U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4 OMB APPROVAL
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OMB NUMBER: 3235-0287
Expires: September 30, 1998
Estimated average burden
hours per response ...... 0.5
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
Schwartz Theodore A.
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(Last) (First) (Middle)
c/o Berger Holdings, Ltd. 805 Pennsylvania Boulevard
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(Street)
Feasterville PA 19053
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Berger Holdings, Ltd. (BGRH)
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3. IRS Number or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
January 1999
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer:
(Check all applicable)
X Director 10% Owner
----- ------
X Officer (give Other (Specify
----- title below) ------ below)
Chairman of the Board and Chief Executive Officer
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7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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Table 1 -- Non-Derivative Securities Acquired,
Disposed of, or Beneficially Owned
1. Title of Security 2. Transaction Date 3. Transaction Code
(Instr. 3) (Month/Day/Year) (Instr. 8)
Code V
- -------------------- ------------------- ----------- -----
Common Stock 12/28/98 M
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Common Stock 12/28/98 M
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Common Stock 12/28/98(1) G V
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Common Stock 12/28/98(2) G V
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Common Stock 12/28/98(2) G V
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Common Stock 12/28/98(2) G V
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Common Stock 12/28/98(1) G V
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3,4 and 5)
Amount (A) or (D) Price
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10,000 A $1.50
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467 A $1.50
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1,000 D --
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1,000 D --
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1,000 D --
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1,000 D --
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1,000 A --
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5. Amount of Securities 6. Ownership Form: 7. Nature of Indirect
Beneficially Owned at Direct (D) or Beneficial Ownership
End of Month Indirect (I) (Instr. 4)
(Instr. 3 and 4) (Instr. 4)
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D
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416,225 D
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6,000 I By wife
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Reminder: Report on a separate line for each class of
securities beneficially owned directly or indirectly.
(Over)
SEC 1474 (7/96)
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FORM 4 (continued)
Table II -- Derivative Securities Acquired,
Disposed of or Beneficially Owned
(e.g., puts, calls, warrants,
options, convertible securities)
1. Title of Derivative 2. Conversion or Exercise 3. Transaction Date
Security Price of Derivative (Month/Day/Year)
(Instr. 3) Security
- ---------------------- ------------------------- ----------------
Employee Stock Option
(right to buy) $1.50 12/28/98
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Employee Stock Option
(right to buy) $1.50 12/28/98
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4. Transaction Code 5. Number of Derivative 6. Date Exercisable
(Instr. 8) Securities Acquired (A) and Expiration Date
or Disposed of (D) (Month/Day/Year)
(Instr. 3, 4 and 5)
Code V (A) (D) Date Expir-
Exercisable ation
Date
- --------- ----- --------- ---------- ----------- ---------
M 10,000 6/1/90 6/1/2000
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M 467 12/31/90 12/31/2000
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7. Title and Amount of Underlying 8. Price of 9. Number of
Securities Derivative Derivative
Security Securities
Title Amount or (Instr. 5) Beneficially
Number of Owned at End
Shares of Month
(Instr. 4)
- --------------------------------- -------------- -----------------
Common Stock 10,000 30,000
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Common Stock 467 -0-
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10. Ownership 11. Nature of
Form of Indirect
Derivative Beneficial
Security: Ownership
Direct (D) or (Instr. 4)
Indirect (I)
(Instr. 4)
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D
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D
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Explanation of Responses:
(1) Gift to wife.
(2) Gift to child who does not share reporting person's household.
The reporting person disclaims beneficial ownership of all
securities held by his children, and this report should not be deemed
an admission that the reporting person is the beneficial owner of such
securities for the purposes of Section 16 or for any other purpose.
/s/ Theodore A. Schwartz 1/6/99
_______________________________ ______________
**Theodore A. Schwartz 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 provided is insufficient,
See Instruction 6 for procedure.
