FORM 4
[ ]Check box if no longer U.S. SECURITIES AND EXCHANGE COMMISSION
subject to Section 16. Washington, D.C. 20549
Form 4 or Form 5 obligations
may continue. See Instruc- STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
tion 1(b).
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
Siegel John C.
(Last) (First) (Middle)
650 California St., 7th Floor
(Street)
San Francisco CA 94108
(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Chris-Craft Industries, Inc. (CCN)
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3. Statement of Month/Year
06/97
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4. If Amendment, Date or Original (Month/Year)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
x Director 10% Owner
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x Officer (give title below) Other
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Senior Vice President below)
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6. Individual or Joint/Group Filing
X Form filed by one Reporting Person
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Form filed by more than one Reporting Person
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Table I - Non-Derivative Securties Acquired, Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
1. Title of security 2.Transaction 3.Transaction 4.Securities 5.Amount of 6.Ownership 7.Nature of
(Inst.3) Date Code Acquired (A) Securities Form: Indirect
(Month/Day/Year) (Instr. 8) or Disposed Beneficially Direct (D) Beneficial
of (D) (Instr. Owned at End Indirect (I) or Ownership
Code V 3,4, and 5) of Month (Instr. 4) (Instr. 4)
(Instr. 3 and 4)
Amount (A) Price
or
(D)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 6/19/97 M 7,284 A 25.7705 D
6/19/97 S 7,284 D 46.1354 --0--
13,522* I By trust
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Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly. (Print or Type Responses)
<PAGE>
FORM 4 (Continued) Table II-Derivative Securities Acquired, Disposed
of, or Beneficially Owned (e.g. puts, calls,
warrants, options, convertible securities)
</TABLE>
<TABLE>
<CAPTION>
1. Title of 2.Conversion or 3.Transaction 4.Transaction 5.Number of 6.Date
Derivative Exercise Price Date Code (Instr. Derivative Exercisable
Security of Derivative (Month/ 8) Securities and Expiration
(Instr.3) Security Day/Year) Acquired (A) Date
or Disposed of (Month/Day/Year)
(D) (Instr.3,
4 and 5) Date Expiration
(A) (D) Exercisable Date
<S> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option
(right to buy) 25.7705 6/16/97 M 7,284 12/04/95 12/03/97
<CAPTION>
7.Title and Amount of Under- 8.Price of 9.Number of 10.Ownership 11.Nature
lying Securities (Instr.3 Derivative Derivative Form of of
and 4) Security Securities Derivative Indirect
(Instr. 5) Beneficially Security: Beneficial
Owned at End Direct (D) Ownership
of Month or (Instr.4)
(Instr.4) Indirect (I)
(Instr.4)
Title Number
of Shares
<S> <C> <C> <C> <C> <C>
Common Stock 7,284 -- 23,747 D
</TABLE>
Explanation of Responses:
*Held in Employees Stock Purchase Plan as of 12/31/96.
**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.
/s/ John C. Siegel July 1, 1997
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**Signature of Reporting Person Date
