FORM 5
[ ]Check box if no longer
subject to Section 16. Form 4
or Form 5 obligations may
continue. See Instruction 1(b).
[ ]Form 3 Holdings Reported
[x]Form 4 Transactions Reported
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL 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
Merkel Joelen K. | Symbol
(Last) (First) (Middle) | Chris-Craft Industries, Inc.
Chris-Craft Industries,Inc. | (CCN)
5355 Town Center Rd., Suite 200 | ------------------------------------
(Street) | 3. IRS or Social Security Number of
Boca Raton FL 33486 | Reporting Person (Voluntary)
(City) (State) (Zip) |
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4. Statement of Month/Year | 5. If Amendment, Date of Original (Month/Year)
|
12/99 |
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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) |
Senior Vice President and Treasurer |
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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) or Beneficial
of (D) Owned at End Indirect (I) Ownership
of Issuer's
Code V Amount (A) Price Fiscal Year
or
(D)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
<PAGE>
FORM 5 (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) Date Expiration
Code V (A) (D) Exercisable Date
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Employee stock option 46.6626 01/08/99 A 72,099 01/08/00* 01/07/09
(right to buy)
Employee stock option 46.6626 01/08/99 A 46,350 01/08/00* 01/07/04
(right to buy)
Employee stock option 57.5000 09/28/99 A 150,000 09/28/00** 09/27/09
(right to buy)
<CAPTION>
7. Title and Amount of 8. Price of 9. Number of 10. Ownership 11. Nature
Underlying Securities Derivative Derivative Form of of
Security Securities Derivative Indirect
Beneficially Security: Beneficial
Owned at End Direct (D) Ownership
of Year or
Indirect (I)
Title Number
of Shares
<S> <C> <C> <C> <C> <C>
Common Stock 72,099 -- 72,099 D
Common Stock 46,350 -- 46,350 D
Common Stock 150,000 -- 150,000 D
</TABLE>
Explanation of Responses:
* Option becomes exercisable as to one-third of shares covered thereby
annually, beginning on first anniversary of date of grant.
**Option becomes exercisable as to 50% of shares covered thereby on 4th
anniversary of date of grant and as to remainder on 5th such anniversary.
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/s/ Joelen K. Merkel January 26, 2000
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Signature of Reporting Person Date
