SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under The Securities Exchange Act of 1934
(Amendment No. 14)*
GIANT GROUP, LTD.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
374503100
(CUSIP Number)
Burt Sugarman
150 El Camino Drive, Suite 303
Beverly Hills, California 90212
(310) 273-5678
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 3, 1996
(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 disclosures 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 4 Pages
<page-2>
CUSIP No. 374503100 13-D Page 2 of 4 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BURT SUGARMAN
I.R.S. ####-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
N/A
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED TO
ITEMS 2(d) or 2(e) [X]
(previously disclosed)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON:
7 SOLE VOTING POWER
2,988,672 shares (includes options to purchase
1,599,202 shares)
8 SHARED VOTING POWER
-0-
9 SOLE DISPOSITIVE POWER
2,988,672 shares (includes options to purchase
1,599,202 shares)
10 SHARE DISPOSITIVE POWER
-0-
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,988,672 shares (includes options to purchase
1,599,202 shares)
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
13 PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
52.9%
14 TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<page-3>
Reference is hereby made to that certain Schedule 13D, dated
January 13, 1982, as amended, filed by Burt Sugarman with respect
to the common stock, par value $0.01 per share (the "Common
Stock"), of GIANT GROUP, LTD., a Delaware corporation (the
"Company"), collectively referred to herein as the "Schedule."
Unless otherwise indicated, capitalized terms used herein have
the meanings ascribed to them in the Schedule. Unless otherwise
indicated herein, the information contained in the Schedule, as
amended to date, remains unchanged. The Schedule is hereby
amended as follows:
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule is hereby amended to read as follows:
On May 3, 1996 the Company repurchased 705,489 shares of
Common Stock from Fidelity National Financial, Inc. As of May 3,
1996, Mr. Sugarman beneficially owned 2,988,672 shares of Common
Stock, including 1,389,470 shares which are directly owned and
1,599,202 shares which are the subject of presently exercisable
options, constituting approximately 52.7% of the outstanding
shares (computed on the basis of 4,072,896 shares outstanding as
of May 3, 1996, after giving effect to the repurchase of shares
by the Company and the 1,599,202 shares subject to presently
exercisable options). Mr. Sugarman has sole voting and
dispositive power with respect to such shares. Such amount does
not include 20,500 shares of Common Stock owned by Mr. Sugarman's
wife or 2,000 shares of Common Stock held by Mr. Sugarman as
custodian for his minor child, as to which Mr. Sugarman disclaims
beneficial ownership.
<page-4>
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.
Dated: May 13, 1996
\s\ Burt Sugarman
---------------------
Burt Sugarman
