<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Odyssey Pictures Corporation
- -------------------------------------------------------------------
(Name of Issuer)
Common Stock
- -------------------------------------------------------------------
(Title of Class of Securities)
676121 10 6
- -------------------------------------------------------------------
(CUSIP Number)
Howard J. Kerker, P.C.
600 Madison Avenue, 25th Floor
New York, New York 10022
212-758-0700
- -------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 6, 1996
- -------------------------------------------------------------------
(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 [ ]
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 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 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).
<PAGE>
SCHEDULE 13D
CUSIP NO. 676121 10 6
1) Name of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons.
Stephen R. Greenwald
- ----------------------------------------------------------------------------
2) Check the Appropriate Row if a Member of a Group:
a) [ ]
b) [ ]
- -------------------------------------------------------------------
3) SEC Use Only
- -------------------------------------------------------------------
4) Source of Funds
OO
- -------------------------------------------------------------------
5) Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
- -------------------------------------------------------------------
6) Citizenship or Place of Organization
United States Citizen
- -------------------------------------------------------------------
Number of 7) Sole Voting Power
Shares 495,231
Beneficially __________________________________________
Owned by 8) Shared Voting Power
Each -0-
Reporting Person __________________________________________
With 9) Sole Dispositive Power
495,231
__________________________________________
10) Shared Dispositive Power
-0-
- -------------------------------------------------------------------
11) Aggregate Amount Beneficially Owned by Reporting Person
495,231
- -------------------------------------------------------------------
12) Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares [ ]
- -------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row (11)
10.5%
- -------------------------------------------------------------------
14) Type of Reporting Person
IN
- -------------------------------------------------------------------
<PAGE>
Item 1. Security and Issuer.
Common Stock, par value $.01 per share, of Odyssey Pictures Corporation,
1875 Century Park East, Suite 2130, Los Angeles, California 90067.
Item 2. Identity and Background.
(a) Stephen R. Greenwald
(b) c/o Herbst & Greenwald, 380 Lexington Ave., New York, New York 10168
(c) Chief Executive Officer and C-Chairman of Odyssey Pictures
Corporation, 380 Lexington Avenue, New York, New York 10168.
(d) Not applicable.
(e) Not applicable.
(f) United States citizen.
Item 3. Source and Amount of Funds or Other Consideration.
No funds were used by the reporting person. Beneficial ownership of the
shares reflected in this report was acquired either as a result of (i) stock
options issued by the Board of Directors of the company in consideration of
services rendered to the company or loans made to the company, or (ii) the
conversion of deferred compensation notes into common stock of the company.
Item 4. Purpose of Transaction.
See response to Item 3 above.
Item 5. Interest in Securities of the Issuer.
(a) 495,231 shares beneficially owned (including presently exercisable
options to purchase 366,667 shares of common stock), representing 10.5% of
class.
(b) Reporting person has sole power to vote and dispose of the shares
referred to in (a); no other person shares voting or dispositive power with
respect to such shares.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
<PAGE>
Item 6. Contracts, Arrangements, Understandings or Relationships
With Respect to Securities of the Issuer.
Not Applicable
Item 7. Material to be Filed as Exhibits.
Not Applicable.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
hereby certify that the information set forth in this statement is true,
complete and correct.
July 28, 1997
----------------------------------
(Date)
/s/ Stephen R. Greenwald
----------------------------------
(Signature)
Stephen R. Greenwald
----------------------------------
(Name and Title)
