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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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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 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
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 [ X ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Chairman of the Board of Directors, Chief Executive Office and President
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.Own-
4. Securities Acquired (A) or 5.Amount of ership
Disposed of (D) Securities Form:
3. Trans- (Instr. 3, 4 and 5) Beneficially Direct 7. Nature
action Code ------------------------------- Owned at End (D) or of Indirect
2. Trans- (Instr. 8) (A) of Month Indirect Beneficial
1. Title of Security action Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) 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 12/10/98 S 20,000 D 14 3/8
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Common Stock 12/10/98 S 5,000 D 14 11/16 2,457,500 D
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(over)
SFC 1474 (3/91)
(Print or Type Responses)
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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. Num- 10. Own-
ber of ership
Deriv- of
2. Con- . ative Deriv-
version 5.Number of 7. Title and Amount Secur- ative 11.Na-
of Derivative of Underlying ities Secur- ture
Exer- Securities 6. Date Securities 8.Price Bene- ity: of In-
cise 3. Tran- 4.Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price sac- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
of tion 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>
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</TABLE>
Explanation of Responses:
By: /s/ Steven Mandell 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.
