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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934*
Platinum Entertainment, Inc.
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(Name of Issuer)
Common Stock, par value $.001 per share
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(Title of Class of Securities)
727909-10-3
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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).
Page 1 of 7 pages
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CUSIP No. 727909-10-3 SCHEDULE 13G Page 2 of 7 Pages
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Steven D. Devick
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP* Not Applicable (b) / /
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES (5) SOLE VOTING POWER
BENEFICIALLY 450,839(a)
OWNED BY --------------------------------------------------
EACH REPORTING (6) SHARED VOTING POWER
PERSON WITH
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(7) SOLE DISPOSITIVE POWER
450,839(a)
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(8) SHARED DISPOSITIVE POWER
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
450,839(a)
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
No
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.4%
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(12) TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 7 pages
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(a) Includes 208,300 shares which Mr. Devick has the right to acquire
pursuant to the exercise of vested stock options held by Mr. Devick.
Page 3 of 7 pages
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Item 1(a). Name of Issuer:
Platinum Entertainment, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
2001 Butterfield Road
Downers Grove, Illinois 60515
Item 2(a). Name of Person Filing:
Steven D. Devick
Item 2(b). Address of Principal Business Office or, if None, Residence:
2001 Butterfield Road
Downers Grove, Illinois 60515
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
Common Stock, par value $.001 per share
Item 2(e). CUSIP Number:
727909-10-3
Item 3. Type of Person:
Not Applicable
Page 4 of 7 pages
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Item 4. Ownership:
(a) Amount Beneficially Owned:
450,839 (1)
(b) Percent of Class:
8.4% (1)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
450,839 (1)
(ii) Shared power to vote or to direct the
vote:
(iii) Sole power to dispose or to direct the
disposition of: 450,839 (1)
(iv) Shared power to dispose or to direct the
disposition of:
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(1) Includes 208,300 shares which Mr. Devick has the right to acquire
pursuant to the exercise of vested stock options held by Mr. Devick.
Page 5 of 7 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 6 of 7 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.
Date: February 13, 1997
/s/ STEVEN D. DEVICK
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Steven D. Devick
Page 7 of 7 pages
