FORM 4

FORM 4

£ Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may
continue. See Instruction 1(b).

(Print or Type Responses)

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(f) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person*

     Kervandjian, Ara M.

2. Issuer Name and Ticker or Trading Symbol

Uni-Marts, Inc. UNI

6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_ Director _ 10% Owner
X Officer (give ___ Other (specify below)
title below)

 Executive Vice President of Strategy
and Corporate Development

(Last) (First) (Middle)
c/o Uni-Marts, Inc.
477 East Beaver Avenue

3. I.R.S. Identification Number of
Reporting Person, if an entity
(voluntary)

     117-66-4668

4. Statement for Month/Year

September 2002

(Street)

State College, PA 16801

5. If Amendment, Date of Original
(Month/Year)

7. 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

(Month/Day/
Year)

3. Transaction
Code
(Instr. 8)

4. Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)

5. Amount of
Securities
Beneficially
Owned at
End of
Month

(Instr. 3 and 4)

6. Ownership
Form:
Direct (D) or
Indirect (I)
(Instr. 4)

7) Nature of Indirect
Beneficial Ownership

Code

V

Amount

(A) or (D)

Price

Common Stock

            

52,509

D

  

Common Stock

            

6,800

I

By SEP Account
                   
                   
                   
                   
                   
                   
                   
                   

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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. Conver-
sion or
Exercise
Price of
Deri-
vative
Security

3. Trans
action
Date


(Month/Day/
Year)

4. Trans
action
Code
(Instr. 8)

5. Number of Deriv-
ative Securities Ac-
quired (A) or Dis-
posed of (D)
(Instr. 3, 4 and 5)

6. Date Exercisable
and Expiration Date
(Month/Day/Year)

7. Title and Amount of
Underlying Securities
(Instr. 3 and 4)

8. Price
of
Deri-
vative
Secur-
ity
(Instr.
5)

9. Number
of deriv-
ative
Secur-
ities
Bene-
ficially
Owned at
End of
Month
(Instr. 4)

10. Owner-
ship
Form of
Deriv-
ative
Security
Direct
(D) or
Indirect
(I)
(Instr.4)

11.Nature
of
Indirect
Benefi-
cial
Owner-
ship
(Instr.4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of
Shares

Option - Right to Buy

$2.10

          

(1)

10/08/11

Common Stock

100,000

  

100,000

D

  

Option - Right to Buy

$1.40

09/18/02

A

  

12,500

  

9/18/03

09/17/12

Common Stock

12,500

  

12,500

D

  

Option - Right to Buy

$1.40

09/18/02

A

  

12,500

  

9/18/04

09/17/12

Common Stock

12,500

  

12,500

D

  
                             
                             
                             
                             
                             
                             
                             
                             
                             

Explanation of Responses:
(1) One-Half becomes exercisable on 10/09/02 and one-half on 10/09/03.
 

/S/ Ara M. Kervandjian
**Signature of Reporting Person

October 7, 2002

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).

Note:

File three copies of this Form, on of which must be manually signed. If space is insufficient, see Instruction 6 for procedure

 

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