UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Stone, Roger W.
Stone Container Corporation
150 North Michigan Avenue
Chicago, IL 60601-7568
U.S.A.
2. Issuer Name and Ticker or Trading Symbol
Morton International, Inc. (MII)
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
06/30/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
|10/24/|A |500 |A | |4,500 (1) |D | |
Common Stock |96 | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Phantom Stock |1-for-1 |8/22/|A |59.3081 |A |(2) |(2) |Common Stock|59.3081|$37.937|59.3081 |D | |
Units | |96 | | | | | | | |5 | | | |
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" |1-for-1 |9/9/9|A |8.9464 |A |(2) |(2) |" |8.9464 |$38.187|8.9464 |D | |
" | |6 | | | | | | " | |5 | | | |
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" |1-for-1 |9/30/|A |193.3439 |A |(2) |(2) |" |193.343|$39.437|193.3439 |D | |
" | |96 | | | | | | " |9 |5 | | | |
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" |1-for-1 |10/24|A |36.8098 |A |(2) |(2) |" |36.8098|$40.75 |36.8098 |D | |
" | |/96 | | | | | | " | | | | | |
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" |1-for-1 |11/20|A |36.5854 |A |(2) |(2) |" |36.5854|$41.00 |36.5854 |D | |
" | |/96 | | | | | | " | | | | | |
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" |1-for-1 |12/9/|A |9.3270 |A |(2) |(2) |" |9.3270 |$41.062|9.3270 |D | |
" | |96 | | | | | | " | |5 | | | |
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" |1-for-1 |12/20|A |36.5297 |A |(2) |(2) |" |36.5297|$41.062|36.5297 |D | |
" | |/96 | | | | | | " | |5 | | | |
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" |1-for-1 |12/31|A |186.2596 |A |(2) |(2) |" |186.259|$40.937|186.2596 |D | |
" | |/96 | | | | | | " |6 |5 | | | |
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" |1-for-1 |1/23/|A |53.8922 |A |(2) |(2) |" |53.8922|$41.75 |53.8922 |D | |
" | |97 | | | | | | " | | | | | |
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" |1-for-1 |3/10/|A |9.9916 |A |(2) |(2) |" |9.9916 |$42.625|9.9916 |D | |
" | |97 | | | | | | " | | | | | |
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Phantom Stock |1-for-1 |3/31/|A |178.3626 |A |(2) |(2) |Common Stock|178.362|$42.75 |178.3626 |D | |
Units | |97 | | | | | | |6 | | | | |
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" |1-for-1 |5/1/9|A |931.3918 |A |(2) |(2) |" |931.391|$31.00 |931.3918 |D | |
" | |7 | | | | | | " |8 | | | | |
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" |1-for-1 |6/9/9|A |15.0819 |A |(2) |(2) |" |15.0819|$31.50 |15.0819 |D | |
" | |7 | | | | | | " | | | | | |
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" |1-for-1 |6/26/|A |72.8745 |A |(2) |(2) |" |72.8745|$30.875|72.8745 |D | |
" | |97 | | | | | | " | | | | | |
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</TABLE>
Explanation of Responses:
(1) Consists of 4,500 shares of common stock received pursuant to a
spinoff from (old) Morton International,
Inc. ("old Morton") on a share-for-share
basis.
(2) The phantom stock units were accrued under the Morton International,
Inc. Directors Deferred Compensation
Plan and are to settle upon
retirement.
SIGNATURE OF REPORTING PERSON
/s/ Roger W. Stone
DATE
August 14, 1997
