FORM 4 [ ] 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, D.C. 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(h) of the Investment Company Act of 1940 (Print or Type Responses) ------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Croskrey Stephen E. ----------------------------------------------------- (Last) (First) (Middle) c/o Armor Holdings, Inc. 1400 Marsh Landing Parkway, Suite 112 ----------------------------------------------------- (Street) Jacksonville FL 32250 ----------------------------------------------------- (City) (State) (Zip) ------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol Armor Holdings, Inc. (AH) ------------------------------------------------------------------------------- 3. IRS or Social Security Number of Reporting Person, if an entity (Voluntary) ------------------------------------------------------------------------------- 4. Statement for Month/Day/Year 9/16/02* ------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Day/Year) ------------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) President and CEO - Armor Holdings Products Division ------------------------------------------------------------------------------- 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 --------------------------------------------------------------------------------------------------------------------------------- 2A. Deemed 5. Amount of Execu- Securities 6. Owner- 2. Trans- tion Beneficially ship action Date 3. Trans- 4. Securities Acquired (A) Owned Form: Date if any action or Disposed of (D) Following Direct 7. Nature of ------- ------ Code (Instr. 3, 4 and 5) Reported (D) or Indirect 1. Title of (Month/ (Month/ (Instr. 8) -------------------------- Transaction(s) Indirect Beneficial Security Day/ Day/ ---------- Amount (A) or Price (Instr. (I) Ownership (Instr. 3) Year) Year) Code V (D) 3 and 4) (Instr. 4) (Instr. 4) --------------------------------------------------------------------------------------------------------------------------------- Common Stock, par value $0.01 per share 8/12/02 A V 2,089 A (1) 12,413 D --------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------- * Each of the transactions reported herein is reportable on a Form 5 and is being voluntarily reported on this Form 4 which is being filed prior to the due date of the Form 5. FORM 4 (continued) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (E.G. PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES) ------------------------------------------------------------------------------------------------------------------------------------ 1. 2. 3. 3A. 4. 5. 6. 7. 8. 9. 10. 11. ------------------------------------------------------------------------------------------------------------------------------------ Title and Number of Ownership Number of Date Exer- Amount of Derivative Form of Deemed Derivative cisable and Underlying Securities Deriv- Execu- Securities Expiration Securities Price Benefi- ative Title Conver- Trans- tion Trans- Acquired (A) Date (Month/ (Instr. 3 of cially Security: of sion or action Date, action or Disposed Day/Year) and 4) Deriv- Owned Direct Deriv- Exercise Date if any Code of (D) -------------- -------------- ative Following (D) or Nature of ative Price of ------ ------ (Instr. (Instr. 3, Date Amount Secur- Reported Indirect Indirect Security Deriv- Month/ Month/ 8) 4 and 5) Exer- Expir- or Num- ity Transac- (I) Beneficial (Instr. ative Day/ Day/ -------- ---------- cis- ation ber of (Instr. tion(s) (Instr. Ownership 3) Security Year) Year) Code V (A) (D) able Date Title Shares 5) (Instr. 4) 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ Stock Options (Right to Buy) Common (2) $13.28125 (3) 2/8/09 Stock 150,000 150,000 D ------------------------------------------------------------------------------------------------------------------------------------ Stock Options (Right to Buy) Common (4) $23.93 3/13/02 A V 150,000 (5) 3/12/12 Stock 150,000 150,000 D ------------------------------------------------------------------------------------------------------------------------------------ Stock Options (Right to Buy) Common (4) $23.93 3/13/02 A V 50,000 12/31/04 3/12/12 Stock 50,000 50,000 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ (1) Represents a restricted stock award from the issuer. (2) Granted pursuant to the Armor Holdings, Inc. 1996 Stock Option Plan. (3) Presently exercisable. (4) Granted pursuant to the Armor Holdings, Inc. 2002 Executive Stock Plan. (5) 150,000 options become exercisable in three equal annual installments beginning on December 31, 2002. * If the Form is filed by more than one reporting person, See Instruction 5(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/ Stephen E. Croskrey September 16, 2002 ---------------------------------------- -------------------- ** Signature of Reporting Person Date Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.