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OMB APPROVAL
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OMB NUMBER: 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response ...... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section16(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
(Print or Type Responses)
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1. Name and Address of Reporting Person
Cotter Ellen M.
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(Last) (First) (Middle)
c/o Reading Entertainment, Inc., 950 Third Ave., 30th Floor
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(Street)
New York NY 10022
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year) 3/27/98
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3. IRS or Social Security Number of Reporting Person
(Voluntary)_________________
4. Issuer Name and Ticker or Trading Symbol Reading Entertainment, Inc., RDGE
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5. Relationship of Reporting Person to Issuer (Check all applicable)
[ ] Director [x] Officer [ ] 10% Owner [ ] Other
(give title below) (Specify below)
Vice President, Business Affairs
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6. If Amendment, Date of Original (Month/Day/Year) ___________________________
7. Individual or Joint Group Filing (Check Applicable Line)
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 Beneficially Owned
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial Ownership
(Instr. 4) Beneficially Owned Direct (D) or (Instr. 5)
(Instr. 4) Indirect (I)
(Instr. 5)
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<S> <C> <C> <C>
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
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FORM 3 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of
cisable and Underlying Derivative Security or Exercise Form of Indirect
Expiration (Instr. 4) Price of Derivative Beneficial
Date Derivative Security: Ownership
(Month Day Security Direct (D) (Instr. 5)
Year) or
------- ------- --------------------------------- Indirect (I)
Date Expira- Amount (Instr. 5)
Exer- tion or
cisable Date Title Number
of
Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
Stock Option (Right to Buy) 4/18/98 4/18/07 Common Stock 2,500 $12.80 D
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Stock Option (Right to Buy) 4/18/99 4/18/07 Common Stock 2,500 $12.80 D
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Stock Option (Right to Buy) 4/18/00 4/18/07 Common Stock 2,500 $12.80 D
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Stock Option (Right to Buy) 4/18/01 4/18/07 Common Stock 2,500 $12.80 D
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</TABLE>
Explanation of Responses:
**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 is insufficient, See instructions 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.
_______________________________ ______________
**Signature of Reporting Person Date
