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OMB APPROVAL
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OMB Number 3235-0287
Expires: April 30, 1997
Estimated average burden
hours per response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange 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
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person
Altschuler, Samuel
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(Last) (First) (Middle)
c/o Altron Incorporated, One Jewel Drive
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(Street)
Wilmington, Massachusetts 01887
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Altron Incorporated (ALRN)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
December 1997
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X ] Director [X ] 10% Owner
[X ] Officer (give title below) [ ] Other (specify below)
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 12/24/97 M 33,750 A $1.22 1,229,662 D
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Common Stock 700,312 I*
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*The beneficial interest in these shares is held by the reporting person's wife or children.
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock
Option $1.22 12/24/97 M 33,750 12/24/97 5/28/98 Common 0 0 D
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Employee Stock
Option $5.19 12/22/95 12/22/98 Common 22,500* 22,500* D
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Employee Stock
Option $10.08 * 4/19/00 Common 15,000* 15,000* D
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Employee Stock
Option $19.25 ** 12/22/00 Common 7,500* 7,500* D
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Employee Stock
Option $19.066 *** 3/12/06 Common 7,500* 7,500* D
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Employee Stock
Option $13.475 **** 9/16/06 Common 5,000 5,000 D
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Employee Stock
Option $16.225 ***** 10/22/02 Common 15,000 15,000 D
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* Options to purchase 6,000 shares are current exercisable. The remainder of this option becomes exercisable in equal
increments on April 19, 1998, 1999 and 2000
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** This option is fully exercisable
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*** Options to purchase 2,500 shares are currently exercisable. The remainder of this option becomes exercisable in equal
increments on March 12, 1998 and 1999
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**** Options to purchase 1,666 shares are currently exercisable. The remainder of this options becomes exercisable as to
1,666 shares on on September 16, 1998 and 1,667 shares on September 16, 1999
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***** This option becomes exercisable in equal increments on October 22, 1998, 1999, 2000
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</TABLE>
Explanation of Responses:
/s/Samuel Altschuler 1-5-98
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**Signature of Reporting Person Date
Samuel Altschuler
** 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 procedures.
