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FORM 3 OMB Approval
U.S. SECURITIES AND EXCHANGE COMMISSION --------------------------
WASHINGTON, D.C. 20549 OMB Number: 3235-0104
Expires: September 30, 1998
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Estimated average burden
hours per response... 0.5
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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1. Name and Address of Reporting | 2. Date of Event Re- | 4. Issuer Name and Ticker or Trading Symbol
Person | quiring Statement | National Processing, Inc. (NAP)
Cotsakos Christos M. | (Month/Day/Year) |------------------------------------------------------------------
- ---------------------------------------| | 5. Relationship of Reporting | 6. If Amendment, Date of
(Last) (First) (Middle) | 10/17/96 | Person to Issuer | Original (Month/Day/Year)
Four Embarcadero Place |-------------------------| (Check all applicable) |
2400 Greg Rd. | 3. IRS or Social | _x_ Director _____ 10% Owner|-------------------------------
- ---------------------------------------| Security Number | ___ Officer _____ Other | 7. Ind.or Joint/Group Filing
(Street) | of Reporting | (give title (specify | (Check Applicable Line)
| Person (Voluntary) | below below) | _x_ Form filed by One
| | | Reporting Person
Palo Alto CA 94303 | | ------------------------ | ___ Form filed by More than
| | | One Reporting Person
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(City) (State) (Zip) | TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
|
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1. Title of Security | 2. Amount of Securities | 3. Ownership | 4. Nature of Indirect Beneficial
| Beneficially Owned | Form: Direct | Ownership (Instr. 5)
| (Instr. 4) | (D) or Indirect |
| | (I) (Instr. 5) |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print of Type Responses)
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FORM 3 (CONTINUED)
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1.Title of Derivative Security | 2.Date Exer- | 3.Title and Amount of Securities | 4.Conver- | 5. Owner- | 6. Nature of Indirect
(Instr. 4) | cisable and | Underlying Derivative Security | sion or | ship | Beneficial
| Expiration | (Instr. 4) | Exercise | Form of | Ownership
| Date | | Price of | Deriv- | (Instr. 5)
| (Month/Day/ | | Deriv- | ative |
| Year) | | ative | Security:|
|---------------|----------------------------------| Security | Direct |
|Date | Expir-| | Amount | | (D) or |
|Exer- | ation | Title | or | | Indirect |
|cisable| Date | | Number | | (I) |
| | | | of | | (Instr. 5) |
| | | | Shares | | |
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Stock Option (Right to Buy) | * |10/16/06| Common Stock |25,000 | $20.50 | D |
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Explanation of Responses:
* Option granted under Issuer's 1996 Nonemployee Directors Stock Option Plan becoming exercisable as to one-third of the shares
covered thereby on each of the first through third anniversaries of the date of grant.
/s/ November , 1996
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**Signature of Reporting Person Date
Christos M. Cotsakos
** 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.
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