UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this 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
Kahn, Seymour
7321 Rindge Avenue
Playa del Rey, CA 90293
US
2. Issuer Name and Ticker or Trading Symbol
Mercury Air Group, Inc.
MAX
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
June 1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
Chairman of the Board
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 |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 Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |06/14/|M | |52,000 |A |1.542 | |D | |
|99 | | | | | | | | |
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Common Stock |06/14/|S | |8,500 |D |6.500 | |D | |
|99 | | | | | | | | |
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Common Stock |06/16/|S | |9,300 |D |6.500 | |D | |
|99 | | | | | | | | |
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Common Stock |06/21/|S | |9,200 |D |6.500 | |D | |
|99 | | | | | | | | |
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Common Stock |06/22/|S | |4,700 |D |6.500 | |D | |
|99 | | | | | | | | |
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Common Stock |06/23/|S | |3,200 |D |6.500 | |D | |
|99 | | | | | | | | |
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Common Stock |06/04/|S | |13,172 |D |6.500 |1,467,710* |D | |
|99 | | | | | | | | |
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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 | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock Purchase |1.542 |06/14|M | |34,900 |D |01/21|01/21|Common Stock|34,900 |N/A |1,467,710* |D | |
Option | |/99 | | | | |/94 |/03 | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
Includes 1,140,780 shares held of record by SK Acquisition, Inc., a Delaware
corporation wholly-owned by Mr.
Kahn ("SKAI"). Also includes 151,250 shares owned by an executive officer of
Mercury which SKAI holds a
proxy to vote and which are subject to a security interest held by SKAI.
Includes 116,350 shares issuable to Mr.
Kahn upon the exercise of options exercisable within 60 days from the date
hereof, and 45,375 shares issuable
to SKAI upon the exercise of options exercisable within 60 days from the date
hereof. Also includes 13,955
shares held of record by Mr. Kahn's wife, as to which Mr. Kahn disclaims
beneficial ownership.
