ALFACELL CORP
4, 1996-06-10
BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
Previous: ALFACELL CORP, 4, 1996-06-10
Next: ALFACELL CORP, 4, 1996-06-10




<PAGE>

FORM 4 (CONTINUED)

                                             U.S. SECURITIES AND EXCHANGE
COMMISSION
                                                     WASHINGTON, D.C. 20549

                                          STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP
<square>Check this box if no longer
   subject to Section 16. Form 4Filed pursuant to Section 16(a) of the
Securities Act of 1934, Section 17(a) of the Public Utility
   or Form 5 obligations           Holding Company Act of 1935 or Section 30(f)
of the Investment Company Act of 1940
   may continue.  SEE Instruction 1(b).


<TABLE>
<CAPTION>
1. Name and Address of Reporting Person        2. Issuer Name and Ticker or Trading Symbol   6.  Relationship of Reporting Person
                                                                                             to Issuer
SIEGEL,                           ALLEN                     ALFACELL CORPORATION (ACEL)             (Check all applicable)

                                                                                                   X     Director______ 10% Owner
<S>                                            <C>        <C>   <C> <C>      <C>    <C>      <C>            <C>         <C>
(Last)              (First)           (Middle) 3. IRS or Social     4. Statement for            ________ Officer     ______ Other
                                               Security Number of      Month/Year               (give title below)
C/O ALFACELL CORPORATION, 225 BELLEVILLE       Reporting Person                              (specify below)
AVENUE                                         (Voluntary)                  MAY 1996
                                                                                          __________________________________________
                   (Street)                                         5. If Amendment,
                                                                       Date of Original
BLOOMFIELD, NEW JERSEY                                              (Month/Year)
07003
(City)              (State)              (Zip)
                                               TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security                           2. Trans-  3. Trans- 4. Securities Acquired   5. Amount of   6. Owner-   7. Nature
   (Instr. 3)                                     action     action    (A) or Disposed of       Securities     ship        of In-
                                                  Date       Code      (D)                      Beneficially   Form:       direct
                                                  (Month/  (Instr.     (Instr. 3, 4 and 5)      Owned at       (D) or      Bene-
                                               Day/       8)                                    End of         Indirect    ficial
                                               Year)                                            Month          (I)         Owner-
                                                                                                (Instr. 3      (Instr.     ship
                                                                                             and 4)         4)             (Instr.
                                                                                                                        4)
                                                          Code   V   Amount  (A) or Price
                                                                               (D)

Common Stock                                   05/01/96     S        4,000     D     $4.56

Common Stock                                   05/01/96     S        6,000     D     $4.63

Common Stock                                   05/06/96     G       10,000     D     $4.10

Common Stock                                    5/06/96     G          1,700   D     $4.10      94,777           D          ---

                                                                                                53,785           I       By Wife +

</TABLE>

Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
                                               (Over)













<PAGE>

FORM 4 (CONTINUED)


                                   TABLE II - DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
                                           (E.G., puts, calls, warrants,
options, convertible securities)

<TABLE>
<CAPTION>
1. Title of Derivative 2.Conver-3.Trans-4.Transac-5.Number of6.Date    7.Title and Amount 8.Price9.Number 10.  Owner-  11.  Na-
Security                 sion     action tion  Deriv-       Exercisableof Under-lying       of    of        ship         ture
   (Instr. 3)            or       Date   Code  ative        and        Securities (Instr.   Deriv-Deriv-     Form         of In-
                         Exercise (Month/Day/(Instr.SecuritiesExpiration3 and 4)            ative ative      of De-       direct
                         Price    Year)8)      Ac-          Date                            Secur-Secur-     rivative     Bene-
                         of                    quired (A)   (Month/Day/                     ity   ities      Secur-       ficial
                         Deriv-                or Dis-      Year)                           (Instr.Bene-     ity:         Own-
                         ative                 posed of                                     5)    ficially   (D) or         ership
                       Security                (D)                                                Owned      Indi-       (Instr. 4)
                                               (Instr. 3,                                         at End     rect (I)
                                             4, and 5)                                            of        (Instr. 4)
                                                                                                  Month
                                                                                                  (Instr.
                                                                                                4)
<S>                    <C>      <C>    <C><C><C>    <C>   <C>   <C>    <C>         <C>    <C>   <C>       <C>          <C>
                                       Code     (A) (D)   Date  Expira-    Title   Amount
                                          V               Exer- tion               or
                                                          cisableDate              Number
                                                                                   of
                                                                                   Shares
                                                                                                                            ---
Stock Option (right to    $2.68 05/01/96            10,0005/5/93          Common                                D
buy)                                   X                        7/31/96Stock       10,000 $2.68

Stock Option (right to    $2.68 05/06/96            10,0005/5/93          Common                   8,000        D           ---
buy)                                   X                        7/31/96Stock       10,000 $2.68
                                                                                                                        By Wife+
Stock Option (right to    $2.68                           5/5/93          Common                  15,000        I
buy)                            5/06/96X                        7/31/96Stock       15,000 $2.68
                                                    15,000


</TABLE>

  Explanation of Responses:

  +    The reporting person disclaims beneficial ownership of these securities
       and this report shall not be deemed on admission that the reporting
       person is the beneficial owner of such securities for purposes of
       Section 16 or for any other purpose.






** Intentional misstatements or omissions of facts constitute Federal Criminal
   Violations.
                          /S/ KEVIN T. COLLINS
                                                       6/10/96
   SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
                          **Signature of Reporting Person
                                                       Date


Note:  File three copies of this Form, one of which must be manually signed.
                          Kevin T. Collins
   If space provided is insufficient, SEE Instruction 6 for procedure.
                          as attorney-in-fact
                                                      SEC 1474 (8-92)




















© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission