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 |
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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
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1. Name and Address of Reporting Person
Saxton Paul A.
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(Last) (First) (Middle)
1536 Beech Street
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(Street)
Terre Haute IN 47804
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
General Housewares Corp. (GHW)
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3. I.R.S. Identification Number of Reporting Person, if an entity
(Voluntary)
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4. Statement for Month/Year
October/1999
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director
( ) 10% Owner
(x) Officer (give title below)
( ) Other (specify title below)
President and CEO
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7. Individual, or Joint/Group Filing (Check Applicable Line)
(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 (Instr. 3)
Common Stock
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2. Transaction Date (Month/Day/Year)
1)9/16/99
2)10/21/99
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3. Transaction Code (Instr. 8)
1) M
2) U
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)
1) 3,167 A Price $13.75
2) 97,379 D Price $28.75
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5. Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
0
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6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4)
D
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
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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 Derivative Security (Instr. 3)
Option (Right to buy)
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2. Conversion or Exercise Price of Derivative Security
1) $10.50 4)$13.125 7)$13.125 10)$13.75
2) $10.50 5)$13.125 8)$13.125 11)$13.75
3) $10.50 6)$13.125 9)$13.125
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3. Transaction Date (Month/Day/Year)
1) 10/21/99 4) 10/21/99 7)10/21/99 10)10/21/99
2) 10/21/99 5) 10/21/99 8)10/21/99 11)9/16/99
3) 10/21/99 6) 10/21/99 9)10/21/99
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4. Transaction Code (Instr. 8)
1) D 4) D 7) D 10) D
2) D 5) D 8) D 11) M
3) D 6) D 9) D
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5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr.
3, 4, and 5)
1)4,000 D V 4)4,000 D V 7)6,000 D V 10)3,167 D V
2)4,000 D V 5)4,000 D V 8)6,000 D V 11)3,167 D
3)4,000 D V 6)4,000 D V 9)6,000 D V
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6. Date Exercisable and Expiration Date (Month/Day/Year)
1)2/14/98-2/13/03 4)8/1/96-7/31/01 7)11/9/94-11/8/99 10)9/21/95-9/20/00
2)2/14/99-2/13/04 5)8/1/97-7/31/02 8)11/9/95-11/8/00 11)9/21/94-9/20/99
3)2/14/00-2/13/05 6)8/1/98-7/31/03 9)11/9/96-11/8/01
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7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Common Stock:
1)4,000 4)4,000 7)6,000 10)3,167
2)4,000 5)4,000 8)6,000 11)3,167
3)4,000 6)4,000 9)6,000
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8. Price of Derivative Securities (Instr. 5)
1)$18.25 4)$15.625 7)$15.625 10)$15.00
2)$18.25 5)$15.625 8)$15.625
3)$18.25 6)$15.625 9)$15.625
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9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
0
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10. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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EXPLANATION OF RESPONSES:
/S Paul A. Saxton 11/10/99
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** SIGNATURE OF REPORTING PERSON DATE
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** 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.
