UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
(X) Form 4 Transactions Reported
1. Name and Address of Reporting Person
ARNSTEIN, IRWIN S.
222 Municipal Drive
Richardson, TX 75080-3583
USA
2. Issuer Name and Ticker or Trading Symbol
CompuTrac, Inc.
LLB
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
FY ended 01/31/97
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)
Vice President - LFMS Development
7. Individual or Joint/Group Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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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 |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock, $.01 par value |02/96 |P.1 |250 |A |1.675 | |D | |
per share | | | | | | | | |
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Common Stock, $.01 par value |07/96 |P.2 |9 |A |2.1020 | |D | |
per share | | | | | | | | |
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Common Stock, $.01 par value |01/97 |P.3 |1,301 |A |2.0718 |2,383 |D | |
per share | | | | | | | | |
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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 |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice 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 | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
P.1 - Purchased through CompuTrac Employee Stock Purchase Plan. Not
previously reported. Rule 16b.3 exempt.
P.2 - Purchased through CompuTrac Employee Stock Purchase Plan. Amount
previously reported on 10/09/96 Form 4 had number transposed (1,023
reported - 1,032 actually purchased, making a difference of 9 shares.) Rule
16b.3 exempt.
P.3 - Purchases made through CompuTrac Employee Stock Purchase Plan from
August, 1996 through January, 1997. Purchase prices range from a
low of $1.8810 to a high of $2.4469. Rule 16b.3
exempt.
SIGNATURE OF REPORTING PERSON
\s\ Irwin S. Arnstein
DATE
February 10, 1997
