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
MULCAHY, MICHAEL J
C/O GEHL COMPANY
143 WATER STREET
WEST BEND, WI 53095
2. Issuer Name and Ticker or Trading Symbol
GEHL COMPANY
GEHL
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
10/31/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
VICE PRESIDENT
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>
COMMON STOCK (EXERCISED STO|10/17/|M | |1,500 |A |$6.25 |(SEE BELOW) |D | |
CK OPTIONS) |97 | | | | | | | | |
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COMMON STOCK (SOLD STOCK OP|10/20/|S | |1,500 |D |$20.625 |1,100 |D | |
TION SHARES) |97 | | | | | | | | |
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COMMON STOCK | | | | | | |1,911.3255 |I |BY 401(K) PLAN |
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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 (RIGHTS TO BUY|$6.25 |10/17|M | |1,000 |D |(2) 1|1/22/|COMMON STOCK|1,000 |(1) |0 | | |
) (1) GRANT DATE: 1/23| |/97 | | | | |/22/9|98 | | | | | | |
/91 | | | | | | |4 | | | | | | | |
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OPTIONS (RIGHTS TO BUY| | | | | | |(2) 1|1/21/|COMMON STOCK|2,000 |(1) |2,000 |D | |
) (1) GRANT DATE: 1/22| | | | | | |/21/9|00 | | | | | | |
/93 | | | | | | |6 | | | | | | | |
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OPTIONS (RIGHTS TO BUY| | | | | | |(2) 1|11/18|COMMON STOCK|3,000 |(1) |3,000 |D | |
) (1) GRANT DATE: 11/1| | | | | | |1/18/|/00 | | | | | | |
9/93 | | | | | | |96 | | | | | | | |
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OPTIONS (RIGHTS TO BUY| | | | | | |(3) |12/15|COMMON STOCK|5,000 |(1) |5,000 |D | |
) (1) GRANT DATE: 12/1| | | | | | | |/01 | | | | | | |
6/94 | | | | | | | | | | | | | | |
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OPTIONS (RIGHTS TO BUY| | | | | | |(3) |12/14|COMMON STOCK|7,500 |(1) |7,500 |D | |
) (1) GRANT DATE: 12/1| | | | | | | |/02 | | | | | | |
5/95 | | | | | | | | | | | | | | |
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OPTIONS (RIGHTS TO BUY| | | | | | |(3) |12/19|COMMON STOCK|5,000 |(4) |5,000 |D | |
) (4) GRANT DATE: 12/2| | | | | | | |/06 | | | | | | |
0/96 | | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
(1) These options were granted on the transaction date indicated above to the
reporting person under the Gehl
Company 1987 Stock Option Plan, which is a Rule 16b-3
Plan.
(2) These options were subject to a three-year period following the date of
grant during which such option
vested and became exercisable on a cumulative basis with respect to one-third
of the shares
covered by the options each year. The date above reflects the date on which
the options became fully vested.
(3) These options are subject to a three-year period following the date of
grant during which such options vest
and become exercisable on a cumulative vbasis with respect to one-third of the
shares
covered by the options each year. The options are subject to immediate vesting
following the occurrence of
certain
events.
(4) These options were granted on the transaction date indicated above to the
reporting person under the Gehl
Company 1995 Stock Option Plan, which is a Rule 16b-3
Plan.
SIGNATURE OF REPORTING PERSON
/s/ Michael J. Mulcahy
DATE
11/7/97
