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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
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1. Name and Address of Reporting Person*
BARRETTO LANDON
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(Last) (First) (Middle)
1111 THIRD AVENUE, STE. 2500
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(Street)
SEATTLE WASHINGTON 98101
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
GRIFFIN INDUSTRIES, INC.
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ X ] 10% Owner
[ X ] Officer (give title below) [ ] Other (specify below)
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6. If Amendment, Date of Original (Month/Year)
N/A
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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 Beneficially Owned
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<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
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<S> <C> <C> <C>
common stock 500,000 D
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v)
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Series A Convertible (see (see common stock 2,500,000 (see below) D
Preferred below) below)
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</TABLE>
Explanation of Responses:
* The Company has through Board Action designated a "Series A" Convertible
Preferred Stock, where each Series A Convertible Preferred Stock, upon and
subject to the occurrence of a redemption event or transaction, will convert
into five shares of Common Stock. The Board has approved the following as
acceptable redemption events which activate the conversion rights of the Series
A Convertible Preferred Stock: (a) Any event or transaction, where the
consummation of such event or transaction would constitute a control change of
the corporation; (b) Any tender offer of shares made pursuant to Section 14 of
the Securities Act of 1933 which, upon approval and completion, would effectuate
a significant change of control of the corporation; (c) A liquidation or
dissolution of the Company. The Board has not as of the date of this filing
determined the exercise or conversion price of each Series A Preferred Stock.
/S/ Landon Barretto 8/31/98
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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).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient. See Instruction 6 for procedure.
Alternatively, this form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
Page 2 of 2
(122795DTI)
