U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
Check this box if no longer STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
subject to Section 16. Form 4
or Form 5 obligations may
continue. See Instruction 1(b). 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
1. Name and Address of 2.Issuer Name and 6.Relationship of Reporting
Reporting Person Ticker or Trading Symbol Person(s) to Issuer(Check all applicable)
Shepherd Benjamin A. Lincoln Logs Ltd./LLOG _____ Director ____ 10% Owner
(Last) (First) (Middle) 3. IRS or 4. Statement for __X__ Officer (give ____ Other (specify
Social Month / Year title) below)
88 Garden Street Security 3/03 VP-Corp. Development
(Street) Number of
Reporting 5. If Amendment, 7. Individual or Joint/Group Filing
Cambridge MA 02138 Person Date of Original (Check Applicable Line)
(City) (State) (Zip) (Voluntary) (Month / Year) _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.Title of 2.Trans- 2A.Deemed 3.Trans- 4.Securities Acquired(A) 5.Amount of 6.Owner- 7.Nature
Security action Execution action or Disposed of(D) Securities ship of In-
(Instr.3) Date Date, if Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Month/ any (Instr. 8) Owned Follow- Direct Bene-
Day/ (Month/ ing Reported (D) or ficial
Year) Day/ Transaction(s) Indirect Owner-
Year) Amount (A) or Price (Instr. 3 & 4) (I) ship
(D) (Instr. 4)(Instr. 4)
Common Stock 3/24/03 P 10,000 A $0.48 21,000 D
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
Form 4 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
____________________________________________________________________________
1.Title of 2.Conver- 3.Trans- 3A. 4.Transac- 5.Number of 6.Date Exer- 7.Title and 8.Price 9. Number 10.Owner- 11.Na-
Derivative sion or action Deemed tion Code Derivative cisable and Amount of of of Deriv- ship ture
Security Exercise Date Execution Securities Expiration Underlying Deriv- ative Form of In-
(Instr. 3) Price of (Month/ Date, if (Instr. 8) Acquired(A) Date Securities ative Secur- of De- direct
Deriv- Day/ any or Disposed (Month/Day (Instr 3 Secur- ities rivative Bene-
ative Year) (Month/ of(D) /Year) and 4) ity Bene- Secur- ficial
Security Day/ (Instr 3, (Instr. ficially ity: Own-
Year) 4 and 5) 5.) Owned Direct ership
Follow- (D) or (Instr
Date Expira- Amount ing Indi- 4)
Exer- tion Title or Num- Reported rect (I)
(A) (D) cisable Date ber of Trans- (Instr 4)
Shares action(s)
______________________________________________________________________________
Explanation of Responses:
/S/ Benjamin A. Shepherd March 27, 2003
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** Intentional misstatements or
omissions of facts constitute Federal
Criminal Violations. ** Signature of Reporting Person Date
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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