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OMB APPROVAL
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- -------- OMB Number: 3235-0104
FORM 3 Expires: September 30, 1998
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hours per response .... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
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<S> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
Futterman, Jack Statement Trading Symbol of Original
- ---------------------------------------- (Month/Day/Year) Party City Corporation (PCTY) (Month/Day/Year)
(Last) (First) (Middle) 10/8/97 -------------------------------
16315 Vintage Oak Lane ---------------------------- 5. Relationship of Reporting 7. Individual or Joint/
- ---------------------------------------- 3. IRS or Social Security Person to Issuer Group Filing
(Street) Number of Reporting X (Check all applicable) (Check Applicable Line)
Person (Voluntary) ---- Director ____ 10% Owner X Form (Filed by One
Delray Beach Florida 33484 ____ Officer ____ Other Reporting Person)
- -------------------------------------- ------------------------- (give title below) (specify below) -- Form (Filed by More
(City) (State) (Zip) than One Reporting
Person)
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TABLE 1 -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 5)
(Instr. 5)
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Common Stock, $.01 par value per share 1,000 shares D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1473 (8/92)
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FORM 3 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deri- ative
vative Security:
Security Direct
------------------------------------------------- (D) or
Date Expira- Amount or Indirect (I)
Exercis- tion Title Number (Instr. 5)
able Date of Shares
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Option to purchase Common Stock 9/8/98(1) 9/8/2007 Common Stock, $.01 par 15,000 $24.00 D
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value per share
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Explanation of Responses:
(1)
5,000 shares are exercisable as of 9/8/98, an additional 5,000 shares are exercisable as of 9/8/99 and an additional 5,000
shares are exercisable as of 9/8/2000.
/s/ Jack Futterman October 16, 1997
**Intentional misstatements or omissions of facts constitute Federal Criminal ------------------------------ ----------------
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
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. SEC 1473 (8/92)
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