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 Instructions 1(b).
1. Name and Address of Reporting Person
McDonald, Garland R.
10865 Ferry Lake Road
Oil City, LA 71061
USA
2. Issuer Name and Ticker or Trading Symbol
FFP Partners, L.P.
FFP
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
October 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
of corporate general partner
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>
<CAPTION>
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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>
Class A Units |10/29/|P | |25,000 |A |$3.75 |35,000 |D |Note 1 |
|1997 | | | | | | | | |
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Class A Units | | | | | | |24,875 |I |Note 2 |
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Class A Units | | | | | | |72,209 |I |Note 3 |
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<CAPTION>
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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>
Options to purchase Cl|$3.75 | | | | | |Note |11/16|Class A Unit|25,000 | |25,000 |D | |
ass A Units | | | | | | |4 |/02 |s | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
Note 1: Held by Individual Retirement Account for the benefit of Mr.
McDonald.
Note 2: Represents Mr. McDonald's proportionate (50%) interest in the 49,750
Class A Units held by Gas-Go, Inc.
Mr. McDonald is a director and vice-president of Gas-Go and owns 50% of its
voting securities.
Note 3: Represents Mr. McDonald's proportionate (50%) interest in the 144,417
Class A Units held by Hi-Lo
Distributors, Inc. Mr. McDonald is a director and the president of Hi-Lo and
owns 50% of its voting securities.
Note 4: All options are currently
exercisable.
SIGNATURE OF REPORTING PERSON
Garland R. McDonald
DATE
11/06/97
