U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 4
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Gray, Dawn M.
2100 RiverEdge Parkway, Suite 1200
Atlanta, GA 30328
USA
2. Issuer Name and Ticker or Trading Symbol
American Business Products, Inc.
ABP
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
August, 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Secretary
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |8/2/96|F |V|600 |D |20.75 | | | |
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Common Stock |8/2/96|M |V|1,125 |A |11.1667 |1,155 |D | |
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Common Stock (1) | | | | | | |1,900 |I |Profit Sharing Trust |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option |11.1667 |8/2/9|M |V|1,125 |D |(2) |6/5/2|Common Stock|1,125 | |0 |D | |
Right to Buy | |6 | | | | | |001 | | | | | | |
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Employee Stock Option |20.75 |8/2/9|J |V|600 |A |(3) |6/5/2|Common Stock|600 | |600 |D | |
Right to Buy | |6 | | | | | |001 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) Represents the number of shares with respect to which the reporting person
has voting rights based on his
vested balance at September 30, 1995, under the American Business Products,
Inc. Profit Sharing Retirement Trust,
a plan operating on old Rule
16a-8(g)(3).
(2) These options were granted 6/5/91 and became exercisable in 25% increments
annually beginning 6/5/92
through
6/5/95.
(3) Reload stock option granted to reporting person pursuant to the terms of
the 1991 Stock Incentive Plan in
transaction exempt under old Rule 16b-3. The original option granted 6/5/92
became exercisable in 25% increments
annually beginning 6/5/92 through
6/5/95.
SIGNATURE OF REPORTING PERSON
Dawn M. Gray
DATE
September 3, 1996
