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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No....)
SIGNATURE RESORTS, INC.
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
(Title of Class of Securities)
82668B106
(CUSIP Number)
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP No............................................................. 82668B106
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(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons..................................................... Osamu Kaneko
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
a)........................................................................
b)........................................................................
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(3) SEC Use Only..............................................................
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(4) Citizenship or Place of Organization.................................Japan
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Number of Shares (5) Sole Voting Power.......... 2,667,903
Beneficially Owned --------------------------------------------
by Each Reporting (6) Shared Voting Power............. None
Person With --------------------------------------------
(7) Sole Dispositive Power...... 2,667,903
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(8) Shared Dispositive Power......... None
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person... 2,667,903
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)............................................................
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(11) Percent of Class Represented by Amount in Row 9.................. 15.34%
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(12) Type of Reporting Person (See Instructions)........................... IN
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Item 1(a) Name of Issuer:
SIGNATURE RESORTS, INC.
Item 1(b) Address of Issuer's Principal Executive Offices:
5933 West Century Blvd., Suite 210,
Los Angeles, CA 90045
Item 2(a) Name of Person Filing:
Osamu Kaneko
Item 2(b) Address of Principal Business Office or, if none, Residence:
5933 West Century Blvd., Suite 210,
Los Angeles, CA 90045
Item 2(c) Citizenship:
Japan
Item 2(d) Title of Class of Securities:
Common Stock, $0.01 par value
Item 2(e) CUSIP Number:
82668B106
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act.
(b) [ ] Bank as defined in section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in section 3(a)(19) of the
Act.
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act of 1940.
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see (S) 240.13d-
1(b)(1)(ii)(F).
(g) [ ] Parent Holding Company, in accordance with (S) 240.13d-
1(b)(ii)(G) (Note: See Item 7).
(h) [ ] Group, in accordance with (S) 240.13d-1(b)(1)(ii)(H)
Not applicable.
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Item 4. Ownership.
(a) Amount Beneficially Owned:
2,667,903
(b) Percent of Class:
15.34%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote ..............2,667,903
(ii) shared power to vote or to direct the vote...............None
(iii) sole power to dispose or to direct the
disposition of..................................... 2,667,903
(iv) shared power to dispose or direct the disposition of.....None
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof, the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
No other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
securities.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 14, 1997
Signature: /s/ Osamu Kaneko
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Osamu Kaneko
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