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OMB APPROVAL
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- ------ OMB Number: 3235-0287
FORM 4 Expires: September 30, 1998
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hours per response .... 0.5
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if no
longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1935
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
(Print or Type Responses)
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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
Mihaly Gabe Acorn Products, Inc. (ACRN) Issuer (Check all applicable)
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
Number of Reporting Month/Year X Officer (give Other (Specify
500 Dublin Avenue Person (Voluntary) ---- title --- below)
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(Street) June 1997 President and CEO
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5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original Reporting (Check Applicable Line)
(Month/Year) X Form filed by One Reporting
---- Person
Form filed by More than One
Columbus Ohio 43216 ---- Reporting Person
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(City) (State) (Zip) TABLE 1 -- 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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Common Stock 6/24/97 P 17,925 A $14.00 D
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Common Stock 38,169 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
SEC 1474 (7/96)
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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)
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Date Expira- Amount or
-------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Employee Stock $0 6/24/97 A V 5,784 6/24/97 2/31/04 Common 5,784
Option (right to buy) Stock
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Employee Stock $14.00 6/24/97 A V 20,325 6/24/97 6/24/04 Common 20,325
Option (right to buy) Stock
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Employee Stock $14.00 6/24/97 A V 20,325 6/24/98 6/24/04 Common 20,325
Option (right to buy) Stock
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Employee Stock $14.00 6/24/97 A V 20,325 6/24/99 6/24/04 Common 20,325
Option (right to buy) Stock
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Employee Stock $14.00 6/24/97 A V 20,325 6/24/00 6/24/04 Common 20,325
Option (right to buy) Stock
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Employee Stock $0 Immed. 2/31/03 Common 11,568
Option (right to buy) Stock
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Employee Stock $12.10 Immed. 2/31/03 Common 5,784
Option (right to buy) 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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Employee Stock 5,784 D
Option (right to buy)
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Employee Stock 20,325 D
Option (right to buy)
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Employee Stock 20,325 D
Option (right to buy)
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Employee Stock 20,325 D
Option (right to buy)
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Employee Stock 20,325 D
Option (right to buy)
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Employee Stock 11,568 D
Option (right to buy)
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Employee Stock 5,784 D
Option (right to buy)
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Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Gabe Mihaly 7/3/97
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
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 (7/96)
NA971710.027/5
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 current
valid OMB Number.
NA971710.027/5
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