
Issuer Ticker Symbol: AmeriVest Properties, Inc. (AMV)
Date of Event Requiring Statement: 12/31/02
Signature: /s/ DEBORAH J. FRIEDMAN
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Deborah J. Friedman
Attorney-in-fact