U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ ] Check this box if no
longer subject to Section 16.
Form 4 or Form 5 obligations
may continue. See Instruction 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
1. Name and Address of Reporting Person*
Penisten, Gary D.
1931 Black Rock Turnpike
Fairfield, CT 06825
2. Issuer Name and Ticker or Trading Symbol
Acme United Corporation (ACU)
3. IRS or Social Security Nummber of Reporting Person (Voluntary)
4. Statement for Month/Year
April 2003
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Persons to Issuer
(Check all applicable)
[x] Director [ ] 10% Owner
[x] Officer (give title below) [ ] Other (specify below)
Chairman
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7. Individual or Joint/Group Filing (Check Applicable Line)
[ ] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
1. Title of 2. Transaction 3. Transaction 4. Securities 5. Amount of 6. Ownership Form: 7. Nature of
Security Date Code Acquired (A) Securities Direct (D) or Indirect
(Instr. 3) (Month/Day (Instr. 8) or Disposed of (D) Beneficially Indirect (I) Beneficial
Year) (Instr. 3, 4 and 5) Owned at End (Instr. 4) Ownership
of Month (Instr. 4)
(Instr. 3 and 4)
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Code V Amount (A) or Price
(D)
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Page 1 of 2 pages
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., Puts, Calls, Warrants, Options, Convertible Securities)
1. Title of 2. Conver- 3. Trans- 4. Trans- 5. Number of Deriv- 6. Date Exer- 7. Title and Amount of
Derivative sion or action action ative Securities cisable and Underlying Securities
Security Exercise Date Code Acquired (A) or Expiration (Instr. 3 and 4)
(Instr. 3) Price (Month/ (Instr. 8) Disposed of (D) Date
of Deri- Day/ (Instr. 3, 4 (Month/Day/
vative Year) and 5) Year)
------------ ----------------- ---------------- --------------------------
Date Expira- Amount or
Exer- tion Number of
Code V (A) (D) cisable Date Title Shares
------------ ----------------- ---------------- --------------------------
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Stock Option 3.44 4/28/03 A5* 2,500 4/28/03 4/28/13 Common 2,500
Stock
Table II -- Derivative Securities Acquired, Discposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities) (continued)
8. Price 9. Number of 10. Ownership 11. Nature of
of Derivative Form: Indirect
Derivative Securities Direct (D) Beneficial
Security Beneficially or Indirect Ownership
(Instr. 5) Owned at (I) (Instr. 4)
End of Month (Instr. 4)
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30,000 D
Explanation of Responses:
Reminder: Report a separate line for each class of
securities beneficially owned.
* If the form is filed by more than one reporting person,
see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute
Federal Criminal Violations. See 18 U.S.C. 1001 and
15 U.S.C. 78ff(a).
Date: April 28, 2003 By: /s/ Gary D. Penisten
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Gary D. Penisten
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