UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
FAIRMOUNT CHEMICAL CO., INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
305477 10 1
(CUSIP Number)
Gilbert Leistner
1761 N. Northpark
Chicago, Illinois 60614
(312) 787-6609
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 9, 1998
(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 13d1(b)(3) or (4), check the
following box [ ].
*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
that would alter disclosures provided in a prior
cover page.
The Information required on the remainder of this
cover page shall not deemed to be "filed" for the
purpose of Section 18 of the Securities Exchange Act
of 1934 (the "Act") or otherwise subject to the
liabilities of that section of the Act but shall be
subject to all provisions of the Act.
(Page 1 of 5 pages)
<PAGE>
CUSIP NO. 305477 10 1 13D Page 2 of 5 Pages
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Gilbert Leistner
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP* (a)
(b)
3 SEC USE ONLY
4 SOURCE OF FUNDS*
00 (Inherited from estate of father, William E.
Leistner)
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) or 2 (e)
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY
OWNED BY EACH 1,596,400
REPORTING
PERSON WITH
8 SHARED VOTING POWER
0
9 SOLE DISPOSITIVE POWER
1,596,400
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,596,400
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES*
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)
19.25%
14 TYPE OF REPORTING PERSON*
IN (Shares are registered in an irrevocable
grantor trust, The Howard Leistner, Gilbert
Leistner and Hedi Mizrack Irrevocable Trust)
until no later than June 19, 2002; Reporting
Person is trustee with sole power to vote and
sell shares.)
*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Item 1. Security and Issuer.
This Schedule 13-D dated May 15, 1998, filed
by Gilbert Leistner, relates to the common stock, par
value of $1.00 per share (the "Fairmount Common
Stock"), of Fairmount Chemical Co., Inc., a New
Jersey corporation (the "Issuer" or "Fairmount"). The
principal executive offices of the Issuer are located
at 117 Blanchard Street, Newark, New Jersey 07105.
All capitalized terms used herein shall have the
definitions set forth in the Schedule, except as may
otherwise be provided herein.
Item 2. Identity and Background.
This statement is filed by Gilbert Leistner.
His business address is 1761 N. Northpark, Chicago,
Illinois 60614.
During the last five years, Mr. Leistner has
never been convicted in a criminal proceeding
(excluding traffic violations or similar
misdemeanors), nor has he been party to a civil
proceeding of a judicial or administrative body of
competent jurisdiction as a result of which Mr.
Leistner 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
violation with respect to such laws.
Item 3. Source and Amount of Funds or Other
Consideration.
Mr. Leistner inherited his Fairmount Common
Stock from his father, William E. Leistner.
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<PAGE>
Item 4. Purpose of Transaction.
Not Applicable.
Item 5. Interest in Securities of the Issuer.
As of April 9, 1998, Mr. Leistner is deemed
to beneficially own 1,596,400 shares of Fairmount
Common Stock (approximately 19.25% of the Fairmount
Common Stock outstanding). The percentage of
Fairmount Common Stock outstanding is calculated
based upon information contained in the Company's
10-KSB, as filed with the Commission on April 1, 1998
(File No. 1-4591).
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of
the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
None.
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<PAGE>
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: May 15, 1998 By: /s/ Gilbert Leistner
Name: Gilbert Leistner
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