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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.........0.5
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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
MANDELL STEVEN
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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 [X] 10% Owner
[ ] Officer (give title below) [_] Other (specify below)
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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 2,457,500* D
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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
(obligation to sell) $3.00 6/8/99 S 1,000,000 6/8/99* 6/8/2004
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<TABLE>
<CAPTION>
7.
Title and Amount 9. 10.
of Underlying Number of Ownership
Securities Derivative Form of 11.
1. (Instr. 3 and 4) 8. Securities Derivative Nature of
Title of ------------------- Price of Beneficially Security: Indirect
Derivative Amount or Derivative Owned at End Direct (D) or Beneficial
Security Number of Security of Month Indirect (I) Ownership
(Instr. 3) Title Shares Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C>
STOCK OPTIONS COMMON
(obligation to sell) STOCK 1,000,000 * D
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</TABLE>
Explanation of Responses:
* Granted to Jack Futterman pursuant to an option agreement between Steven
Mandell and Jack Futterman dated June 8, 1999.
BY: /s/ Steven Mandell 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.
