FORM 5
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if OMB APPROVAL
no longer subject to OMB Number 3235-0362
Section 16. Form 4 Expires: February 1, 1994
or Form 5 obligations Estimated average burden
may continue. hours per response....1.0
/X/ Form 3 Holdings Reported
/X/ Form 4 Transactions Reported
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
- ---------------------------------------------------------------------------
1. NAME AND ADDRESS OF REPORTING PERSON
Gleason, John E.
1218 Four Mile Road
Allegany, NY 14706
2. ISSUER NAME AND TICKER OR TRADING SYMBOL
Acme Electric Corporation NYSE:ACE
3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (Voluntary)
###-##-####
4. STATEMENT FOR MONTH/YEAR
June 1997
5. IF AMENDMENT, DATE OF ORIGINAL (Month/Year)
6. RELATIONSHIP OF REPORTING PERSON TO ISSUER (Check all applicable)
___ Director ___ 10% Owner ___ Other (Specify below)
_x_ Officer (Give title below)
Vice President and General Manager
Aerospace Division
<PAGE>
===========================================================================
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED.
- ---------------------------------------------------------------------------
TRANSACTION
-----------
1. TITLE OF SECURITY: Common Stock
2. TRANSACTION DATE:
(MM/DD/YY)
3. TRANSACTION CODE:
4. SECURITIES ACQUIRED (A)
OR DISPOSED OF (D):
AMOUNT
(A) or (D)
PRICE
5. AMOUNT OF SECURITIES
BENEFICIALLY OWNED
AT END OF ISSUER'S
FISCAL YEAR: 5,988
6. OWNERSHIP FORM: D
DIRECT (D) OR
INDIRECT (I)
7. NATURE OF INDIRECT
BENEFICIAL OWNERSHIP:
===========================================================================
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY
OWNED (e.g., puts, calls, warrants, options, convertible
securities)
- ---------------------------------------------------------------------------
1. TITLE OF DERIVATIVE SECURITY: Common Common
Stock Stock
Option* Option*
2. CONVERSION OR EXERCISE PRICE
OF DERIVATIVE SECURITY: 4.875 11.25
3. TRANSACTION DATE: 04/08/91 09/01/95
(MM/DD/YY)
4. TRANSACTION CODE: RTB RTB
5. NUMBER OF DERIVATIVE
SECURITIES ACQUIRED (A)
OR DISPOSED OF (D):
(A)
(D)
<PAGE>
6. DATE EXERCISABLE AND
EXPIRATION DATE:
(MM/DD/YY)
DATE EXERCISABLE 04/08/92 09/01/96
EXPIRATION DATE 04/07/01 08/31/05
7. TITLE AND AMOUNT OF
UNDERLYING SECURITIES:
TITLE Common Common
Stock Stock
AMOUNT OR NUMBER OF SHARES 3,000 5,000
8. PRICE OF DERIVATIVE
SECURITY:
9. NUMBER OF DERIVATIVE
SECURITIES BENEFICIALLY
OWNED AT END OF YEAR: 8,000
10. OWNERSHIP OF
DERIVATIVE SECURITY:
DIRECT (D) OR INDIRECT (I) D
11. NATURE OF INDIRECT
BENEFICIAL OWNERSHIP:
EXPLANATION OF RESPONSES:
* Options are exercisable at 25% per year, beginning with the exercisable
date. After four years, all shares become eligible for exercise.
SIGNATURE OF REPORTING PERSON:** /s/
DATE: June 30, 1997
**Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
