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
GEHL, WILLIAM D
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
10/31/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
CHAIRMAN, PRESIDENT & CEO
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 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|10/23/|M | |30,000 |A |$8.50 |(SEE BELOW) |D | |
CK OPTIONS) |98 | | | | | | | | |
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COMMON STOCK (EXERCISED STO|10/26/|S | |4,000 |D |$13.8125 |(SEE BELOW) |D | |
CK OPTIONS) |98 | | | | | | | | |
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COMMON STOCK (EXERCISED STO|10/27/|S | |4,000 |D |$13.5625 |(SEE BELOW) |D | |
CK OPTIONS) |98 | | | | | | | | |
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COMMON STOCK (EXERCISED STO|10/28/|S | |7,000 |D |$13.5625 |(SEE BELOW) |D | |
CK OPTIONS) |98 | | | | | | | | |
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COMMON STOCK (EXERCISED STO|10/29/|S | |15,000 |D |$13.5625 |99,230 |D | |
CK OPTIONS) |98 | | | | | | | | |
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<CAPTION>
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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>
OPTION (RIGHTS TO BUY)|$8.50 |10/26|M | |30,000 |D |(3) 7|7/18/|COMMON STOCK|30,000 |(1) |70,000 |D | |
(1) GRANT DATE: 07/1| |/98 | | | | |/19/9|05 | | | | | | |
9/95 | | | | | | |8 | | | | | | | |
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OPTION (RIGHTS TO BUY)| | | | | | |(2) |10/16|COMMON STOCK|21,000 |(1) |21,000 |D | |
(1) GRANT DATE: 10/1| | | | | | | |/07 | | | | | | |
7/97 | | | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
(1) These options were granted on the transaction date indicated above to the
reporting person under the Gehl
Company 1995 Stock Option Plan. The options include the
right,
upon exercise thereof, to have Gehl Company withhold shares of common
stock otherwise issuable upon
exercise to satisfy Gehl Company's tax withholding
obligations.
(2) 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 basis 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.
(3) These options were subject to a three-year period following the date of
grant during which such options
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.
SIGNATURE OF REPORTING PERSON
/s/ William D. Gehl, by POA Laurence M. Schwartz
DATE
11/5/98
