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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. __________)(1)
MARKS BROS. JEWELERS, INC.
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(Name of Issuer)
Common Stock, par value $.001, including associated preferred stock purchase
rights
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(Title of Class of Securities)
570698 10 0
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(CUSIP Number)
(1) 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).
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CUSIP NO. 570698 10 0 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
Hugh M. Patinkin
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
Not Applicable (b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
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5 SOLE VOTING POWER
425,604
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 276,982
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 425,604
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8 SHARED DISPOSITIVE POWER
276,982
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
702,586
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.1%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 5 pages
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ITEM 1(a). NAME OF ISSUER:
Marks Bros. Jewelers, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
155 N. Wacker Dr., Ste. 500, Chicago, IL 60606
ITEM 2(a). NAME OF PERSON FILING:
Hugh M. Patinkin
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
155 N. Wacker Dr., Ste. 500, Chicago, IL 60606
ITEM 2(c). CITIZENSHIP:
U.S. Citizen
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.001, including preferred stock purchase
rights
ITEM 2(e). CUSIP NUMBER:
570698 10 0
ITEM 3. NOT APPLICABLE
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
702,587 Shares*
(b) Percent of class:
7.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote - 425,604*
(ii) Shared power to vote or direct the vote - 276,982
(iii) Sole power to dispose or to direct the
disposition of - 425,604*
(iv) Shared power to dispose or to direct the
disposition of - 276,982
* Includes 19,537 shares issuable upon the exercise of options
which are fully exercisable or exercisable within 60 days.
Page 3 of 5 pages
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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.
NOT APPLICABLE
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
ITEM 10. CERTIFICATION.
NOT APPLICABLE
Page 4 of 5 pages
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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 3, 1997
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(Date)
Hugh M. Patinkin
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(Signature)
Hugh M. Patinkin/Chairman, President & CEO
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(Name/Title)
Page 5 of 5 pages
