UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Klein, Jonathan
2101 Fourth Avenue, Fifth Floor
Seattle, WA 98121
2. Date of Event Requiring Statement (Month/Day/Year)
2/9/98
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Getty Images, Inc. (GETY)
5. Relationship of Reporting Person to Issuer (Check all applicable)
[X] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
Chief Executive Officer &
Director
6. If Amendment, Date of Original (Month/Day/Year)
02/18/98
7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
Table I Non-Derivative Securities Beneficially Owned
- -----------------------------------------------------------------------------------------------------
1)Title of Security 2)Amount of 3) 4)Nature of
Securities D Indirect
Beneficially or Beneficial
Owned I Ownership
- -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Common Stock 622,602 I by Trust (1)
Common Stock 900 I Family Members
(2)
<CAPTION>
Table II Derivative Securitites Beneficially Owned
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1)Title of Derivative Security 2)Date Exercisable 3)Title and Amount of 4)Conver- 5)Ownership 6)Nature of
and Expiration Date Securities Underlying sion or Form of Indirect
(Month/Day/Year) Derivative Security exercise Derivative Beneficial
price of Security Ownership
Date Expira- Amount or Deri- Direct(D)
Exer- tion Number of vative or
cisable Date Title Shares Security Indirect(I)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Employee Stock Option (Right to (3) 07/02/06 Common Stock 615,990 $10.00 D Direct
buy)
Employee Stock Option (Right to (3) 07/02/06 Common Stock 307,995 $16.10 D Direct
buy)
Employee Stock Option (Right to (5) 02/09/08 Common Stock 230,000 $20.91 D Direct
buy)
Employee Stock Option (Right to (7) 02/09/08 Common Stock 345,000 $20.91 D Direct
buy).
<FN>
Explanation of Responses:
(1)
Beneficiary of Crediton Limited
(2)
Owned by immediate family members
(3)
This option to purchase stock of Getty Communications plc was granted on July 2, 1996 and the vesting of the option was accelerated
pursuant to the terms of the scheme of arrangement and merger of PhotoDisc, Inc. into Print Merger, Inc., a wholly owned subsidiary
of the issuer, which transactions were consummated on February 9, 1998. If all or a portion of the option is not exercised by May
16, 1998, the unexercised portion of the option will be converted into an option to purchase Getty Images stock, which will be
deemed vested as to 25% on July 2, 1997 and the remainder of which will be deemed vested ratably as of the first day of each month
thereafter for the following three years.
(4)
Options to purchase the stock of Getty Communications plc were converted into options over Getty Images common stock pursuant to the
scheme of arrangement and merger of PhotoDisc, Inc. into Print Merger, Inc., a wholly-owned subsidiary of Getty Images.
(5)
30,000 options are fully vested and exercisable on February 9, 1999 and the remaining 200,000 options vest as to 25% on February 9,
1999 and the remainder vests ratably as of the first day of each month thereafter for the following three years.
(6)
Options granted with respect to services rendered in connection with Mr. Klein's employment with Getty Communications Limited.
(7)
45,000 options are fully vested and exercisable on February 9, 1999 and the remaining 300,000 options vest as to 25% on February 9,
1999 and the remainder vests ratably as of the first day of each month thereafter for the following three years.
(8)
Options granted with respect to services rendered in connection with Mr. Klein's employment with Getty Images, Inc.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ By: Heather Redman
For: Jonathan Klein
DATE 12/09/98
