Form 4
Statement of changes in beneficial ownership.
1. Name and address of reporting person:
Bradley A. Kelsheimer
1536 Beech Street
Terre Haute, IN 47804
2. Issuer name and ticker or trading symbol:
General Housewares Corp. (GHW)
4. Statement for month/year:
August 1998
6. Relationship of reporting person to issuer:
Officer - Controller
TABLE I
1. Title of security:
Common Stock
2. Transaction date:
August 5, 1998
3. Transaction code:
A
4. Securities Acquired (A) or Disposed of (D)
16,000* (A)
* Restricted stock certificate issued for no cash consideration
pursuant to Issuer's 1997 Key Employees' Incentive Stock Plan
approved by stockholders. The acquisition of the stock is exempt
pursuant to Rule 16b-3. The restricted period shall end with
respect to specified numbers of shares on or before January 1,
2002.
5. Amount of securities beneficially owned at end of month:
16,000 (D) Price*
574 (D)
285.5620(I)** Price $7.988 - $9.563
7. Nature of Indirect Beneficial Ownership
**Acquired on a periodic basis by the trustee of the Issuer's
Employee Stock Purchase Plan. Represents shares acquired through
8/31/98, the latest date for which information is available.
TABLE II
1. Title of Derivative Security
Option (Right to Buy)
9. Number of Derivative Securities Beneficially Owned at End of
Month
2,200
/s/ Bradley A. Kelsheimer
September 9, 1998
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