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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
GETTY PETROLEUM MARKETING INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
374292 10 0
(CUSIP Number)
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CUSIP NO. 374292 10 0 13G
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1. NAME OF REPORTING PERSON: Milton Safenowitz
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION: United States citizen
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER: 0
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6. SHARED VOTING POWER: 2,029,802*
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7. SOLE DISPOSITIVE POWER: 0
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8. SHARED DISPOSITIVE POWER: 2,029,802*
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
2,029,802*
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES:
[X]
Excludes 176,118 shares owned by The Marilyn Safenowitz Irrevocable Trust,
as to which the Reporting Person disclaims beneficial ownership pursuant to
Rule 13d-4 under the Securities Exchange Act of 1934
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 14.8%
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12. TYPE OF REPORTING PERSON: IN
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* Includes 500,000 shares held by the Safenowitz Family Partnership, LP, (all
of the stock of the general partner of which is owned by the Reporting Person
and his wife), as to which the Reporting Person disclaims ownership except to
the extent of his pecuniary interest therein, and 1,529,802 shares held by The
Milton Safenowitz Irrevocable Trust (of which the Reporting Person is a life
beneficiary).
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ITEM 1(a). NAME OF ISSUER: Getty Petroleum Marketing Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
125 Jericho Turnpike
Jericho, New York 11753
ITEM 2(a). NAME OF PERSON FILING: Milton Safenowitz
ITEM 2(b). ADDRESS OF RESIDENCE:
7124 Queenferry Circle
Boca Raton, Florida 33496
ITEM 2(c). CITIZENSHIP: United States
ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $.01 par value
ITEM 2(e). CUSIP NUMBER: 374292 10 0
ITEM 3. Not applicable.
ITEM 4. OWNERSHIP
(a) AMOUNT BENEFICIALLY OWNED: 2,029,802*
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(b) PERCENT OF CLASS: 14.8%
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(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
0
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(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE:
2,029,802*
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(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF:
0
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(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF:
2,029,802*
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable.
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* Includes 500,000 shares held by the Safenowitz Family Partnership, LP, (all
of the stock of the general partner of which is owned by the Reporting Person
and his wife), as to which the Reporting Person disclaims ownership except to
the extent of his pecuniary interest therein, and 1,529,802 shares held by The
Milton Safenowitz Irrevocable Trust (of which the Reporting Person is a life
beneficiary).
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ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
The Milton Safenowitz Irrevokable Trust has the right to receive and
the power to direct the receipt of dividends from, and the proceeds
from the sale of, the 1,529,802 shares held by it, which interest
relates to more than five percent of the class.
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 11, 1998
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/s/ Milton Safenowitz
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Milton Safenowitz
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