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FORM 4
_________________________________
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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
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Spiller Jonathan M.
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(Last) (First) (Middle)
c/o Armor Holdings, Inc.
13386 International Parkway
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(Street)
Jacksonville FL 32218
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Armor Holdings, Inc. (ABE)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
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4. Statement for Month/Year
April 1998
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
[X] Director [ ] 10% Owner
[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
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<TABLE>
<CAPTION>
TABLE I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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5. Amount of 6. Owner-
Securities ship
2. Trans- 3. Trans- 4. Securities Acquired (A) Beneficially Form:
action action or Disposed of (D) Owned at Direct 7. Nature of
Date Code (Instr. 3, 4 and 5) End of (D) or Indirect
1. Title of Security (Month/ (Instr. 8) -------------------------- Month Indirect Beneficial
(Instr. 3) Day/ ---------- Amount (A) or Price (Instr. (I) Ownership
Year) Code V (D) 3 and 4) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock 4/1/98 X 126,582 A $0.79 299,246 D
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Common Stock -- -- -- -- -- 43,541 I By Children
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (over)
* If the form is filed by more than one person, see Instruction 4(b)(v). SEC 1474 (7-96)
</TABLE>
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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)
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1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
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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)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Employee
Stock
Options
(Right
to buy) $0.79 4/1/98 X 126,582 -- -- Common Stock 126,582 $0.79 597,418 D
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Employee
Stock
Options
(Right $10.4375 9/2/
to buy)* per share -- -- -- 9/2/97 2007 Common Stock 100,000 597,418 D
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Employee
Stock
Options
(Right $11.00 12/31/ 9/2/
to buy)* per share -- -- -- 1998 2007 Common Stock 100,000 597,418 D
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Employee
Stock
Options
(Right $12.00 12/31/ 9/2/
to buy)* per share -- -- -- 1999 2007 Common Stock 50,000 597,418 D
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Employee
Stock
Options
(Right $1.00 1/19/ 1/19/
to buy)*** per share -- -- -- 1996 1999 Common Stock 24,000 597,418 D
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Employee
Stock
Options
(Right
to buy)** ** ** -- -- ** ** Common Stock 323,418 597,418 D
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</TABLE>
Explanation of Responses: * ] See Schedule A attached
** ] Hereto and made a part hereof
*** ]
/s/ Jonathan M. Spiller May 7, 1998
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Jonathan M. Spiller
** 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.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2
SEC 1474 (7-96)
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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.
