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
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1. Name and Address of Reporting Person
Kulla Raymond J.
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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)
Vice President and Secretary
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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)
10/21/99
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3. Transaction Code (Instr. 8)
U
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)
23,000 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)
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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)$9.25 4)$10.50
2)$9.25 5)$10.50
3)$9.25 6)$10.50
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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
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4. Transaction Code (Instr. 8)
1) D V 4)D V
2) D V 5)D V
3) D V 6)D V
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
1)3,333 D 4)2,666 D
2)3,333 D 5)2,667 D
3)3,334 D 6)2,667 D
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6. Date Exercisable and Expiration Date (Month/Day/Year)
1)11/14/96 - 11/13/01 4)2/14/98 - 2/13/03
2)11/14/97 - 11/13/02 5)2/14/99 - 2/13/04
3)11/14/98 - 11/13/03 6)2/14/00 - 2/13/05
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7. Title and Amount of Underlying Securities (Instr. 3 and 4)
1)Common Stock 3,333 4)Common Stock 2,666
2)Common Stock 3,333 5)Common Stock 2,667
3)Common Stock 3,334 6)Common Stock 2,667
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8. Price of Derivative Securities (Instr. 5)
1)$19.50 4)$18.25
2)$19.50 5)$18.25
3)$19.50 6)$18.25
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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/ Raymond J. Kulla 11/10/99
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** 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.
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