------------------------------ OMB APPROVAL ------------------------------ OMB Number 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response ....... 0.5 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 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(h) of the Investment Company Act of 1940 [_] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). ________________________________________________________________________________ 1. Name and Address of Reporting Person* MARCUS, STEPHEN H. -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o THE MARCUS CORPORATION 250 EAST WISCONSIN AVENUE, SUITE 1700 -------------------------------------------------------------------------------- (Street) MILWAUKEE, WI 53202 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol THE MARCUS CORPORATION (NYSE: MCS) ________________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) ________________________________________________________________________________ 4. Statement for Month/Day/Year March 21, 2003 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Day/Year) ================================================================================ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [X] 10% Owner [X] Officer (give title below) [_] Other (specify below) President, Chairman of the Board and CEO ________________________________________________________________________________ 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 ==================================================================================================================================== 5. 6. 2A. 4. Amount of Owner- Deemed Securities Acquired (A) or Securities ship 2. Execution 3. Disposed of (D) Beneficially Form: 7. Transaction Date, if Transaction (Instr. 3, 4 and 5) Owned Follow- Direct Nature of Date any Code ------------------------------- ing Reported (D) or Indirect 1. (Month/ (Month/ (Instr. 8) (A) Transaction(s) Indirect Beneficial Title of Security Day/ Day/ ------------ Amount or Price (Instr. 3 (I) Ownership (Instr. 3) Year) Year) Code V (D) and 4) (Instr.4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 21,895 D ------------------------------------------------------------------------------------------------------------------------------------ By 401(k) Common Stock 3,821.33(1) I Plan ------------------------------------------------------------------------------------------------------------------------------------ Trustee for Ida Lowe Common Stock 6,003 I Family Trust ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 3/21/03 S 3,000 D $15.30 See below I (2) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 3/24/03 S 300 D $15.10 See below I (2) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 3/24/03 S 400 D $15.05 See below I (2) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 3/24/03 S 400 D $15.00 21,500 I (2) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== 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). Persons who respond to the collection of information contained in this form are not required to respond (Over) unless the form displays a currently valid OMB control number. SEC 1474 (9-02) FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ==================================================================================================================================== 10. 9. Owner- Number ship of Deriv- Form 2. ative of Conver- 5. 7. Secur- Deriv- 11. sion Number of Title and Amount ities ative Nature or 3A. Derivative 6. of Underlying 8. Benefi- Secur- of Exer- Deemed 4. Securities Date Securities Price cially ity: In- cise 3. Execu- Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Owned Direct direct Price Trans- tion action or Disposed Expiration Date ---------------- Deriv- Following (D) or Bene- 1. of action Date, Code of(D) (Month/Day/Year) Amount ative Reported In- ficial Title of Deriv- Date if any (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner- Derivative ative (Month/ (Month/ 8) 4 and 5) Date Expira- Number ity action(s) (I) ship Security Secur- Day/ Day/ ------ ------------ Exer- tion of (Instr (Instr (Instr (Instr (Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ Class B Common Stock 1 for 1 Immed * 2,547,458 D ------------------------------------------------------------------------------------------------------------------------------------ Class B Joint with Common Stock 1 for 1 Immed * 208,315 I wife ------------------------------------------------------------------------------------------------------------------------------------ Class B Common Stock 1 for 1 Immed * 77,560 I By wife ------------------------------------------------------------------------------------------------------------------------------------ Class B By wife Common Stock 1 for 1 Immed * 652,179 I as trustee ------------------------------------------------------------------------------------------------------------------------------------ Class B Common Stock 1 for 1 Immed * 210,078 I As trustee ------------------------------------------------------------------------------------------------------------------------------------ By wife Class B and self Common Stock 1 for 1 Immed * 107,621 I as trustees ------------------------------------------------------------------------------------------------------------------------------------ Class B Common Stock 1 for 1 Immed * 1,328,141 I (2) ------------------------------------------------------------------------------------------------------------------------------------ Class B Common Stock 1 for 1 Immed * 1,527,915 I (3) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== Explanation of Responses: * Common Stock (1) Balance reflects the most current data available with regard to the reporting person's holdings in the 401(k) plan. (2) As co-trustee with sister of the shares held by the Ben and Celia Marcus 1992 Revocable Trust. (3) As co-trustee with sister of the shares held by the Ben Marcus Life Trust. STEPHEN H. MARCUS ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Ralph J. Gundrum 3/25/03 ------------------------------------- ---------- See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ** Signature of Reporting Person Date By Ralph J. Gundrum, attorney-in-fact Note: File three copies of this Form, one of which must be manually signed. If space 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