------------------------------ OMB APPROVAL ------------------------------ OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response.........0.5 ------------------------------ U.S. SECURITIES AND EXCHANGE 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(f) 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. -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person Angostura Limited -------------------------------------------------------------------------------- (Last) (First) (Middle) Corner Eastern Main Road & Trinity Avenue -------------------------------------------------------------------------------- (Street) Laventille, Trinidad & Tobago -------------------------------------------------------------------------------- (City) (State) (Zip Code) -------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol Todhunter International, Inc. (AMEX: THT) -------------------------------------------------------------------------------- 3. IRS Identification Number of Reporting Person, if an entity (voluntary) -------------------------------------------------------------------------------- 4. Statement for Month/Day/Year November 26, 2002 -------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) -------------------------------------------------------------------------------- 6. Relationship of Reporting Person to Issuer (Check all applicable) |_| 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 -------------------------------------------------------------------------------- (Over) ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================ 6. 4. 5. Owner- Securities Acquired (A) or Amount of ship 3. Disposed of (D) Securities Form: 7. 2. Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of Transaction Code -------------------------- Owned at End (D) or Indirect 1. Date (Instr. 8) (A) of Month Indirect Beneficial Title of Security (Month/Day/ ----------- or (Instr. 3 (I) Ownership (Instr. 3) Year) Code V Amount (D) Price and 4) (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock, par value $.01 per share 11/26/02 P 595,985 A $12.081 3,580,298(1) D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== Page 1 of 2 ================================================================================ Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================ 10. 9. Owner- 7. Number ship 2. 5. Title and of form of Conver- Number of Amount of Deriv- Deriv- 11. sion Derivative Underlying ative ative Nature or Securities 6. Securities 8. Secur- Secur- of Exer- 4. Acquired Date (Instr. 3 Price ities ity: In- cise 3. Trans- (A) or Exercisable and and 4) of Bene- Direct direct Price Trans- action Disposed Expiration Date ------------- Deriv- ficially (D) or Bene- 1. of action Code of (D) (Month/Day/Year) Amount ative Owned In- ficial Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- at End direct Owner- Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity of Month (I) ship Security Secur- Day/ ------ ---------- Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5.) 4) 5) 5) ------------------------------------------------------------------------------------------------------------------------------------ N/A ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Explanation of Responses: (1) Pursuant to a Stock Purchase Agreement by and between the Reporting Person and A. Kenneth Pincourt, Jr., dated as of November 26, 2002, the Reporting Person will purchase 595,985 shares of common stock of Todhunter International, Inc (the "Shares") from Mr. Pincourt on January 31, 2003 (the "Closing Date"), for the aggregate price of $7,200,000. The Reporting Person and Mr. Pincourt (pursuant to a Form 4 filed on even date herewith) both claim beneficial ownership of the Shares solely for purposes of Section 16 until the Closing Date. ANGOSTURA LIMITED /s/ Godfrey D. Bain 11/27/02 --------------------------------------- ------------------------ ** Signature of Reporting Person Date By: Godfrey D. Bain Title: Executive Director of Finance **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 provided is insufficient, see Instruction 6 for procedure. 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