<PAGE>
FORM 4
[ ] Check this box if no longer subject
to Section 16. Form 4 or Form 5
obligations may continue. See
Instructions 1(b).
U.S. 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
Spiller Jonathan M.
- -----------------------------------------------------
(Last) (First) (Middle)
c/o Armor Holdings, Inc.
13386 International Parkway
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(Street)
Jacksonville, FL 32218
- -----------------------------------------------------
(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
October 1997
_______________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)
_______________________________________________________________________________
6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] 10% Owner
[X] Director
[X] Officer (give title below)
[ ] Other (specify below)
President and Chief Executive Officer
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_______________________________________________________________________________
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
_______________________________________________________________________________
Page 1
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FORM 4 (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 - - - - - 172,664 D
Common Stock - - - - - 43,541 I By Children
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Print or Type Responses)
Page 2
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FORM 4 (continued)
<TABLE>
<CAPTION>
TABLE II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
- ------------------------------------------------------------------------------------------------------------------------------
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>
Employee $10.4375 9/2/97 A 100,000 9/2/97 9/2/2007 Common 100,000 724,000 D
Stock per share Stock
Options
(Right to
buy)*
Employee $11.00 9/2/97 A 100,000 12/31/98 9/2/2007 Common 100,000 724,000 D
Stock per share Stock
Options
(Right to
buy)*
Employee $12.00 9/2/97 A 50,000 12/31/99 9/2/2007 Common 50,000 724,000 D
Stock per share Stock
Options
(Right to
buy)*
Employee ** ** - - ** ** Common 450,000 724,000 D
Stock Stock
Options
(Right to
buy)**
Employee $1.00 - - - 1/19/96 1/19/99 Common 24,000 724,000 D
Stock per share Stock
Options
(Right to
buy)***
</TABLE>
Explanation of Responses:
*] See Schedule A attached
**] hereto and made a part
***] hereof for explanation of responses
/s/ JONATHAN M. SPILLER November 3, 1997
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** 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.
Page 3
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SCHEDULE A
EXPLANATION OF RESPONSES
FOR JONATHAN M. SPILLER
------------------------
* These options were granted under the Armor Holdings, Inc. (the "Company")
Amended and Restated 1996 Stock Option Plan as of September 2, 1997, subject to
the approval of the Option Committee of the Board of Directors of the Company.
The options were approved by the Option Committee and ratified by the Board of
Directors on October 29, 1997.
** These options were granted under the Company's 1994 Incentive Stock
Plan between January 1, 1994 and December 12, 1995, at exercise prices
ranging from $.79 to $1.05 per share, and will expire at various times
between January 1, 2004 and March 28, 2005. All of these options vested
and became exercisable on January 18, 1996, due to a change in control of
the Company.
*** These options were granted as of January 19, 1996 and ratified by the
Board of Directors of the Company on March 4, 1996. These options are
non-qualified options not granted pursuant to any stock option plan. The
option grant was originally for 50,000 shares, but was subject to reduction
upon the occurrence of certain events, as set forth in the letter agreement
between the reporting person and Kanders Florida Holdings, Inc., a principal
stockholder of the Company. Such letter agreement is filed as an exhibit to
the reporting person's Schedule 13D, as amended. The option grant was reduced
pursuant to the terms of said letter agreement and the option agreement entered
into between the reporting person and the Company to 24,000 shares, the number
of shares of Common Stock sold by the reporting person on November 8, 1996.
