FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this box if OMB APPROVAL
no longer subject to OMB Number 3235-0287
Section 16. Form 4 Expires: February 1, 1994
or Form 5 obligations Estimated average burden
may continue. hours per response....0.5
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
Arena, Nicola T.
550 Lake Forest Drive S.E.
Pinehurst, NC 28374
2. ISSUER NAME AND TICKER OR TRADING SYMBOL
Acme Electric Corporation NYSE:ACE
3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (Voluntary)
190 38 7549
4. STATEMENT FOR MONTH/YEAR
April 1998
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 & General Manager - Power Distribution Products Division
===========================================================================
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED.
- ---------------------------------------------------------------------------
TRANSACTION
-----------
1. TITLE OF SECURITY: Common Common Common
Stock Stock Stock
2. TRANSACTION DATE: 01/31/98 04/15/98 04/30/98
(MM/DD/YY) (Purchases were made through Employee Stock
Purchase Plan-Payroll Deduction)
3. TRANSACTION CODE:
CODE J J J
V V V
4. SECURITIES ACQUIRED (A)
OR DISPOSED OF (D):
AMOUNT 10 30 20
(A) or (D) A A A
PRICE/SHARE $4.978125 $5.203125 $5.315625
5. AMOUNT OF SECURITIES
BENEFICIALLY OWNED
AT END OF MONTH: 1,600
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:
2. CONVERSION OR EXERCISE PRICE
OF DERIVATIVE SECURITY:
3. TRANSACTION DATE:
(MM/DD/YY)
4. TRANSACTION CODE:
CODE
V
5. NUMBER OF DERIVATIVE
SECURITIES ACQUIRED (A)
OR DISPOSED OF (D):
(A)
(D)
6. DATE EXERCISABLE AND
EXPIRATION DATE:
(MM/DD/YY)
DATE EXERCISABLE
EXPIRATION DATE
7. TITLE AND AMOUNT OF
UNDERLYING SECURITIES:
TITLE
AMOUNT OR NUMBER OF SHARES
8. PRICE OF DERIVATIVE
SECURITY:
9. NUMBER OF DERIVATIVE
SECURITIES BENEFICIALLY
OWNED AT END OF MONTH:
10. OWNERSHIP FORM OF
DERIVATIVE SECURITY:
DIRECT (D) OR INDIRECT (I)
11. NATURE OF INDIRECT
BENEFICIAL OWNERSHIP:
EXPLANATION OF RESPONSES:
SIGNATURE OF REPORTING PERSON: __________________________
Nicola T. Arena
DATE: May 1, 1998
