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- -------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION
FORM 3 WASHINGTON, D.C. 20549
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INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
(Print or Type Responses) Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person* 2. Date of Event Re- 4. Issuer Name AND Ticker or Trading Symbol
quiring Statement
Oren Ron (Month/Day/Year) Cutco Industries, Inc. CUTC
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(Last) (First) (Middle) 8/2/99 5. Relationship of Reporting Person(s) 6. If Amendment, Date
----------------------- to Issuer (Check all applicable) of Original
3. IRS or Social Se- X Director X 10% Owner (Month/Day/Year)
curity Number of ---- ----
P.O. Box 16001 Reporting Person Officer (give Other (specify ---------------------
- ------------------------------------------------- (Voluntary) X title below) below) 7. Individual or
(Street) ---- ---- Joint/Group Filing
###-##-#### (Check Applicable
President & Chief Executive Line)
--------------------------- Form filed by One
Officer X Reporting Person
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Form filed by
More than One
Reporting Person
Beverly Hills, CA 90209 ---
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(City) (State) (Zip) TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Form: Direct Ownership (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
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Common Stock 300,000 Shares I Trustee - Oren Family Trust
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which owns 100% of shares of
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Shera Corp.
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, SEE Instruction 5(b)(v). SEC 1473 (7-97)
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED
TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
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FORM 3 (CONTINUED) TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE
SECURITIES)
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1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) cisable and Underlying Derivative Security sion or ship Beneficial
Expiration (Instr. 4) Exercise Form of Ownership
Date Price of Deriv- (Instr. 5)
(Month/Day/ Deri- ative
Year) vative Security:
-------------------------------------------------- Security Direct
Amount (D) or
Date Expir- or Indirect
Exer- ation Title Number (I)
cisable Date of
Shares (Instr. 5)
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Common Stock Purchase Option (A) 8/2/99 8/2/2003 Common Stock 160,000 $3.00 D
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Common Stock Purchase Option (B) 8/2/99 8/1/2003 Common Stock 25,000 $4.00 I Trustee-Oren Family
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Trust (C)
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Explanation of Responses:
(A) (1) Option to purchase 60,000 shares was granted under Cutco Industries 1990 stock option plan.
(2) Option to purchase 100,000 shares was granted under Cutco Industries 1999 stock option plan.
(B) Option granted by Don vonLiebermann.
(C) Oren Family Trust holds 100% of shares of Shera Corp. which holds the option referred to in (A) above.
/s/ Ron Oren Sept 30, 1999
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**Intentional misstatements or omissions of facts constitute Federal **Signature of Reporting Person Date
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 is insufficient,
SEE Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB Number. Page 2
SEC 1473 (7-97)
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FORM 3 (CONTINUED) TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE
SECURITIES)
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1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) cisable and Underlying Derivative Security sion or ship Beneficial
Expiration (Instr. 4) Exercise Form of Ownership
Date Price of Deriv- (Instr. 5)
(Month/Day/ Deri- ative
Year) vative Security:
-------------------------------------------------- Security Direct
Amount (D) or
Date Expir- or Indirect
Exer- ation Title Number (I)
cisable Date of
Shares (Instr. 5)
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Common Stock Purchase Option (A) 8/2/99 8/1/2003 Common Stock 100,000 $3.00 D
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Common Stock Purchase Option (B) (See B) Common Stock 60,000 $3.00 D
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Common Stock Purchase Option (C) 8/2/99 8/1/2000 Common Stock 25,000 $4.00 I Trustee - Oren Family
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Trust
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Explanation of Responses:
(A) Options to purchase 60,000 shares were granted under Cutco Industries 1990 Stock Option Plan. The date of grant was
8/2/99 with an expiration date of 8/1/2003 (5 years thereafter) exercisable as follows:
- 15,000 shares exercisable 7/1/2000 through 12/31/2000
- 15,000 shares exercisable 8/2/2000 until 8/1/2003
- 15,000 shares exercisable 8/2/2001 until 8/1/2003
- 15,000 shares exercisable 8/2/2002 until 8/1/2003
(B) Options to purchase 100,000 shares were granted under Cutco Industries 1999 stock option plan.
(C) Granted by Don vonLiebermann /s/ Ron Oren Sept 30, 1999
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**Intentional misstatements or omissions of facts constitute Federal **Signature of Reporting Person Date
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 is insufficient,
SEE Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB Number. Page 2
SEC 1473 (7-97)
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