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
HABIG, ARNOLD F
1600 ROYAL STREET
JASPER, IN 47549
USA
2. Issuer Name and Ticker or Trading Symbol
KIMBALL INTERNATIONAL, INC.
KBALB
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
12/31/97
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 below)
Assistant to CEO
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>
<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 Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Class B Common Stock |12/15/|G |V|1,700 |D |N/A |25,182 (1) (2) |I |Wife |
|97 | | | | | | | | |
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" | | |V| | | |1,030 (2) |I |AFH 92 Tr |
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" | | |V| | | |512,310 (2) |I |AFH 72 Tr |
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" | | |V| | | |256(1) (2) |I |Family Tr |
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" | | | | | | | | | |
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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 | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A Common Stock | | | |V| | | | |Class B Comm| | |98,550 (2) |I |Wife |
| | | | | | | | |on | | | | | |
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" | | | |V| | | | |" | | |39,724 (2) |I |AFH 92 Tr |
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" | | | |V| | | | |" | | |730,622 (2) |I |AFH 72 Tr |
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" | | | |V| | | | |" | | |444,896 (2) |I |Family Tr |
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Employee Stock Option |$14.80 (| | |V| | |8/27/|8/26/|" |9,000 (| | | | |
(Right to Buy) w/SAR |3) | | | | | |95 |98 | |3) | | | | |
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" |$12.22 (| | |V| | |8/25/|8/24/|" |10,000 | | | | |
|3) | | | | | |96 |99 | |(3) | | | | |
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" |$12.77 (| | |V| | |8/23/|8/22/|" |10,000 | | | | |
|3) | | | | | |97 |00 | |(3) | | | | |
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" |$13.77 (| | |V| | |7/18/|7/17/|" |10,000 | | | | |
|3) | | | | | |98 |01 | |(3) | | | | |
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" |$21.825 | | |V| | |2/25/|8/24/|" |7,000 (| | | | |
|(3) | | | | | |98 |07 | |3) | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) Beneficial ownership
disclaimed.
(2) On 11/12/97, the Class A and Class B Common Stock of Kimball Inernational,
Inc., split 2-for-1, resulting in
reporting person's indirect share ownership to increase 13,441, 515,
256,155, and 128 shares of Class B
Common stock and his indirect share ownership to increase 49,275, 19,862,
365,311, and 222,448 shares of
Class A Common
Stock.
(3) This stock option was previously reported as covering half the number of
shares at twice the price per share,
but was adjusted to "reflect" a 2-for-1 stock split on
11/12/97.
