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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:
JUNE 1, 1997 THROUGH JUNE 9, 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 06/02/97 S 13,100 D $7.0000 D N/A
COMMON STOCK 06/03/97 S 500 D $6.8750 D N/A
COMMON STOCK 06/04/97 S 18,200 D $6.6250 D N/A
COMMON STOCK 06/05/97 S 10,700 D $6.6250 D N/A
COMMON STOCK 06/06/97 S 14,000 D $6.6250 D N/A
COMMON STOCK 06/09/97 S 630,500 D $6.8770 D N/A
($0.01 PAR VALUE)
TOTAL 687,000
3,165,500 shares beneficially owned after reported transactions, drops the
beneficial owner below 10% to 9.4504% of the shares outstanding and in
accordance with section 16b dictates this filing as the final filing
of Form 4.
s/Joseph L. Harrosh
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