U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section
30(f) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response................................................ 0.5
1. Name and Address of Reporting Person
Merrill Lynch, Pierce, Fenner & Smith Incorporated
--------------------------------------------------
(Last) (First) (Middle)
World Financial Center - North Tower - 250 Vesey Street
--------------------------------------------------------
(Street)
New York, NY 10281
-------------------------------------------------------
(City) (State) (Zip)
2. Date of Event Requiring Statement
(Month/Day/Year)
4/30/97
3. IRS or Social Security Number of Reporting Person (Voluntary)
#13-5674085
4. Issuer Name and Ticker or Trading Symbol
Ithaca Industries, Inc.
5. Relationship of Reporting to Issuer
(Check all applicable)
Director /x/ 10% Owner
Officer (give title below) Other (specify below)*
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group
Filing (Check Applicable Line)
- Form filed by One Reporting Person
- Form filed by More than One Reporting Person /X/
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)
Common Stock, $.01 par value
Common Stock, $.01 par value
2. Amount of Securities Beneficially Owned (Instr. 4)
1,252,080
1,252,080
3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)
D
I
4. Nature of Indirect Beneficial Ownership (Instr. 5)
*
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
(Print or Type Responses) SEC 1473(8-92)
Table II -- DERIVATIVE SECURITIES BENEFICIALLY OWNED (E.G., PUTS, CALLS,
WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
1. Title of Derivative Security (Instr. 4)
2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date Title
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
Title Amount or Number of Shares
4. Conversion or Exercise Price of Derivative Security
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership (Instr. 5)
Explanation of Responses:
* The Common Stock has been acquired by Merrill Lynch, Pierce, Fenner &
Smith Incorporated ("MLPF&S"), a direct, wholly-owned subsidiary of Merrill
Lynch & Co., Inc. ("ML&Co."), pursuant to an order of the United States
Bankruptcy Court for the District of Delaware, dated November 22, 1996,
confirming the Prepackaged Chapter 11 Plan of Reorganization of Ithaca
Industries, Inc. ("Ithaca") under Chapter 11 of the Bankruptcy Code (the
"Plan") in satisfaction of certain claims against Ithaca. The Plan became
effective December 16, 1996.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
April 29, 1997
/s/ Richard B. Alsop April 30, 1997
- -------------------- --------------
Richard B. Alsop Date
Attorney-In-Fact
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. SEC 1473(8-92)
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.
JOINT FILER INFORMATION
Name: Merrill Lynch & Co., Inc.
Address: World Financial Center - North Tower
250 Vesey Street
New York, New York 10281
Designated Filer: Merrill Lynch, Pierce, Fenner & Smith Incorporated
Issuer & Ticker Symbol: Ithaca Industries, Inc.
Date of Event
Requiring Statement: April 30, 1997
Signature: /s/ Richard B. Alsop
---------------------------------------
Richard B. Alsop*
Attorney-In-Fact
* Signed pursuant to a power of attorney, dated November 17, 1995, included
as Exhibit B to the Schedule 13G filed by Merrill Lynch & Co., Inc. for
Walden Residential Properties, Inc. and incorporated herein by reference.
