FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
INITIAL STATEMENT OF |_____________________|
BENEFICIAL OWNERSHIP OF SECURITIES |OMB NUMBER: 3235-0104|
|EXPIRES: |
| SEPTEMBER 30, 1998 |
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE 0.5 |
Holding Company Act of 1935 |_____________________|
or Section 30(f) of the Investment
Company Act of 1940
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1. Name and Address of Reporting Person
Crichton Robert W.
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(Last) (First) (Middle)
100 Tri-State Drive, Suite 200
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(Street)
Lincolnshire IL 60069
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
February 26, 1998
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3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY)
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4. Issuer Name and Ticker or Trading Symbol
Ivex Packaging Corporation/IXX
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5. RELATIONSHIP OF REPORTING PERSON(S) TO ISSUER (CHECK ALL APPLICABLE)
( ) DIRECTOR
( ) 10% OWNER
(X ) OFFICER (GIVE TITLE BELOW)
( ) OTHER (SPECIFY TITLE BELOW)
Vice President and General Manager
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6. IF AMENDMENT, DATE OF ORIGINAL (MONTH/DAY/YEAR)
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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 BENEFICIALLY OWNED
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|1. TITLE OF SECURITY|2. AMOUNT OF |3. OWNERSHIP |4. NATURE OF INDIRECT |
| (INSTR. 4) | SECURITIES | FORM DIRECT| BENEFICIAL
OWNERSHIP|
| | BENEFICIALLY| DIRECT (D) | (INSTR. 5)
|
| | OWNED | OR INDIRECT|
|
| | (INSTR. 4) | (I) (INSTR.|
|
| | | 5) |
|
|____________________|_______________|______________|_____________________
__|
[TYPE ENTRIES HERE]
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TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security (Instr. 4)
Stock Options (right to buy)
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2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
1. (1)
1. 9/29/07
2. (2) 2. 2/25/08
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3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
Title Amount of Number of Shares
1. Common Stock 1.
7,500
2. Common Stock 2. 10,000
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4. Conversion or Exercise Price of Derivative Security
1. $16.00 2. $22.50
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5. Ownership Form of Derivative Security: Direct(D) or Indirect(I)(Instr. 5)
1. D 2.
D
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6. Nature of Indirect Beneficial Ownership (Instr. 5)
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EXPLANATION OF RESPONSES:
1. These options vest in three equal annual installments beginning
on 9/29/98.
2. These options vest in three equal annual installments beginning
on 2/26/99.
/s/ Robert W. Crichton 3/06/98
** SIGNATURE OF REPORTING PERSON DATE
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** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS.
SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A).
NOTE: FILE THREE COPIES OF THIS FORM, ONE OF WHICH MUST BE MANUALLY
SIGNED. IF SPACE PROVIDED IS INSUFFICIENT, SEE INSTRUCTION 6 FOR PROCEDURE
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOR REQUIRED TO RESPOND UNLESS THE FORM
DISPLAYS A CURRENTLY VALID OMB NUMBER.
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