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- -------- UNITED STATES ECURITIES AND EXCHANGE COMMISSION --------------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
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[X] Check this box if no STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0287
longer subject to Expires: September 30, 1998
Section 16. Form 4 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Estimated average burden
or Form 5 obligations Section 17(a) of the Public Utility Holding Company Act of 1935 hours per response.......... 0.5
may continue. See or Section 30(f) of the Investment Company Act of 1940 --------------------------------
Instruction (b).
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1. Name and Address of 2. Issuer Name and Ticker or 6. Relationship of Reporting Persons to Issuer
Reporting Person* Trading Symbol (Check all applicable)
O'Hara Stephen M. Specialty Catalog Corp. (CTLG) [_] Director [_] 10% Owner
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(Last) (First) (Middle) 3. IRS or Social 4. Statement for X Officer (give Other (specify
Security Number of Month/Year ___ title ___ below)
21 Bristol Drive Reporting Person below)
(Voluntary) December, 1998 Formerly President and Secretary
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(Street) ___ 5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original (Check Applicable Law)
(Month/Year) X Form filed by One Reporting Person
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South Easton MA 02375 -December, 1998- ___ 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
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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 Beneficially Form: Beneficial
(Instr. 8) Owned at (D) Ownership
(Month/ ------------------------------------------- End of Month Direct or- (Instr. 4)
Day/ (A) or (Instr. 3 (I) Indirect
Year) Code V Amount (D) Price and 4) (Instr. 4)
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Common Stock, $0.01 par value
per share 12/28/98 M 182,773 A $0.3072
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Common Stock, $0.01 par value
per share 12/28/98 F 57.788 D $2.875 215,885 D
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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 of
Security (Instr. 3) sion or action action Derivative cisable and Underlying Securities
Exercise Date Code Securities Expiration (Instr. 3 and 4)
Price of (Month/ (Instr. 8) Acquired (A) Date (Month/
Deri- Day/ or Disposed Day/Year)
vative Year) of (D) (Instr. ----------------------------------------
Security 3, 4, and 5) Date Expira- Amount or
-------------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Employee Option to Common
Purchase Common Stock $0.3072 12/28/98 M 182,773 10/17/86 11/30/04 Stock 182,773
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1. Title of Derivative 8. Price 9. Number 10. Ownership 11. Nature of
Security (Instr. 3) of of Form of Indirect
Deri- Deri- Derivative Beneficial
vative vative Security: Ownership
Security Securities Direct (D) (Instr. 4)
(Instr. 5) Beneficially or Indirect
Owned at (I)
End of Month (Instr. 4)
(Instr. 4)
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Employee Option to
Purchase Common Stock -0- D
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Explanation of Responses:
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/s/ Stephen M. O'Hara February 9, 1999
** Intentional misstatements or ------------------------------- ----------------
omissions of facts constitute **Signature of Attorney-in-Fact Date
Federal Criminal Violations. for Reporting Person
See 18 U.S.C. 1001 and
15 U.S.C. 7811(a).
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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 (8-92)
