SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE l3D Under the Securities Exchange Act of l934 Acme United Corporation ______________________________ (Name of Issuer) Common Stock ______________________________ (Title of Class of Securities) 0048l6-l0-4 ______________________________ (CUSIP Number) Walter C. Johnsen l4 East 96th Street, Apt. 5, New York, NY l0l28 Telephone (2l2) 348-3002 _____________________________________________________________ (Names, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 7, l996 _____________________________________________________________ (Date of Event which Requires Filing of this Statement) Check the following box if a fee is being paid with this statement [X] The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section l8 of the Securities Exchange Act of l934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 0048l6-l0-42 l. Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons Walter C. Johnsen, S.S.# l43-44-8090 ______________________________________________________________________________ 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) None (b) None ______________________________________________________________________________ 3. SEC Use only ______________________________________________________________________________ 4. Source of Funds (See Instructions) PF ______________________________________________________________________________ 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) Not Applicable ______________________________________________________________________________ 6. Citizenship or Place of Organization United States of America ______________________________________________________________________________ Number of 7. Sole Voting Power 86,600 Shares Bene- ______________________________________________________________ ficially 8. Shared Voting Power None Owend by ______________________________________________________________ Each Report- 9. Sole Dispositive Power None ing Person ______________________________________________________________ With l0. Shared Dispositive Power None ______________________________________________________________ ll. Aggregate Amount Beneficially Owned by Each Reporting Person l86,600 ______________________________________________________________________________ l2. Check if the Aggregate Amount in Row (ll) Excludes Certain Shares (See Instructions) None ______________________________________________________________________________ l3. Percent of Class Represented by Amount in Row (ll) 5.59% ______________________________________________________________________________ l4. Type of Reporting Person (See Instructions) IN ______________________________________________________________________________ 3 Item l. Security and Issuer. Common Stock - Acme United Corporation, 75 Kings Highway Cutoff, Fairfield, CT 06430 Item 2. Identity and Background (a) Walter C. Johnsen (b) l4 East 96th Street, Apt. 5, New York, NY l0l28 (c) President/CEO - Acme United Corporation, 75 Kings Highway Cutoff, Fairfield, CT 06430 (d) None (e) None (f) United States of America Item 3. Source and Amount of Funds or Other Consideration Personal Funds Item 4. Purpose of Transaction Investment Item 5. Interest in Securities of Issuer (a) Mr. Johnsen is the beneficial owner of l86,600 shares of the Issuer. Of these shares he is deemed to be the beneficial owner of l00,000 shares because he has options to purchase such shares and such options are exercisable at this time. (b) He presently has the sole power to vote 86,600 shares. (c) During the last sixty days he purchased the following shares: Date of No. of Shares Price per Where and how Purchase Purchased Share Purchase Effected ________ _____________ _________ _________________ 5/l/96 3,500 3 l/4 5/2/96 ll,000 3 Through Brokers 5/7/96 l0,000 3 l/2 in AMEX 5/7/96 800 3 3/8 transactions 5/8/96 l8,000 3 l/2 (d) None (e) Not applicable Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Not Applicable Item 7. Material to be Filed as Exhibits Not Applicable 4 Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. May l0, l996 _______________ Date /s/ Walter C. Johnsen _________________________ Signature Walter C. Johnsen _________________________ Name/Title