UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16. Form
4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person
Jonas Gerstl
350 Park Avenue, 11th Floor
New York, New York 10022
2. Issuer Name and Ticker or Trading Symbol
AEP Industries, Inc.
AEPI
3. IRS Number of Reporting Person (Voluntary)
4. Statement for Month/Year
10/00
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s)to Issuer (Check all
applicable)
( ) Director (X) 10% Owner* ( ) Officer (give title
below) ( ) Other (specify below)
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>
<CAPTION>
TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
<S> <C> <C> <C> <C> <C> <C>
1. Title of Security| 2. Transaction| 3. Transaction| 4. Securities | 5. Amount of | 6. Ownership |7. Nature of |
(Instr. 3) | Date | Code | Acquired (A) | Securities | Form: | Indirect |
| | (Instr. 8) | or Disposed | Beneficially | Direct (D) | Beneficial|
| (Month/ | | of (D) | Owned at End | or Indirect| Ownership |
| Day/ | | (Instr. 3,4, | of Month | (I) | (Instr. 4)|
| Year) | | and 5) | (Instr. 3 and 4)| (Instr. 4) | |
| | | | |(A) or| | | | |
| | Code | V | Amount|(D) |Price| | | |
_________________________________________________________________________________________________________________________________
Common Stock 0 D
Common Stock (See attached Schedule A) 7,980 I (1)
Common Stock (See attached Schedule B) 1,122,233 I (2)
</TABLE>
<TABLE>
<CAPTION>
TABLE II -- DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
<S> <C> <C> <C> <C> <C> <C>
1. Title of | 2. Conver- | 3. Trans- | 4. Trans- | 5. Number of | 6. Date Exer- | 7. Title and Amount |
Derivative | sion or | action | action | Derivative | cisable and | of Underlying |
Security | Exercise | Date | Code | Securities | Expiration | Securities |
(Instr. 3) | Price of | (Month/ | (Instr. | Acquired | Date | (Instr. 3 and 4) |
| Deri- | Date/ | 8) | (A) or | (Month/Day/ | |
| vative | Year) | | Disposed of | Year) | |
| Security | | | (D) (Instr. | | |
| | | | 3, 4 and 5) | | |
| | |____________|_________________|___________________|_____________________|
| | | | | | | | | | |
| | | | | | | Date | Expira- | | Amount or |
| | | | | | | Exer- | tion | | Number of |
| | | Code | V | (A) | (D) | cisable | Date | Title | Shares |
___________________|_____________|____________|______|_____|________|________|_________|_________|________|____________|
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</TABLE>
<TABLE>
<S> <C> <C> <C>
| 8. Price of | 9. Number of | 10. Ownership | 11. Nature of |
| Derivative | derivative | Form of | Indirect |
| Security | Securities | Derivative | Beneficial |
| (Instr. 5) | Benefi- | Security | Ownership |
| | cially | Direct (D) | (Instr. 4) |
| | Owned at | or Indirect | |
| | End of | (I) (Instr. | |
| | Month | 4) | |
| | (Instr. 4) | | |
|_______________________|___________________|___________________|_________________|
</TABLE>
<PAGE>
Explanation of Responses:
* In accordance with Instruction 4(b)(ii) and Exchange Act
Rule 16a-1(a)(2)(ii)(C), the entire amount of the Issuer's
securities held by a managed account with which the
undersigned is party to an investment management agreement
is reported herein. The undersigned disclaims any
beneficial ownership of any of the securities to which this
note relates for purposes of Section 16 of the Securities
Exchange Act of 1934, as amended.
** The securities to which this note relates are held by
partnerships of which the undersigned is a managing member
of the general partner. In accordance with Instruction
4(b)(iv) the entire amount of the Issuer's securities held
by the partnerships is reported herein. The undersigned
disclaims any beneficial ownership of any of the Issuer's
securities to which this note relates for purposes of
Section 16 of the Securities Exchange Act of 1934, as
amended, except as to securities representing the
undersigned's pro-rata partnership interest in, and
interest in the profits of, the partnerships.
Signature of Reporting Person:
/s/Jonas Gerstl
__________________________
Jonas Gerstl
Date: October 19, 2000
**** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 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 is sufficient, see Instruction 6 for
procedure.
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<TABLE>
<CAPTION>
Schedule A
<S> <C> <C> <C>
Trade Date Transaction Type Quantity Price Per Share
10/3/00 BUY 100 33.86
10/4/00 BUY 100 33.81
10/5/00 BUY 200 33.91
10/6/00 BUY 100 34.00
10/9/00 BUY 100 33.99
10/10/00 BUY 100 33.97
10/11/00 BUY 100 33.91
10/12/00 BUY 151 33.92
10/13/00 BUY 276 34.02
10/16/00 BUY 156 34.06
10/18/00 BUY 100 33.93
10/19/00 BUY 100 34.07
10/20/00 BUY 100 34.01
10/23/00 BUY 100 34.03
10/24/00 BUY 100 34.16
10/26/00 BUY 100 34.16
10/27/00 BUY 100 34.21
10/30/00 BUY 36 34.24
</TABLE>
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<TABLE>
<CAPTION>
Schedule B
<S> <C> <C> <C>
Trade Date Transaction Type Quantity Price Per Share
10/2/00 BUY 4200 33.91
10/3/00 BUY 5300 33.86
10/4/00 BUY 11300 33.81
10/5/00 BUY 6000 33.91
10/6/00 BUY 6000 34.00
10/9/00 BUY 7500 33.99
10/10/00 BUY 5700 33.97
10/11/00 BUY 10600 33.91
10/12/00 BUY 14949 33.92
10/13/00 BUY 27324 34.02
10/16/00 BUY 15444 34.06
10/17/00 BUY 4400 34.03
10/18/00 BUY 7600 33.93
10/19/00 BUY 10600 34.07
10/20/00 BUY 5300 34.01
10/23/00 BUY 7200 34.03
10/24/00 BUY 12300 34.16
10/25/00 BUY 1700 34.21
10/26/00 BUY 6700 34.16
10/27/00 BUY 6100 34.21
10/30/00 BUY 3564 34.24
10/31/00 BUY 2900 34.30
</TABLE>
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