U.S. 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 Instruction 1(b). 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 1. Name and Address of Reporting Person* Ward III, Stevenson E. 1931 Black Rock Turnpike Fairfield, CT 06825 2. Issuer Name and Ticker or Trading Symbol Acme United Corporation (ACU) 3. IRS or Social Security Nummber of Reporting Person (Voluntary) 4. Statement for Month/Year April 2003 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Persons to Issuer (Check all applicable) [x] Director [ ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) 7. Individual or Joint/Group Filing (Check Applicable Line) [ ] 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 2. Transaction 3. Transaction 4. Securities 5. Amount of 6. Ownership Form: 7. Nature of Security Date Code Acquired (A) Securities Direct (D) or Indirect (Instr. 3) (Month/Day (Instr. 8) or Disposed of (D) Beneficially Indirect (I) Beneficial Year) (Instr. 3, 4 and 5) Owned at End (Instr. 4) Ownership of Month (Instr. 4) (Instr. 3 and 4) --------------- ---------------------- Code V Amount (A) or Price (D) --------------- ---------------------- ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Page 1 of 2 pages Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., Puts, Calls, Warrants, Options, Convertible Securities) 1. Title of 2. Conver- 3. Trans- 4. Trans- 5. Number of Deriv- 6. Date Exer- 7. Title and Amount of Derivative sion or action action ative Securities cisable and Underlying Securities Security Exercise Date Code Acquired (A) or Expiration (Instr. 3 and 4) (Instr. 3) Price (Month/ (Instr. 8) Disposed of (D) Date of Deri- Day/ (Instr. 3, 4 (Month/Day/ vative Year) and 5) Year) ------------ ----------------- ---------------- -------------------------- Date Expira- Amount or Exer- tion Number of Code V (A) (D) cisable Date Title Shares ------------ ----------------- ---------------- -------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Stock Options 3.44 4/28/03 A5* 2,500 4/28/03 4/28/13 Common 2,500 Stock Table II -- Derivative Securities Acquired, Discposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) (continued) 8. Price 9. Number of 10. Ownership 11. Nature of of Derivative Form: Indirect Derivative Securities Direct (D) Beneficial Security Beneficially or Indirect Ownership (Instr. 5) Owned at (I) (Instr. 4) End of Month (Instr. 4) ----------------------------------------------------------------------------------------------------------------------------------- 15,000 D Explanation of Responses: Reminder: Report a separate line for each class of securities beneficially owned. * 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). Date: April 28, 2003 By: /s/ Steveson E. Ward, III ------------------------------- Steveson E. Ward, III Page 2 of 2 pages