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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
1. Name and Adress of Reporting Person:
Harrosh, Joseph L.
40900 Grimmer Blvd.
Fremont, CA 94538
2. Issuer Name and Ticker or Trading Symbol:
HANDLEMAN COMPANY HDL
3. IRS or Social Security Number of Reporting Person:
###-##-####
4. Statement for Month/Year:
MAY 1997
5. If Amendment, Date of Original (Month/Year):
6. Relationship of Reporting Person to Issuer
[ ] Director [x] 10% Owner
[ ] Officer [ ] Other
Table I - Non-Derivative Securities Acquired, Disposed
of or Beneficially Owned
1. Title of | 2.Trans- | 3.Trans- | 4.Acquired (A) | 5 | 6 | 7|
Security | action | action | Disposed (D) | | | |
| Date | Code | | | | |
| |----------|----------------------| | | |
| | Code | V | Amount | (A) | Price | | | |
| | | | | (D) | | | | |
- ------------------------------------------------------------------------------
COMMON STOCK 05/05/97 S 8,400 D $6.9286 D N/A
COMMON STOCK 05/06/97 S 13,000 D $6.7500 D N/A
COMMON STOCK 05/13/97 S 5,200 D $6.3750 D N/A
COMMON STOCK 05/14/97 S 15,200 D $6.2500 D N/A
COMMON STOCK 05/16/97 S 84,900 D $6.3750 D N/A
COMMON STOCK 05/19/97 S 52,800 D $6.5107 D N/A
COMMON STOCK 05/20/97 S 3,300 D $6.3750 D N/A
COMMON STOCK 05/21/97 S 66,400 D $6.3965 D N/A
COMMON STOCK 05/22/97 S 2,500 D $6.3750 D N/A
COMMON STOCK 05/23/97 S 400 D $6.3750 D N/A
COMMON STOCK 05/28/97 S 48,200 D $6.5000 D N/A
COMMON STOCK 05/29/97 S 29,100 D $6.6250 D N/A
COMMON STOCK 05/30/97 S 44,500 D $6.6250 D N/A
($0.01 PAR VALUE)
TOTAL 373,900
3,852,500 shares beneficially owned after reported transactions.
s/Joseph L. Harrosh
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