<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. ____)*
Graff Pay-Per View, Inc.
_______________________________________________________________________________
(Name of Issuer)
Common Stock, Par Value $.01
_______________________________________________________________________________
(Title of Class of Securities)
384284 10 5
_______________________________________________________________________________
(CUSIP Number)
Terry Christensen, Esq.
Christensen, Miller, Fink, Jacobs, Glaser, Weil & Shapiro, LLP
2121 Avenue of the Stars, 18th Floor, Los Angeles, CA 90067 (310) 553-3000
_______________________________________________________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 31, 1995
_______________________________________________________________________________
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [X]. (A fee
is not required only if the reporting 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.)
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filed 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 on 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 pages(s))
1
<PAGE> 2
- ----------------------- --------------------------
CUSIP NO. 13D PAGE OF OF PAGES
---------- --- ---
- ----------------------- --------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Spector Revocable Family Trust dated March 21, 1984
Edward Spector, Co-Trustee, SS # ###-##-####
Ilene Spector, Co-Trustee, SS # ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF -----------------------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 666,000
EACH -----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
666,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
666,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.82%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
00
- --------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
2
<PAGE> 3
- --------------------------------------------------------------------------------
Item 1. Security and Issuer.
Common Stock, Par Value $.01, Graff Pay-Per View, Inc.,
536 Broadway, New York, NY 10012.
- --------------------------------------------------------------------------------
Item 2. Identity and Background.
Spector Revocable Family Trust dated March 21, 1984 (the "Trust"), is
a trust formed under the laws of the State of California, the
settlors and co-trustees of which are Edward M. Spector and Ilene
Spector. The address of the Trust is 6349 Palomar Oaks Court, Carlsbad,
CA 92009.
- --------------------------------------------------------------------------------
Item 3. Source and Amount of Funds or Other Consideration.
616,000 shares were acquired by the Trust on August 31, 1995 pursuant
to a merger agreement (the "Merger") among the Issuer, Edward Spector,
Spector Entertainment Group, Inc. ("SEG") and NEWCO SEG, Inc. in
exchange for shares of common stock of SEG. An additional 50,000 shares
of common stock of the issuer were acquired by the Trust on the open
market and reported on Form 4 on or about April 26, 1996.
- --------------------------------------------------------------------------------
Item 4. Purpose of Transaction.
The transaction involved a merger of companies in related businesses.
Upon consummation of the Merger, Edward Spector, a co-trustee of the
Trust, became a director of the issuer and ownership of the Shares was
reported pursuant to a filing on Form 3.
- --------------------------------------------------------------------------------
Item 5. Interest in Securities of the Issuer.
(a) Aggregate Number and Percentage of Class Beneficially Owned
by Each Person Identified in Item 2:
666,000 Shares 5.82%
(b) Sole/Shared Voting/Dispositive Power; Percentages of Ownership.
Voting and dispositive power of the Shares is vested in the
co-trustees, Edward and Ilene Spector - 5.82%.
(c) Describe any transaction in the class of securities reported
on that were effected during the past 60 days or since the
most recent filing on Schedule 13D by the persons named in
response to paragraph (a).
3
<PAGE> 4
None.
- --------------------------------------------------------------------------------
Item 6. Contracts, Arrangements, Understandings or Relationships
With Respect to Securities of the Issuer.
None.
- --------------------------------------------------------------------------------
Item 7. Exhibits
None.
- --------------------------------------------------------------------------------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true and correct.
Date: November 8, 1996
Signature: /s/ Ilene Spector
Name/Title: Ilene Spector, Co-Trustee
4
