<PAGE> 1
---------------------------
OMB APPROVAL
AMENDMENT NO. 1 (4) ---------------------------
- ------ OMB Number: 3235-0362
FORM 5 Expires: September 30, 1998
- ------ Estimated average burden
hours per response .... 1.0
---------------------------
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] CHECK BOX IF NO
LONGER SUBJECT TO
SECTION 16. FORM
4 OR FORM 5
OBLIGATIONS MAY
CONTINUE. SEE Filed pursuant to Section 16(a) of the Securities
INSTRUCTION 1(b). Exchange Act of 1934,
[ ] FORM 3 HOLDINGS Section 17(a) of the Public Utility
REPORTED Holding Company Act of 1935 or Section 30(f) of
[ ] FORM 4 the Investment Company Act
TRANSACTIONS of 1940
REPORTED
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person 2. Issuer Name AND Ticker or Trading Symbol 6.Relationship of Reporting Person to
Posey Lee Palm Harbor Homes, Inc./PHHM Issuer (Check all applicable)
- ------------------------------------------- --------------------------------------------- X Director X 10% Owner
(Last) (First) (Middle) 3. I.R.S. or Social Security 4. Statement for ---- ---
17427 Club Hill Drive Number of Reporting Month/Year X Officer (give Other (specify
- ------------------------------------------- Person (Voluntary) 03/98 ---- title --- below)
(Street) ------------------- below)
Dallas TX 75248-1109 ###-##-#### 5. If Amendment, Chairman of the Board
- ------------------------------------------- ------------------------- Date of Original -------------------------------
(City) (State) (Zip) (Month/Year)
------------------
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TABLE I -- 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
(Month/ (Instr. End of Issuer's Direct Benefi-
Day/ 8) Fiscal Year (D) or cial
Year) ---------------------------- (Instr. 3 and 4) Indirect Owner-
Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock 11/24/97 I 4680.994 A 135748.82 I 1
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Common Stock 11/24/97 I 192.510 A 5582.78 I 1
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 11/24/97 I 3.754 A 108.87 I 1
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 2/3/98 I 4395.038 A 141739.97 I 1
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Common Stock 2/3/98 I 180.748 A 5829.13 I 1
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Common Stock 2/3/98 I 3.523 A 113.60 I 1
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Common Stock 3/13/98 T(2) 14.870 D 563.19 I 1
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Common Stock 3/13/98 T(2) 3.680 D 139.39 I 1
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Common Stock 3/13/98 T(2) 14.166 D 536.54 I 1
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Common Stock 3/13/98 T(2) 2.979 D 112.82 I 1
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses)
</TABLE>
<PAGE> 2
---------------------------
OMB APPROVAL
AMENDMENT NO. 1 (4) ---------------------------
- ------ OMB Number: 3235-0362
FORM 5 Expires: September 30, 1998
- ------ Estimated average burden
hours per response .... 1.0
---------------------------
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] CHECK BOX IF NO
LONGER SUBJECT TO
SECTION 16. FORM
4 OR FORM 5
OBLIGATIONS MAY
CONTINUE. SEE Filed pursuant to Section 16(a) of the Securities
INSTRUCTION 1(b). Exchange Act of 1934,
[ ] FORM 3 HOLDINGS Section 17(a) of the Public Utility
REPORTED Holding Company Act of 1935 or Section 30(f) of
[ ] FORM 4 the Investment Company Act
TRANSACTIONS of 1940
REPORTED
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person 2. Issuer Name AND Ticker or Trading Symbol 6.Relationship of Reporting Person to
Posey Lee Palm Harbor Homes, Inc./PHHM Issuer (Check all applicable)
- ------------------------------------------- --------------------------------------------- X Director X 10% Owner
(Last) (First) (Middle) 3. I.R.S. or Social Security 4. Statement for ---- ---
17427 Club Hill Drive Number of Reporting Month/Year X Officer (give Other (specify
- ------------------------------------------- Person (Voluntary) 03/98 ---- title --- below)
(Street) ------------------- below)
Dallas TX 75248-1109 ###-##-#### 5. If Amendment, Chairman of the Board
- ------------------------------------------- ------------------------- Date of Original -------------------------------
(City) (State) (Zip) (Month/Year)
------------------
- ------------------------------------------------------------------------------------------------------------------------------------
TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
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
(Month/ (Instr. End of Issuer's Direct Benefi-
Day/ 8) A Fiscal Year (D) or cial
Year) ---------------------------- (Instr. 3 and 4) Indirect Owner-
Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/13/98 T(2) 6,391 D 242.07 I 1
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/13/98 T(2) 1,344 D 50.90 I 1
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 6/3/97 G(3) 12700.000 D 289560.00 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 7/28/97 G(3) 2200.000 D 60500.00 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 9/17/97 G(3) 400.000 D 11400.00 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 3/26/98 G(3) 100.000 D 3663.00 D
- ------------------------------------------------------------------------------------------------------------------------------------
3,756,856
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses)
</TABLE>
<PAGE> 3
<TABLE>
<CAPTION>
FORM 5 (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>
- ------------------------------------------------------------------------------------------------------------------------------------
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 Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
-----------------------------------
Date Expira- Amount or
--------------- Exer- tion Title Number of
(A) (D) cisable Date Shares
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative of Derivative Indirect
(Instr. 3) Securities Security: Beneficial
Beneficially Direct (D) Ownership
Owned at End or Indirect (I) (Instr. 4)
of Year (Instr. 4)
(Instr. 4)
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
Explanation of Responses: 1 - Shares held in employer's qualified retirement plan, Palm Harbor Homes, Inc. Employee
Savings Plan.
2 - Non-discretionary transactions made to retain plan qualification of Palm Harbor Homes,
Inc. employee Savings Plan.
3 - Charitable donations.
4 - This Amendment is being filed solely to correct a mathematical error in the calculation
of the total number of shares owned at the end of the fiscal year.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ LEE POSEY 5/20/98
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Note. File three copies of this Form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 6 for procedure. SEC 2270 (3-91)
</TABLE>
