SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7 )*
ALBERTO-CULVER COMPANY
(Name of Issuer)
CLASS B COMMON STOCK, $.22 PAR VALUE PER SHARE
(Title of Class of Securities)
013068101
(CUSIP Number)
Marshall E. Eisenberg (312)269-8020 Bernice E. Lavin
NEAL, GERBER & EISENBERG 2525 Armitage Avenue
Two North LaSalle St., Suite 2200 Melrose Park, IL 60160
Chicago, IL 60602 (708) 450-3101
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 23, 1997
(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 . (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 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 8 Pages
<PAGE>
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CUSIP NO. 013068101 13D Page 2 of 8 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bernice E. Lavin
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)
(b) X
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3 SEC USE ONLY
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4 SOURCE OF FUNDS *
Not applicable.
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. citizen
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7 SOLE VOTING POWER
NUMBER
2,664,868
OF SHARES
-------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 180,300
-------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 2,664,868
-------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 180,300
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,845,168
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES *
Excluded are 2,781,378 Class B shares held by Lavin's spouse as
trustee or co-trustee of trusts for his benefit. Lavin has no
beneficial interest in such shares and beneficial interest in them
is disclaimed. X
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11).
16.97%
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14 TYPE OF REPORTING PERSON *
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 013068101 13D Page 3 of 8 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bernice E. Lavin Trust u/a/d 12/18/87
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)
(b) x
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3 SEC USE ONLY
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4 SOURCE OF FUNDS *
Not applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois Trust
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7 SOLE VOTING POWER
NUMBER
1,860,530
OF SHARES
-------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
-------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 1,860,530
-------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,860,530
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES *
Not applicable. X
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11).
11.10%
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14 TYPE OF REPORTING PERSON *
00
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 013068101 13D Page 4 of 8 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BEL February 1996 Grantor Annuity Trust
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)
(b) x
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3 SEC USE ONLY
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4 SOURCE OF FUNDS *
Not applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois Trust
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7 SOLE VOTING POWER
NUMBER
477,474
OF SHARES
-------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
-------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 477,474
-------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
477,474
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES *
Not applicable.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11).
2.85%
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14 TYPE OF REPORTING PERSON *
00
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 013068101 13D Page 5 of 8 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BEL January 1995 Grantor Annuity Trust
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a)
(b) x
- --------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS *
Not applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Illinois Trust
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7 SOLE VOTING POWER
NUMBER
0
OF SHARES
-------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
-------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
-------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES *
Not applicable.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11).
0%
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14 TYPE OF REPORTING PERSON *
00
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 013068101 13D Page 6 of 8 Pages
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Item 1. Security and Issuer.
Title of Class of Securities: Class B Common Stock, $.22
par value per share (the "shares" or "Class B
shares")
Name and Address of Issuer: Alberto-Culver Company (the "Company")
2525 Armitage Avenue
Melrose Park, IL 60160
Item 2. Identity and Background.
(a) Name of Person Filing: (1) Bernice E. Lavin ("Lavin")
(2) BEL February 1996 Grantor Annuity Trust
("February Trust")
(3) Bernice E. Lavin Trust
u/a/d 12/18/87 ("December Trust")
(4) BEL January 1995 Grantor Annuity Trust
("January Trust")
(b) Address: 1), 2), 3) and 4) c/o Bernice E. Lavin
2525 Armitage Avenue
Melrose Park, IL 60160
(c) Principal Business: 1) Lavin is a Director, Vice Chairman, Secretary and
Treasurer of the Company
2) Trust Administration
3) Trust Administration
4) Trust Administration
(d) Prior Criminal Convictions: None
(e) Prior Civil Proceedings With
Respect to Federal or State
Securities Laws: None
(f) Place of Organization: (1) U.S. citizen
(2) Illinois trust
(3) Illinois trust
(4) Illinois trust
Item 3. Source and Amount of Funds or Other Consideration.
On January 23, 1997, Lavin, as co-trustee of the January Trust,
transferred (i) 109,030, 109,030 and 109,030 Class B shares to Carol L.
Bernick ("Mrs. Bernick"), as trustee or co-trustee of the trusts for
the benefit of Lavin's adult children, including Mrs. Bernick and (ii)
3,371 Class B shares to herself as beneficiary. In addition, on January
23, 1997, Lavin as co-trustee of the February Trust, transferred
1,322,526 Class B shares to herself as beneficiary. Lastly, on January
23, 1997, Lavin individually transferred 1,325,897 Class B shares to
herself as trustee of the December Trust.
