- -------
FORM 4
- -------
STATEMENT OF CHANGES OF BENEFICIAL OWNERSHIP
- --------------------------------------------------------------------------------
1. Name and Address of Reporting Person
Brauninger, Andrew W.
134 Calco Boulevard, Suite 101
Lafayette, LA 70503
- --------------------------------------------------------------------------------
2. Issuer Name and Ticker or Trading Symbol
Hvide Marine Incorporated (HMAR)
- --------------------------------------------------------------------------------
3. IRS or Social Security Number of Reporting Person (Voluntary)
- --------------------------------------------------------------------------------
4. Statement for Month/Year - June 1998
- --------------------------------------------------------------------------------
5. If Amendment, Date of Original (Month/Day/Year)
- --------------------------------------------------------------------------------
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
1. Vice President
- --------------------------------------------------------------------------------
7. Individual or Joint/Group Filing -- Form filed by One Reporting Person
- --------------------------------------------------------------------------------
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- --------------------------------------------------------------------------------
1. Title of Security - CLASS A COMMON STOCK
- --------------------------------------------------------------------------------
2-4 Transaction Date Transaction Securities Acquired (A)
(Month/Day/Year) Code Vol Amount Price (per share)
6/30/98 J* V 456 (A) 11.526
- --------------------------------------------------------------------------------
5-7. Amount of Securities Ownership Form: Nature of Indirect
Beneficially Owned at Direct (D) or Beneficial Ownership
End of Month. Indirect (I)
9,128 (D)
- --------------------------------------------------------------------------------
*J Purchase pursuant to the Company's employee stock purchase plan, exempt under
Section 16b-3(c).
- --------------------------------------------------------------------------------
<PAGE>
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1. Title of Derivative Security - Stock Option
- --------------------------------------------------------------------------------
2. Conversion or Exercise Price of Derivative Security -- 14.3750
- --------------------------------------------------------------------------------
3-5 Transaction Date Transaction Number of Derivative
(Month/Day/Year) Code Vol Securities Acquired
6/2/98 A V 6,200
- --------------------------------------------------------------------------------
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
6/2/99 6/2/08
- --------------------------------------------------------------------------------
7. Title and Amount of Underlying Securities
Title Amount or Number of Shares
Class A Common Stock 6,200
- --------------------------------------------------------------------------------
8. Price of Derivative Security
- --------------------------------------------------------------------------------
9-11. Amount of Derivative Ownership Form: Nature of Indirect
Securities Beneficially Direct (D) or Beneficial Ownership
Owned at End of Month. Indirect (I)
6,200 (D)
- --------------------------------------------------------------------------------
Explanation of Responses:
SIGNATURE OF REPORTING PERSON
/s/ ANDREW W. BRAUNINGER
Andrew W. Brauninger
July 10, 1998
Date