UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
(X) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Bell, William M.
P.O. Box 25848
Oklahoma City, Oklahoma 73125
USA
2. Issuer Name and Ticker or Trading Symbol
Liberty Bancorp, Inc.
LBNA
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
June, 1997
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)
Sr. Vice President
7. Individual or Joint/Group Filing (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 |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |6-1-97|J[1]| |49,047 |D |[1] |-0- |D | |
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Common Stock |6-1-97|J[1]| |7,177[2] |D |[1] |-0- |I |By ESOP Trust |
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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 | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price 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 |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option |28.875 |6-1-9|J[3]| |5,192 |D |[4] |12-16|Common Stock|5,192 |[3] |-0- |D | |
(Right to Buy) | |7 | | | | | |-02 | | | | | | |
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Employee Stock Option |34.75 |6-1-9|J[5]| |17,000 |D |[6] |7-19-|Common Stock|17,000 |[5] |-0- |D | |
(Right to Buy) | |7 | | | | | |05 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
[1] Pursuant to the merger of Liberty Bancorp, Inc. with and into Banc One
Oklahoma Corporation (the "Merger"), each share of Common Stock of
Liberty Bancorp, Inc. was converted into 1.175 shares of Banc One Corporation,
having a value of $43.25/ share as of the date of the Merger.
[2]Includes shares acquired by the Reporting Person pursuant to the Liberty
Bancorp, Inc. Salary Deferral, Profit Sharing and Employee Stock
Ownership Plan and Trust between January 1, 1997 and March 31, 1997, and shares
which were previously acquired but not allocated due to a
recordkeeping error by the Plan's
Trustee.
[3]This option was assumed by Banc one Corporation in the Merger and is now
exercisable for 6,100 shares of Common Stock of Banc One
Corporation at an exercise price of $24.57 per share, but otherwise on the same
terms.
[4]This option becomes exercisable in five equal annual installments commencing
on March 17, 1994, subject to acceleration upon certain events. As
a result of the approval of the Merger by the shareholders of Liberty Bancorp,
Inc., all previously unexercisable portions of the option became fully
exercisable on March 31,
1997.
[5]This option was assumed by Banc one Corporation in the Merger and is now
exercisable for 19,975 shares of Common Stock of Banc One
Corporation at an exercise price of $29.57 per share, but otherwise on the same
terms.
[6]This option becomes exercisable in five equal annual installments commencing
on July 19, 1996, subject to acceleration upon certain events. As a
result of the approval of the Merger by the shareholders of Liberty Bancorp,
Inc., all previously unexercisable portions of the option became fully
exercisable on March 31,
1997.
SIGNATURE OF REPORTING PERSON
/s/ William M. Bell
DATE
6-30-97
