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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 16)*
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Del Laboratories, Inc.
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(Name of Issuer)
Common Stock, par value $1.00 per share
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(Title of Class of Securities)
24509110309
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A
fee is not required only if the filing 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.)
*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 the disclosures provided in a prior cover page.
The information required in 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 4 Pages
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CUSIP No. 24509110309 13G Page 2 of 4 Pages
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(1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Dan K. Wassong
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP* (b) / /
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A
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NUMBER OF SHARES (5) SOLE VOTING
BENEFICIALLY POWER
OWNED BY 2,247,891
EACH REPORTING --------------------------------------------------
PERSON WITH (6) SHARED VOTING
POWER
0
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(7) SOLE DISPOSITIVE
POWER
2,195,404
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(8) SHARED DISPOSITIVE
POWER
52,487
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,247,891
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
34.3 %
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(12) TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 4 Pages
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ITEM 4. OWNERSHIP.
(a) AMOUNT BENEFICIALLY OWNED:
2,247,891 shares(1)
(b) PERCENT OF CLASS:
34.3%(2)
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
2,247,891
(ii) SHARED POWER TO VOTE OR DIRECT THE VOTE:
-0-
(iii) SOLE POWER TO DISPOSE OR DIRECT THE DISPOSITION OF:
2,195,404
(iv) SHARED POWER TO DISPOSE OR DIRECT THE DISPOSITION
OF:
52,487
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(1) All share numbers reported in this form reflect a 4-for-3 stock
split effect by the issuer in November 1996. Includes 1,292,993 shares owned
individually by Mr. Wassong, 902,411 shares issuable upon exercise of options
held by Mr. Wassong, and 52,487 shares held for the account of Mr. Wassong by
the issuer's Employee Stock Ownership Plan (as of the latest annual report
for the Plan).
(2) Based on 5,642,775 shares outstanding at December 31, 1996 and
902,411 shares issuable upon exercise of options held by Mr. Wassong.
Page 3 of 4 Pages
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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.
Dated: February 13, 1997 /s/ Dan K. Wassong
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Dan K. Wassong
Page 4 of 4 Pages
