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FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
<S> <C> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person
to Issuer (Check all applicable)
Tondera, Jr. Steve E. HEI, Inc. (HEII)
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_______________________________________ 3. IRS or Social Security 4. Statement for X Director 10% Owner
(Last) (First) (Middle) Number of Reporting Month/Year ---
Person (Voluntary) February 1999 Officer (give ____ Other
--- title below) (specify
below)
4433 Corinth Drive 5. If Amendment,
____________________________________________________ Date of Original
(Street) (Month/Year)
Birmingham AL 35213
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(City) (State) (Zip) 7. Individual or Joint/Group Filing
(Check Applicable Line)
X Form filed by One Reporting Person
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Form filed by More than One
--- Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Month/ (Instr. 8) Owned at Direct Bene-
Day/ End of (D) or ficial
Year) Month Indirect Owner-
(Instr. 3 (I) ship
and 4) (Instr. 4) (Instr. 4)
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Code V Amount (A) or Price
(D)
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*If the form is filed by more than reporting person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or Type Responses)
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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1. Title of 2. Conver- 3. Trans- 4. Transac- 5. Number of 6. Date Exer- 7. Title and Amount of
Derivative sion or action tion Derivative cisable and Underlying Securities
Security Exercise Date Code Securities Expiration (Instr.3 and 4)
(Instr. 3) Price of (Instr. 8) Acquired (A) Date (Month/
Deriva- (Month/ or Disposed Day/Year)
tive Day/ of (D)
Security Year) (Instr. 3,
4, and 5)
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Date Expir-
Exer- ation Amount or
cisable Date Title Number of
Shares
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Code V (A) (D)
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Stock Option $5.75 2/19/99 J 10,000 2/19/00 2/19/02 Common Stock 10,000
par value $.05 per
share
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(TABLE CONTINEU)
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1. Title of 8. Price 9. Number 10. Ownership 11. Nature of
Derivative of of Form of Indirect
Security Deriva- Deriva- Derivative Beneficial
(Instr. 3) tive tive Security: Ownership
Security Securi- Direct (D) (Instr. 4)
(Instr. 5) ties Bene or Indirect
ficially (I)(Instr. 4)
Owned at
End of
Month
(Instr. 4)
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Stock Option 10,000 D
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Explanation of Responses: Options received as compensation for services
performed for Fant Industries Inc.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
/s/ Steve E. Tondera, Jr. March 10, 1999
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**Signature of Reporting Person Date
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, see Instruction 6 for procedure.
