ARK RESTAURANTS CORP
SC 13G/A, 1997-05-16
EATING PLACES
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

                                 (RULE 13d-102)

             INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (AMENDMENT NO. 5)*

                              ARK RESTAURANTS CORP.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   040712 101
                  --------------------------------------------
                                 (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).








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CUSIP NO. 302747 10 0                 13G                      PAGE 2 OF 5 PAGES
                                      ---



1.       Name Of Reporting Person

         S.S. or I.R.S. Identification No. Of Above Person

                  Michael Weinstein  ###-##-####
         -----------------------------------------------------------------------

2.       Check The Appropriate Box If A Member Of A Group*
                                                                         (a) [ ]
                  N/A                                                    (b) [ ]
         -----------------------------------------------------------------------

3.       Sec Use Only

         -----------------------------------------------------------------------

4.       Citizenship Or Place Of Organization

                  United States of America
         -----------------------------------------------------------------------

NUMBER OF SHARES BENEFICIALLY
OWNED BY EACH REPORTING PERSON WITH

         5.       Sole Voting Power

                                    975,988
         -----------------------------------------------------------------------

         6.       Shared Voting Power

                                    45,000
         -----------------------------------------------------------------------

         7.       Sole Dispositive Power

                                    975,988
         -----------------------------------------------------------------------

         8.       Shared Dispositive Power

                                    45,000
         -----------------------------------------------------------------------


 9.      Aggregate Amount Beneficially Owned By Each Reporting Person

                                    1,020,988
         -----------------------------------------------------------------------

10.      Check Box If The Aggregate Amount In Row 9 Excludes Certain Shares*
                                                                             [ ]
         -----------------------------------------------------------------------

11.      Percent Of Class Represented By Amount In Row 9

                                    26.7%
         -----------------------------------------------------------------------

12.      Type Of Reporting Person*

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


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!








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                                                               PAGE 3 OF 5 PAGES

                                  SCHEDULE 13G

Item 1(a).     Name of Issuer:
                       Ark Restaurants Corp.

Item 1(b).     Address of Issuer's Principal Executive Office:
                       85 Fifth Avenue
                       New York, New York 10003

Item 2(a).     Name of Person Filing:
                       Michael Weinstein

Item 2(b).     Address of Principal Business Office:
                       85 Fifth Avenue
                       New York, New York 10003

Item 2(c).     Citizenship:
                       United States of America

Item 2(d).     Title of Class of Securities:
                       Common Stock, par value $.01 per share.

Item 2(e).     CUSIP Number:
                       040712 101

Item 3.        Not Applicable.

Item 4.        Ownership.

               (a)  Amount beneficially owned:  1,020,988
               (b)  Percent of Class:  26.7%
               (c)  Number of shares as to which such person has:

                    (i)      sole power to vote or to direct the vote: 975,988
                    (ii)     shared power to vote or to direct the vote: 45,000
                    (iii)    sole power to dispose of or to direct the
                             disposition of: 975,988
                    (iv)     shared power to dispose or to direct the
                             disposition of: 45,000

Item 5.             Not Applicable.








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                                                               PAGE 4 OF 5 PAGES

 Item 6.      Ownership of More than Five Percent on Behalf of Another Person:

              Of the 45,000 shares as to which Mr. Weinstein has shared voting
              and disposition power, 33,000 shares are owned by The Weinstein
              Foundation, a private foundation for which Mr. Weinstein acts as
              co-trustee and which is entitled to receive dividends and the
              proceeds of sale with respect to such shares, and 12,000 shares
              are owned by his wife as custodian for his children under the
              Uniform Gifts to Minors Act. As custodian, Mr. Weinstein's wife is
              entitled to receive dividends and the proceeds of sale with
              respect to such shares.

Item 7.       Not Applicable.

Item 8.       Not Applicable.

Item 9.       Not Applicable.

Item 10.      Not Applicable.








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                                                               PAGE 5 OF 5 PAGES

                                    Signature

         After reasonable  inquiry and to the best of my knowledge and belief, I
certify that the information in this statement is true, complete and correct.

Dated:  May 16, 1997

                                                   /s/Michael Weinstein
                                                   -----------------------------
                                                   Michael Weinstein



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