UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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).
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Berryessa Donald Oliver
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(Last) (First) (Middle)
26203 Production Avenue, Suite 5
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(Street)
Hayward CA 94545
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
AMERICAN CHAMPION ENTERTAINMENT, INC. (Nasdaq SmallCap Market - "ACEI")
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
April 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)
[ X ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
Vice President
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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>
4. Securities Acquired (A) 5. Amount of 6. Owner-
or Disposed of (D) Securities ship Form:
3. Transac- (Instr. 3, 4 and 5) Beneficially Direct 7. Nature
2. Transac- tion Code -------------------------- Owned at End (D) or of Indirect
tion Date (Instr. 8) (A) of Month Indirect Beneficial
1. Title of Security (Month/Day ------------- or (Instr. 3 (I) Ownership
(Instr. 3) Year) Code V Amount (D) Price and 4) (Instr. 4)(Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock (1) 12/23/97 2,060 A 0 30,160 I By Spouse
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Common Stock 01/27/98 1,000 D $9.50 28,100 I By Spouse
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Common Stock 01/27/98 500 D $9.50 28,100 I By Spouse
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Common Stock 01/28/98 560 D $9.56 28,100 I By Spouse
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Common Stock 02/17/98 400 A $8.50 28,500 I By Spouse
(1) Granted to spouse pursuant to the company's 1997 Stock Plan.
Transaction not previously reported.
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</TABLE>
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* If the form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- Form 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- Securities Date Securities Price Bene- ity: In-
cise 3. Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- 4. or Disposed Expiration Date ----------------- Deriv- Owned (D) or Bene-
1. of action Transac- of (D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date tion Code (Instr. 3, ------------------- or Secur- of direct Owner-
Derivative ative (Month/ (Instr. 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)
- -------------- -------- -------- ------ ---- ----- ----- --------- --------- -------- -------- --------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
/s/ Don Berryessa May 5, 1998
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**Signature of Reporting Person Date
** Intentional misstatements 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.
