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<PAGE>
FORM 4
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 4
or Form 5 obligations
may continue. SEE Instruction 1(b).
Filed pursuant to Section 16(a) of the
Securities 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
<TABLE>
<CAPTION>
1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person
to Issuer
MIKULSKI, STANISLAW M. 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 ___X____ Officer ______ Other
Security Number of Month/Year (give title below)
C/O ALFACELL CORPORATION, 225 BELLEVILLE Reporting Person (specify below)
AVENUE (Voluntary) AUGUST 1996
EXECUTIVE VICE PRESIDENT AND VICE
PRESIDENT,
MEDICAL AFFAIRS
(Street) 5. If Amendment,
Date of Original
BLOOMFIELD, NEW JERSEY 07003 (Month/Year)
(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 8/01/96 S 5,000 D $4.68
Common Stock 8/01/96 S 5,000 D $4.62
Common Stock 8/06/96 S 5,000 D $4.87
Common Stock 8/20/96 S 5,000 D $4.44
Common Stock 8/20/96 S 5,000 D $4.56
Common Stock 8/20/96 S 2,500 D $4.62
Common Stock 8/20/96 S 5,000 D $4.50
Common Stock 8/21/96 S 6,000 D $4.43
Common Stock 8/22/96 S 5,000 D $4.43
Common Stock 8/23/96 S 3,000 D $4.38
Common Stock 8/26/96 S 8,000 D $4.50
Common Stock 8/26/96 S 20,000 D $4.75
Common Stock 8/27/96 S 2,000 D $4.69
Common Stock 8/27/96 S 5,000 D $4.69
Common Stock 8/27/96 S 8,000 D $4.63
Common Stock 8/28/96 S 5,000 D $4.69
Common Stock 8/28/96 S 12,000 D $4.75
Common Stock 8/29/96 S 10,000 D $4.81
Common Stock 8/29/96 S 2,500 D $4.88
Common Stock 8/29/96 S 8,000 D $4.94 361,250 D ---
</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.Conver3.Trans-4.Transac-5.Number of6.Date 7.Title and Amount of 8.Price9.Number10. 11. Na-
Security sion action tion Deriv- ExercisableUnderlying Securities of of Owner- ture
(Instru. 3) or Date Code ative and (Instr. 3 and 4) Deriv-Deriv- ship of In-
Exercise(Month/Day/(Instr.SecuritiesExpiration ative ative Form direct
Price Year)8) Ac- Date Secur-Secur- of De- Bene-
of quired (A) (Month/Day/ ity ities ficial
Deriv- or Year) (Instr.Bene- rivative Own-
ative Disposed 5) ficially Secu- ership
Security of (D) Owned ity: (Instr. 4)
(Instr. 3, at End (D) or
4, and 5) of Indi-
Month rect
(Instr. (I)
4) (Instr.
4)
<S> <C> <C> <C><C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CodeV (A) (D) Date Expira- Title Amount
Exer- tion or
cisableDate Number
of
Shares
Stock Option 10,000 9/16/92 9/16/96 Common
(right to buy) $3.87 8/1/96 x Stock
10,000 $3.87
Common
Stock Option 9/16/92 9/16/96 Stock
(right to buy) $3.87 8/6/96 x 5,000 5,000 $3.87
Stock Option 17,500 9/16/92 9/16/96 Common
(right to buy) $3.87 8/20/96x Stock 17,500 $3.87
Stock Option 9/16/92 9/16/96 Common
(right to buy) $3.87 8/21/96x 6,000 Stock 6,000 $3.87
Stock Option 9/16/92 9/16/96 Common
(right to buy) $3.87 8/22/96x 5,000 Stock 5,000 $3.87
Stock Option 9/16/92 9/16/96 Common
(right to buy) $3.87 8/23/96x 3,000 Stock 3,000 $3.87
Stock Option 28,000 9/16/92 9/16/96 Common
(right to buy) $3.87 8/26/96x Stock 28,000 $3.87 ---
</TABLE>
<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.Conver3.Trans-4.Transac-5.Number of6.Date 7.Title and Amount of 8.Price9.Number10. 11. Na-
Security sion action tion Deriv- ExercisableUnderlying Securities of of Owner- ture
(Instru. 3) or Date Code ative and (Instr. 3 and 4) Deriv-Deriv- ship of In-
Exercise(Month/Day/(Instr.SecuritiesExpiration ative ative Form direct
Price Year)8) Ac- Date Secur-Secur- of De- Bene-
of quired (A) (Month/Day/ ity ities ficial
Deriv- or Year) (Instr.Bene- rivative Own-
ative Disposed 5) ficially Secu- ership
Security of (D) Owned ity: (Instr. 4)
(Instr. 3, at End (D) or
4, and 5) of Indi-
Month rect
(Instr. (I)
4) (Instr.
4)
<S> <C> <C> <C><C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CodeV (A) (D) Date Expira- Title Amount
Exer- tion or
cisableDate Number
of
Shares
Stock Option 15,000 9/16/92 9/16/96 Common
(right to buy) $3.87 8/27/96x Stock 15,000 $3.87
Stock Option 17,000 9/16/92 9/16/96 Common
(right to buy) $3.87 8/28/96x Stock 17,000 $3.87
Stock Option 20,500 9/16/92 9/16/96 Common 20,500 $3.87 36,500 D
(right to buy) $3.87 8/29/96 x Stock
</TABLE>
Explanation of Responses:
/s/KEVIN T. COLLINS 9/10 /96
Kevin T. Colllins, as Attorney-in-Fact
**Signature of Reporting Person 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.
SEC 1474 (8-92)
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