UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
( ) Form 3 Holdings Reported Form 4 or Form 5 obligations may continue. See
Instructions 1(b).
(X) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Hvide, J. Erik
2200 Eller Drive, P.O. Box 13038
Ft. Lauderdale, Florida 33316
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
12/97
5. If Amendment, Date of Original (Month/Year)
2/6/98
6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X)
Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify
below)
Chairman, President, CEO
7. Individual or Joint/Group Reporting (Check Applicable Line) (x) Form filed by
One Reporting Person ( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | |-- | | | |
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Class A Common Stock | | | | | | 10,000 | D | |
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| | | | | | | | |
Class B Common Stock | | | | | | 202,992 | I | by limited partnership |
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Class B Common Stock | | | | | | 1,215,244 | | by limited partnership |
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Class B Common Stock | | | | | | 78,230 | | by limited partnership |
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<CAPTION>
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
SIGNATURE OF REPORTING PERSON
/s/ J. ERIK HVIDE
J. Erik Hvide
DATE
July 9, 1998
