<PAGE> 1
- ------
FORM 4
- ------
[ ] CHECK THIS BOX IF NO LONGER
SUBJECT TO SECTION 16. FORM 4 OR
FORM 5 OBLIGATIONS MAY CONTINUE.
SEE INSTRUCTION 1(B).
- --------------------------------
OMB APPROVAL
- --------------------------------
OMB Number: 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response.....0.5
- --------------------------------
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
(Print or Type Responses)
- ----------------------------------------- ------------------------------------------- --------------------------------------------
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship to Reporting Person(s) to
Issuer (Check all applicable)
Carden Robin A. ALYN Corporation ("ALYN") X Director X 10% Owner
- ------------------------------------------------------------------------------------- --- ---
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for X Officer (give Other (specify
Number of Reporting Month/Year --- title below) --- below)
Person (Voluntary) 12/97 President and Chief Executive Officer
c/o Alyn Corporation
16761 Hale Avenue
- ---------------------------------------- -------------------------------------------------------------
(Street) 5. If Amendment, 7. Individual or Joint/Group Filing (Check
Date of Original Applicable Line)
Irvine, CA 92606 (Month/Year) N/A X Form filed by One Reporting Person
---
---Form filed by More than One
Reporting Person
- ------------------------------------------------------------------------------------------------------------------------------------
(City) (State) (Zip)
TABLE I--NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- --------------------------------------------------------- --------------------------------------------------------------------------
1. Title of Security 2. Trans 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of
(Instr. 3) action action or Disposed of (D) Securities ship Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial
(Instr. 8) Owned at Direct Owner-
End of Month (D) or ship
Month/ Indirect I
Day/ ------------------------------------------- (Instr. 3 and 4) (Instr. 4) (Instr.4)
Year) (A) or
Code V Amount (D) Price
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock, $.001 par value 12/29/97 P 3,000 A $10.125
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock, $.001 par value 12/30/97 P 2,000 A $10.25
- --------------------------------------------------------- ------------ -------------------------------------------------------------
Common Stock, $.001 par value 12/30/97 P 1,000 A $10.375
- --------------------------------------------------------- ------------ -------------------------------------------------------------
Common Stock, $.001 par value 12/31/97 P 3,000 A $10.375 3,044,500 D
- --------------------------------------------------------- ------------ -------------------------------------------------------------
- --------------------------------------------------------- ------------ -------------------------------------------------------------
- --------------------------------------------------------- ------------ -------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------- ------------ ------- -------- -------------- ---------- -------------- ---
- --------------------------------------------------------- ------------ ------- -------- -------------- ---------- -------------- ---
- --------------------------------------------------------- ------------ ------- -------- -------------- ---------- -------------- ---
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v). SEC 1474 (7-96)
</TABLE>
Page 1 of 2 Pages
<PAGE> 2
<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
-----------------------------------
Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
Explanation of Responses:
**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.
/s/ ROBIN A. CARDEN January 10, 1998
------------------------------- ----------------
**Signature of Reporting Person Date
Robin A. Carden
Page 2
SEC 1474(7/96)
</TABLE>
Page 2 of 2 Pages
