SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
AMENDMENT NO. 3
Under the Securities Exchange Act of 1934
Authentic Fitness Corporation
(Name of Issuer)
Common Stock, $.001 par value per share
(Title of Class of Securities)
052661 10 5
(CUSIP Number)
Linda J. Wachner
Authentic Fitness Corporation
90 Park Avenue
New York, NY 10016
Telephone: (212) 370-8455
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 22, 1997
(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 statement because of Rule
d-1(b)(3) or (4), check the following box: [ ]
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CUSIP No. 052661 10 5
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1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Linda J. Wachner
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP.
(a) ( )
(b) ( )
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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7 SOLE VOTING POWER
3,836,462
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NUMBER OF 8 SHARED VOTING POWER
SHARES None
BENEFICIALLY ----------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 3,086,462
REPORTING ----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH None
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,836,462
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES ( )
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
15.7%
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14 TYPE OF REPORTING PERSON*
IN
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Linda J. Wachner hereby amends and supplements her Statement
on Schedule 13D, initially filed on February 20, 1996 (the
"Schedule 13D"), with respect to the common stock, par value
$.001 per share (the "Shares"), of Authentic Fitness Corporation,
a Delaware corporation (the "Company" or "Authentic Fitness").
Item 5. Interest in Securities of the Issuer.
The response set forth in Item 5 of the Schedule 13D is
hereby amended and supplemented by the following information:
(a) Mrs. Wachner beneficially owns an aggregate of
3,836,462 Shares which represents 15.7% of all Shares which
would have been issued and outstanding as of May 15, 1997 (based
on the Form 10-Q of the Company for the quarterly period ended
April 5, 1997), assuming the exercise of all Company employee
stock options held by Mrs. Wachner. The 3,836,462 Shares
beneficially owned by Mrs. Wachner include 2,050,000 Shares
purchasable upon the exercise of Company employee stock options
held by Mrs. Wachner and 750,000 Shares held by the Trust. Mrs.
Wachner is a Trustee of the Trust and Russell E. Brooks is the
Special Trustee of the Trust.
(c) On August 22, 1997, the Board of Directors of Authentic
Fitness granted Mrs. Wachner 500,000 Authentic Fitness stock
options. Such options have an exercise price of $14.75 per share
and are 100% vested. Except for the foregoing, Mrs. Wachner
engaged in no transactions in Shares during the past 60 days.
SIGNATURES
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.
Dated: August 27, 1997
By: /s/ Linda J. Wachner
_____________________________
Linda J. Wachner
