F O R M 4 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 [ ] Check this box if OMB APPROVAL no longer subject OMB Number 3235-0287 to Section 16 Expires: December 31, 2001 Estimated ave. burden hours per response 0.5 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 1940 -------------------------------------------------------------------------------- 1.Name and Address of 2.Issuer Name and Ticker 6.Relationship of Reporting Reporting Person* or Trading Symbol Person to Issuer (check all Applicable) The Hallwood Group Incorporated ("HWG") The Alpha Trust April 2001 Director X 10% Owner --------------------------------------- ----------------------- ----------------- --- --- (Last) (First) (MI) 3.IRS or Soc.Sec.No. 4.Statement for Officer Other --- --- of Reporting Person Month/Year (Give title (specify below) (Voluntary) below) c/o Radlciffees Trustee Company, S.A. 12 rue de l'Arquebuse --------------------------------------------------------- ------------------------------- (Street) ---------------- 5.If Amendment, 7.Individual or Joint/Group Date of Original Filing (Check Applicable 1204 Geneva, Switzerland (Month/Year) -------------------------------------------------------- Line) (City) (State) (Zip) X Form filed by One --- Reporting Person Form filed by More --- than One Reporting Person -------------------------------------------------------------------------------- Table I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned -------------------------------------------------------------------------------- 1. Title of Security 2. Transaction 3. Transaction 4. Security Acquired (A) (Inst.3) Date Code or Disposed of (D) (Month/ (Instr.8) (Inst.3, 4 & 5) Day/Yr) _________________________________________ (A) Code V Amount (D) Price Common Stock 4/24/01 P 40,000 A $6.00 ----------------------------------------- ------------------- ------- ----- ---------------- ---- --------- ----------------------------------------- ------------------- ------- ----- ---------------- ---- --------- ----------------------------------------- ------------------- ------- ----- ---------------- ---- --------- ----------------------------------------- ------------------- ------- ----- ---------------- ---- --------- ----------------------------------------- ------------------- ------- ----- ---------------- ---- --------- ----------------------------------------- ------------------- ------- ----- ---------------- ---- --------- 5. Amount of Securities 6. Ownership Form 7. Nature of Indirect Beneficially Owned at Direct (D) or Beneficial Ownership at End of Month Indirect (I) (Inst. 4) (Inst. 3 & 4) 726,687 D --------------------------------------- ------------------------------ ----------------------------- --------------------------------------- ------------------------------ ----------------------------- --------------------------------------- ------------------------------ ----------------------------- --------------------------------------- ------------------------------ ----------------------------- --------------------------------------- ------------------------------ ----------------------------- Reminder: Report on a separate line for each class securities owned directly or indirectly. *If the form is filed by more than one reporting person, see Instruction 4(b)(v). Page 1 FORM 4 (continued) Page 2 -------------------------------------------------------------------------------- Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible security) -------------------------------------------------------------------------------- 1. Title of 2. Conversion 3. Transaction 4. Transaction Derivative or Exercise Date (Month Code Security Price of (Day/Year) (Instr. 8) (Instr.3) Derivative Security Code V ------------------------------------------ -------------------- ---------------- --------------- ------------------------------------------ -------------------- ---------------- --------------- ------------------------------------------ -------------------- ---------------- --------------- ------------------------------------------ -------------------- ---------------- --------------- ------------------------------------------ -------------------- ---------------- --------------- ------------------------------------------ -------------------- ---------------- --------------- 5. Number of Derivative 6. Date Exercisable 7. Title & Amount of Securities Acquired & Expiration Date Underlying Securities (A) or Disposed of (D) (Mon./Day/Year) (Inst. 3 & 4) (Instr. 3, 4 & 5) ------------------------------------------------------------------------------------------------------------------- (A) (D) Date Expiration Title Amount or number Exercisable Date of Shares ----------------- ----------------- ------------ -------------- -------------- ----------------- ----------------- ----------------- ------------ ------------- -------------- ----------------- ----------------- ----------------- ------------ ------------- -------------- ----------------- ----------------- ----------------- ------------ ------------- -------------- ----------------- 8. Price of Derivative 9. Number of Derivative Securities 10. Ownership Form of 11. Nature of Indirect Security (Inst.5) Beneficially Owned at end of Derivative Security Beneficial Month (Instr. 4) Direct (D) or Ownership (Instr.4) Indirect (I) (Instr.4) ----------------------- ----------------------------------- -------------------------- ------------------------ ----------------------- ----------------------------------- -------------------------- ------------------------ ----------------------- ----------------------------------- -------------------------- ------------------------ ----------------------- ----------------------------------- -------------------------- ------------------------ /s/ Richard Crook 04/27/01 **Intentional misstatements or omissions of facts constitute Federal ------------------------------------------ Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Richard Crook Date /s/ Katherina Hurter 04/27/01 ------------------------------------------ Katherina Hurter Authorized Signatories Potential persons who are to respond to the collections of information contained in this form are not required to respond unless the form displays a currently valid OMD Number. Page: 2 of 2