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- ------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION ----------------------------
Washington, D.C. 20549
FORM 4 OMB APPROVAL
STATEMENT OF CHANGES IN BENEFICIAL
- ------------------------ OWNERSHIP ----------------------------
/_/ Check this box if no OMB Number: 3235-0287
longer subject to Filed pursuant to Section 16(a) of the Expires:
Section 16. Form 4 Securities Exchange Act of 1934, Section 17(a) Estimated average
or Form 5 of the Public Utility Holding Company Act of burden hours per
obligations may 1935 or Section 30(f) of the Investment Company response............... 0.5
continue. See Act of 1940 ----------------------------
Instruction 1(b).
(Print or Type Responses)
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1. Name and Address of 2. Issuer Name AND Ticker or 6. Relationship of Reporting
Reporting Person* Trading Symbol Person(s) to Issuer
(Check all applicable)
Arguss Holdings, Inc. _x_ Director __ 10% Owner
Winslow Peter L. (ARGX) ___ Officer (give __ Other (specify
________________________________ title below)
(Last) (First) (Middle) below)
_______________________________
One Church Street 3. IRS or Social 4. Statement
________________________________ Security Number for
(Street) of Reporting Month/Year
Person
(Voluntary) 05/99
Rockville MD 20850
________________________________ 5. If 7. Individual or Joint/Group
(City (State) (Zip) Amendment, Filing
Date of (Check Applicable Line)
Original _X__Form filed by One Reporting
(Month/ Person
Year) ____Form filed by More than One
Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<S> <C> <C> <C> <C> <C> <C>
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired 5. Amount 6. Owner- 7. Nature
(Instr. 3) action action (A) or of ship of
Date Code Disposed of (D) Securities Form: Indirect
(Month/ (Instr.8) (Instr. 3, 4 and 5) Benefi- Direct (D) Beneficial
Day/ cially or Indi- Ownership
Year) Owned at rect (I) (Instr. 4)
End of (Instr. 4)
Month
(Instr. 3
and 4)
____________ ___________________________
Code V Amount (A) or Price
(D)
Common Stock 5/21/99 S 900 shs (D) $16.875 40,667 (D)
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Reminder: Report on a separate line for each class of
securities beneficially owned directly or indirectly.
(Over)
SEC 1474 (7-96)
<PAGE>
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FORM 4 (continued) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1. Title of 2. Con- 3. Trans- 4. Trans- 5. Num- 6. Date 7. Title 8. Price 9. Num- 10. Own- 11. Na-
Derivative version action action ber of Exercis- and Amount of De- ber of ership ture of
Security or Date Code Deri- able and of Under- rivative Deriva- Form of Indi-
(Instr. 3) Exer- (Month/ (Instr. vative Expiration lying Secu- Secu- tive Deriva- rect Ben-
cise Day/ 8) Secu- Date rities rity Securi- tive Se- eficial
Price Year) rities (Month/Day/ (Instr. 3 (Instr. ties Ben- curity: Owner-
of De- Acquired Year) and 4) 5) eficially Direct ship
rivative (A) or Owned at (D) or (Instr.
Security Disposed End of Indirect 4)
of (D) Month (I)
(Instr. 3, (Instr. (Instr.
4, and 5) 4) 4)
__________ ___________ ____________ _____________
Code V (A) (D) Date Expi- Title Amount
Exer- ra- or
cis- tion Number
able Date of
Shares
- ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses:
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations.
SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/ Peter L. Winslow 06/10/99
------------------------------------------ ---------------
** Signature of Reporting Person Date
Peter L. Winslow
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Note: File three copies of this Form, one of which must be manually signed.
If space 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)