Item 4. Purpose of Transaction.
Transfers of securities were for the Lavin family's estate planning
rather than corporate purposes. The transfers were not undertaken for
purposes of effecting any of the actions listed in this item.
Item 5. Interest in Securities of the Issuer.
(a) (i) Amount of Class B Common Stock Beneficially
Owned: 2,845,168 shares total: 1,860,530 shares as
trustee of the December Trust; 477,474 shares as
co-trustee of the February Trust; 30,000 shares by
Lavin Family Foundation (a charitable foundation of
which Lavin is the Treasurer and a Director); and
150,300 shares and 326,864 shares, respectively, as
co-trustee of a trust and sole trustee of trusts,
respectively, for the benefit of Lavin's children and
grandchildren.
<PAGE>
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CUSIP NO. 013068101 13D Page 7 of 8 Pages
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(ii) Percentage of Class B Common Stock: 16.97%
total: 11.10% as trustee of the December
Trust; 2.85% as co-trustee of the February
Trust; .18% by Lavin Family Foundation; and
.9% and 1.9%, respectively, as co-trustee of
a trust and sole trustee of trusts,
respectively, for the benefit of Lavin's
children and grandchildren (based upon
16,766,240 shares outstanding as of January
23, 1997).
(b) Number of Shares as to Which Such Person Has:
January February December
Lavin Trust Trust Trust
(i) Sole power to vote: 2,664,868(1) -0- 477,474(1) 1,860,530(1)
(ii) Shared power to vote: 180,300(2) -0- -0- -0-
(iii) Sole power to dispose: 2,664,868(1) -0- 477,474(1) 1,860,530(1)
(iv) Shared power to dispose 180,300(2) -0- -0- -0-
(1) The above shares shown as owned by the February Trust and
December Trust are reflected as sole power of Lavin and the
trust because Lavin has sole voting and investment power with
respect to the shares held by the trust. 326,864 shares are
held as sole trustee of trusts for the benefit of Lavin's
children and grandchildren.
(2) 30,000 shares are held by Lavin Family Foundation; and 150,300
shares are held as co-trustee of a trust for the benefit of
one of Lavin's adult children.
Lavin shares the power to vote and dispose of the 30,000 shares held by Lavin
Family Foundation with her husband, Leonard H. Lavin, and Mrs. Bernick. Lavin
is co-trustee together with Mrs. Bernick of a trust for the benefit of Mrs.
Bernick which holds 150,300 shares. The following information is presented with
respect to Leonard H. Lavin and Bernick, respectively.
(i) Name of Person: Leonard H. Lavin
Carol L. Bernick
(ii) Address: 2525 Armitage Avenue
Melrose Park, Illinois 60160
(iii) Principal Business: Leonard H. Lavin, an individual, is a
Director and the Chairman of the Company.
Carol L. Bernick, an individual, is a
Director and Executive Vice President and
Assistant Secretary of the Company and the
President of Alberto-Culver USA, Inc., a
subsidiary of the Company.
(iv) Prior Criminal None
Convictions:
(v) Prior Civil Proceedings None
with Respect to Federal
or State Securities Laws:
<PAGE>
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CUSIP NO. 013068101 13D Page 8 of 8 Pages
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(vi) Place of Organization: U.S. Citizen
An additional 2,781,378 shares are held by Lavin's husband as
trustee or co-trustee of trusts for his benefit. Lavin has no
beneficial interest in such shares and beneficial ownership of
them is disclaimed.
The shares owned by Lavin and the percentage holdings
specified herein also do not reflect the 271,244 shares of
Class A common stock of the Company held by Lavin Family
Foundation, or 50,100 shares and 217,240 shares of the Company
Class A common stock, respectively, held by Lavin solely in
her capacity as co-trustee of a trust and sole trustee of
trusts, respectively, for the benefit of Lavin's children and
grandchildren.
(c) None, except as indicated in Item 3.
(d) None.
(e) On January 23, 1997, the February Trust and January Trust
ceased to hold greater than 5% of a class of securities. The
January Trust currently holds no equity securities of the
Company.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
None.
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: March 5, 1997
Signature: /s/ Bernice E. Lavin
Name/Title: Bernice E. Lavin, individually;
as co-trustee of the BEL February
1996 Grantor Annuity Trust; as
trustee of the Bernice E. Lavin
Trust u/a/d 12/18/87; as co-trustee
of the BEL January 1995 Grantor
Annuity Trust; as co-trustee
of another trust; and as sole trustee
of trusts for the benefit of her
children and grandchildren
<PAGE>
