4 1 s266122.txt FORM 4 FORM 4 ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION _____________________ WASHINGTON, D.C. 20549 | OMB APPROVAL | |---------------------| STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB NUMBER: 3235-0287| |EXPIRES: | | DECEMBER 31, 2001 | Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE | Securities Exchange Act of 1934, |BURDEN HOURS | Section 17(a) of the Public Utility |PER RESPONSE ... 0.5 | Holding Company Act of 1935 |_____________________| or Section 30(f) of the Investment Company Act of 1940 --------------------------------------------------------------------------- 1. Name and Address of Reporting Person Scotto Anthony P. (Last) (First) (Middle) 100 Tri-State Drive Suite 200 ----------------------------------------------------------------------- (Street) Lincolnshire IL 60069 ----------------------------------------------------------------------- (City) (State) (Zip) --------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol Ivex Packaging Corporation / IXX --------------------------------------------------------------------------- 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) --------------------------------------------------------------------------- 4. Statement for Month/Year May / 2001 --------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) --------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) (X ) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other (specify title below) --------------------------------------------------------------------------- 7. Individual, or Joint/Group Filing (Check Applicable Line) ( X) 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 Security (Instr. 3) --------------------------------------------------------------------------- 2. Transaction Date (Month/Day/Year) --------------------------------------------------------------------------- 3. Transaction Code (Instr. 8) --------------------------------------------------------------------------- 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) --------------------------------------------------------------------------- 5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) --------------------------------------------------------------------------- 6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4) --------------------------------------------------------------------------- 7. Nature of Indirect Beneficial Ownership (Instr. 4) --------------------------------------------------------------------------- Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. =========================================================================== TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) --------------------------------------------------------------------------- 1. Title of Derivative Security (Instr. 3) Non-Qualified Stock Option (right to buy) --------------------------------------------------------------------------- 2. Conversion or Exercise Price of Derivative Security $14.93 --------------------------------------------------------------------------- 3. Transaction Date (Month/Day/Year) 05/10/01 --------------------------------------------------------------------------- 4. Transaction Code (Instr. 8) A V --------------------------------------------------------------------------- 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 3000 --------------------------------------------------------------------------- 6. Date Exercisable and Expiration Date (Month/Day/Year) (1)See Explanation 5/10/11 ---------------------- ----------------------- Date Exercisable Expiration Date --------------------------------------------------------------------------- 7. Title and Amount of Underlying Securities (Instr. 3 and 4) Common Stock 3000 --------------------------------------------------------------------------- 8. Price of Derivative Securities (Instr. 5) --------------------------------------------------------------------------- 9. Number of Derivative Securities Beneficially Owned at End of Month (Instr. 4) 8000 --------------------------------------------------------------------------- 10. Ownership Form of Derivative Security: Direct(D) or Indirect(I) (Instr. 4) D --------------------------------------------------------------------------- 11. Nature of Indirect Beneficial Ownership (Instr. 4) --------------------------------------------------------------------------- EXPLANATION OF RESPONSES: (1) Option vests in three equal annual installments beginning 5/10/02. /s/ Anthony P. Scotto May 16, 2001 --------------------------------------------------- ---------------------- ** 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 IS INSUFFICIENT, SEE INSTRUCTION 6 FOR PROCEDURE. POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB NUMBER. ===========================================================================