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FORM 4
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OMB APPROVAL
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OMB Number 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response ....... 0.5
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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
[_] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Spear James T.
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(Last) (First) (Middle)
677 Larch Avenue
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(Street)
Elmhurst Illinois 60126
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Keebler Foods Company (KBL)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
November, 1998
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[ ] Director [_] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Vice President Finance and Corporate Controller
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7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[_] Form filed by More than One Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock, par value $.01 11/11/98 S 10,000 D $34.00 32,993 D
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</TABLE>
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.
(Form 4-07/98) SEC 1474 (7-97)
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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)
<TABLE>
<CAPTION>
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4, and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option (to Buy) $24.00 2/97 A V 36,630 (1) 02/03/03 Common Stock 36,630 -- 165,611(2) D
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</TABLE>
Explanation of Responses:
(1) Options vest in one-third increments based on achieving certain stock
prices targets and, in any event, on February 2, 2003
(2) 36,630 options were issued pursuant to 1998 Omnibus Stock Incentive Plan
and 128,981 options were issued pursuant to 1996 Stock Option Plan.
/s/THOMAS E. O'NEILL 12/01/98
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**James T. Spear 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 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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SEC 1474 (7-97)
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LIMITED POWER OF ATTORNEY
The undersigned, James T. Spear, 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-infact'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.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of this 16th day of April, 1998.
/s/ James T. Spear
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