U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
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
1. Name and Address of Reporting Person: Birrittella, Martin P.
1 River Street (Bldg. 52)
Hastings on Hudson, NY 10706
2. Issuer Name and Ticker or Trading Symbol: PTI Holding Inc. (PTII)
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Statement for Month/Year: September, 1997
5. If Amendment, Date of Original (Month/Year):
6. Relationship of Reporting Person (Check all applicable)
[ ] Director [ X] 10% Owner
[ ] Officer (give [ ] Other (specify
title below) below)
<TABLE>
TABLE 1: NON-DERIVATIVE SECURITIES ACQUIRED,DISPOSED OF,OR BENEFICIALLY OWNED
<CAPTION>
Title of Trans- Trans- Securities Amount of Owner- Nature
Security action action Acquired (A) Securities ship of In-
(Inst. Date Code or Disposed Owned at Form: Direct
3) (Month/ (Inst. of (D) (Inst. End of Direct Benefic-
Day/ 8) 3, 4, and 5) Month (D) or ial Own-
Year) (Inst. 3 Indirect ership
(A) or and 4) (I) (Inst.4)
Code V Amount (D) Price (Inst.4)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Com 9/10/97 S 150,000 D 7.00 262,738 D
</TABLE>
<TABLE>
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., puts, calls, warrants, convertible securities)
<CAPTION>
Title Con- Trans- Trans- Number of Date Exer- Title and Price Number Owner- Nature
of ver- action action Deriv- cisable Amount of of of ship of
Deriv- sion Date Code ative and Expir- Underlying Deriv- Deriv- Form Indirect
ative or (Day/ (Inst.8) Secur- ation Date Securities ative ative of Bene-
Sec- Exer- Month/ ities (Day/Month Secur- Secur- Deriv- ficial
urity cise Year) Acquired Year) ity ities ative Own-
(Inst. Price (Inst. (A) or (Inst. Bene- Secur- ership
3) of 8) Disposed 5) ficially ity: (Inst.4)
Deriv- of (D) Owned Direct
ative (Inst. at end (D) or
Secur- 3,4,5) of Indirect
ity Month (I)
(Inst.4) (Inst.4)
Date Expir-
Exer- ation
Code V A D cisable Date Title Amount
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
</TABLE>
Signature of Reporting Person: /s/ Martin P. Birrittella
Date: October 15, 1997
