SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3 )*
ALBERTO-CULVER COMPANY
(Name of Issuer)
CLASS A COMMON STOCK, $.22 PAR VALUE PER SHARE
(Title of Class of Securities)
013068200
(CUSIP Number)
Marshall E. Eisenberg (312) 269-8020 Bernice E. Lavin
NEAL, GERBER & EISENBERG 2525 Armitage Avenue
Two North LaSalle Street, Suite 2200 Melrose Park, Illinois 60160
Chicago, Illinois 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. 013068200 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
2,882,108**
OF SHARES
-------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 501,644**
-------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 2,882,108**
-------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 501,644**
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,383,752**
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES *
X
Excluded are 2,781,378 Class B shares held by Lavin's spouse as
trustee or co-trustee of trusts for his benefit. Lavin disclaims
beneficial ownership of such shares.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11).
24.13%**
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14 TYPE OF REPORTING PERSON *
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
** Includes shares of Class B Common Stock, $.22 par value per share
("Class B shares"), which are immediately convertible at the holder's
option on a share for share basis into Class A shares.
<PAGE>
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CUSIP NO. 013068200 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
BEL January 1995 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
-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-
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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).
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. 013068200 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).
4.1%
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14 TYPE OF REPORTING PERSON *
00
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
** Includes Class B shares which are immediately convertible at the holder's
option on a share for share basis into Class A shares.
<PAGE>
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CUSIP NO. 013068200 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
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.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11).
14.27%
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14 TYPE OF REPORTING PERSON *
00
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
** Includes Class B shares which are immediately convertible at the holder's
option on a share for share basis into Class A shares.
<PAGE>
CUSIP No. 013068200 SCHEDULE 13D Page 6 of 8
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Item 1. Security and Issuer.
Title of Class of Securities: Class A common stock, $.22 par value
per share ("Class A 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) Bernice E. Lavin Trust,
u/a/d 12/18/87 ("December Trust")
(3) BEL February 1996 Grantor Annuity
Trust ("February 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, an individual,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.
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CUSIP No. 013068200 SCHEDULE 13D Page 7 of 8
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Item 5. Interest in Securities of the Issuer.
(a)(i)Amount of Class A Shares Beneficially Owned 3,383,752 shares
total: 1,860,530 Class B shares held as trustee of the
December Trust; 477,474 Class B shares held as co-trustee of
the February Trust; 217,240 Class A shares and 326,864 Class B
shares held as trustee of various trusts for the benefit of
her children and grandchildren; 50,100 Class A shares and
150,300 Class B shares held as co-trustee of a trust for the
benefit of Mrs. Bernick; and 271,244 Class A shares and 30,000
Class B shares held by Lavin Family Foundation (a charitable
foundation of which Lavin is the Treasurer and a Director).
(ii) Percentage of Class A shares Beneficially Owned*: 24.13%
total: 14.27% as trustee of the December Trust; 4.1% as
co-trustee of the February Trust; 4.73% as trustee of trusts
for the benefit of Lavin's adult children and grandchildren;
1.77% as co-trustee of a trust for the benefit of Mrs.
Bernick; and 2.69% by Lavin Family Foundation (based on
11,178,807 Class A shares outstanding as of January 23, 1997).
* Pursuant to Rule 13d-3(d)(1)(i) of the Securities Exchange Act
of 1934, as amended, the following calculations assume that
all Class B shares beneficially owned by Lavin have been
converted into Class A shares.
(b) Number of Shares as to Which Such Person Has:
January December February
Lavin Trust Trust Trust
(i) Sole power to vote: 2,882,108(1) -0- 1,860,530(1) 477,474
(ii) Shared power to vote: 501,644(2) -0- -0- -0-
(iii) Sole power to dispose: 2,882,108(1) -0- 1,860,530(1) 477,474
(iv) Shared power to dispose: 501,644(2) -0- -0- -0-
(1) The above shares shown as owned by the December Trust
and the February 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. 1,860,530 Class B shares held as trustee
of the December Trust; 477,474 Class B shares held as
co-trustee of the February Trust; 217,240 Class A
shares and 326,864 Class B shares held as sole
trustee of trusts for the benefit of Lavin's children
and grandchildren. Lavin does not hold any shares of
Class A Common Stock individually.
(2) 271,244 Class A shares and 30,000 Class B shares held
by Lavin Family Foundation; and 50,100 Class A shares
and 150,300 Class B shares held as co-trustee of a
trust for the benefit of Mrs. Bernick.
Lavin shares the power to vote and dispose of the 271,244 Class A
shares and 30,000 Class B shares held by Lavin Family Foundation with her
husband, Leonard H. Lavin, and one of her adult children, Carol L. Bernick.
Lavin is co-trustee of a trust for the benefit of Mrs. Bernick which holds
50,100 Class A shares and 150,300 Class B shares. The following information is
presented with respect to Leonard H. Lavin and Carol L. 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 of the Company and
President of Alberto-Culver USA, Inc., a
subsidiary of the Company.
(iv) Prior Criminal Convictions: None.
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CUSIP No. 013068200 SCHEDULE 13D Page 8 of 8
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(v) Prior Civil
Proceedings With
Respect to Federal
or State Securities
Laws: None.
(vi) Place of Organization: U.S. Citizen.
An additional 2,781,378 Class B shares (which are not included
above) are held by Lavin's husband as trustee or co-trustee of
trusts for his benefit. Lavin disclaims beneficial ownership
of such shares.
(c) None, except as described in Item 3 above.
(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.
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: 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
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