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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
SunAmerica Inc.
------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
866 930 10 0
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(CUSIP Number)
Cindy Quane
1999 Avenue of the Stars
Suite 3170
Los Angeles, California 90067
(310) 843-3680
--------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notice and Communications)
June 7, 1996
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(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.)
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Schedule 13D
CUSIP No. 866 930 10 0
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1. Names of Reporting Persons S.S. or I.R.S. Identification No.
of above persons:
Cindy Quane, as Trustee for
The Eli and Edythe L. Broad 1980 Family Trust,
I.D.# 95-2736207 and
The Eli Broad 1983 Trust, I.D.# 95-6804217
2. Check Appropriate Box if a member of a group: (a) / /
(b) / /
3. SEC use only:
4. Source of funds: OO
5. Check box if disclosure of legal proceedings is required
pursuant to items 2(d) or 2(e): / /
6. Citizenship or place of organization: U.S.A.
7. Sole voting power: 3,230,662
8. Shared voting power: -0-
9. Sole dispositive power: 3,230,662
10. Shared dispositive power: -0-
11. Aggregate amount beneficially owned by each reporting
person:
3,230,662
Of these shares, 2,386,812 are held in the form of Common
Stock, and 843,750 are held in the form of Nontransferable
Class B Stock, which is convertible share for share at any
time into Common Stock ("Class B Stock").
12. Check box if the aggregate amount in Row (11) excludes
certain shares: / /
13. Percent of Class represented by amount in Row (11):
Common Stock (assuming conversion of Class B Stock to
Common Stock) 5.86%
Class B Stock 15.54%
14. Type of reporting person: IN
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SCHEDULE 13 D
SUNAMERICA INC.
This Schedule 13D is filed on behalf of Cindy Quane, as
Trustee, for The Eli and Edythe L. Broad 1980 Family Trust and The
Eli Broad 1983 Family Trust (the "Reporting Person"), relating to
the Common Stock ($1.00 par value) of SunAmerica Inc. in the
respects hereinafter set forth.
ITEM 1 - Security and Issuer
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Common Stock $1.00 par value of SunAmerica Inc., 1
SunAmerica Center, Los Angeles, California 90067-6022.
ITEM 2 - Identity and Background
-----------------------
(a) Name: Cindy Quane
(b) Business Address: 1999 Avenue of the Stars,
Suite 3170, Los Angeles, California 90067-
6022
(c) Principal Employment: Financial Advisor
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: U.S.A.
ITEM 3 - Source and Amount of Funds or Other Consideration
-------------------------------------------------
Under that certain Share Exchange Agreement dated as
of January 12, 1996 among SunAmerica Inc., hereinafter referred to
as the "Issuer", Stanford Ranch, Inc., a Delaware corporation, and
the shareholders of Stanford Ranch, Inc., a California corporation,
including The Eli and Edythe L. Broad 1980 Family Trust (the "1980
Trust"), the Issuer issued 2,862,500 shares of Common Stock, $1 par
value ("Common Stock") in exchange for all of the outstanding
shares of common stock of Stanford Ranch, Inc. (the "Share
Exchange").
Under the Share Exchange, the Reporting Person, on behalf of
the 1980 Trust, acquired 1,880,662 shares of Common Stock in
exchange for the Reporting Person's shares on Stanford Ranch, Inc.
ITEM 4 - Purpose of Transaction
----------------------
The Reporting Person may, subject to market and
other conditions, purchase additional shares of the Issuer, dispose
of
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some or all of his shares, or consider the possibility of any such
plan or proposal from time to time in amounts not yet determined.
The Reporting Person does not have any plans or proposals with
respect to the matters set forth in (a) through (j) of Item 4 of
Schedule 13D.
ITEM 5 - Interest in Securities of the Issuer
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(a) The Reporting Person, as Trustee to the 1980
Trust and The Eli Broad 1983 Family Trust
(the "1983 Trust"), beneficially owns an
aggregate of 3,230,662 shares of Common Stock
and Class B Stock, which is approximately
5.86% of the outstanding shares (based upon
55,087,397 shares of Common Stock outstanding
as of June 7, 1996, which amount assumes
conversion of Reporting Person's 843,750
Class B stock, which shares are convertible
at any time to Common Stock on a share for
share basis). Of the 3,230,662 shares,
2,386,912 are Common Stock of which 506,250
shares are registered in the name of the 1983
Trust, of which the Reporting Person as
Trustee has sole voting and dispositive
powers, and 1,880,662 shares are registered
in the name of the 1980 Trust, of which the
Reporting Person as Trustee has sole voting
and dispositive powers; and 843,750 are Class
B Stock registered in the name of the 1983
Trust, of which the Reporting Person as
Trustee has sole voting and dispositive
powers.
(b) Of the aggregate 3,230,662 shares of Common
Stock and Class B Stock, the Reporting Person
has sole voting and dispositive powers over
3,230,662 shares.
(c) Refer to Item 3 for description of the
Reporting Person's transaction in the
securities reported.
(d) Not applicable.
(e) Not applicable.
ITEM 6 - Contracts, Arrangements, Understandings and
Relationships with Respect to Securities of the
Issuer.
None.
ITEM 7 - Material to be Filed as Exhibits.
The Share Exchange Agreement among SunAmerica Inc.,
Stanford Ranch, Inc., a Delaware corporation and the shareholders
of Stanford Ranch, Inc., a California corporation, contained in the
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Notice of SunAmerica Inc. 1996 Annual Meeting of Shareholders and
Proxy Statement filed with the Securities and Exchange Commission
on January 16, 1996 is incorporated by referenced herein.
SIGNATURES
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.
/s/ Cindy Quane
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Cindy Quane, As Trustee for
The Eli and Edythe L. Broad
Family Trust and
The Eli Broad 1983 Family
Trust
Dated: July 25, 1996
