FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION _________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
INITIAL STATEMENT OF |_________________|
BENEFICIAL OWNERSHIP OF SECURITIES |OMB NUMBER: |
| 3235-0104|
|EXPIRES: |
| APRIL 30, 1997 |
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE|
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE 0.5 |
Holding Company Act of 1935 |_________________|
or Section 30(f) of the Investment
Company Act of 1940
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1. Name and Address of Reporting Person
Republic Industries, Inc.
200 East Las Olas Boulevard, Suite 1400
Fort Lauderdale, Florida 33301
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2. Date of Event Requiring Statement (Month/Day/Year)
July 1, 1996
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3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY)
____________________________________________________________________________
4. Issuer Name and Ticker or Trading Symbol
ADT Limited (ADT)
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5. RELATIONSHIP OF REPORTING PERSON TO ISSUER (CHECK ALL APPLICABLE)
( ) DIRECTOR
(x*) 10% OWNER *Republic expressly disclaims beneficial ownership of
the securities referenced on Table II, and therefore
disclaims status as a 10% Owner.
( ) OFFICER (GIVE TITLE BELOW)
( ) OTHER (SPECIFY TITLE BELOW)
_____________________________________
___________________________________________________________________________
6. IF AMENDMENT, DATE OF ORIGINAL (MONTH/DAY/YEAR)
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TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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|1. TITLE OF SECURITY|2. AMOUNT OF |3. OWNERSHIP |5. NATURE OF INDIRECT |
| (INSTR. 4) | SECURITIES | FROM | BENEFICIAL OWNERSHIP|
| | BENEFICIALLY| (D)IRECT | (INSTR. 5) |
| | OWNED | OR | |
| | (INSTR. 4) | (I)NDIRECT| |
| | | (INSTR. 5)| |
|____________________|_______________|_____________|_______________________|
NONE
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TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security (Instr. 4)
Warrant to purchase common shares
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2. Date Exercisable and Expiration Date (Month/Day/Year)
**
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3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
Common Shares, par value $.10 per share*; 15,000,000*
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4. Conversion or Exercise Price of Derivative Security
$20.00
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5. Ownership Form of Derivative Security: (D)irect or (I)ndirect (Instr. 5)
D
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6. Nature of Indirect Beneficial Ownership (Instr. 5)
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EXPLANATION OF RESPONSES:
* Republic expressly disclaims beneficial ownership of the 15,000,000
Common Shares issuable upon exercise of the Warrant (as defined below).
** On July 1, 1996, Republic Industries, inc. ("Republic"), was issued a
warrant to purchase 15,000,000 Common Shares of ADT Limited ("ADT") at an
exercise price of $20 per share, subject to adjustment (the "Warrant").
ADT granted the Warrant to Republic in order to induce Republic to enter
into the Agreement and Plan of Amalgamation (the "Amalgamation Agreement")
dated as of July 1, 1996 between and among Republic, R.I./TRIANGLE, LTD.
and ADT. The Warrant will become exercisable for a six-month period
commencing upon termination of the Amalgamation Agreement in accordance
with its terms.
/s/ Richard L. Handley July 11, 1996
Senior Vice President DATE
*** SIGNATURE OF REPORTING PERSON
_____________________________
*** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS.
SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A).
NOTE: FILE THREE COPIES OF THIS FORM, ONE OF WHICH MUST BE MANUALLY SIGNED.
IF SPACE PROVIDED IS INSUFFICIENT, SEE INSTRUCTION 6 FOR PROCEDURE
