Name: Christopher P. Elliott
Address: 4893 Riverdale Rd., Suite 260
Atlanta, GA 30337
Company: Morrison Fresh Cooking, Inc. (MFC)
Position: Director/Officer - President
Statement for
Month/Year: July 16, 1996
NON-DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security: Common Stock
Transaction Date:
Transaction Code:
Security Acquired (A)
or Disposed (D) of:
Amount:
Price:
Ownership Form: Direct
AMOUNT OF SECURITIES BENEFICIALLY
OWNED AT END OF MONTH: 37,419 - Direct
2. Title of Security: Common Stock
Transaction Date:
Transaction Code:
Security Acquired (A)
or Disposed (D) of:
Amount:
Price:
Ownership Form: Indirect
AMOUNT OF SECURITIES BENEFICIALLY
OWNED AT END OF MONTH: 950 - Indirect
Nature of Indirect Beneficial Ownership: Held in IRA for self
DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security: Employee Stock Option (Right to Buy)
Conversion or
Exercise Price of
Derivative Security: $7.7500
Transaction Date: 3-26-96
Transaction Code: A*
Number of Derivative
Securities Acquired
(A) or Disposed (D) of: 120,000 - Acquired
Date Exercisable: 3-26-99
Expiration Date: 3-26-2004
Title: Common Stock
Amount of Shares: 120,000
Price of Derivative
Security: $7.7500
NUMBER OF DERIVATIVE SECURITIES
BENEFICIALLY OWNED AT END OF MONTH: 120,000
Ownership Form of Derivative Security
Direct (D) or Indirect (I): D
*Reporting Person received a grant of a stock option from the Company's
Executive Stock Option Program pursuant to Morrison Fresh Cooking, Inc.'s
Stock Incentive Plan subject to approval by Shareholders, in reliance upon
the exemption provided by former rule 16b-3. Option may be exercised up to
one (1) year sooner if Company financial goals are met in accordance with
the terms of the Plan or immediately upon certain changes of control of the
Company. If Reporting Person achieves target ownership of Company Common
Stock, Reporting Persons will be eligible for future stock-based incentive
programs in accordance with the terms of the Plan. Option can terminate
sooner in certain termination of employment situations.
