UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
Golden Books Family Entertainment, Inc.
(formerly Western Publishing Group, Inc.)
---------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
---------------------------------------------------------------------
(Title of Class of Securities)
959263 10 4
-------------------------------------------------
(CUSIP Number)
*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
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).
SEC 1745 (12-91)
<PAGE>
13G
- --------------------- -----------------
CUSIP No. 959263 10 4 Page 2 of 5 Pages
- --------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard A. Bernstein
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[_]
(b)[_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 3,944,771
EACH --------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 2,301,000
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,643,771
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,944,771
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [_]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.7%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (12-91)
<PAGE>
13G
- --------------------- -----------------
CUSIP No. 959263 10 4 Page 3 of 5 Pages
- --------------------- -----------------
Item 1(a) Name of Issuer:
Golden Books Family Entertainment, Inc. (formerly Western
Publishing Group, Inc.)
Item 1(b) Address of Issuer's Principal Executive Offices:
850 Third Avenue
New York, New York 10022
Item 2(a) Name of Person Filing:
Richard A. Bernstein
Item 2(b) Address of Principal Business Office or, if none, Residence:
444 Madison Avenue
New York, New York 10022
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:
959263 10 4
Item 3 This statement is not filed pursuant to Rule 13d-1(b) or 13d-2(b)
Item 4(a) Amount Beneficially Owned
As of December 31, 1997: 3,944,771
Includes 400,000 shares of Common Stock owned by a trust for the
benefit of Mr. Bernstein dated March 16, 1978 (the "1978 Trust")
and 95,771 shares of Common Stock owned by The Richard A.
Bernstein Trust of 1986 (the "1986 Trust"). Includes 148,000
shares of Common Stock owned by The Richard A. and Amelia
Bernstein Foundation, Inc. (the "Foundation") as to which Mr.
Bernstein has shared voting and dispositive power. This amount
includes the shares transferred by Mr. Bernstein on December 30,
1997, as described below. Also includes 1,000,000 shares
transferred by Mr. Bernstein to the Amelia Bernstein 1996 Trust
(the "1996 Trust"), as described below.
On January 31, 1996, Mr. Bernstein, the 1978 Trust and the 1986
Trust granted irrevocable proxies to Golden Press Holding, L.L.C.
("GPH") with respect to 3,996,771 shares of Common Stock, giving
GPH the power to vote such shares, for as long as they are owned
by Mr. Bernstein or his affiliates, in such manner as GPH deems
proper (subject to certain limitations), for the term of such
irrevocable proxies. Mr. Bernstein, the 1978 Trust and the 1986
Trust have retained sole dispositive power with respect to these
shares. On May 7,
<PAGE>
13G
- --------------------- -----------------
CUSIP No. 959263 10 4 Page 4 of 5 Pages
- --------------------- -----------------
1996, Mr. Bernstein transferred 1,000,000 shares of Common Stock
to the 1996 Trust. On May 7, 1996, the 1996 Trust also granted an
irrevocable proxy to GPH. On December 30, 1997, Mr. Bernstein
transferred 40,000 shares of Common Stock to the Foundation.
Nothing herein shall be construed as an admission by Mr.
Bernstein that he is, for purposes of Section 13(d) or 13(g) of
the Securities Exchange Act of 1934, the beneficial owner of the
shares of Common Stock owned by the 1996 Trust or the Foundation.
Item 4(b) Percent of Class: 14.7%
Item 4(c) Number of share 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: 3,944,771
(iii)sole power to dispose or to direct the disposition of:
2,301,000
(iv) shared power to dispose or to direct the disposition of:
1,643,771
Item 5 Ownership of Five Percent or Less of a Class:
Inapplicable.
Item 6 Ownership of More than Five Percent on Behalf of Another Person.
Inapplicable.
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
Inapplicable.
Item 8 Identification and Classification of Members of the Group:
Inapplicable.
Item 9 Notice of Dissolution of Group:
Inapplicable.
Item 10 Certification:
Inapplicable.
<PAGE>
13G
- --------------------- -----------------
CUSIP No. 959263 10 4 Page 5 of 5 Pages
- --------------------- -----------------
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.
February 12, 1998
-----------------------------
(Date)
/s/ Richard A. Bernstein
-----------------------------
(Signature)
Richard A. Bernstein
-----------------------------
(Name)
