FLORIDA PANTHERS HOLDINGS INC
4, 1998-02-09
AMUSEMENT & RECREATION SERVICES
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- ------              U.S. SECURITIES AND EXCHANGE COMMISSION                  ------------------------------ 
FORM 4                       WASHINGTON, D.C. 20549                                  QMB APPROVAL 
- ------                                                                       ------------------------------ 
                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP               QMB NUMBER           3235-0287
/ / Check box if no                                                          EXPIRES:      FEBRUARY 1, 1997                     
    longer subject to                                                        ESTIMATED AVERAGE BURDEN
    Section 16. Form 4                                                       HOURS PER RESPONSE     ....0.5
    or Form 5 obligations                                                    ------------------------------ 
    may continue. See
    Instruction 1(b). 

                  Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the 
                  Public Utility Holding Company Act of 1934 or Section 30(f) of the Investment Company Act of 1940               

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<S>                             <C>            <C>                        <C>                <C>          <C>            <C>   
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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
    Pierce         William           M.           Florida Panthers Holdings, Inc.    "PAW"        Issuer (Check all applicable)
- ---------------------------------------------  ----------------------------------------------       Director         10% Owner
  (Last)          (First)          (Middle)    3. IRS or Social Security  4. Statement for      ----              ---
450 East Las Olas Boulevard                       Number of Reporting        Month/Year           X Officer (give    Other (Specify
- ---------------------------------------------     Person (Voluntary)         1-98                ----        title ---       below)
                 (Street)                      -------------------------   ------------------                below)
 Fort Lauderdale,  Florida       33301                                    5. If Amendment,          Senior Vice President and
- ---------------------------------------------                                Date of Original       Chief Financial Officer         
  (City)           (State)           (Zip)                                   (Month/Year)           --------------------------------
                                                                               N/A 
                                                                           ------------------                 
                                                                                                
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                         TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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 1. Title of Security           2. Trans-   3. Transac-  4. Securities Acquired (A)  5.  Amount of Se-    6. Owner-      7. Nature  
  (Instr. 3)                       action      tion         or Disposed of (D)           curities Benefi-    ship           of In-  
                                   Date        Code         (Instr. 3, 4 and 5)          cially Owned at     Form:          direct  
                                               (Instr. 8)                                End of Month        Direct         Benefi-
                                  (Month/                                                (Instr. 3 and 4)    (D) or         cial
                                   Day/   ---------------------------------------                            Indirect       Owner- 
                                   Year)  Code    V      Amount   (A) or    Price                            (I)            ship   
                                                                  (D)                                        (Instr. 4)     (Instr.
                                                                                                                            4)     

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Class A Common Stock                                                                     87,500 sh.             D            N/A
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Class A Common Stock                                                                         45 sh.             I            (1)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.  (Over)

                   (Print or Type Response) SEC 1474 (8-92)
 
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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)

<S>                       <C>          <C>        <C>         <C>              <C>             <C>                   <C>          
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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     (Month/    (Instr. 8)  quired (A) or    Date            (Instr. 3 and 4)      ative     
                             Deriv-       Day/                   Disposed of (D)  (Month/Day/                           Secur-    
                             ative        Year)                  (Instr. 3, 4,    Year)                                 ity       
                             Security                            and 5)                                                 (Instr. 5)
                                                                               -----------------------------------             
                                                                               Date    Expira-            Amount or            
                                                    -------------------------- Exer-   tion       Title   Number of            
                                                    Code  V     (A)     (D)    cisable Date               Shares               
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Stock Options             $10.00/sh.      (2)        --   --     --      --     (2)     11-08-06  Class A     5,000 sh.   --     
                                                                                                  Common Stock
                                                                                                 
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Stock Options             $23.0625/sh.    (3)        --   --     --      --     (3)      4-3-07   Class A    50,000 sh.   --     
                                                                                                  Common Stock

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Stock Options             $17.25/sh.      (4)         A   --     50,000  --     (4)      1-2-08   Class A    50,000 sh.   --     
                                                                                                  Common Stock
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<S>                          <C>                    <C>                         <C>                              
1. Title of Derivative       9. Number of           10. Ownership               11. Nature of                              
   Security                     Derivative              Form of                     Indirect                     
   (Instr. 3)                   Securities              Derivative                  Beneficial                   
                                Beneficially            Security:                   Ownership                    
                                Owned at End            Direct (D)                  (Instr. 4)                   
                                of Month                or Indirect (I)                                          
                                (Instr. 4)              (Instr. 4)                                               
                                                                                 
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Stock Options                     5,000                    D                           N/A
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Stock Options                    50,000                    D                           N/A
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Stock Options                    50,000                    D                           N/A
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Explanation of Responses: (1) Shares are owned by members of the reporting person's immediate family
                              living in the same household. 
                          (2) The options were acquired on November 8, 1996 and vest in four equal annual
                              installations beginning on November 8, 1997.
                          (3) The options were acquired on April 3, 1997 and vest in four equal annual
                              installations beginning on April 3, 1998.
                          (4) The options were acquired on January 2, 1998 and vest in four equal annual
                              installments beginning on January 2, 1999.
 
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.    /s/ William M. Pierce           2-9-98
  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                                                  ------------------------------- -------
                                                                                             **Signature of Reporting Person   Date
                                                                                                   William M. Pierce   

Note. File three copies of this form, one of which must be manually signed.                                               Page 2   
  If space provided is insufficient, see Instruction 6 for procedure.                                             SEC 1474 (8-92)

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