UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7 )*
ALBERTO-CULVER COMPANY
(Name of Issuer)
CLASS A COMMON STOCK, $.22 par value per share
(Title of Class of Securities)
013068200
(CUSIP Number)
Check the following box if a fee is being paid with the statement . (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.)
* 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 disclosure
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).
(Continued on following page(s))
Page 1 of 4 Pages
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CUSIP NO. 013068200 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
LEONARD H. LAVIN
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)
(b)
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3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
3,108,468**
NUMBER
OF SHARES ------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 301,244**
EACH -------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
3,108,468**
-------------------------------------------------
WITH
8 SHARED DISPOSITIVE POWER
301,244**
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,409,712**
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
Excluded are: 2,665,094 Class B shares held by Lavin's spouse as
trustee or co-trustee of trusts for her benefit, and 267,340 Class
A shares and 477,164 Class B shares held by Lavin's spouse as
trustee or co-trustee of trusts for the benefit of their adult
children and grandchildren. Lavin disclaims beneficial ownership
of such shares.
X
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9).
23.82% **
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
IN
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
** Includes 3,138,468 shares of the Issuer's Class B common stock, $.22 par
value ("Class B shares"), which are immediately convertible at the holder's
option on a share for share basis into shares of Class A common stock.
<PAGE>
CUSIP No. 013068200 SCHEDULE 13G Page 3 of 4
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Item 1(a). Name of Issuer: Alberto-Culver Company
Item 1(b). Address of Issuer's Principal Executive Office:
2525 Armitage Avenue
Melrose Park, Illinois 60160
Item 2(a). Name of Person Filing: Leonard H. Lavin ("Lavin")
Item 2(b). Address of Principal Business Office or, if None, Residence:
2525 Armitage Avenue
Melrose Park, Illinois 60160
Item 2(c). Citizenship: United States citizen
Item 2(d). Title of Class of Securities:
Class A common stock, $.22 par value per share
("Class A shares")
Item 2(e). CUSIP Number: 013068200
Item 3. Not Applicable
Item 4. Ownership.
(a) Amount Beneficially Owned: 3,409,712 Class A shares 1
(b) Percentage of Class: 23.82%
(c) Number of shares as to
which such person has:
(i) Sole power to vote: 3,108,468 Class A shares 2
(ii) Shared power to vote: 301,244 Class A shares 3
(iii) Sole power to dispose: 3,108,468 Class A shares 2
(iv) Shared power to dispose: 301,244 Class A shares 3
1 Includes 3,138,468 shares of Issuer's Class B shares, which are
immediately convertible at the holder's option on a share for share basis into
Class A shares.
2 Does not include: 2,665,094 Class B shares held by Lavin's spouse as
trustee or co-trustee of trusts for her benefit, and 267,340 Class A shares and
477,164 Class B shares held by Lavin's spouse as trustee or co-trustee of trusts
for the benefit of their adult children and grandchildren. Lavin disclaims
beneficial ownership of such shares.
3 1,800,000 Class B shares are held as co-trustee with Carol L. Bernick
of a grantor annuity trust for the benefit of Lavin; and 271,244 Class A shares
and 30,000 Class B shares are held in the name of Lavin Family Foundation, a
charitable foundation of which Lavin is the President and a Director. Does not
include 6,800 Class A shares and 38,000 Class B shares which are held by the
Lavin Family Supporting Foundation, a charitable foundation of which Lavin is
one of three Directors.
<PAGE>
CUSIP No. 013068200 SCHEDULE 13G Page 4 of 4
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Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable.
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.
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 13, 1997
Signature: /s/ Leonard H. Lavin
Leonard H. Lavin
wp\KKS\NYSESEC\lhl13g7.97
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