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U.S. SECURITIES AND EXCHANGE COMMISSION
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
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OMB APPROVAL
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OMB Number 3235-0287
Expires: FEBRUARY 1, 2001
Estimated average burden
hours per response.........1.0
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[_] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person
FUTTERMAN JACK
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(Last) (First) (Middle)
C/O PARTY CITY CORPORATION 400 COMMONS WAY
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(Street)
ROCKAWAY NEW JERSEY 07866
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
PARTY CITY CORPORATION (PCTY)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
6/99
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Chief Executive Officer and Chairman
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4, and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (Month/Day/Year) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON STOCK 1,500 D
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
SFC 1474 (3/91)
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FORM 4 (Continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
2.
Conver- 5.
sion Number of
or Derivative 6.
Exer- 4. Securities Date
cise 3. Trans- Acquired (A) Exercisable and
Price Trans- action or Disposed Expiration Date
1. of action Code of(D) (Month/Day/Year)
Title of Deriv- Date (Instr. (Instr. 3, ------------------
Derivative ative (Month/ 8) 4, and 5) Date Expira-
Security Secur- Day/ ------------ -------------- Exer- tion
(Instr. 3) ity Year) Code V (A) (D) cisable Date
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
STOCK OPTIONS
(RIGHT TO BUY) $ 3.00 6/8/99 A 1,000,000* 6/8/99 6/8/2004
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</TABLE>
<TABLE>
<CAPTION>
10.
9. Owner-
Number ship
of Form
Deriv- of
7. ative Deriv- 11.
Title and Amount Secur- ative Nature
of Underlying 8. ities Secur- of
Securities Price Bene- ity: In-
(Instr. 3 and 4) of ficially Direct direct
---------------- Deriv- Owned (D) or Bene-
1. Amount ative at End In- ficial
Title of or Secur- of direct Owner-
Derivative Number ity Month (I) ship
Security of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C>
STOCK OPTIONS COMMON
(RIGHT TO BUY) STOCK 1,000,000 N/A 1,030,000 D
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Total:
1,030,000
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</TABLE>
Explanation of Responses:
* Granted pursuant to an Option Agreement Between Steven Mandell and the
Reporting Person dated June 8, 1999.
BY: /s/ Jack Futterman July 9, 1999
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Signature of Reporting Person Date
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.