FORM 5
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
/ / Check this OMB APPROVAL
box if no longer OMB Number 3235-0362
subject to Section Expires: April 30,
16. Form 4 or 1997
Form 5 obligations Estimated average
may continue. burden hours per
See Instruction response.1.0
1(b)
Filed pursuant to Section16(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
Giles, Edward M.
Peter B. Cannell & Co.
645 Madison Avenue, 8th Floor
New York, NY 10022
2. ISSUER NAME AND TICKER OR TRADING SYMBOL
McWhorter Technologies, Inc. (MWT)
3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON
(Voluntary)
4. STATEMENT FOR MONTH/YEAR
October 1998
5. IF AMENDMENT, DATE OF ORIGINAL (month/year)
6. RELATIONSHIP OF REPORTING PERSON TO ISSUER (Check all applicable)
_X_ Director ____10% Owner
____Officer (give title below) ____Other
(specify below)
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICIALLY OWNED
1. TITLE OF SECURITY:
Common Stock
Common Stock
2. TRANSACTION DATE:
Common Stock --
Common Stock 8/14/98
3. TRANSACTION CODE:
Common Stock --
Common Stock A**
4. SECURITIES ACQUIRED (A) OR DISPOSED OF (D):
Common Stock -- -- --
Common Stock 710 (A) 23.9375
5. AMOUNT OF SECURITIES BENEFICIALLY OWNED AT END OF ISSUER'S FISCAL YEAR:
Common Stock 2493
Common Stock 710
6. OWNERSHIP FORM: DIRECT (D) OR INDIRECT (I):
Common Stock (D)
Common Stock (D)
7. NATURE OF INDIRECT BENEFICIAL OWNERSHIP:
Common Stock Deferred Stock
Common Stock Deferred Stock
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF,
OR BENEFICALLY OWNED (e.g., puts,calls, warrants, options,
convertible securities)
1. TITLE OF DERIVATIVE SECURITY:
Stock Options (right to purchase)
2. CONVERSION OR EXERCISE PRICE OF DERIVATIVE SECURITY:
16.2125
3. TRANSACTION DATE:
6/13/94
4. TRANSACTION CODE:
A*
5. NUMBER OF DERIVATIVE SECURITIES ACQUIRED (A) OR DISPOSED OF (D):
10,000 (A)
6. DATE EXERCISABLE AND EXPIRATION DATE:
12/13/945 *
7. TITLE AND AMOUNT OF UNDERLYING SECURITIES:
Common Stock10,000
8. PRICE OF DERIVATIVE SECURITY:
9. NUMBER OF DERIVATIVE SECURITIES BENEFICIALLY OWNED AT END OF YEAR:
10,000
10. OWNERSHIP FORM OF DERIVATIVE SECURITY: DIRECT (D) OR INDIRECT (I):
(D)
11. NATURE OF INDIRECT BENEFICIAL OWNERSHIP:
EXPLANATION OF RESPONSES:
* On June 13, 1994, the reporting person was granted an
option to purchase 10,000 shares of Common Stock pursuant to
the 1994 Stock Incentive Plan. The option vests six months
after Grant Date and expires on the 10th anniversary of the
Grant Date or the 30th day following the date the Optionee
ceases to be a member of the Board of Directors of McWhorter
Technologies, Inc., whichever comes earlier.
** Election by Board Member to receive payment of annual
retainer in deferred common stock. Such shares will be
distributed at such time as the member ceases to be a member
of the Board of Directors.
/s/ Susannah Riley 12/14/98
** Signature of Reporting Person Date
for Edward M. Giles
** 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.
(Transmittal filing to Edgar on 12/15/98 failed. Resubmitted 12/16/98.)