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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 5 OMB APPROVAL
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[_] Check this box if no longer OMB NUMBER: 3235-0362
subject to Section 16. Form 4 Expires: September 30, 1998
or Form 5 obligations may Estimated average burden
continue. SEE Instruction 1(b). hours per response ...... 1.0
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[_] Form 3 Holdings Reported
[_] Form 4 Transaction Reported
ANNUAL 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(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
Smerling Robert F.
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(Last) (First) (Middle)
c/o Reading Entertainment, Inc.
950 Third Avenue, 30th Floor
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(Street)
New York NY 10022
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Reading Entertainment, Inc. ("RDGE")
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
December 1997
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5. If Amendment, Date of Original (Month/Day/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
x Director 10% Owner
----- ------
x Officer (give Other (Specify
----- title below) ------ below)
President
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7. Individual or Joint/Group Reporting
x Form Filed by One Reporting Person
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Form Filed by More than One Reporting Person
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<TABLE>
<CAPTION>
Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature
(Instr. 3) action action or Disposed of (D) Securities Form: of Indirect
Date Code Beneficially Direct Beneficial
(Instr. 8) (Instr. 3,4 and 5) Owned at End (D) or Ownership
(Month/ -------------------------- Of Issuer's Indirect (Instr. 4)
Day/ Amount (A) or Price Fiscal Year (I)
Year) (D) (Instr. 3 and 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
*If form is filed by more than one reporting person, see instruction 4(b)(v).
(Over)
SEC 2270 (3/91)
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FORM 5 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security 2. Conversion 3. Transaction 4. Transaction 5. Number of Derivative 6. Date Exercisable
(Instr. 3) or Exercise Date Code Securities Acquired (A) and Expiration
Price of (Month Day (Instr. 8) or Disposed of (D) Date
Derivative Year) (Instr. 3, 4, and 5) (Month, Day
Security Year)
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(A) (D) Date Expiration
Exer- Date
cisable
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Stock Option (Right to Buy)* $14.00 9/16/97 D,5 3,000 11/17/94 11/17/03
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Stock Option (Right to Buy)* $14.00 9/16/97 D,5 3,000 11/17/95 11/17/03
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Stock Option (Right to Buy)* $14.00 9/16/97 D,5 3,000 11/17/96 11/17/03
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Stock Option (Right to Buy)* $14.00 9/16/97 D,5 3,000 11/17/97 11/17/03
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------------------
Stock Option (Right to Buy)* $14.00 9/16/97 D,5 3,000 11/17/98 11/17/03
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------------------
Stock Option (Right to Buy)* $12.80 9/16/97 A,5 7,812 4/18/98 4/18/07
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Stock Option (Right to Buy)* $12.80 9/16/97 A,5 7,813 4/18/99 4/18/07
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Stock Option (Right to Buy)* $12.80 9/16/97 A,5 7,812 4/18/00 4/18/07
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Stock Option (Right to Buy)* $12.80 9/16/97 A,5 7,813 4/18/01 4/18/07
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------------------
Stock Option (Right to Buy)* $12.80 9/16/97 A,5 3,750 4/18/02 4/18/07
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</TABLE>
<TABLE>
<CAPTION>
7. Title and Amount of 8. Price of Derivative 9. Number of Derivative 10. Ownership of 11. Nature of the
Underlying Securities Security (Instr. 5) Securities Beneficially Derivate Security: Indirect Beneficial
(Instr. 3 AND 4) Owned at End of Year Direct (D) or Ownership (Instr. 4)
Instr. 4) Indirect (I) (Instr. 4)
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Title Amount or
Number of
Shares
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<S> <C> <C> <C> <C>
Common
Stock 3,000 0 D
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Common
Stock 3,000 0 D
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Common
Stock 3,000 0 D
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Common
Stock 3,000 0 D
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Common
Stock 3,000 0 D
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Common
Stock 7,812 7,812 D
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Common
Stock 7,813 7,813 D
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Common
Stock 7,812 7,812 D
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Common
Stock 7,813 7,813 D
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Common
Stock 3,750 3,750 D
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</TABLE>
*Explanation of Responses:
* Divested stock options indicated by an asterisk (*) have been
surrendered by the reporting person solely in exchange for the issuance
of the acquired options (also indicated by an asterisk).
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
_______________________________ ______________
**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.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
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SEC 2270 (3/91)
