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FORM 5+ OMB Approval
U.S. SECURITIES AND EXCHANGE COMMISSION --------------------------
[ ] Check this box if no longer WASHINGTON, D.C. 20549 OMB Number 3235-0362
subject to Section 16. Form Expires: September 30,1998
4 or Form 5 obligations may ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Estimated average burden
continue. See Instruction 1(b). hours per response.....1.0
[ ] Form 3 Holdings Reported Filed pursuant to Section 16(a) of the Securities
[ ] Form 4 Transactions Reported and 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 Person | 2. Issuer Name and Ticker or Trading Symbol | 6. Relationship of Reporting Person
| | to Issuer (Check all applicable)
Parker, III Louis C. | National Processing, Inc. (NAP) | _____ Director _____ 10% Owner
- ------------------------------------------------------------------------------------------| __X__ Officer (give title below)
(Last) (First) (Middle) | 3. IRS or Social | 4. Statement for | _____ Other (specify below)
| Security Number | Month/Year | ________________________
| of Reporting | December 31, 1996 |-----------------------------------------
1231 Durrett Lane | Person (Voluntary) |------------------------| 7. Individual or Joint/Group Reporting
- ----------------------------------------| | 5. If Amendment, Date | (check applicable line)
(Street) | |of Original (Month/Year)| _X_ Form filed by One Reporting Person
| | | ___ Form filed by more than one
Louisville Kentucky 40285 | | | Reporting Person
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(City) (State) (Zip) | Table I - Non Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security | 2.Transaction | 3.Transaction | 4.Securities Acquired (A)| 5.Amount of | 6.Owner-| 7.Nature
(Instr. 3) | Date | Code | or Disposed of (D) | Securities | ship | of
| (Month/Day/ | (Instr. 8) | (Instr. 3, 4, and 5) | Beneficially| Form: | Indirect
| Year) | | | Owned at End| Direct | Bene-
| | -----------------------------------------| of Issuer's | (D) or | ficial
| | | Amount | (A) | Price | Fiscal Year | Indirect| Owner-
| | | | or | | (Instr. 3 | (I) | ship
| | | | (D) | | and 4) |(Instr.4)|(Instr.4)
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Common Stock | | | | | | 6,700 | D |
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Common Stock | | | | | | 3,300++ | I |By Spouse
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<FN>
* If the form is filed by more than one reporting person, see instruction 4(b)(v) (Over)
+ This Form 5 is being filed solely to report year-end holdings, as previously filed on Forms 3 and 4, and does not include any new
transactions or holdings.
++ The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that
the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
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FORM 5 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1.Title of Derivative Security | 2.Conversion | 3.Transaction | 4.Transaction | 5.Number of | 6.Date Exer- | 7.Title and Amount
(Instr. 3) | or Exercise | Date | Code | Derivative | cisable and | of Underlying
| Price of | | (Instr. 8) | Securities | Expiration Date | Securities
| Derivative | (Month/Day/ | | Acquired (A) | (Month/Day/Year) | (Instr. 3 and 4)
| Security | Year) | | or Disposed | |
| | | | of (D) |--------------------------------------
| | | | (Instr. 3, | Date | Expir- | |Amount or
| | | | 4, and 5) | Exer- | ation | Title |Number of
| | | |--------------| cisable | Date | |Shares
| | | | (A) | (D) | | | |
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Stock Option (right to buy) | $16.50 | | | | | | +++ | 8/13/06| Common | 50,000
| | | | | | | | | Stock |
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8.Price of | 9.Number of | 10.Ownership | 11.Nature of |
Derivative | Derivative | Form of | Indirect |
Security | Securities | Derivative | Beneficial |
(Instr. 5) | Beneficially | Security; | Ownership |
| Owned at End | Direct (D) or | (Instr. 4) |
| of Year | Indirect (I) | |
| (Instr. 4) | (Instr. 4) | |
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| 50,000 | D | |
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Explanation of Responses:
/s/ Louis C. Parker February 14, 1997
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*Signature of Reporting Person Date
Louis C. Parker
<FN>
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
+++Options outstanding under Issuer's 1996 Stock Option Plan becoming exercisable as to
one-third of the shares covered thereby on each of the first through the third anniversaries
of the date of the grant.
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this
form are not required to respond unless the form displays a currently valid OMB number.
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