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<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
MIKULSKI, STANISLAW ALFACELL CORPORATION (ACEL) (Check all applicable)
M.
___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) MAY 1996
EXECUTIVE VICE PRESIDENT AND VICE
PRESIDENT,
MEDICAL AFFAIRS
(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 5/13/96 S 15,000 D $4.29
Common Stock 5/10/96 S 15,000 D $4.88 371,250 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 (right to 25,0009/16/929/16/96Common Stock
buy) $3.87 5/3/96 x 25,000 $3.87
Stock Option (right to 15,0009/16/929/16/96Common Stock D ___
buy) $3.87 5/10/96x 15,000 $3.87 210,000
</TABLE>
Explanation of Responses:
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
/S/ STANISLAW MIKULSKI
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.
If space provided is insufficient, SEE Instruction 6 for procedure.
SEC 1474 (8-92)
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