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:
Wilmer J. Thomas, Jr.
272 Undermountain Road
Salisbury, Connecticut 06068
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 ( ) Officer (give title below) ( )
Other (specify below)
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
Securities 6. Owner- 7. Nature
Beneficially ship Form: of
2. Transaction Owned at Direct (D) Indirect
1. Title of Date 3. Transaction 4. Securities Acquired End of Month or Indirect Beneficial
Security (Month/ Code (A) or Disposed of (D) (Instr. (I) Ownership
(Instr. 3) Day/Year) (Instr. 8) (Instr. 3, 4 & 5) 3 & 4) (Instr. 4) (Instr. 4)
----------- ------------- ------------- ---------------------- ------------ ---------- ----------
Code V Amount (A)or(D) Price
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock, 5/29/98 P 6000 A $1.88 8,006,343 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 Deriv- Deriva- Form of
ative tive Deriva-
2. Conver- Securities Securities tive
1. Title sion or Acquired 6. Date 7. Title 8. Price Benefi- Security: 11. Nature
of Exercise 3. Trans- (A) or Exercisable and of cially Direct of
Deriva- Price of action 4. Trans- Disposed and Amount of Deriva- Owned at (D) or 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 Expira- Title Amount or
Exer- tion 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/ Wilmer J. Thomas, Jr.
==============================<PAGE>
