FORM 4
[ ]Check box if no longer
subject to Section 16. Form 4
or Form 5 obligations may
continue. See Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
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1. Name and Address of Reporting Person | 2. Issuer Name and Ticker or Trading
Kelly Brian C. | Symbol
(Last) (First) (Middle) |
| Chris-Craft Industries, Inc.
767 Fifth Ave., 46th Floor | (CCN)
(Street) | ------------------------------------
| 3. IRS or Social Security Number of
New York NY 10153 | Reporting Person (Voluntary)
(City) (State) (Zip) |
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4. Statement of Month/Year | 5. If Amendment, Date of Original (Month/Year)
|
07/98 |
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6. Relationship of Reporting | 7. Individual or Joint/Group Filing
Person to Issuer |
(Check all applicable) | x Form filed by one Reporting Person
| ---
Director 10% Owner |
--- --- | --- Form filed by more than one
x Officer (give Other | Reporting Person
--- title below) --- (specify |
below) |
Vice President, Secretary and |
General Counsel |
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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
Date Code Acquired (A) Securities Form: Indirect
(Month/Day/Year) or Disposed Beneficially Direct (D) Beneficial
of (D) Owned at End Indirect (I) or Ownership
of Month
Code V Amount (A) Price
or
(D)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common stock 07/09/98 M 23,179 A 30.1914 D
07/09/98 F 7,396 D -- 23,179 D
3,112 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 Derivative Exercisable
Security of Derivative (Month/ Securities and Expiration
Security Day/Year) Acquired (A) Date
or Disposed of (Month/Day/Year)
(D)
Date Expiration
(A) (D) Exercisable Date
<S> <C> <C> <C> <C> <C> <C> <C>
Employee stock option
(right to buy) 30.1914 07/09/98 M 7,727 07/14/94 07/14/98
30.1914 07/09/98 M 7,726 07/14/95 07/14/98
30.1914 07/09/98 M 7,726 07/14/96 07/14/98
<CAPTION>
7.Title and Amount of Under- 8.Price of 9.Number of 10.Ownership 11.Nature
lying Securities Derivative Derivative Form of of
Security Securities Derivative Indirect
Beneficially Security: Beneficial
Owned at End Direct (D) Ownership
of Month or
Indirect (I)
Title Number
of Shares
<S> <C> <C> <C> <C> <C>
Common stock 7,727 -- -0- D
Common stock 7,726 -- -0- D
Common stock 7,726 -- -0- D
</TABLE>
Explanation of Responses:
* Held in issuer's employee stock purchase plan as of March 31, 1998.
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**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/ Brian C. Kelly August 01, 1998
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**Signature of Reporting Person Date
