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
Merkel Joelen K.
(Last) (First) (Middle)
5355 Town Center Rd., Suite 200
(Street)
Boca Raton FL 33486
(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. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement of Month/Year
11/97
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5. If Amendment, Date or Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
Director 10% Owner
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x Officer (give title below) Other
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Vice President and Treasurer below)
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7. 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 11/21/97 F V 1,995 D
11/21/97 M V 3,887 A 25.7705 13,883 D
18,805 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 (Month/Day/Year)
(D) (Instr.3,
4 and 5) Date Expir-
Exer- ation
(A) (D) cisable Date
<S> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option
(right to buy) 25.7705 11/21/97 M 3,887 12/04/95 12/03/97
<CAPTION>
7.Title and 8.Price of 9.Number of 10.Ownership 11.Nature
Amount of Derivative Derivative Form of of
Underlying Security Securities Derivative Indirect
Securities (Instr. 5) Beneficially Security: Beneficial
(Instr.3 Owned at End Direct (D) Ownership
and 4) of Month or (Instr.4)
(Instr.4) Indirect (I)
(Instr.4)
Title Number
of Shares
<S> <C> <C> <C> <C> <C>
Common Stock 3,887 -- --0-- D
</TABLE>
Explanation of Responses:
*Held in issuer's Employees Stock Purchase Plan as of 8/31/97.
**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/ Joelen K. Merkel December 4, 1997
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**Signature of Reporting Person Date
