FORM 3
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
|_____________________|
INITIAL STATEMENT OF |OMB NUMBER: 3235-0104|
BENEFICIAL OWNERSHIP OF SECURITIES |EXPIRES: |
| DECEMBER 31, 2001 |
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
___________________________________________________________________________
1. Name and Address of Reporting Person
Maxwell John D.
_______________________________________________________________________
(Last) (First) (Middle)
100 Tri-State Drive Suite 200
_______________________________________________________________________
(Street)
Lincolnshire IL 60069
_______________________________________________________________________
(City) (State) (Zip)
___________________________________________________________________________
2. Date of Event Requiring Statement (Month/Day/Year)
01/31/00
___________________________________________________________________________
3. I.R.S. Identification Number of Reporting Person, if an entity
(voluntary)
___________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol
Ivex Packaging Corporation / IXX
___________________________________________________________________________
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
___________________________________________________________________________
6. If Amendment, Date of Original (Month/Day/Year)
___________________________________________________________________________
7. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
===========================================================================
TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
___________________________________________________________________________
|1. Title of Security|2. Amount of |3. Ownership |4. Nature of |
| (Instr. 4) | Securities | Form: Direct| Indirect |
| | Beneficially| (D) or | Beneficial |
| | Owned | Indirect (I)| Ownership |
| | (Instr. 4) | (Instr. 5) | (Instr. 5) |
| | | | |
| Common Stock | 2900 | D | |
|____________________|_______________|_______________|____________________|
===========================================================================
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
___________________________________________________________________________
1. Title of Derivative Security (Instr. 4)
Employee Stock Option (right to buy)
___________________________________________________________________________
2. Date Exercisable and Expiration Date (Month/Day/Year)
(1) See Explanation (1) 9/30/07
(2) See Explanation (2) 12/31/08
(3) See Explanation (3) 6/28/09
(4) See Explanation (4) 12/31/09
_______________________ _______________
Date Exercisable Expiration Date
___________________________________________________________________________
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
(1) 1,000
(2) 5,000
(3) 10,000
Common Stock (4) 15,000
______________ __________________________
Title Amount or Number of Shares
___________________________________________________________________________
4. Conversion or Exercise Price of Derivative Security
(1) $16.00 (2) $23.25 (3) $21.44 (4) $10.00
___________________________________________________________________________
5. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 5)
D
___________________________________________________________________________
6. Nature of Indirect Beneficial Ownership (Instr. 5)
===========================================================================
EXPLANATION OF RESPONSES:
(1) Option vests in three equal instalments beginning 9/30/98.
(2) Option vests in three equal instalments beginning 12/31/99.
(3) Option vests in three equal instalments beginning 6/28/00.
(4) Option vests in three equal instalments beginning 12/31/00.
/s/ John D. Maxwell February 10, 2000
_____________________________________ __________________
** SIGNATURE OF REPORTING PERSON DATE
_____________________________
** 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 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.
===========================================================================
