UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO__________)*
STEINER LEISURE LTD
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(Name of Issuer)
COMMON
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(Title of Class of Securities)
P8744Y 10 2
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(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>
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Cusip No. P8744Y 10 2 13 G Page 2 of 6 pages
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1. NAME OF REPORTING PERSON
S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
WHRS Investment Management, Inc.
59-1380865
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
n/a (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 5. SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
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EACH 7. SOLE DISPOSITIVE POWER
REPORTING 485,425
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PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
486,425
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10. CHECK BOX IS THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
n/a
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.7 %
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12. TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTION BEFORE FILLING OUT1
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Because of the public nature of the information, the Commission can utilize it
for a variety of purposes, including referral to other governmental authorities
or securities self-regulatory organizations for investigatory purposes or in
connection with litigation involving the Federal Securities laws or other civil,
criminal or regulatory statutes or provisions. Social Security or IRS
identification numbers, if furnished, will assist the commission in identifying
security holders and therefore in promptly processing statements of beneficial
ownership of securities.
Failure to disclose the information requested by this schedule, except for
Social Security or IRS identification numbers, may result in civil or criminal
action against the persons involved for violation of the Federal securities laws
and rules promulgated thereunder.
GENERAL INSTRUCTIONS
A. Statements containing the information required by this schedule shall be
filed not later than February 14 following the calendar year covered by the
statement or within the time specified in Rule 13d-1(b)(2), if applicable.
B. Information contained in a form which is required to be filed by rules under
section 13(f) (15 USC 78M(f) for the same calendar year as that covered by a
statement on this schedule may be incorporated by reference in response to any
of the items of this schedule. If such information is incorporated by reference
in this schedule, copies of the relevant pages of such form shall be filed as an
exhibit to this schedule.
C. The item numbers and captions of the items shall be included but the text of
the items is to be omitted. The answers to the items shall be so prepared as to
indicate clearly the coverage of the items without referring to the text of the
items. Answer every item. If an item is inapplicable or the answer is in the
negative, so state.
ITEM 1.
a. Name of Issuer Steiner Leisure LTD
b. Address of Issuer's's Principal Executive Offices Suite 104-A
Saffery Square
P.O. Box N-9306
Nassau, Bahamas
Item 2.
a. Name of Person filing WHRS Investment
Management, Inc.
b. Address of Principal Business Office or , if none, Residence
4440 PGA Blvd. #308
Palm Beach Gardens, FL 33410
c. Citizenship USA
d. Title of Class of Securities Common
e. Cusip Number P8744Y 10 2
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULe 13-d (1)(b), OR 13d-2(b),
check whether the person filing is a:
a. Broker or Dealer registered under Section 15 of the Act
b. Bank as defined in section 3(a)(6) of the Act
c. insurance Company as defined in Section 3(a)(19) of the act
d. Investment Company registered under section 8 of the
Investment company Act.
e. [X] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
f. Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirements Income Security Act of
1974 or Endowment Fund: see 240.13d-1(b)(I)(ii)(F)
g. Parent Holding Company, in accordance with 240.13d-1(B)(ii)(G)
(Note: See item 7)
h. Group, in accordance with 240.13d-1(b)(1)(ii)(H)
ITEM 4 OWNERSHIP
If the percent of the class owned as of December 3l, of the year covered by the
statement, or as of the last day of any month described in Rule 13d-1(b)(2). if
applicable, exceeds five percent, provide the following information as of that
date and identify those shares which there is a right to acquire.
a. Amount Beneficially owned 486,425
b. Percent of Class 6.7 %
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c. Number os shares as to which such person has:
(i) sole power to vote or to direct the vote 0
(ii) shared power to vote or to direct the vote 0
(iii) sole power to dispose or to direct the disposition of 486,425
(iv) shared power to dispose or to direct the disposition of 0
INSTRUCTION: For computations regarding securities which represent a right to
acquire an underlying security see Rule 13d-3(d)(1)
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS n/a
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more that
five percent of the class of securities, check the following
ITEM 6. OWNERSHIP OF MORE THAT FIVE PERCENT OF BEHALF OF ANOTHER PERSON. n/a
If any other person is known to have the right to receive or the power to
direct the receipt of dividends from , the proceeds from the sale of , such
securities, a statement to that effect should be included in response to this
item, and if such interest relates to more that five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment funds is not required.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITIES BEING REPORTED ON BY THE PARENT HOLDING COMPANY n/a
If a parent holding company has filed this schedule, pursuant to Rule 13d-
1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the
identity and the Item 3 classification of the relevant subsidiary. If a parent
holding company has filed this schedule pursuant to Rule 13d-1(c), attach an
exhibit stating the identification of the relevant subsidiary.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP n/a
If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(H), so
indicate under Item 3(h) and attach an exhibit stating the identity and Item 3
classification of each member of the group. If a group has filed this schedule
pursuant to Rule 13d-1(c) attach an exhibit sating the identity of each member
of the group.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP n/a
Notice of dissolution of a group may be furnished as an exhibit stating the
date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. See item 5
ITEM 10. CERTIFICATION
The following certification shall be included if the statement is filed
pursuant to Rule 13d-1(b):
by signing below I certify that to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of changing
or influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transaction having such
purposes or effect.
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.
January 13, 1997
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DATE
/s/ RICHARD C. SUNSHINE, President
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Signature
Richard C. Sunshine, President
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Name/Title
