U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 4
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check 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
RUDA, JOHN R.
1001 SANTERRE DRIVE
GRAND PRIARIE, TX 75050
2. Issuer Name and Ticker or Trading Symbol
OAKHURST COMPANY, INC.
(OAKC)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
May 1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
SENIOR VICE PRESIDENT
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
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 Year |ect(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
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 | | | |Year |(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option |2.750 |05/01|H* | |20,827 |D |08/29|08/29|COMMON STOCK|20,827 | |-0- | | |
(right to buy) | |/96 | | | | |/91 |/01 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option |2.000 |05/01|T | |20,827 |A |08/29|08/29|COMMON STOCK|20,827 | |20,827 |D | |
(right to buy) | |/96 | | | | |/91 |/01 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option |2.750 |05/01|H** |V|15,000 |D |*** |04/29|COMMON STOCK|15,000 | |-0- | | |
(right to buy) | |/96 | | | | | |/94 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Employee Stock Option |2.000 |05/01|A |V|15,000 |A |*** |04/29|COMMON STOCK|15,000 | |15,000 |D | |
(right to buy) | |/96 | | | | | |/94 | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
* Cancellation of option granted 8/29/91 and issuance of a replacement
option.
**Cancellation of option in connection with the grant of a replacement option,
exempt under Rule 16b-(f)(1).
*** Exercisable in three installments on 4/29/94 and the following two
anniversaries thereof.
DATE
August 1, 1996
