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
Siegel William D. | Symbol
(Last) (First) (Middle) |
| Chris-Craft Industries, Inc.
767 Fifth Avenue, 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)
|
04/98 |
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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
| ---
x Director 10% Owner |
--- --- | --- Form filed by more than one
x Officer (give Other | Reporting Person
--- title below) --- (specify |
below) |
Senior Vice President |
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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
(Instr.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>
Class B Common Stock 04/21/98 G V 18,000 A -- 624,681 D
6,347 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)
(A) (D) Date Expiration
<S> <C> <C> <C> <C> <C> <C> <C>
<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>
</TABLE>
Explanation of Responses:
*Held in issuer's Employees Stock Purchase Plan as of December 31, 1997.
_____________________________________________________________________________
**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/ William D. Siegel May 01, 1998
- ------------------------------------- -----------------
**Signature of Reporting Person Date
