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FORM 4 OMB Approval
UNITED STATES SECURITIES AND EXCHANGE COMMISSION -------------------------
[ ] Check this box if no longer WASHINGTON D.C. 20549 OMB Number: 3235-0287
subject to Section 16. Form Expires: September 30, 1998
4 or Form 5 obligations may STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Estimated average burden
continue. See Instruction 1(b). hours per response .... 0.5
Filed pursuant to Section 16(a) of the Securities 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
(Print or Type Responses)
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1. Name and Address of Reporting | 2. Issuer Name and Ticker or Trading Symbol | 6. Relationship of Reporting Person(s)
Person* | | to Issuer (Check all applicable)
| | _____ Directory _____ 10% Owner
McCully E. Nichol | Keebler Foods Company (KBL) | __X _ Officer (give title below)
- -------------------------------------------------------------------------------------------| _____ Other (specify below)
(Last) (First) (Middle) | 3. IRS or Social | 4. Statement for |
| Security Number | Month/Year | Chief Financial Officer
677 Larch Avenue | of Reporting | October 1998 | and Senior Vice President
- ---------------------------------------| Person (Voluntary) |-------------------------|---------------------------------
(Street) | | 5. If Amendment, |7. Individual or Joint/Group Filing
| | Date of Original | (Check Applicable Line)
Elmhurst Illinois 60126 | | (Month/Year) | X Form filed by One Reporting Person
| | | __ Form filed by More than One
| | | Reporting Person
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(City) (State) (Zip) | TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
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: | In-
| Year) | | | Owned at End| Direct | Direct
| | --------------|--------------------------| of Month | (D) or | Bene-
| | | | Amount | (A) | Price | (Instr. 3 | Indirect| ficial
| | Code | V | | or | | and 4) | (I) | Owner-
| | | | | (D) | | |(Instr.4)| ship
| | | | | | | | |(Instr.4)
- ---------------------------------------|---------------|-------|-------|--------|------|----------|-------------|---------|---------
Common Stock, par value $01 | 10/01/98 | M | |14,000 | A | $1.74 | | D |
- ---------------------------------------|---------------|-------|-------|--------|------|----------|-------------|---------|---------
Common Stock, par value $01 | 10/01/98 | S | |14,000 | D | $28.09 | | |
- ---------------------------------------|---------------|-------|-------|--------|------|----------|-------------|---------|---------
Common Stock, par value $01 | 10/02/98 | M | | 6,000 | A | $1.74 | | D |
- ---------------------------------------|---------------|-------|-------|--------|------|----------|-------------|---------|---------
Common Stock, par value $01 | 10/02/98 | S | | 6,000 | D | $26.44 | | |
- ---------------------------------------|---------------|-------|-------|--------|------|----------|-------------|---------|---------
TOTAL:| | | | | | | 100,318 | |
- ---------------------------------------|---------------|-------|-------|--------|------|----------|-------------|---------|---------
| | | | | | | | |
- ---------------------------------------|---------------|-------|-------|--------|------|----------|-------------|---------|---------
| | | | | | | | |
- ---------------------------------------|---------------|-------|-------|--------|------|----------|-------------|---------|---------
| | | | | | | | |
- ---------------------------------------|---------------|-------|-------|--------|------|----------|-------------|---------|---------
| | | | | | | | |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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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FORM 4 (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 | 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 | | (Instr. 8)| quired (A) or | Date | (Instr. 3 and 4) | ative
| Deriv- | (Month/| | Disposed of (D)| (Month/Day/ | | Secur-
| ative | Day/ | | (Instr. 3, 4, | Year) | | ity
| Security | Year) | | and 5) | | | (Instr. 5)
| | | | |-------------------------------------|
| | | | |Date |Expira- | | Amount or |
| | |-------------------------------|Exer- |tion | Title | Number of |
| | | Code |V | (A) |(D) |cisable|Date | | Shares |
- ------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------
Option (to buy) | $1.74 | 10/01/98 | M | | | 14,000 | immed.| (1) | Common | 14,000 | -
| | | | | | | | | Stock | |
- ------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------
Option (to buy) | $1.74 | 10/02/98 | M | | | 6,000 | immed.| (1) | Common | 6,000 | -
| | | | | | | | | Stock | |
- ------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------
