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FORM 5 OMB APPROVAL
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OMB Number: 3235-0362
Expires: September 30, 1998
Estimated average burden
hours per response ...... 1.0
-----------------------------
/ / Check box if no U.S. SECURITIES AND EXCHANGE COMMISSION
longer subject to WASHINGTON, DC 20549
Section 16. Form
4 or Form 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
obligations may
continue. See Filed pursuant to Section 16(a) of the Securities
Instruction 1(b) Exchange Act of 1934,
/X/ Form 3 Holdings Section 17(a) of the Public Utility
Reported Holding Company Act of 1935 or Section 30(f) of
/ / Form 4 the Investment Company Act
Transactions of 1940
Reported
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
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1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Lee, Jimmy S.H. Mercer International Inc. (MERCS) Issuer (Check all applicable)
- - ------------------------------------------- ---------------------------------------------- Director 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
Burglistrasse 6, Postfach Number of Reporting Month/Year X Officer (give X Other(specify
- - ------------------------------------------- Person (Voluntary) 1998 ---- title --- below)
(Street) ------------------- below)
8002 Zurich Switzerland 5. If Amendment, Chief Executive Officer
- - ------------------------------------------- Date of Original and Trustee
(City) (State) (Zip) (Month/Year) ------------------------------
7. Individual or Joint/Group Filing
------------------ (Check applicable line)
X Form Filed by One
---- Reporting Person
Form Filed by more than
---- One Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ ---------------------------- Indirect Owner-
Year) Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock 14,000 D
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*If the form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses)
</TABLE>
<PAGE> 2
<TABLE>
<CAPTION>
FORM 5 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
-----------------------------------
Date Expira- Amount or
--------------- Exer- tion Title Number of
(A) (D) cisable Date Shares
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Employee Stock Option
(Right to Buy) $18.47 12/24/96 A 75,000 12/24/96 12/24/06 Common 75,000
(2) Stock
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Employee Stock Option
(Right to Buy) $ 8.50 7/8/97 A 160,000 7/8/97 7/8/07 Common 160,000
(2)
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Employee Stock Option
(Right to Buy) $ 6.00 10/28/98 A 90,000 10/28/98 10/28/08 Common 90,000
(2)
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</TABLE>
<TABLE>
<CAPTION>
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<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative of Derivative Indirect
(Instr. 3) Securities Security: Beneficial
Beneficially Direct (D) Ownership
Owned at End or Indirect (I) (Instr. 4)
of Month (Instr. 4)
(Instr. 4)
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Employee Stock Option
(Right to Buy) 75,000 D
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Employee Stock Option
(Right to Buy) 160,000 D
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Employee Stock Option
(Right to Buy) 90,000 D
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Explanation of Responses:
</TABLE>
(1) Granted pursuant to the issuer's Amended and Restated 1992 Stock Option
Plan.
(2) One-third of the options vests upon grant and one third vests on each
of the first two anniversaries of the grant date.
/s/ Jimmy S. H. Lee 2/26/99
_______________________________ _____________
**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.
