UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16. Form 4 or
Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person:
Martin L. Solomon
P.O. Box 70
Coconut Grove, Florida 33233
U.S.A.
2. Issuer Name and Ticker or Trading Symbol:
American Country Holdings Inc.
ACHI
3. IRS or Social Security Number of Reporting Person (Voluntary):
###-##-####
4. Statement for Month/Year:
May 1998
5. If Amendment, Date of Original (Month/Year):
August 1997
6. Relationship of Reporting Person(s) to Issuer (Check all
applicable):
(x) Director (x) 10% Owner (x) Officer (give title below) ( )
Other (specify below)
President, Chief Executive Officer
7. Individual or Joint/Group Filing (Check Applicable Line):
(x) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person<PAGE>
<TABLE>
<CAPTION>
TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
5. Amount of 6. Owner-
Securities ship Form: 7. Nature of
2. Transaction Beneficially Direct (D) Indirect
1. Title of Date 3. Transaction 4. Securities Acquired Owned at or Indirect Beneficial
Security (Month/ Code (A) or Disposed of (D) End of Month (I) Ownership
(Instr. 3) Day/Year) (Instr. 8) (Instr. 3, 4 & 5) (Instr. 3 & 4) (Instr. 4) (Instr. 4)
------------ -------------- -------------- ---------------------- -------------- ------------ ------------
Code V Amount (A)or(D) Price
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock, 5/28/98 P 5,000 A $1.75 8,018,043 D
$.01 par value
Common Stock, 5/28/98 P 12,700 A $1.76 8,018,043 D
$.01 par value
/TABLE
<PAGE>
<TABLE>
<CAPTION>
TABLE II -- DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
9. Number 10. Owner-
5. Number of ship
of Deriva- Deriva- Form of
tive tive Deriva-
2. Conver- Securities Securities tive
1. Title sion or Acquired 6. Date 7. Title 8. Price Benefi- Security:
of Exercise 3. Trans- (A) or Exercisable and of cially Direct 11. Nature
Deriva- Price of action 4. Trans- Disposed and Amount of Deriva- Owned at (D) or of Indirect
tive Deriva- Date action of (D) Expiration Underlying tive End of Indirect Beneficial
Security tive (Month/ Code (Instr. 3, Date(Month/ Securities Security Month (I) Ownership
(Instr. 3) Security Day/Year) (Instr. 8) 4 & 5) Day/Year) (Instr. 3 & 4) (Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4)
---------- -------- --------- ---------- ---------- ------------- --------------- ---------- ---------- ---------- -----------
Code V (A) (D) Date Expir- Title Amount or
Exer- ation Number of
cisable Date Shares
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
</TABLE>
Explanation of Responses:
SIGNATURE OF REPORTING PERSON:
/s/ Martin L. Solomon
==============================<PAGE>
