UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
ARISTA INVESTORS CORP.
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(Name of Issuer)
Class A Common Stock
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(Title of Class of Securities)
040408106
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(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 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).
SEC 1745 (2/95)
Page 1 of 5 pages
<PAGE>
CUSIP No. 040408106 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stanley S. Mandel
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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SEC USE ONLY
3
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
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5 SOLE VOTING POWER
65,700
Number of ---------------------------------------------------------
Shares 6 SHARED VOTING POWER
Beneficially 39,700
Owned By ---------------------------------------------------------
Each 7 SOLE DISPOSITIVE POWER
Reporting 65,700
Person ---------------------------------------------------------
With 8 SHARED DISPOSITIVE POWER
39,700
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
105,400
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.1%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 5 pages
<PAGE>
CUSIP No. 040408106
This statement, dated December 31, 1996, constitutes Amendment No.2 to the
Schedule 13G, dated February 8, 1989, regarding the reporting person's ownership
of the Class A common stock of Arista Investors Corp., par value $0.01 per share
(the "Class A Common Stock").
The Schedule 13G is hereinafter referred to as the "Schedule." Al
capitalized terms used herein and otherwise undefined shall have the meanings
ascribed in the Schedule.
This Amendment No. 2 to the Schedule is filed in accordance with Rule
13d-2 of the Securities and Exchange Act of 1934, as amended, (the "Act"). The
entire text of the Schedule is restated in its entirety pursuant to Rule
13d-2(c) of the Act.
Item 1(a) Name of Issuer:
Arista Investors Corp.
Item 1(b) Address of Issuer's Principal Executive Offices:
116 John Street, New York, New York 10038
Item 2(a) Name of Person Filing:
Stanley S. Mandel
Item 2(b) Address of Principal Business Office, or, if none, Residence
116 John Street, New York, New York 10038
Item 2(c) Citizenship:
United States
Item2(d) Title of Class of Securities:
Class A Common Stock
Item 2(e) CUSIP Number:
040408106
Item 3. Not Applicable
Item 4. Not Applicable
Page 3 of 5 pages
<PAGE>
CUSIP No. 040408106
Item 5. Ownership of Five Percent or Less of a Class
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 than
five percent of the class of securities, check the following |X|.
Item 6. Not Applicable
Item 7. Not Applicable
Item 8. Not Applicable
Item 9. Not Applicable
Item 10. Not Applicable
Page 4 of 5 pages
<PAGE>
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 10, 1997
-----------------------------------
Date
/s/ Stanley S. Mandel
-----------------------------------
Signature
___________________________________
Name/Title
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission.
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
Page 5 of 5 pages
