UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Check this 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
Pierce, Andrew W.
3006 Highland Drive, Suite 206
Salt Lake City, UT 84106
2. Issuer Name and Ticker or Trading Symbol
FX Energy, Inc.
FXEN
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
March 1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
Director [X]
10% Owner [X]
Officer [X] (give title below)
Vice President, Chief Operations Officer
Other
7. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person [X]
Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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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 Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock, par
value $0.001 3/16/99 P 2,000 A $5.1875
Common Stock, par
value $0.001 3/16/99 P 2,000 A $5.3125 218,000 D
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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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 | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Option to purchase $3.00 (Note 1) 6/9/04 common stock 500,000 500,000 D
common stock
Option to purchase $3.00 10/6/95 10/6/00 common stock 50,000 50,000 D
common stock
Option to purchase $8.875 11/5/96 11/5/01 common stock 65,000 65,000 D
common stock (Note 2)
Option to purchase $6.625 12/1/98 11/30/04 common stock 45,000 45,000 D
common stock (Note 3)
Option to purchase $8.625 11/10/99 11/10/05 common stock 50,000 50,000 D
common stock (Note 3)
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</TABLE>
[FN]
Explanation of Responses:
(1) This option becomes exercisable in annual increments of 20%, commencing
June 1, 1995.
(2) This option vested 50% on grant and 50% on November 5,1997.
(3) Each of these options vests 1/3 on each anniversary of grant until
fully vested.
</FN>
/s/ Andrew W. Pierce March 16, 1999
