UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Liszt, Lewis N.
100 North Riverside Plaza
Chicago, IL 60606
USA
2. Issuer Name and Ticker or Trading Symbol
Morton International, Inc. (MII)
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
05/31/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Controller
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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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 |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
|5/30/9|M | |800 |A |$13.83 |15,165 |D | |
Common Stock |7 | | | | | | | | |
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<CAPTION>
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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 | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price 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 |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Option (right|$13.83 |5/30/|M | |800 |D |6/29/|6/27/|Common Stock|800 | |9,465 |D | |
to buy) (2) | |97 | | | | |92 |01 | | | | | | |
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" |$11.01 |5/1/9|A | |2,687 |A |7/1/9|6/28/|" |2,687 | |2,687 |D | |
" | |7 | | | | |1 |00 | " | | | | | |
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" |$13.54 |5/1/9|A | |10,357 |A |6/25/|6/24/|" |10,357 | |10,357 |D | |
" | |7 | | | | |93 |02 | " | | | | | |
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" |$21.63 |5/1/9|A | |8,120 |A |8/29/|8/26/|" |8,120 | |8,120 |D | |
" | |7 | | | | |94 |03 | " | | | | | |
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" |$22.66 |5/1/9|A | |8,630 |A |8/28/|8/25/|" |8,630 | |8,630 |D | |
" | |7 | | | | |95 |04 | " | | | | | |
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" |$24.47 |5/1/9|A | |7,845 |A |8/26/|8/24/|" |7,845 | |7,845 |D | |
" | |7 | | | | |96 |05 | " | | | | | |
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" |$29.01 |5/1/9|A | |6,539 |A |8/25/|8/22/|" |6,539 | |6,539 |D | |
" | |7 | | | | |97 |06 | " | | | | | |
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</TABLE>
Explanation of Responses:
(1) Includes 14,365 shares of common stock received pursuant to a spinoff
from (old) Morton International, Inc.
("old Morton") on a share-for-share
basis.
(2) All stock options in Table II consist of conversions pursuant to the
above spinoff from options old Morton
common stock at adjusted share amounts and exercise
prices.
SIGNATURE OF REPORTING PERSON
/s/ Lewis N. Liszt
DATE
06/10/97
