GENOVESE DRUG STORES INC
SC 13G, 1996-02-09
DRUG STORES AND PROPRIETARY STORES
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<PAGE>   1
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                         (AMENDMENT NO. ______________)*

                           Genovese Drug Stores, Inc.
                                (Name of Issuer)

                 Class A Common Stock, par value $1.00 per share
                         (Title of Class of Securities)

                                    372442202
                                 (CUSIP Number)

Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the filing 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 the
disclosures provided in a prior cover page.

The information required in 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).

                                Page 1 of 5 pages
<PAGE>   2
CUSIP No. 372442202                   13G                      Page 2 of 5 Pages

- --------------------------------------------------------------------------------
     1      NAME OF REPORTING PERSONS
            S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS

            Frances Genovese Wangberg
- --------------------------------------------------------------------------------
     2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                      (a)/ /
                                                                      (b)/ /
- --------------------------------------------------------------------------------
     3      SEC USE ONLY
- --------------------------------------------------------------------------------
     4      CITIZENSHIP OR PLACE OF ORGANIZATION

            United States of America
- --------------------------------------------------------------------------------
                                  5      SOLE VOTING POWER
                          
                                                                    196,303
                          ------------------------------------------------------
    NUMBER OF                     6      SHARED VOTING POWER
      SHARES              
   BENEFICIALLY           
     OWNED BY             
  EACH REPORTING                                                   1,574,854
   PERSON WITH            ------------------------------------------------------
                                  7      SOLE DISPOSITIVE POWER

                                                                     196,303
                          ------------------------------------------------------
                                  8      SHARED DISPOSITIVE POWER

                                                                   1,574,854
- --------------------------------------------------------------------------------
     9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            1,771,157
- --------------------------------------------------------------------------------
    10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
                                                                       / /
- --------------------------------------------------------------------------------
    11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

            23.9%
- --------------------------------------------------------------------------------
    12      TYPE OF REPORTING PERSON*

            IN
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

                                Page 2 of 5 pages
<PAGE>   3
ITEM 1(a).   NAME OF ISSUER:

             Genovese Drug Stores, Inc.

ITEM 1(b).   ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

             80 Marcus Drive
             Melville, NY  11747

ITEM 2(a).   NAME OF PERSON FILING:

             Frances Genovese Wangberg

ITEM 2(b).   ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

             80 Marcus Drive
             Melville, NY  11747

ITEM 2(c).   CITIZENSHIP:

             United States of America

ITEM 2(d).   TITLE OF CLASS OF SECURITIES:
       
             Class A Common Stock, par value $1.00 per share

ITEM 2(e).   CUSIP NUMBER:

             372442202

ITEM 3.      IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b), 
             CHECK WHETHER THE PERSON FILING IS A:

             Not applicable

ITEM 4.      OWNERSHIP.

             (a)  AMOUNT BENEFICIALLY OWNED:

                  1,771,157

             (b)  PERCENT OF CLASS:

                  23.9%

             (c)  NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:

                  (i)   SOLE POWER TO VOTE OR TO DIRECT THE VOTE

                        196,303

                  (ii)  SHARED POWER TO VOTE OR TO DIRECT THE VOTE

                        1,574,854

                  (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF

                        196,303

                                Page 3 of 5 pages
<PAGE>   4
                  (iv)  SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF

                        1,574,854

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.

                                                     February 6, 1996
                                               ---------------------------------
                                                          (Date)

                                               /s/ Frances Genovese Wangberg
                                               ---------------------------------
                                                   (Signature)

                                                   Frances Genovese Wangberg
                                               ---------------------------------
                                                            (Name/Title)

                                Page 4 of 5 pages
<PAGE>   5
              ANNEX A TO SCHEDULE 13G OF FRANCES GENOVESE WANGBERG

The aggregate number of shares shown as beneficially owned by the Reporting
Person includes the effect of a 10% stock dividend paid in January 1996.

Of the aggregate number of shares shown as beneficially owned by the Reporting
Person, 1,755,117 are beneficially owned in the form of the Issuer's Class B
Common Stock, par value $1.00 per share, which class is not registered as a
class of equity securities under the Securities Act of 1933, and 11,942 are
owned in the form of options exercisable for shares of the Issuer's Class A
Common Stock, all of which can be converted within 60 days into an equal number
of shares of the Issuer's Class A Common Stock. Of such number of shares of the
Issuer's Class B Common Stock, 1,574,854 are beneficially owned as a Trustee
under the Trust under the Will of the late Joseph W. Genovese, Jr. and the
Reporting Person is the sole beneficiary of such trust.

                                Page 5 of 5 pages


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