LUND INTERNATIONAL HOLDINGS INC
4, 1996-12-06
MOTOR VEHICLE PARTS & ACCESSORIES
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<PAGE>   1
                                 UNITED STATES
                       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 to Section 16.  Form 4 or Form 5
     obligations may continue.  
     See Instruction 1(b).



1.   Name and Address of Reporting Person

     Old World Industries, Inc.
     4065 Commercial Avenue
     Northbrook, Illinois  60062

2.   Issuer Name and Ticker or Trading Symbol

     Lund International Holdings, Inc. (LUND)


3.   IRS or Social Security Number of Reporting Person (Voluntary)




4.   Statement for Month/Year

     November 1996


5.   If Amendment, Date of Original (Month/Year)

     Not Applicable


6.   Relationship of Reporting Person to Issuer (Check all applicable)

     /   / Director                              / x / 10% Owner
     /   / Officer (give title below)           /   /  Other (specify below)





                                                                     Page 1 of 4
<PAGE>   2


Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

<TABLE>
<CAPTION>
                                                                                    4. Securities Acquired (A)
                                   2. Transaction          3. Transaction           or Disposed of (D)
                                   Date                    Code (Instr. 8)          (Instr. 3, 4 and 5)
1. Title of Security               (Month/Day              ---------------          --------------------------------------
(Instr. 3)                         Year)                   Code          V           Amount          (A)or(D)      Price
- --------------------               --------------          ---------------          ---------------------------------------
<S>                                <C>                      <C>                      <C>                <C>        <C>
Common Stock                       11/12/96                 P                        30,000             A          12.50
Common Stock                       11/13/96                 P                         2,000             A          12.50
Common Stock                       11/15/96                 P                         3,500             A          12.625
Common Stock                       11/18/96                 P                        11,000             A          12.625
Common Stock                       11/22/96                 P                         7,000             A          12.50
Common Stock                       11/26/96                 P                        13,000             A          12.50
Common Stock                       11/27/96                 P                         7,500             A          12.50


5. Amount of Securities
Beneficially Owned at              6. Ownership Form:                   7. Nature of Indirect
End of Month                       Direct (D) or Indirect (I)           Beneficial Ownership
(Instr. 3 and 4)                   (Instr. 4)                           (Instr. 4)
- -----------------------            --------------------------           ---------------------
       --                                      D
       --                                      D
       --                                      D
       --                                      D
       --                                      D
       --                                      D
       --                                      D
     513,000                                   D

</TABLE>


                                                                     Page 2 of 4

<PAGE>   3

 Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
            (e.g., puts, calls, warrants, options, convertible securities)


<TABLE>
<CAPTION>
                                                                                                       5. Number of Derivative
                                                                                                       Securities Acquired (A) or
                                             2. conversion or                       4. Transaction     Disposed of (D) (Instr. 3, 4,
                                             Exercise Price of    3. Transaction    Code (Instr. 8)    and 5)
                                             Derivative           Date (Month/      ---------------    -----------------------------
1. Title of Derivative Security (Instr. 3)   Security             (Day/Year)        Code       V           (A)              (D)
- ------------------------------------------   -----------------    --------------    ---------------    -----------------------------

<S>                            <C>  


NOT APPLICABLE



                                                                              9. Number of         10. Owner-                      
                               7. Title and Amount of                         Derivative           ship                            
6. Date Exercisable            Underlying Securities                          Securities           Form of              11. Nature 
and Expiration Date            (Instr. 3 and 4)                               Benefici-            Derivative            of        
(Month/Day/Year)               ----------------------      8. Price of        ally Owned           Security:            Indirect   
- ----------------------                    Amount           Derivative         at End               Direct (D) or        Beneficial 
Date           Expira-                    or Number        Security           of Month             Indirect (I)         Ownership  
Exercisable    Date             Title     of Shares        (Instr. 5)         (Instr. 4 )          (Instr. 4)           (Instr. 4)
- ----------------------         ----------------------      -----------        -------------        --------------       -----------



NOT APPLICABLE


</TABLE>



                                                                     Page 3 of 4

<PAGE>   4

Explanation of Responses:




None














                                                     OLD WORLD INDUSTRIES, INC.
                                                
                                                
Date:  November 30, 1996                        BY:  /S/ Frederic M. Schweiger
       -----------------                             -------------------------
                                                     Frederic M. Schweiger
                                                
                                                ** Signature of Reporting Person


**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.







                                                                     Page 4 of 4
<PAGE>   5

Explanation of Responses:




None














                                                     OLD WORLD INDUSTRIES, INC.
                                                
                                                
Date:  November 30, 1996                        BY:  
       -----------------                             -------------------------
                                                     Frederic M. Schweiger
                                                
                                                ** Signature of Reporting Person


**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.







                                                                     Page 4 of 4


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