UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
(X) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Triantafellou, Michael
2801 Glenda Avenue
Fort Worth, Texas 76117
USA
2. Issuer Name and Ticker or Trading Symbol
FFP Marketing Company, Inc.
FMM
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
December 28, 1997
5. If Amendment, Date of Original (Month/Year)
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 - Retail Operations
7. Individual or Joint/Group Reporting (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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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common shares | | | | | |None | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Options to purchase comm|$2.62 |12/28|J(No|6,666 |A |Note |10/05|Common share|6,666 | |6,666 |D | |
on shares | |/97 |te1)| | |2 |/04 |s | | | | | |
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Options to purchase comm|$2.92 |12/28|J(No|20,000 |A |Note |02/25|Common share|20,000 | |20,000 |D | |
on shares | |/97 |te1)| | |3 |/07 |s | | | | | |
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Explanation of Responses:
Note 1: On December 28, 1997, FFP Partners, L.P., completed a restructuring
under which the non-real estate
assets and businesses previously owned and conducted by FFP Partners were
transferred to FFP Marketing
Company, Inc. In connection therewith, holders of options to purchase units of
FFP Partners received options to
purchase a like number of common shares of FFP Marketing. The terms of the
options so acquired are identical to
the options to purchase FFP Partners units except that the exercise price was
allocated between the options to
acquire FFP Partners units and FFP Marketing common shares based on the
relative closing prices on the American
Stock Exchange of the two securities for the month following the
restructuring.
Note 2: Options are currently
exercisable.
Note 3: Exercisability schedule: 6,667 on February 26, 1998; 6,667 on
February 26, 1999; 6,666 on February 26,
2000.
SIGNATURE OF REPORTING PERSON
Michael Triantafellou
DATE
February 27, 1998
