FORM 3
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
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hours per response 0.5
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1. Name and Address of Reporting Person*
Ellenbogen Eric
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(Last) (First) (Middle)
c/o Golden Books Family Entertainment, Inc.
850 Third Avenue
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(Street)
New York NY 10022
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
8/20/96
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3. IRS or Social Security Number of Reporting Person (Voluntary)
(Voluntary)
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4. Issuer Name and Ticker of Trading Symbol
Golden Books Family Entertainment, Inc. (GBFE)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director
[ ] 10% Owner
[X] Officer (give title below)
[ ] Other (Specify below)
Executive Vice President of Golden Books Family
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Entertainment, Inc. and President of the Golden Books
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Entertainment Group division of Golden Books
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Publishing Company, Inc.
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by One Reporting Person
[ ] Form filed by More than One Reporting Person
<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
TABLE I--Non-Derivative Securities Beneficially Owned
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1. 2. 3. 4.
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Title of Amount of Ownership Nature of Indirect
Security Securities Form:Direct Beneficial
(Instr. 4) Beneficially (D) or Ownership
Owned Indirect (Instr.5)
(Instr. 4) (I)(Instr. 5)
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<S> <C> <C> <C>
Common Stock, 99055.824(1) D
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par value $.01
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per share
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</TABLE>
* If the Form is filed by more than one Reporting Person, see instruction
5(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Print or Type Response)
(Over)
SEC 1473 (7-96)
Page 1
<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
TABLE II--Derivative Securities Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
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1. 2. 3. 4. 5. 6.
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Title and
Amount of Ownership
Date Exer- Securities Form of
cisable and Underlying Deriv-
Expiration Derivative ative
Date (Month/ Security Conver- Security
Day/Year) (Instr. 4) sion or Direct
-------------- -------------- Exercise (D) or Nature of
Title of Date Amount Price of Indirect Indirect
Derivative Exer- Expir- or Num- Deri- (I) Beneficial
Security cis- ation ber of vative (Instr. Ownership
(Instr. 4) able Date Title Shares Security 5) (Instr. 5)
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<S> <C> <C> <C> <C> <C> <C> <C>
Option to (2) 08/ Common 500,000 $10.875 D
acquire 20/ Stock,
500,000 2003 par
shares of value
Common $.01
Stock, par per
value $.01 share
per share
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</TABLE>
Explanation of Responses:
(1) The Reporting Person has a contractual right to receive 10.98901% of the
901,408 shares of Common Stock held in an escrow account subject to depletion
for certain indemnification obligations.
(2) The Option will become exercisable as to (i) 100,000 shares of Common Stock
on August 20, 1997, (ii) an additional 100,000 shares of Common Stock on August
20, 1998, (iii) an additional 100,000 shares of Common Stock on August 20, 1999,
(iv) an additional 100,000 shares of Common Stock on August 20, 2000 and (v) the
remaining 100,000 shares of Common Stock on August 20, 2001.
/s/ Eric Ellenbogen 8/29/96
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** Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. 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.
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