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FORM 4 OMB APPROVAL
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OMB NUMBER 3235-0287
EXPIRES: FEBRUARY 1, 1997
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE ....0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no
Longer subject to Filed pursuant to Section 16(a) of the Securities
Section 16. Form 4 Exchange Act of 1934, Section 17(a) of the
or Form 5 obligations Public Utility Holding Company Act of 1934
may continue. See or Section 30(f) of the Investment Company
Instruction 1(b). Act of 1940
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<S> <C> <C> <C> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
von Husen Fred Kellstrom Industries, Inc. (KELL) Issuer (Check all applicable)
- --------------------------------------------- ---------------------------------------------- Director 10% Owner
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
c/o Kellstrom Industries, Inc. Number of Reporting Month/Year X Officer (give Other (Specify
1100 International Parkway Person (Voluntary) February 1999 ---- title --- below)
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(Street) 5. If Amendment, Executive Vice President
Sunrise, FL 33323 Date of Original --------------------------------------
- --------------------------------------------- (Month/Year)
(City) (State) (Zip) 7. Individual or Joint/Group Filing
------------------ (Check applicable line)
X Form filed by one
---- Reporting Person
Form filed by more than
---- one Reporting Person
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TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Month Direct Benefi-
(Month/ (Instr. 3 and 4) (D) or cial
Day/ --------------------------------------- Indirect Owner-
Year) Code V Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock 2/17/99 P 500 sh A $17.94 sh 1,500 sh D N/A
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Response's) SEC 1474 (8-92)
*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v).
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FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Expiration Securities Deriv-
Price of (Month/ (Instr. Acquired (A) Date (Instr. 3 and 4) ative
Deriv- Day/ 8) or Disposed (Month/Day/ Secur-
ative Year) of (D) Year) ity
Security (Instr. 3, (Instr. 5)
4, and 5) ----------------------------------------
Date Expira- Amount or
---------------------------- Exer- tion Title Number of
Code V (A) (D) cisable Date Shares
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Employee Stock Options $10.125/sh. -- -- -- -- -- (1) 10/08/08 Common Stock 25,000 --
(Right to buy)
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Employee Stock Options $10.125/sh -- -- -- -- -- (2) 10/08/08 Common Stock 30,000 --
(Right to buy)
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Employee Stock Options $ 8.38/sh -- -- -- -- -- (3) 01/02/07 Common Stock 50,000 --
(Right to buy)
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Employee Stock Options $ 7.75/sh -- -- -- -- -- (4) 01/15/07 Common Stock 30,000 --
(Right to buy)
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<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative Form of Indirect
(Instr. 3) Securities Derivative Beneficial
Beneficially Security: Ownership
Owned at End Direct (D) (Instr. 4)
of Month or Indirect (I)
(Instr. 4) (Instr. 4)
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Employee Stock Options 25,000 D N/A
Right to buy)
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Employee Stock Options 30,000 D N/A
(Right to buy)
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Employee Stock Options 50,000 D N/A
(Right to buy)
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Employee Stock Options 30,000 D N/A
(Right to buy)
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Explanation of Responses:
(1) THESE EMPLOYEE STOCK OPTIONS VEST IN THREE EQUAL INSTALLMENTS ON 4/27/99,
10/27/00 AND 04/27/02.
(2) THESE EMPLOYEE STOCK OPTIONS VEST IN TWO EQUAL INSTALLMENTS ON 6/19/01 AND
12/19/02.
(3) THESE EMPLOYEE STOCK OPTIONS WERE ACQUIRED ON 01/02/97 AND VEST IN THREE
EQUAL INSTALLMENTS ON 01/02/98, 01/02/99 AND 01/02/00.
(4) THESE EMPLOYEE STOCK OPTIONS WERE ACQUIRED ON 10/25/96 AND VEST IN THREE
EQUAL INSTALLMENTS ON 01/15/98, AND 01/15/99 AND 01/15/00.
**Intentional misstatements or omissions of facts constitute Federal /s/Fred von Husen March 10,1999
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ----------------------- -------------
**Signature of Reporting Person Date
Fred Von Husen
Note: File three copies of this Form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 5 for procedure.
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