TOTAL: | | | | | | | | | | |
- ------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------
| | | | | | | | | | |
- ------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------
| | | | | | | | | | |
- ------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------
| | | | | | | | | | |
- ------------------------|-------------|----------|-------|----|--------|---------|-------|--------|--------|-----------|------------
| | | | | | | | | | |
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9. Number of | 10. Ownership | 11. Nature of
Derivative | Form of | Indirect
Securities | Derivative | Beneficial
Beneficially | Security: | Ownership
Owned at End | Direct (D) | (Instr. 4)
of Month | or Indirect (I) |
(Instr. 4) | (Instr. 4) |
- ------------------|---------------------|-----------------
| D | -
- ------------------|---------------------|-----------------
| D | -
- ------------------|---------------------|-----------------
280,956 | |
- ------------------|---------------------|-----------------
| |
- ------------------|---------------------|-----------------
| |
- ------------------|---------------------|-----------------
| |
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Explanation of Responses:
(1) Upon the earlier of (a) ten (10) years from the date or grant or (b) second anniversary after termination of service.
/s/ THOMAS E. O'NEILL 10-05-98
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**E. Nichol McCully Date
By: Thomas E. O'Neill, as
Attorney-In-Fact
____________
** 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 is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this Page 2
form are not required to respond unless the form displays a currently valid OMB Number. SEC 1474 (7/97)
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LIMITED POWER OF ATTORNEY
The undersigned, E. Nichol McCully, hereby constitutes and appoints
Thomas E. O'Neill and Nichol McCully, and each of them, with full power of
substitution and resubstitution, as his true and lawful attorneys-in-fact and
agents to:
(1) execute and deliver for and on behalf of the undersigned (i)
any and all Forms 3, 4 and 5 relating to Keebler Foods Company
(the "Company") required to be filed in accordance with
Section 16(a) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act") and the rules thereunder and (ii)
any and all schedules relating to the Company required to be
filed in accordance with Section 13(d) of the Exchange Act and
the rules thereunder (together, the "Forms and Schedules"), in
the undersigned's capacity as an officer, director and/or
controlling person of the Company and in and all other
capacities pursuant to which such Forms and Schedules may be
required to be filed by the undersigned;
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete
and execute any such Forms and timely file such Forms and
Schedules with the Securities and Exchange Commission and any
stock exchange or similar authority; and
(3) take any other action of any type whatsoever in connection
with the foregoing which, in the opinion of such
attorney-in-fact, may be of benefit to, in the best interest
of, or legally required by, the undersigned, it being
understood that the documents executed by such
attorney-in-fact on behalf of the undersigned pursuant to this
power of attorney shall be in such form and shall contain such
terms and conditions as such attorney-in-fact may approve in
such attorney-in-fact's discretion.
The undersigned hereby grants to such attorneys-in-fact and agents full
power and authority to do and perform any and every act and thing whatsoever
requisite, necessary or proper to be done in the exercise of any of the rights
and powers herein granted, as fully to all intents and purposes as the
undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorneys-in-fact and agents, or his substitute or substitutes, shall lawfully
do or cause to be done by virtue of this power of attorney and the rights and
powers herein granted. The undersigned acknowledges that the foregoing
attorneys-in-fact and agents, in serving in such capacity at the request of the
undersigned, are not assuming any of the undersigned's responsibilities to
comply with Section 16 or Section 13(d) of the Exchange Act.
This power of attorney shall remain in full force and effect until the
undersigned is no longer required to file the Forms and Schedules with respect
to the undersigned's holdings of and transactions in securities issued by the
Company, unless earlier revoked by the undersigned in a signed writing delivered
to the foregoing attorneys-in-fact and agents.
[signature page follows]
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IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of this 20th day of April, 1998.
/s/ E. Nichol McCully
