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
ion 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| 2. Issuer Name and Ticker or Trading
Linowes David F. | Symbol
(Last) (First) (Middle)| Chris-Craft Industries, Inc. (CCN)
803 Fairway Drive |--------------------------------------
(Street) |3. IRS or Social Security Number of
Champaign IL 61820| Reporting Person (Voluntary)
(City) (State) (Zip)|
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4. Statement of Month/Year |5. If Amendment, Date of Original (Month/Year)
02/99 |
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6. Relationship of Reporting Person to |7. Individual or Joint/Group Filing
Issuer (Check all applicable) |
| x Form filed by one Reporting
x Director 10% Owner | --- Person
--- --- |
Officer (give Other (specify| Form filed by more than one
--- title below) --- below) | --- 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
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>
$1.40 Convertible
Preferred Stock 02/18/99 G V 10 D --
02/18/99 G V 10 D --
02/18/99 G V 10 D --
02/18/99 G V 10 D --
02/18/99 G V 10 D --
02/18/99 G V 10 D --
02/18/99 G V 10 D --
02/18/99 G V 10 D --
02/18/99 G V 10 D --
02/18/99 G V 10 D --
02/18/99 G V 10 D --
02/18/99 G V 10 D --
02/18/99 G V 10 D --
02/18/99 G V 10 D --
6,145 D
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</TABLE>
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>
<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 (Month/Day/Year)
of (D)
Code V (A) (D) Date Expiration
<S> <C> <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 Beneficially Security: Beneficial
Owned at End Direct (D) Ownership
of Month or
Indirect (I)
Title Number
of Shares
<S> <C> <C> <C> <C> <C>
</TABLE>
Explanation of Responses:
**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/David F. Linowes April 6, 1999
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**Signature of Reporting Person Date
