U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5
ANNUAL 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
[ ] Check box if no longer subject to
Section 16. Form 4 or Form 5
obligations may continue. See
Instruction 1(b).
[ ] Form 3 Holdings Reported
[X] Form 4 Holdings Reported
1. Name and Address of Reporting Person
Rubinson Mitchell
(Last) (First) (Middle)
10000 Lincoln Road, Suite 206
(Street)
Miami Beach Florida 33139
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
QPQ Corporation - QPQ
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
[X] Director [X] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
President & CEO
-------------------------------
7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<PAGE>
<TABLE>
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<CAPTION>
1. Title of 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
Security action action or Disposed of (D) Securities ship of In-
(Instr. 3) Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. -------------------------- Owned at End Direct Bene-
(Month/ 8) (A) of Issuer's (D) or ficial
Day/ or Fiscal Year Indirect Owner-
Year) Amount (D) Price (Instr. 3 (I) ship
and 4) (Instr. 4) (Instr. 4)
- - ---------------- -------------- ---------- -------- --- ------- ------------------ ---------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 7/26/96 P 1,125,000 A $1.00 D & I (1)
Common Stock 4/26/96 P 250,000 A $1.00 D
Common Stock 5/10/96 P 200,000 A $1.00 D
Common Stock 5/10/96 P 10,000 A $2.0316 D
Common Stock 5/13/96 P 10,000 A $2.0316 D
Common Stock 5/30/96 P 7,500 A $2.0317 D
Common Stock 6/3/96 P 7,500 A $2.0317 D
Common Stock 6/11/96 P 5,000 A $2.0313 D
Common Stock 6/11/96 P 12,000 A $2.0315 D
Common Stock 6/12/96 P 4,000 A $2.0320 D
Common Stock 6/13/96 P 3,000 A $2.0323 D
Common Stock 6/13/96 P 7,000 A $2.0313 D
Common Stock 6/18/96 P 6,000 A $2.0318 D
Common Stock 6/18/96 P 8,000 A $2.0313 D
Common Stock 6/20/96 P 7,500 A $2.0317 D
Common Stock 6/20/96 P 2,500 A $2.0325 D
Common Stock 10/2/96 P 50,000 A $ .25 D
2,707,000
</TABLE>
<PAGE>
<TABLE>
Table II -- Derivative Securities Acquired,
Disposed of, or Beneficially Owned (e.g.,
puts, calls, warrants, options, convertible
securities)
<CAPTION>
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Title of Conver- Trans- Transac- Number of Deriv- Date Exer- Title and Price Number Owner- Nature
Deriva- sion or action tion Code ative Securities cisable and Amount of of of Deriv- ship of In-
tive Exercise Date (Instr. Acquired (A) or Expiration Underlying Deriv- ative of direct
Security Price of (Month/ 8) Disposed of (D) Date Securities ative Secur- Deriva- Bene-
(Instr. Deriv- Day/ (Instr. 3, 4, (Month/Day/ (Instr. 3 Secur- ities tive ficial
3) ative Year) and 5) Year) and 4) ity Bene- Secu- Own-
Security ------------------ --------------- --------------- (Instr. ficially ity: ership
5) Owned Direct (Instr.
Amount at End (D) or 4)
Date or of Indi-
Exer- Expir- Num- Year rect (I)
cis- ation Title ber of (Instr. (Instr.
(A) (D) able Date Shares 4) 4)
- - ---------- --------- --------- ---------- -------- -------- ------- ------- -------- ------ --------- --------- --------- ------
- --
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
None
</TABLE>
Explanation of Responses:
(1) Includes 39,500 owned by Mr. Rubinson's wife and 1,582,000 owned by
Mr. Rubinson and his wife as Tenants by the Entirety.
/s/ Mitchell Rubinson
---------------------------------
**Signature of Reporting Person
2/10/97
---------------------------------
Date
**Intentional misstatements or
omissions of facts constitute
Federal Criminal Violations.
See 18 U.S.C. 1001 and
15 U.S.C. 78ff(a).