--------------------------- FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION --------------------------- Washington, D.C. 20549 [X] Check this box if no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP to Section 16. Form 4 or Form 5 obligations may continue. See Filed pursuant to Section 16(a) of the Securities Exchange Instruction 1(b). Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the (Print or Type Responses) Investment Company Act of 1940 ________________________________________________________________________________ 1. Name and Address of Reporting Person* Perlmutter Isaac -------------------------------------------------------------------------------- (Last) (First) (Middle) P.O. Box 1028 Lucerne Station -------------------------------------------------------------------------------- (Street) Lake Worth Florida 33460-9998 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Ranger Industries, Inc. (OTC: RNGR) ________________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an entity (voluntary) ________________________________________________________________________________ 4. Statement for Month/Year February 2001 ________________________________________________________________________________ 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) [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. 2. 3. 4. 5. 6. 7. Title of Security Trans- Trans- Securities Acquired (A) Amount of Owner- Nature of (Instr. 3) action action or Disposed of (D) Securities ship Indirect Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial Instr. 8) Owned at End Direct Owner- (Month/ ___________________________________ of Month (D) or ship Day/ Indirect (Instr. 4) Year) (A)or (Instr. 3 (I) Code V Amount (D) Price and 4) (Instr.4) ____________________________________________________________________________________________________________________________________ Common Stock 02/06/01 S 1,102,100 D $2.00 0 I By Pure Group, Inc. ____________________________________________________________________________________________________________________________________ Common Stock 02/06/01 S 34,037 D $2.00 0 I By Tangible Media, Inc. ____________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________ * If the form is filed by more than one reporting person, see Instruction 4(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Print or Type Response) (Over) ------------------------------------------------------------------------------------------------------------------------------------ FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ------------------------------------------------------------------------------------------------------------------------------------ 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Title of Conver- Trans- Trans- Number of Date Exer- Title and Amount Price Number Owner- Nature Derivative sion action action Derivative cisable and of Underlying of of ship of Security or Date Code Securities Expiration Securities Deriv- deriv- Form In- (Instr. 3) Exer- (Instr. Acquired (A) Date (Instr. 3 and 4) ative ative of direct cise (Month/ 8) or Disposed (Month/Day/ Secur- Secur- Deriv- Bene- Price Day/ of(D) Year) ity ities ative ficial of Year) (Instr. 3, (Instr. Bene- Secur- Owner- Deriv- 4 and 5) 5) ficially ity: ship ative ___________________________________ Owned Direct (Instr. Secur- at End (D) or 4) ity Date Expi- Amount of In- Exer- ra- or Month direct _____________________ cis- tion Title Number (Instr. (I) able Date of 4) (Instr. Code V (A) (D) Shares 4) ____________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________________________ Explanation of Responses: /s/ Isaac Perlmutter 02/12/01 --------------------------------- -------------- ** Signature of Reporting Person Date ** 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. Page 2