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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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(h) of the Investment Company Act of 1940
|_| Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
|_| Form 3 Holdings Reported
|X| Form 4 Transactions Reported
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1. Name and Address of Reporting Person*
Olschan Brian S.
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(Last) (First) (Middle)
1931 Black Rock Turnpike
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(Street)
Fairfield CT 06825
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Acme United Corporation (ACU)
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3. I.R.S. Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Year
December 31, 2002
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5. If Amendment, Date of Original (Month/Year)
________________________________________________________________________________
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|X| Director |_| 10% Owner
|X| Officer (give title below) |_| Other (specify below)
EVP, Chief Operations Officer
________________________________________________________________________________
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 I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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5. 6.
4. Amount of Owner-
Securities Acquired (A) Securities ship
2A. or Disposed of (D) Beneficially Form: 7.
2. Deemed (Instr. 3, 4 and 5) Owned Direct Nature of
Trans- Execution 3. --------------------------- at the End (D) or Indirect
1. action Date, if Transaction (A) of Issuer's Indirect Beneficial
Title of Security Date any Code or Fiscal Year (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) (Instr. 8) Amount (D) Price (Instr. 3 & 4) (Instr.4) (Instr.4)
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* If the form is filed by more than one reporting person, see instruction
4(b)(v).
Persons who respond to the collection of information contained
in this form are not required to respond unless the form diplays
a currently valid OMB control number.
(Over)
SEC 2270 (09-02)
FORM 5 (continued)
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Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
2. of of
Conver- 5. 7. Deriv- Deriv- 11.
sion Number of Title and Amount ative ative Nature
or Derivative 6. of Underlying 8. Secur- Secur- of
Exer- 3A. Securities Date Securities Price ities ity: In-
cise Deemed Acquired (A) Exercisable and (Instr. 3 and 4) of Bene- Direct direct
Price 3. Execut- 4. or Disposed Expiration Date ---------------- Deriv- ficially (D) or Bene-
1. of Trans- ion Trans- of(D) (Month/Day/Year) Amount ative Owned In- ficial
Title of Deriv- action Date if action (Instr. 3, ---------------- or Secur- at End direct Owner-
Derivative ative Date any Code 4 and 5) Date Expira- Number ity of Year (I) ship
Security Secur- (mm/dd/ (mm/dd/ (Instr. ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity yy) yy) 8) (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Stock Common
Option 3.7500 9/09/1996 A5* 20,000 9/09/99 9/09/06 Stock 145,000 D
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Stock Common
Option 7.2500 9/23/1997 A5* 10,000 9/23/00 9/23/07 Stock 145,000 D
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Stock Common
Option 2.6875 9/22/1998 A5* 10,000 9/22/01 9/22/08 Stock 145,000 D
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Stock Common
Option 2.1250 1/26/1999 A5* 25,000 1/26/02 1/26/09 Stock 145,000 D
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Stock Common
Option 2.1250 6/22/1999 A5* 10,000 6/22/02 6/22/09 Stock 145,000 D
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Stock Common
Option 1.6250 1/25/2000 A5* 7,500 (a) 1/25/10 Stock 145,000 D
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Stock Common
Option 2.375 4/21/2000 A5* 17,500 (b) 4/21/10 Stock 145,000 D
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Stock Common
Option 3.5600 10/10/2000 A5* 5,000 (c) 10/10/10 Stock 145,000 D
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Stock Common
Option 2.7500 5/07/2001 A5* 20,000 (d) 5/07/11 Stock 145,000 D
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Stock Common
Option 3.0500 11/12/2001 A5* 20,000 (e) 11/12/11 Stock 145,000 D
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Explanation of Responses:
(a) 1,875 shares vested on January 25, 2000, 1,875 shares vested on January 25, 2001, 1,875 shares vested on January 25, 2002 and
1,875 will vest on January 2003. (b) 4,375 shares vested on April 21, 2000, 4,375 shares vested on April 21, 2001, 4,375 shares
vested on April 21, 2002 and 4,375 shares will vest on April 21, 2003. (c) 1,250 shares vested on October 10, 2000, 1,250 shares
vested on October 10, 2001, 1,250 shares vested on October 10, 2002 and 1,250 will vest on October 10, 2003. (d) 5,000 shares vested
on May 7, 2001, 5,000 shares vested on May 7, 2002, 5,000 shares vest on May 7, 2003 and 5,000 will vest on May 7, 2004. (e) 5,000
shares vested on November 12, 2001, 5,000 vested on November 12, 2002, 5,000 shares will vest on November 12, 2003 and 5,000 will
vest on November 12, 2004.
/s/ Brian S. Olschan February 6, 2003
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**Signature of Reporting Person Date
** 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.
Persons who respond to the collection of information contained
in this form are not required to respond unless the form diplays
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