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
ACHW
3. IRS or Social Security Number of Reporting Person (Voluntary):
###-##-####
4. Statement for Month/Year:
June 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, 6/10/98 P 10,000 A $1.75 8,028,043 D
$.01 par value
Common Stock, 6/15/98 P 13,300 A $1.6875 8,041,343 D
$.01 par value
Common Stock, 6/29/98 P 9,000 A $1.6875 8,050,343 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 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> <C>
Redeemable $1.83 6/2/98 P 8,000(A) Exercisable: Common Stock - $0.50 22,705 D
Common Stock At any time 17,520
Purchase Expiration:
Warrants 8/31/98
</TABLE>
Explanation of Responses:
SIGNATURE OF REPORTING PERSON:<PAGE>
/s/ Martin L. Solomon
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