FORM 4
[ ] 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 OF SECURITIES
                                                                                  
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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
                      

1. Name and Address of Reporting Person *

FEINSOD MICHAEL 		2. Issuer Name and Ticker or Trading Symbol

AMERITRANS CAPITAL CORP [ AMTC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
CEO and President
(Last)          (First)          (Middle)

50 JERICHO QUADRANGLE, SUITE 109 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/1/2010
(Street)

JERICHO, NY 11753
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. 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
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.0001 par value   (1) 12/1/2010     P    848500   A $1.21   (2) 1078755   I   See footnote   (3)
Common Stock, $.0001 par value                  23450   I   See footnote   (4)
Common Stock, $.0001 par value                  14000   I   See footnote   (5)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants   $6.44   12/1/2010     A      66250       12/1/2010   12/5/2010   Common Stock   66250     (2) 66250   I   See footnote   (3)
Warrants   $6.44   12/1/2010     A      147425       12/1/2010   2/27/2011   Common Stock   114475     (2) 147425   I   See footnote   (3)
Warrants   $6.44                    12/1/2010   12/5/2010   Common Stock   2500     2500   I   See footnote   (5)

Explanation of Responses:
( 1)  This Form 4 is being filed by the undersigned as well as the entities listed on the Joint Filer Information Statement attached as an exhibit hereto (the "Reporting Persons").
( 2)  All transactions reported herein were effected in one privately-negotiated transaction for an aggregate purchase price of $1,026,685. All purchases will be consummated on December 31, 2010.
( 3)  Represents securities held by Infinity Capital Partners, L.P. ("Infinity Partners"). Mr. Feinsod is the managing member of Infinity Capital, LLC, the general partner of Infinity Partners, and the managing member of Infinity Management, LLC, the investment manager of Infinity Partners. Each Reporting Person disclaims Section 16 beneficial ownership of such shares to the extent above his/its pecuniary interest therein.
( 4)  Represents shares held in Mr. Feinsod's IRA account.
( 5)  Represents securities held by Shoulda Partners L.P., of which Mr. Feinsod is the general partner. Mr. Feinsod disclaims Section 16 beneficial ownership of such shares to the extent above his pecuniary interest therein.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
FEINSOD MICHAEL
50 JERICHO QUADRANGLE
SUITE 109
JERICHO, NY 11753 		X X CEO and President

Signatures
/s/ Michael Feinsod 12/1/2010
** Signature of Reporting Person Date


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).
** 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 is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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