FORM 4
[ ] Check this box if no longer
subject to Section 16.
Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
1. Name and Address of Reporting Person*
Lutz Alan G.
(Last) (First) (Middle)
8 Ivy Pond Place
(Street)
The Woodlands TX 77381
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
C&D TECHNOLOGIES, INC. (CHP)
3. IRS or Social Security Number of Reporting Person
(Voluntary)
4. Statement for Month/Year
06/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all
applicable)
_X_ Director ___ 10% Owner
___ Officer (give title below) ___ Other (specify below)
<PAGE>
FORM 4 (continued)
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 I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially owned
1. Title of Security (Instr. 3)
Common Stock
2. Transaction Date(Month/Day/Year)
06/30/98
3. Transaction Code (Instr. 8)
A
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount (A) or (D) Price
207 A $58.00
5. Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
707
6. Ownership Form: Direct (D) or Indirect (I)(Instr. 4)
D
7. Nature of Indirect Beneficial Ownership (Instr. 4)
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see
Instructions 4(b)(v).
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or
Beneficially Owned (e.g., puts, calls, warrants,
options, convertible securities)
1. Title of Derivative Security (Instr. 3)
Stock Option (Right to Buy)
2. Conversion or Exercise Price of Derivative Security
$58.00
3. Transaction Date (Month/Day/Year)
06/30/98
4. Transaction Code (Instr. 8)
A
5. Number of Derivative Securities Acquired (A) or Disposed of
(D) (Instr. 3, 4, and 5)
(A) 1,000 (D)
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable 06/30/98 Expiration Date 06/30/2008
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title Amount or Number of Shares
Common Stock 1,000
8. Price of Derivative Security (Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of
Month (Instr. 4)
1,000
10. Ownership Form of Derivative Security: Direct (D) or
Indirect (I) (Instr. 4)
D
11. Nature of Indirect Beneficial Ownership (Instr. 4)
Explanation of Responses:
<PAGE>
FORM 4 (continued)
/s/Alan G. Lutz 07/08/98
**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.
