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
/ / Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
/ / Form 3 Holdings Reported
/ / Form 4 Transactions Reported.
1. Name and Address of Reporting Person*
Cully David K.
(Last) (First) (Middle)
New York, New York 10011
(City) (State) (Zip)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
2/1/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
/ / Director / / 10% Owner /x/ Officer (give title below) / / Other (Specify 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
5. Amount of
Securi-
ties
Bene-
ficially
4. Securities Acquired (A) Owned at 6. Owner-
2. Trans- or Disposed of (D) End of ship
action 3. Trans- (Instr. 3, 4 and 5) Issuer's Form: 7. Nature of
Date action --------------------------- Fiscal (D) or Indirect
Month/ Code (A) Year Indirect Beneficial
1. Title of Security Day/ (Instr. Amount or Price (Instr. (I) Ownership
(Instr.3) Year) 8) (D) 3 and 4) (Instr. 4) (Instr. 4)
- ----------------------------- --------- ---------- -------- --- -------- ------------ ------------- -------------
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* If the form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(e.g., puts, calls, warrants, options, convertible securities)
2. Conver- 5. Number of Deriv- 6. Date Exercisable
sion or 3. Trans- ative Securities and Expiration Date
Exercise action Acquired (A) or (Month/Day/Year)
Price of Date 4. Trans- Disposed of (D) -----------------------
Deriv- (Month/ action (Instr. 3, 4, and 5) Date
1. Title of Derivative Security ative Day/ Code ----------------------- Exercis- Expiration
(Instr. 3) Security Year) (Instr. 8) A D able Date
- ---------------------------------- ----------- ---------- ------------ ----------- ----------- ---------- ----------
Stock Option (Right to Buy) (1)(2) $34.875 5/31/96 A 5,394 (2) 5/30/06
9. Number of 10. Ownership
Derivative of Deriv-
Securities ative
7. Title and Amount of Underlying Benefi- Security:
Securities (Instr. 3 and 4) cially Direct 11. Nature of
--------------------------------- 8. Price of Owned (D) or Indirect
Amount or Derivative at End Indirect Beneficial
1. Title of Derivative Title Number of Security of Year (I) Ownership
Security (Instr. 3) Shares (Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4)
- ---------------------- -------------------- --------- ------------- ------------- -------------- --------------
Common Stock, par 5,394 -- 94,954(3) D
value $.001
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Explanation of Responses
(1) Issued pursuant to 1996 Incentive Plan.
(2) One-third of the options granted to the Reporting Person become
exercisable on May 31 of each of the years 1997
through 1999.
(3) Represents the total number of stock options (right to buy) beneficially
owned by the Reporting Person with respect to Common Stock, par value
$.001.
By: /s/ David K. Cully Date: March 17, 1997
------------------------------- --------------------
**Signature of Reporting Person
David K. Cully
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** 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 provided is insufficient, see Instruction 6 for procedure.