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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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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(1) of the Investment Company Act of 1940
[ ] Check this box if no longer subject of 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
LAUBER DAVID E.
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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
12/98
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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)
Executive Vice President and Chief Financial Officer
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Table 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED
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<TABLE>
<CAPTION>
6. Owner-
4. Securities Acquired (A) or 5. Amount of ship
Disposed of (D) Securities Form:
2. Transaction 3. Transaction (Instr. 3, 4 and 5) Beneficially Direct 7. Nature of
Date Code ------------------------------- Owned at End (D) or Indirect
(Month/ (Instr. 8) (A) of Month Indirect Beneficial
1. Title of Security Day/ ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) 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 12/1/98 S 2,000 D 15 7/8
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Common Stock 12/2/98 S 3,500 D 15 7/8
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Common Stock 12/2/98 S 4,500 D 15.0968
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Common Stock 12/7/98 S 13,000 D 16 1/2
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Common Stock 12/8/98 S 5,500 D 15.6364
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Common Stock 12/11/98 S 9,000 D 14 3/8
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Common Stock 12/11/98 S 1,000 D 14 3/8 NONE N/A
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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>
9. Number 10. Owner-
of ship
Deriv- Form of
ative Deriv-
2. Conver- 5. Number of 7. Title and Amount Secur- ative 11. Nat-
sion or Derivative of Underlying ities Secur- ure of
Exer- Securities 6. Date Securities 8. Price Bene- ity: In-
cise 4. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price 3. Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
1. Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4, and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Options Common
(right to purchase) Stock 121,500 D
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</TABLE>
Explanation of Responses:
By: /s/ David E. Lauber January 7, 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.
