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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3 )*
Watson Pharmaceuticals, Inc.
(Name of Issuer)
Common Stock, par value $0.0033
(Title of Class of Securities)
942683103
(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 4 pages
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CUSIP No. 942683103 SCHEDULE 13G PAGE 2 OF 4 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Allen Chao
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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5 SOLE VOTING POWER
NUMBER OF 2,115,393
SHARES --------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH --------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH 2,115,393
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,115,393
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ X ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.7%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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ITEM 1 (A) Name of Issuer: Watson Pharmaceuticals, Inc.
ITEM 1 (B) Address of Issuer's Principal Executive Offices:
311 Bonnie Circle
Corona, California 91720
ITEM 2 (A) Name of Person Filing: Allen Chao
ITEM 2 (B) Address of Principal Business Office, or, if none, Residence:
Watson Pharmaceuticals, Inc.
311 Bonnie Circle
Corona, California 91720
ITEM 2 (C) Citizenship: U.S.A.
ITEM 2 (D) Title of Class of Securities: Common Stock, par value $0.0033
ITEM 2 (E) CUSIP Number: 942683103
ITEM 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is
a: not applicable
ITEM 4 Ownership:
The following information is provided as of December 31, 1996:
(a) Amount Beneficially Owned: 2,115,393 shares. Comprises
478,793 shares subject to options which are exercisable,
793,213 shares held by Allen Chao Interests, Ltd., a
partnership in which Mr. Chao is a controlling partner,
490,323 shares held by MAL Investment Company, a
corporation of which Mr. Chao is a controlling
shareholder and 353,064 shares held by Allen Chao and
Lee Hwa Chao Family Trust. This statement shall not be
construed as an admission that Mr. Chao is, for purposes
of Section 13(d) or 13(g) of the Act, the beneficial
owner of these securities.
(b) Percent of Class: 5.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 2,115,393
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition
of: 2,115,393
(iv) shared power to dispose or to direct the
disposition of: 0
Page 3 of 4 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
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 5, 1997
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Date
ALLEN CHAO
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Signature
Allen Chao, Chairman and CEO
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Name/Title
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
Page 4 of 4 pages
