------ FORM 4 ------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION --------------------------------------- WASHINGTON, DC 20549 OMB APPROVAL --------------------------------------- STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0287 / / CHECK BOX IF NO Expires: Pending LONGER SUBJECT TO Filed pursuant to Section 16(a) of the Securities Estimated average burden SECTION 16. FORM 4 Exchange Act of 1934, Section 17(a) of the hours per response ................ 0.5 OR FORM 5 OBLIGATIONS Public Utility Holding Company Act of 1935 MAY CONTINUE. SEE or Section 30(f) of the Investment Company INSTRUCTION 1(b). Act of 1940 ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to Beshouri Peter Tweeter Home Entertainment Group, Inc. TWTR Issuer (Check all applicable) --------------------------------------------- ---------------------------------------------- X Director 10% Owner (Last) (First) (Middle) 3. IRS Identification 4. Statement for ---- --- 40 Pequot Way Number of Reporting Month/Year X Officer (give Other (Specify --------------------------------------------- Person, if an Entity 12/2001 ---- title --- below) (Street) (Voluntary) ------------------ below) Canton, MA 02021 5. If Amendment, --------------------------------------------- Date of Original President of Sound Advice, Inc. (an (City) (State) (Zip) (Month/Year) indirect wholly owned subsidiary ------------------ of Tweeter) ------------------------------------- 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 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature (Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In- Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct (Instr. 8) End of Month Direct Benefi- (Month/ (Instr. 3 and 4) (D) or cial Day/ --------------------------------------- Indirect Owner- Year) Code V Amount (A) or Price (I) ship (D) (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 12/6/01 S 12,100 D 26.0451 0 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 12/7/01 S 100,000 D 27.0861 0 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 12/10/01 S 80,000 D 27.2253 0 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 12/11/01 S 5,000 D 27.56 0 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 12/12/01 S 6,400 D 27.06 0 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 12/14/01 S 2,500 D 27.06 0 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 12/17/01 S 60,000 D 27.0933 0 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 12/18/01 S 30,000 D 27.1118 0 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 12/19/01 S 45,067 D 27.3357 0 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 12/20/01 S 11,500 D 27.20 0 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 12/28/01 P(1) 10,000 A 1.69 0 D ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 12/28/01 S 10,000 D 29.30 0 D ------------------------------------------------------------------------------------------------------------------------------------ *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. (Over) (Print or Type Response) FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price Security sion or action action Derivative cisable and of Underlying of (Instr. 3) Exercise Date Code Securities Expiration Securities Deriv- Price of (Month/ (Instr. Acquired (A) Date (Instr. 3 and 4) ative Deriv- Day/ 8) or Disposed (Month/Day/ Secur- ative Year) of (D) Year) ity Security (Instr. 3, (Instr. 5) 4, and 5) ----------------------------------- Date Expira- Amount or ---------------------------- Exer- tion Title Number of Code V (A) (D) cisable Date Shares ------------------------------------------------------------------------------------------------------------------------------------ Common Option 1.69 12/28/01 X 10,000 8/1/01 Stock 10,000 1.69 ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 9. Number of 10. Ownership 11. Nature of Security Derivative Form of Indirect (Instr. 3) Securities Derivative Beneficial Beneficially Security: Ownership Owned at End Direct (D) (Instr. 4) of Month or Indirect (I) (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------- 170,000 D ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- Explanation of Responses: (1) Exercise of Incentive Stock Options. **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. * See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- ------ - Peter Beshouri **Signature of Reporting Person Date * By: /s/ Joseph McGuire 1/10/02 ------------------------------- ------- Joseph McGuire Date Attorney-in-Fact Note. File three copies of this form, one of which must be manually signed. Page 2 If space provided is insufficient, see Instruction 6 for procedure.