FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
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1. Name and Address of Reporting Person
Seamans David B.
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(Last) (First) (Middle)
56 Birch Street
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(Street)
Bryant Pond Maine 04219
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(City) (State) (Zip)
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2. Date Of Event Requiring Statement
(Month/Day/Year)
1/1/99
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
American Skiing Company (NYSE Symbol: SKI)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] 10% Owner
[ ] Director
[ ] Officer (give title below)
[X] Other (specify below)
Managing Director of Significant Subsidiary
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6. If Amendment, Date of Original (Month/Year)
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7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by
One Reporting Person [ ] Form filed by More than One Reporting Person
<PAGE>
Form 3 (continued)
<TABLE>
<CAPTION>
TABLE I - Non-Derivative Securities Beneficially Owned
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1. 2. 3. 4.
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Title of Security Amount of Securities Beneficially Ownership Form: Direct (D) or Nature of Indirect Beneficial
Owned (Instr. 4) Indirect (I) (Instr. 5) Ownership (Instr. 5)
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<S> <C> <C> <C>
Common Stock,
Par Value $.01 per share 0 N/A N/A
</TABLE>
Reminder: Report on a separate line for each class of security beneficially
owned directly or indirectly . (Print or Type Responses)
<PAGE>
Form 3 (continued)
<TABLE>
<CAPTION>
TABLE II -Derivative Securities Beneficially Owned
(e.g., put, calls, warrants, options, convertible securities)
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1. 2. 3. 4. 5. 6.
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Title of Derivative Date Exercisable and Title and Amount Conversion or Ownership Form of Nature of
Security (Instr. 4) Expiration Date of Securities Exercise Price of Derivative Security: Indirect
(Month/Day/Year) Underlying Derivative Derivative Security Direct (D) or Beneficial
Security (Instr. 4) Indirect (I) Ownership
(Instr. 5)
Date Expiration Title Amount or
Exercisable Date Number of
Shares
----------- ---------- ------ ---------
<S> <C> <C> <C> <C> <C> <C>
Option 8/10/99 8/01/07 Common 1,500 $18/share D
(right to purchase) Stock, par
value $.01
per share
Option *See below 10/22/08 Common 7,000 $7/share D
(right to purchase) Stock, par
value $.01
per share
</TABLE>
/s/ David B. Seamans 1/7/99
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**Signature of Reporting Person Date
Explanation of Responses:
*Stock options were granted effective October 22, 1998 and are not exercisable
until the later of (a) October 22, 2000, and (b) the date of vesting. Options
vest as follow:
No. of Shares Vesting Date
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1,400 October 22, 1999
1,400 October 22, 2000
1,400 October 22, 2001
1,400 October 22, 2002
1,400 October 22, 2003
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 5 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 display a current valid
OMB Number..
