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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
Syncor International Corporation
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(Name of Issuer)
Common Stock, $0.05 par value
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(Title of Class of Securities)
87157J106
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(CUSIP Number)
Gene R. McGrevin
10697 Bell Road, Duluth, Georgia 30155, (770) 497-0307
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
July 12, 1996
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the statement /X/.
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 5 Pages
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SCHEDULE 13D
CUSIP No. 87157J106 Page 2
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GENE R. MCGREVIN S.S. # ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
NOT APPLICABLE
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF; SC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES CITIZENSHIP
NUMBER OF 7 SOLE VOTING POWER
SHARES 709,000 (INCLUDES VESTED OPTIONS FOR 60,000 SHARES)
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER 0
EACH
REPORTING SOLE DISPOSITIVE POWER
PERSON
WITH 9 709,000 (INCLUDES VESTED OPTIONS FOR 60,000 SHARES)
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
709,000 (INCLUDES VESTED OPTIONS FOR 60,000 SHARES)
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.6%
14 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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CUSIP NO. 87157J106 13D PAGE 3
INTRODUCTION
This Statement constitutes the initial filing for Gene R. McGrevin.
ITEM 1. SECURITY AND ISSUER.
The class of equity securities to which this Statement relates is the
Issuer's Common Stock, $0.05 par value per share. The Issuer is Syncor
International Corporation and its principal executive offices are located at
20001 Prairie Street, Chatsworth, CA 91311-2185.
ITEM 2. IDENTITY AND BACKGROUND.
(a) Gene R. McGrevin
(b) Residence: 10697 Bell Road, Duluth, GA 30155
(c) Mr. McGrevin is retired.
(d), (e) Legal/Civil Proceedings - Gene McGrevin has not, during
the last five years, been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors), or been a
party to a civil proceeding of a judicial or administrative body
of competent jurisdiction which as a result of such proceeding he
was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any
violations with respect to such laws.
(f) United States Citizenship
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
(a) Personal Funds were used to purchase 5,000 shares in the open
market for approximately $7 per share in 1989.
(b) Subject Company loaned Mr. McGrevin the funds to purchase
644,000 shares upon the exercise of options on 7/12/96 at various
exercise prices, for a total price of $4,003,875 (see Item 5(c)
below for details). The loan, due in full on July 11, 1997, is
interest bearing and secured by the 644,000 shares.
ITEM 4. PURPOSE OF TRANSACTION.
The transactions reported herein have been entered into solely for investment
purposes.
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CUSIP NO. 87157J106 13D PAGE 4
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Beneficial Ownership:
(i) Aggregate number of shares beneficially owned:
(A) 649,000 shares individually owned
(B) Options granted in April of 1996 for
60,000 shares at an exercise price of $10 per share
(C) Mr. McGrevin holds 5,983.85 units of
interest in the ESOP Trust of Syncor International
Corporation (the "ESOP Interest")
(D) Total shares beneficially owned: 709,000*
(ii) Percentage of shares beneficially owned: 6.6%**
(b) Nature of Ownership:
(i) Number of shares beneficially owned with sole
voting and dispositive power: 709,000 shares***
(ii) Number of shares beneficially owned with shared
voting or dispositive power: None.
(c) Transactions in the past 60 days include the exercise of
options for 644,000 shares on 7/12/96 as follows:
(i) Options for 300,000 shares at an exercise price of $4.75 per
share
(ii) Options for 200,000 shares at an exercise price of $6.54 per
share
(iii) Options for 75,000 shares at an exercise price of $9.125 per
share
(iv) Options for 69,000 shares at an exercise price of $8.50 per
share
(d) To the knowledge of Gene McGrevin no other person has the
right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, the shares of Common Stock
reported herein.
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* Excludes ESOP Interest.
** Based on 10,117,710 shares outstanding as of 7/5/96 as reported in
Amendment No. 1 to Form 10-K of Syncor International Corporation for the
fiscal year ended 12/31/95 plus 704,000 shares of which 644,000 shares were
issued upon the exercise of Mr. McGrevin's options on 7/12/96 and 60,000 of
which are vested options currently held by Mr. McGrevin.
*** Includes vested options for 60,000 shares.
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CUSIP NO. 87157J106 13D PAGE 5
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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.
Dated: August 14, 1996
By: /s/ Gene R. McGrevin
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Name: Gene R. McGrevin
