FORM 4
[ ]Check box if no longer U.S. SECURITIES AND EXCHANGE COMMISSION
subject to Section 16. Washington, D.C. 20549
Form 4 or Form 5 obligations
may continue. See Instruc- STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
tion 1(b).
Filed pursuant to Section 16(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
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1. Name and Address of Reporting Person|2. Issuer Name and Ticker or Trading
Houseweart George W | Symbol
(Last) (First) (Middle)|
80 Arkay Drive | Standard Microsystems Corporation
(Street) | (SMSC)
|-------------------------------------
Hauppauge NY 11788 |3. IRS or Social Security Number of
(City) (State) (Zip) | Reporting Person (Voluntary)
|
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4. Statement of Month/Year|5. If Amendment, Date or Original (Month/Year)
|
04/99 |
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6. Relationship of Reporting Person|7. Individual or Joint/Group Filing
to Issuer (Check all applicable)|
| x Form filed by one Reporting Person
Director 10% Owner| ---
--- --- | Form filed by more than one
x Officer (give Other | --- Reporting Person
--- title below) --- (specify |
below) |
Senior Vice President and General |
Counsel |
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Table I - Non-Derivative Securties Acquired, Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
1.Title of security |2.Transaction |3.Transaction | 4.Securities |5.Amount of |6.Ownership |7.Nature of
| Date | Code | Acquired (A) | Securities | Form: | Indirect
| (Month/Day/Year)| | or Disposed | Beneficially | Direct (D) | Beneficial
| | | of (D) | Owned at End | Indirect (I) | or Ownership
| | |---------------------| of Month | |
| | | |(A)| | | |
| |--------------|-------|or |---------| | |
| | Code | V |Amount |(D)| Price | | |
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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Common Stock | 04/27/99 | A | V | 1,694 |A |-- | 47,140 | D |
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| | | | | | | 1,000 | I | By wife
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| | | | | | | 13,343 | I | By trust*
</TABLE>
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly. (Print or Type Responses)
<PAGE>
FORM 4 (Continued) Table II-Derivative Securities Acquired, Disposed
of, or Beneficially Owned (e.g. puts, calls,
warrants, options, convertible securities)
<TABLE>
<CAPTION>
1.Title of |2.Conversion or |3.Transaction |4.Transaction |5.Number of |6.Date
Derivative | Exercise Price | Date | Code | Derivative | Exercisable
Security | of Derivative | (Month/ | | Securities | and Expiration
| Security | Day/Year) | | Acquired (A) | Date
| | | | or Disposed |
| | | | of (D) |-------------------------
| | |--------------|------------------| Date | Expiration
| | | Code | V | (A) | (D) | Exercisable| Date
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<S> <C> <C> <C> <C> <C> <C> <C>
Employee stock option| | | | | | | |
(right to buy) | 7.375 | 04/30/99 | A | V | 40,000| | 04/30/05** |04/30/09
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<CAPTION>
7.Title and |8.Price of |9.Number of |10.Ownership |11.Nature
Amount of | Derivative | Derivative | Form of | of
Underlying | Security | Securities | Derivative | Indirect
Securities | | Beneficially| Security: | Beneficial
| | Owned at End| Direct (D) | Ownership
| | of Month | or |
- -------------------------| | | Indirect (I)|
Title |Number | | | |
|of Shares | | | |
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<S> <C> <C> <C> <C> <C>
Common stock |40,000 | -- | 40,000 | D |
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</TABLE>
Explanation of Responses:
*Held in issuer's Incentive Savings and Retirement Plan as of 07/16/99.
** Date exercisable may be accelerated by Compensation Committee, if certain
performance goals are met.
**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.
/s/ George W. Houseweart August 2, 1999
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**Signature of Reporting Person Date
