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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
AIRGAS, INC.
______________________________________________
(Name of Issuer)
COMMON STOCK
______________________________________________
(Title of Class of Securities)
009363 10 2
__________________________
(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 of 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).
(Continued on following page(s))
Page 1 of 5 pages
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CUSIP No. 009363 10 2 13G Page
2 of 5 pages
___________
__ __
_________________________________________________________________
_____________
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peter McCausland
_________________________________________________________________
_____________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [
]
(b) [
X ]
_________________________________________________________________
_____________
3. SEC USE ONLY
_________________________________________________________________
_____________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_________________________________________________________________
_____________
5. SOLE VOTING POWER
3,485,841
___________________________________________________________
NUMBER OF 6. SHARED VOTING POWER
SHARES
BENEFICIALLY 1,207,406
OWNED BY
___________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 3,485,841
WITH
___________________________________________________________
8. SHARED DISPOSITIVE POWER
1,207,406
_________________________________________________________________
_____________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,693,247
_________________________________________________________________
_____________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
[ ]
_________________________________________________________________
_____________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.1%
_________________________________________________________________
_____________
12. TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
_____________
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CUSIP No. 009363 10 2 13G Page
3 of 5 pages
___________
__ __
_________________________________________________________________
_____________
Item 1(a) Name of Issuer
______________
Airgas, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices
_______________________________________________
Airgas, Inc.
Five Radnor Corporate Center, Suite 550
100 Matsonford Road
Radnor, Pennsylvania 19087
Item 2(a) Name of Person Filing
_____________________
Peter McCausland
Item 2(b) Address of Principal Business Office, or, if none,
Residence
____________________________________________________________
Airgas, Inc.
Five Radnor Corporate Center
Suite 550
100 Matsonford Road
Radnor, Pennsylvania 19087
Item 2(c) Citizenship
___________
United States
Item 2(d) Title of Class of Securities
____________________________
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number
___________
009363 10 2
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Item 3 Not Applicable
Item 4 Ownership
_________
(a) and (b) Peter McCausland beneficially owned an aggregate
of 4,693,247
shares of the issuer's Common Stock, or approximately 14.1% of the
shares
outstanding as of December 31, 1995, of which 401,000 shares were
issuable
upon exercise of employee stock options and 60,040 were issuable
upon exercise
of Common Stock Purchase Warrants.
(c) Peter McCausland had sole power to vote or to direct the
vote, and
sole power to dispose or to direct the disposition of, 3,485,841
shares of the
issuer's Common Stock, of which 401,000 shares were issuable upon
exercise of
employee stock options. Mr. McCausland had shared power to vote or
to direct
the vote, and/or shared power to dispose or to direct the
disposition of,
1,207,406 shares of the Common Stock, which included 45,279 shares
held by
a charitable foundation (the "Foundation") of which Mr. McCausland
is an
officer and director, 60,040 shares which are issuable upon
exercise of Common
Stock Purchase Warrants and 15,831 shares which are held under the
issuer's
401(k)plan.
Item 5 Ownership of Five Percent or Less of a Class
____________________________________________
Not applicable
Item 6 Ownership of More than Five Percent on Behalf of Another
Person
_______________________________________________________________
No other person is known to have the right to receive or the
power to
direct the receipt of dividends from, or the proceeds from the sale
of, the
issuer's shares which are the subject of this Amendment to Schedule
13G,
except that with respect to 1,184,278 shares members of Mr.
McCausland's
family share with Mr. McCausland the right, and with respect to
45,279 shares
the Foundation has the exclusive right, to receive the dividends
from and the
proceeds of sale.
Item 7 Identification and Classification of the Subsidiary Which
Acquired
the Security Being Reported on By the Parent Holding
Company
___________________________________________________________________
Not Applicable
Item 8 Identification and Classification of Members of the Group
_________________________________________________________
Not Applicable
Item 9 Notice of Dissolution of Group
______________________________
Not Applicable
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Item 10 Certification
_____________
Not Applicable
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, 1996
__________________________________
Date
/s/Peter McCausland
__________________________________
Signature
Peter McCausland, Chairman and CEO
__________________________________
Name/Title
