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|FORM 4|
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[ ] Check this box if no longer subject
to Section 16. Form 4 or Form 5
obligations may continue. See
Instruction 1(b).
U. S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Kanders Warren B.
and
Kanders Florida Holdings, Inc.
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(Last) (First) (Middle)
c/o Kanders & Company, Inc.
Two Soundview Drive
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(Street)
Greenwich CT 06830
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Armor Holdings, Inc. (AH)
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3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Day/Year
December 27, 2002
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5. If Amendment, Date of Original (Month/Day/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 of the Board of Directors
____________________________________________________________________
________________________________________________________________________________
7. Individual or Joint/Group Filing (Check Applicable line)
|_| Form Filed by One Reporting Person
|X| 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.
Amount of 6.
4. Securities Owner-
Securities Acquired (A) or Beneficially ship
2A. 3. Disposed of (D) Owned Form: 7.
2. Trans- Deemed Transaction (Instr. 3 and 4) Following Direct Nature of
action Execution Code ------------------------------- Reported (D) or Indirect
1. Date Date, if (Instr. 8) (A) Transaction(s) Indirect Beneficial
Title of Security (Month/ any (Month/ ------------ or (Instr. 3 and (I) Ownership
(Instr. 3) Day/Year) Day/Year) Code V Amount (D) Price 4) (Instr.4) (Instr.4)
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Common Stock, par value
$0.01 per share 12/27/02 G(1) V 1,500 D D
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Common Stock, par value
$0.01 per share 12/27/02 G(1) V 1,500 D 2,219,802 D
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Common Stock, par value
$0.01 per share 12/27/02 G(1) V 1,500 A I By Child(2)
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Common Stock, par value
$0.01 per share 12/27/02 G(1) V 1,500 A 3,000 I By Child(2)
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FORM 4 (CONTINUED)
TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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9.
Number 10.
of Owner-
deriv- ship
ative Form
2. Secur- of
Conver- 5. 7. ities Deriv- 11.
sion Number of Title and Amount Bene- ative Nature
or 3A. Derivative 6. of Underlying 8. ficially Secur- of
Exer- Deemed 4. Securities Date Securities Price Owned ity: In-
cise 3. Execut- Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct
Price Trans- ion action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene-
1. of action Date, if Code of(D) (Month/Day/Year) Amount ative Reported In- ficial
Title of Deriv- Date Any (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner-
Derivative ative (Month/ (Month/ 8) 4 and 5) Date Expira- Number ity action(s) (I) ship
Security Secur- Day/ Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Stock Options
(Right to Common
Buy) (3) $11.40625 (4) 1/1/09 Stock 200,000 200,000 D
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Stock Options
(Right to Common
Buy) (5) $14.44 (4) 6/19/11 Stock 12,500 12,500 D
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Stock Options
(Right to Common
Buy) (6) $23.93 12/31/02 3/12/12 Stock 75,000 75,000 D
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Stock Options
(Right to Common
Buy) (6) $23.93 12/31/04 3/12/12 Stock 35,000 35,000 D
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Stock Options
(Right to Common
Buy) (7) $24.07 (8) 6/24/12 Stock 225,000 225,000 D
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Stock Options
(Right to Common
Buy) (7) $24.07 12/31/06 6/24/12 Stock 250,000 250,000 D
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(1) Represents part of a gift of 3,000 shares of common stock to the reporting
person's children.
(2) The reporting person disclaims beneficial ownership of these securities and
this report shall not be deemed an admission that the reporting person is
the beneficial owner of these securities for the purposes of Section 16 of
the Securities Exchange Act of 1934 or otherwise.
(3) Granted pursuant to the Armor Holdings, Inc. 1998 Stock Option Plan.
(4) Presently exercisable.
(5) Granted pursuant to the Armor Holdings, Inc. 1999 Stock Incentive Plan.
(6) Granted pursuant to the Armor Holdings, Inc. 2002 Executive Stock Plan.
(7) Granted pursuant to the Armor Holdings, Inc. 2002 Stock Incentive Plan.
(8) Options to purchase 25,000 shares vest on December 31, 2002 and options to
purchase 100,000 shares vest on each of December 31, 2003 and December 31,
2004.
* 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).
/s/ Warren B. Kanders December 31, 2002
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**Signature of Reporting Person Date
Warren B. Kanders, individually and
on behalf of Kanders Florida Holdings, Inc.