4 1 x710fm4.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP ( ) Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). 1. Name and Address of Reporting Person: Albert Christian Schauer 5512 Bobwhite Kalamazoo, Michigan 49009 2. Issuer Name and Ticker or Trading Symbol: Triple S Plastics, Inc. TSSS 3. IRS or Social Security Number of Reporting Person (Voluntary): ###-##-#### 4. Statement for Month/Year: June 2001 5. If Amendment, Date of Original (Month/Year): 6. Relationship of Reporting Person(s) to Issuer (Check all applicable): (x) Director (x) 10% Owner (x) Officer (give title below) (x) Other (specify below) Chief Executive Officer Member of 13(d) group owning more than 10% 7. Individual or Joint/Group Filing (Check Applicable Line): (x) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person

Explanation of Responses: Explanation of footnotes to Table I: For purposes of Section 13(d) of the Securities Exchange Act, Albert Christian Schauer is a member of a group that together owns more than 10% of the Issuer s Common Stock. Except as indicated in the following note, the securities shown in Table I are beneficially owned for purposes of Rule 16a-1(a)(2) by Mr. Schauer. (1) On June 11, 2001, Mr. Schauer sold 264,817 shares to the Issuer for the fair market value of such shares ($7.08 per share, determined using the previous day s closing price for the shares as reported in the Wall Street Journal.) The proceeds from this sale were used to pay the exercise price and applicable withholding taxes on shares purchased under the exercise of options, as discussed in detail on Table II. Explanation of footnotes to Table II: (1) The exercise price of these options is $3.125. The Issuer, pursuant to its Employee Stock Option Plan, facilitated Mr. Schauer's exercise of these options by purchasing 264,817 shares from Mr. Schauer immediately upon his exercise of that same number of options. The price paid by the Company for the shares was $7.08 per share, the fair market value of the shares as of that date. Mr. Schauer then used the proceeds of this sale to pay the applicable withholding taxes and exercise price of the remaining 205,183 options, and now beneficially owns 205,183 shares of the Issuer's Common Stock. (2)(3) These options, held by other parties to the Company Shareholders Agreement, dated July 13, 2001, reinstated May 25, 2001, will all become fully vested and immediately exercisable ten days prior to the closing of the transactions contemplated in the Merger Agreement. As a party to the Company Shareholders Agreement, Mr. Schauer is deemed to beneficially own these shares. The original vesting and expiration of these options is as follows: 3,000 options vested July 25, 1996, expire July 25, 2006 3,000 options vested May 24, 1997, expire May 24, 2006 3,000 options vested May 24, 1998, expire May 24, 2006 20,000 options vested May 21, 1998, expire May 21, 2007 20,000 options vested May 21, 1999, expire May 21, 2007 20,000 options vested July 23, 2000, expire March 24, 2008 3,333 options vested July 23, 2000, expire January 21, 2003 20,000 options vested September 24, 2000, expire March 24, 2008 3,333 options vested April 11, 2001, expire October 11, 2003 10,000 options vested June 30, 2001, expire December 31, 2001 SIGNATURE OF REPORTING PERSON: By: /s/ Albert Christian Schauer ---------------------------- Albert Christian Schauer DATE: June 11, 2001 Issuer & Ticker Symbol: Triple S Plastics, Inc., TSSS Statement for Month/Year: June, 2001

TRIPLE S PLASTICS INC 4