FORM 4
( ) Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may continue.
See Instruction 1(b).
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
|_____________________|
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB NUMBER: 3235-0287|
|EXPIRES: |
| SEPTEMBER 30, 1998|
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE ... 0.5 |
Holding Company Act of 1935 |_____________________|
or Section 30(f) of the Investment
Company Act of 1940
___________________________________________________________________________
1. Name and Address of Reporting Person
Brown Gordon H.
_______________________________________________________________________
(Last) (First) (Middle)
1536 Beech Street
_______________________________________________________________________
(Street)
Terre Haute IN 47804
_______________________________________________________________________
(City) (State) (Zip)
___________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
General Housewares Corp. (GHW)
___________________________________________________________________________
3. I.R.S. Identification Number of Reporting Person, if an entity
(Voluntary)
___________________________________________________________________________
4. Statement for Month/Year
October/1999
___________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)
___________________________________________________________________________
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director
( ) 10% Owner
(x) Officer (give title below)
( ) Other (specify title below)
Vice President
___________________________________________________________________________
7. Individual, or Joint/Group Filing (Check Applicable Line)
(x) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
___________________________________________________________________________
===========================================================================
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED
___________________________________________________________________________
1. Title of Security (Instr. 3)
Common Stock
___________________________________________________________________________
2. Transaction Date (Month/Day/Year)
10/21/99
___________________________________________________________________________
3. Transaction Code (Instr. 8)
U
___________________________________________________________________________
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)
20,528 D Price $28.75
___________________________________________________________________________
5. Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
0
___________________________________________________________________________
6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4)
___________________________________________________________________________
7. Nature of Indirect Beneficial Ownership (Instr. 4)
___________________________________________________________________________
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
===========================================================================
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY
OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
___________________________________________________________________________
1. Title of Derivative Security (Instr. 3)
Option (Right to buy)
___________________________________________________________________________
2. Conversion or Exercise Price of Derivative Security
1) $10.50 4) $12.00
2) $10.50 5) $12.00
3) $10.50 6) $12.00
___________________________________________________________________________
3. Transaction Date (Month/Day/Year)
1) 10/21/99 4) 10/21/99
2) 10/21/99 5) 10/21/99
3) 10/21/99 6) 10/21/99
___________________________________________________________________________
4. Transaction Code (Instr. 8)
1) D V 4) D V
2) D V 5) D V
3) D V 6) D V
___________________________________________________________________________
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
1)2,666 D 4) 3,333 D
2)2,667 D 5) 3,333 D
3)2,667 D 6) 3,334 D
___________________________________________________________________________
6. Date Exercisable and Expiration Date (Month/Day/Year)
1) 2/14/98 - 2/13/03 4) 7/3/96 - 7/2/01
2) 2/14/99 - 2/13/04 5) 7/3/97 - 7/2/02
3) 2/14/00 - 2/13/05 6) 7/3/98 - 7/2/03
___________________________________________________________________________
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
1)Common Stock 2,666 4) Common Stock 3,333
2)Common Stock 2,667 5) Common Stock 3,333
3)Common Stock 2,667 6) Common Stock 3,334
___________________________________________________________________________
8. Price of Derivative Securities (Instr. 5)
1)$18.25 4)$16.75
2)$18.25 5)$16.75
3)$18.25 6)$16.75
___________________________________________________________________________
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
0
___________________________________________________________________________
10. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 4)
___________________________________________________________________________
11. Nature of Indirect Beneficial Ownership (Instr. 4)
___________________________________________________________________________
EXPLANATION OF RESPONSES:
/s/ Gordon H. Brown 11/10/99
----------------------------------- -------------------
** SIGNATURE OF REPORTING PERSON DATE
_____________________________
** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS. 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 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.
===========================================================================
