FORM 4

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

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

(Print or Type Responses)

Name and Address of Reporting
Person*

Issuer Name and Ticker or
Trading Symbol

IRS or Social Security Number of Reporting
Person (Voluntary)

Fox Martin

Initio, Inc. (INTO)

(Last) (First) (Middle)

972 Phyllis Lane

Statement for Month/Day/Year

If Amendment, Date of Original (Month/Year)

September 27, 2002

(Street)

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

Individual or Joint/Group Filing
(check applicable line)

Oradell, New Jersey 07649

(City) (State) (Zip)

Director

10% Owner

Form Filed by One Reporting Person

Officer (give title below)

Form Filed by More than One Reporting Person

Other (specify below)

President

Table I — Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

Title of Security
(Instr. 3)

Transaction
Date
(Month/Day/Year)

Transaction
Code
(Instr. 8)

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

Amount of
Securities Beneficially
Owned at End of Month
(Instr. 3 and 4)

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

Nature of
Indirect
Beneficial
Ownership
(Instr. 4)

Code

Amount

(A) or
(D)

Price

Common Stock, $0.01 par value

09/27/02

P**

600

$1.07

134,496

Martin Fox Retirement Trust

Common Stock, $0.01 par value

1,034,805

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).
** This was a purchase by the Martin Fox Retirement Trust.

(Over)
SEC 1474 (7/96)

FORM 4 (continued)

Table II — Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)

Title of Derivative Security
(Instr. 3)

Conversion or Exercise
Price of Derivative Security

Transaction Date
(Month/Day/Year)

Transaction Code
(Instr. 8)

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

Code

(A)

(D)

Option(Right to Buy)

$1.95

3/25/98

250,000

Option(Right to Buy)

$0.91

5/15/2002

150,000

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

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

Price of Derivative
Security
(Instr. 5)

Number of Derivative Securities
Beneficially Owned at End of Month
(Instr. 4)

10.

Ownership Form of
Derivative Security;
Direct (D) or Indirect (I)
(Instr. 4)

11.

Nature of
Indirect
Beneficial
Ownership
(Instr. 4)

Date
Exercisable

Expiration
Date

Title

Amount or
Number of
Shares

3/25/98

3/24/08

Common Stock

250,000

5/15/02 ++

5/14/12

Common Stock

150,000

400,000

Explanation of Responses: ++Currently exercisable to the extent of 1/2 with the balance becoming exercisable on April 30, 2003.

/s/ Martin Fox		9/30/2002
**Signature of Reporting Person Martin Fox		Date


**		Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

If space provided 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.

SEC 1474 (7/96)

INITIO INC 4