FORM 5
[ ] Check this box if no longer subject
to Section 16. Form 4 or Form 5
obligations may continue. See
Instructions 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL 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
Ehrlich Burtt R.
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(Last) (First) (Middle)
20 Brynwood Lane
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(Street)
Greenwich CT 06831
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(City) (State) (Zip)
_______________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
ARMOR HOLDINGS, INC. (ABE)
_______________________________________________________________________________
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
_______________________________________________________________________________
4. Statement for Month/Year
December 31, 1996
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5. If Amendment, Date of Original (Month/Year)
_______________________________________________________________________________
6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] 10% Owner
[X] Director
[ ] Officer (give title below)
[ ] Other (specify below)
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_______________________________________________________________________________
7. Individual or Joint/Group Reporting
[X] Forms Filed by One Reporting Person
[ ] Forms Filed by More than One Reporting Person
Page 1
<PAGE>
FORM 5 (continued)
<TABLE>
<CAPTION>
TABLE I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ------------------------------------------------------------------------------------------------------------------------
1. 2. 3. 4. 5. 6. 7.
- --------------------- -------- ---------- ------------------------------ ----------- ---------- ----------
Amount of Owner-
Securities ship
Trans- Trans- Securities Acquired (A) Beneficially Form:
action action or Disposed of (D) Owned at Direct Nature of
Date Code (Instr. 3, 4 and 5) End of (D) or Indirect
Title of (Month/ (Instr. 8) ---------------------------- Month Indirect Beneficial
Security Day/ ---------- Amount (A) or Price (Instr. (I) Ownership
(Instr. 3) Year) Code V (D) 3 and 4) (Instr. 4) (Instr. 4)
- --------------------- -------- ---- ---- ----------- ------ --------- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 12/18/96 C 4 50,000 A $5.00/sh. 157,000 D
Common Stock -- -- -- -- -- -- 20,600 I Child Trust
Common Stock -- -- -- -- -- -- 10,000 I By Children
Common Stock -- -- -- -- -- -- 400 I Spouse IRA
</TABLE>
Page 2
<PAGE>
FORM 5 (continued)
<TABLE>
<CAPTION>
TABLE II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
- ---------- -------- -------- -------- ---------- ------------ -------------- ------ ---------- --------- ----------
Title and Ownership
Number of Date Exer- Amount of Form of
Derivative cisable and Underlying Number of Deriv-
Securities Expiration Securities Price Derivative ative
Conver- Trans- Acquired (A) Date (Month/ (Instr. 3 of Securities Security:
sion or Trans- action or Disposed Day/Year) and 4) Deriv- Benefi- Direct
Exercise action Code of (D) -------------- -------------- ative cially (D) or Nature of
Title of Price of Date (Instr. (Instr. 3, Date Amount Secur- Owned at Indirect Indirect
Derivative Deriv- (Month/ 8) 4 and 5) Exer- Expir- or Num- ity End of (I) Beneficial
Security ative Day/ -------- ---------- cis- ation ber of (Instr. Month (Instr. Ownership
(Instr. 3) Security Year) Code V (A) (D) able Date Title Shares 5) (Instr. 4) 4) (Instr. 4)
- ---------- -------- -------- ---- --- ---- ---- ------- ----- ----- ------ ------ ---------- -------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
5% $5/sh. 4/30/96 P $250,000 Immed. 4/30/2001 Common 50,000 $250,000 $250,000 D
Convertible Stock
Subordinated
Notes
due $5/sh. 12/18/96 C 4 $250,000 Immed. 4/30/2001 Common 50,000 $ 0
April 30, Stock
2001
Non-Employee $3.75/sh. 1/18/96 A 75,000 * 1/18/2006 Common 75,000 $ 75,000 D
Director Stock
Stock
Options
(Right to
buy)*
</TABLE>
Explanation of Responses:
* Granted under the Armor Holdings, Inc. 1996 Non-Employee Directors
Stock Option Plan, which is a Rule 16b-3 plan. The options become
exercisable in 1/3 increments on January 18, 1997, 1998 and 1999.
/s/ Burtt R. Ehrlich February 11, 1997
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** Signature of Reporting Person Date
BURTT R. EHRLICH
** 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.
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