U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL 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).
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1. Name and Address of Reporting Person
Miller Michael C.
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(Last) (First) (Middle)
Post Office Box 1167
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(Street)
Asheboro NC 27204
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(City) (State) (Zip Code)
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2. Issuer Name and Ticker or Trading Symbol
B.B. Walker Company
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3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
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4. Statement for Month/Year
Fiscal Year Ended October 31, 1998
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5. If Amendment, Date of Original (Month/Year)
Not Applicable
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6. Relationship of Reporting Person to Issuer (Check all applicable)
[ X ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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<TABLE>
<CAPTION>
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED
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1. Title of 2. Transaction 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of
Security Date Code or Disposed of (D) Securities Form: Indirect
(Instr. 3) (MM/DD/YY) (Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct(D) or Beneficial
Owned at Indirect (I) Ownership
End of Issuer's (Instr. 4) (Instr. 4)
Fiscal Year
(A) or (Instr. 3 and 4)
Code V Amount (D) Price
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | |
- -------------------|----------------|----------------|---------------------------|----------------|---------------|------------
| | | | | |
- -------------------|----------------|----------------|---------------------------|----------------|---------------|------------
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
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<TABLE>
<CAPTION>
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g. puts, calls, warrants, options, convertible securities)
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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Title of Conver- Trans- Trans- Number of Date Exer- Title and Amount Price Number Owner- Nature
Derivative sion or action action Derivative cisable and of Underlying of of Deriv- ship of
Security Exercise Date Code Securities Expiration Securities Deriv- ative Form of Indirect
(Instr. 3) Price of (M/D/Y) (Instr.8) Acquired (A) Date (Instr.3 and 4) ative Secur- Deriv- Bene-
Deriv- or (M/D/Y) Secur- ities ative ficial
ative Disposed (D) ity Bene- Security: Owner-
Security (Instr.3,4,5) (Inst.5) ficially Direct(D) ship
Amount Owned at or Indi- (Inst.4)
or End of rect(I)
Date Expir- Number Year (Instr.4)
Exer- ation of (Instr.4)
Code V (A) (D) cisable Date Title Shares
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option
(Right to
Buy) $.63 3/16/98 A 1,000 * 3/16/08 Common 1,000 $.63 4,000 D N/A
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</TABLE>
Explanation of Responses:
*May be exercised anytime prior to expiration.
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/s/ MICHAEL C. MILLER 12/14/98
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C.
78ff(a).
