FOREST OIL CORP
4, 1998-07-09
CRUDE PETROLEUM & NATURAL GAS
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FORM 4
                                                                                                    --------------------------------
[ ] CHECK THIS BOX IF NO LONGER                                                                              OMB APPROVAL           
    SUBJECT TO SECTION 16. FORM 4 OR                                                                --------------------------------
    FORM 5 OBLIGATIONS MAY CONTINUE.                                                                OMB NUMBER:           3235-0287 
    SEE INSTRUCTION 1(B).                                                                           EXPIRES:   SEPTEMBER 30, 1998   
    (PRINT OR TYPE RESPONSES)                                                                       ESTIMATED AVERAGE BURDEN        
                                                                                                    HOURS PER RESPONSE..........0.5 
                                                                                                    --------------------------------
                                               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
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<S>                                      <C>                                                 <C>                          
1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol         6. Relationship of Reporting 
                                                                                                Person to Issuer
   Tempest, Drake S.                               Forest Oil Corporation (FST)                (Check all applicable)
- --------------------------------------------------------------------------------------------
   (Last)   (First)   (Middle)           3. IRS or Social   4. Statement for Month/Year       [X] Director  [ ] 10% Owner
                                            Security Number                                   [ ] Officer   [ ] Other
    153 East 53rd Street                    of Reporting       June 1998                          (give title   (specify title
    54th Floor                              Person                                                below)        below)
- ---------------------------------------     (Voluntary)                                           
        (Street)
                                                                                                  ----------------------------
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    New York, New York  10022                               5. If Amendment,    7. Individual or Joint/Group Filing
- ---------------------------------------                        Date of Original    (Check Applicable Line)
   (City)   (State)     (Zip)                                  (Month/Year)
                                                                                   [X] Form filed by One Reporting Person
                                                                                   [ ] 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. Ownership Form:  7. Nature of
   (Instr.3)             action      action Code   or Disposed of (D)                Securities       Direct (D) or       Indirect
                         Date        (Instr. 8)    (Instr. 3,4 and 5)                Beneficially     Indirect (I)        Beneficial
                                                                                     Owned at End of  (Instr. 4)          Ownership
                         (Month/                                                     Month                                (Instr. 4)
                         Day/Year)-------------------------------------------------
                                     Code     V       Amount  (A) or (D)    Price   (Instr. 3 and 4)
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Common Stock             06/16/98      A      V        711        A         $14.065        4,798           D
                                                     shares                per share      shares
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.                   (Over)
*If the form is filed by more than one reporting person, SEE Instruction 4(b)(v).                                    SEC 1474 (7/96)

                                                                                                                         Page 1 of 2
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FORM 4 (continued)

  Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
             (E.G., puts, calls, warrants, options, convertible securities)

- ---------------------------------------------------------------------------------
<S>            <C>            <C>                <C>             <C>             
1. Title of    2. Conversion  3. Transaction     4. Transaction  5. Number of    
   Derivative     or Exercise    Date               Code            Derivative   
   Security       Price of       (Month/Day/Year)   (Instr. 8)      Securities   
   (Instr. 3)     Derivative                                        Acquired (A) 
                  Security                                          or Disposed  
                                                                    of (D)       
                                                                                 
                                                                                 
                                                ---------------------------------
                                                      Code    V    (A)      (D)
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<CAPTION>

FORM 4 (continued)

          Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
                     (E.G., puts, calls, warrants, options, convertible securities)

- -----------------------------------------------------------------------------------------------------------
 <S>                <C>                   <C>            <C>            <C>               <C>          
  6. Date            7. Title and Amount   8. Price of    9. Number of   10. Ownership     11. Nature of
     Exercisable        of Underlying         Derivative     Derivative      Form of           Indirect
     and Expiration     Securities            Security       Securities      Derivative        Beneficial
     Date               (Instr. 3 and 4)                     Beneficially    Security:         Ownership
     (Month/Day/Year)                                        Owned at        Direct (D) or     (Instr. 4)
                                                             End of          Indirect (I)
                                                             Month           (Instr. 4)
                                                             (Instr. 4)
 ------------------------------------------
                                Amount
  Date     Expir-               or
  Exer-    ation                Number
  cisable  Date        Title    of Shares
- -----------------------------------------------------------------------------------------------------------

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- -----------------------------------------------------------------------------------------------------------
         Explanation of Responses:                                                          SEC 1474 (7/96)

         1.       Shares acquired pursuant to nondiscretionary grant under the Forest Oil Corporation Stock
                  Incentive  Plan,  as  amended  and  restated  as of March 22,  1996 and  approved  by the
                  stockholders  of Forest Oil  Corporation on May 8, 1996 and May 14, 1997. The acquisition
                  is an exempt  transaction  pursuant to Rule 16b-3 under the  Securities  Exchange  Act of
                  1934.


                                              Drake S. Tempest                                 July 8, 1998


**       International misstatements or omissions of                       /s/ DRAKE S. TEMPEST            
         facts    constitute     Federal    Criminal                       --------------------------------
         Violations. SEE 18 U.S. C. 1001 and 15                            ** Signature of Reporting Person
         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.

Potential persons who are to respond to the collection of information  contained
in this form are not  required to respond  unless the form  displays a currently
valid OMB Number.


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