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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*
Penisten Gary Dean
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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)
Chairman
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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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Common Stock 11/24/1999 A5* 47,287 A 101,287 D
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Common Stock
(Nathaniel D. Martin
Ugma NY) 12/17/2002 *See below 500 D 101,287 D
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Note: Transferred Trusteeship to his Aunt.
* 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 2.90 4/23/01 A5* 7,500 4/23/01 4/22/11 Stock 7,500 27,500 D
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Stock Common
Option 4.20 4/22/02 A5* 2,500 4/22/02 4/21/12 Stock 2,500 27,500 D
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Explanation of Responses:
* All transactions were reported to shareholders in the proxy statement for the year in which the transaction occurred.
/s/ Gary D. Penisten January 21, 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
a currently valid OMB control number.
