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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4 OMB APPROVAL
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[_] Check this box if no longer OMB NUMBER: 3235-0287
subject to Section 16. Form 4 Expires: September 30, 1998
or Form 5 obligations may Estimated average burden
continue. SEE Instruction 1(b). hours per response ...... 0.5
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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
Stein, Sheldon I.
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(Last) (First) (Middle)
1730 Briercroft Court
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(Street)
Carrollton, TX 75006
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
CellStar Corporation (CLST)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
8/31/98
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
X Director 10% Owner
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Officer (give Other (Specify
----- title below) ------ below)
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7. Individual or Joint/Group Filing
(Check applicable line)
X Form filed by One Reporting Person
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- ----- Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature
(Instr. 3) action action or Disposed of (D) Securities Form: of Indirect
Date Code Beneficially Direct Beneficial
(Instr. 8) (Instr. 3,4 and 5) Owned at (D) or Ownership
(Month/ ------------ -------------------------- End of Month Indirect (Instr. 4)
Day/ Code V Amount (A) or Price (Instr. 3 (I)
Year) (D) and 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 8/3/98 P 2,000 A $11.3756 34,000(1) D
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Common Stock 8/3/98 P 1,000 A $11.3756 1,600(2) I (3)
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Common Stock 8/3/98 P 1,000 A $11.3756 1,600(2) I (3)
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Common Stock 8/3/98 P 1,000 A $11.3756 1,600(2) I (3)
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</TABLE>
*If the Form is filed by more than one Reporting Person see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses) (Over)
SEC 1474 (7-96)
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FORM 4 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security 2. Conversion 3. Transaction 4. Transacation 5. Number of Derivative 6. Date Exercisable
(Instr. 3) or Exercise Date Code Securities Acquired (A) and Expiration
Price of (Month/Day/ (Instr. 8) or Disposed of (D) Date
Derivative Year) (Instr. 3, 4, and 5) (Month/Day/
Security Year)
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Code V (A) (D) Date Expiration
Exer- Date
cisable
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
<TABLE>
<CAPTION>
7. Title and Amount of 8. Price of Derivative 9. Number of Derivative 10. Ownership Form 11. Nature of Indirect
Underlying Securities Security (Instr. 5) Securities Beneficially of Derivative Security: Beneficial Ownership
(Instr. 3 and 4) Owned at End of Month Direct (D) or (Instr. 4)
Instr. 4) Indirect (I) (Instr. 4)
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Title Amount or
Number of
Shares
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<S> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
(1) Includes 16,000 shares received as a result of a two-for-one stock split,
which split was effected in the form of a stock dividend that was distributed on
June 23, 1998 to stockholders of record of the Issuer on June 5, 1998.
(2) Includes 300 shares received as a result of the two-for-one stock split
referenced in note (1) above.
(3) 1,600 shares are held by each of the Shane Randall Stein 1993 Trust, the
Reid Jordan Stein 1993 Trust, and the Kyle Noah Stein 1993 Trust, trusts for
the benefit of the reporting person's sons. The reporting person has neither a
pecuniary interest nor investment control with respect to these securities.
Therefore, the reporting person disclaims beneficial ownership of these
securities, and this report shall not be deemed an admission that the reporting
person is the beneficial owner of such securities for purposes of Section 16 or
for any other purpose.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Marilyn R. Post, as
attorney-in-fact for
Sheldon I. Stein 8/12/98
_______________________________ ______________
**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See Instruction 6 for procedure.
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SEC 1474 (7/96)