<PAGE> 1
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. 3 )
Rexall Sundown, Inc.
-----------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
-----------------------------------------
(Title of Class of Securities)
761648 10 4
-----------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement / /.
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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 11 Pages
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CUSIP NO. 761648 10 4 SCHEDULE 13G PAGE 2 OF 11 PAGES
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(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
CDD Partners, Ltd.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ X ]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
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(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 9,898,736 (See Item 4 below)
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
9,898,736 (See Item 4 below)
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,898,736 (See Item 4 below)
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
29.8%
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(12) TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 2 OF 11 PAGES
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CUSIP NO. 76168 10 4 SCHEDULE 13G PAGE 3 OF 11 PAGES
--------------------- ----- -----
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
CDD Management, Inc.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ X ]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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(5) SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 9,898,736 (See Item 4 below)
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 0
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
9,898,736 (See Item 4 below)
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,898,736 (See Item 4 below)
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
29.8%
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(12) TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 3 OF 11 PAGES
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CUSIP NO. 76168 16 4 SCHEDULE 13G PAGE 4 OF 11 PAGES
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(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Carl DeSantis
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ X ]
(B) [ ]
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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 6,912,896 (See 10 below) (See Item 4 below)
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 9,898,736 (See Item 4 below)
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH -0-
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
9,898,736 (See Item 4 below)
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,986,111 (See Item 4 below)
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ X ]
Excludes 6,912,896 shares owned by Sylvia DeSantis as to
which Carl DeSantis has sole voting power.
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
30.0%
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(12) TYPE OF REPORTING PERSON*
IN
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 4 OF 11 PAGES
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CUSIP NO. 76188104 SCHEDULE 13G PAGE 5 OF 11 PAGES
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(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Dean DeSantis
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ X ]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 9,898,736 (See Item 4 below)
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH -0-
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
9,898,736 (See Item 4 below)
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,995,901 (See Item 4 below)
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
30.0%
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON*
IN
---------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 5 OF 11 PAGES
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CUSIP NO. 76168104 SCHEDULE 13G PAGE 6 OF 11 PAGES
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(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Damon DeSantis
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ X ]
(B) [ ]
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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 -0-
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 9,898,736 (See (Item 4 below)
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH -0-
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
9,898,736 (See Item 4 below)
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,037,376 (See Item 4 Below)
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES* [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
30.2%
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(12) TYPE OF REPORTING PERSON*
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 6 OF 11 PAGES
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<PAGE> 7
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
ITEM 1.(a) NAME OF ISSUER
Rexall Sundown, Inc.
(b) ADDRESS OF ISSUERS'S PRINCIPLE EXECUTIVE OFFICES
851 Broken Sound Parkway, N.W.
Boca Raton, Florida 33487
ITEM 2.(a) NAME OF PERSON FILING; (B) ADDRESS OF PRINCIPLE BUSINESS
OFFICE, OR IF NONE, RESIDENCE; AND (C) CITIZENSHIP
CDD Partners, Ltd.
12770 Coit Road
No. 850
Dallas, Texas 75251
Limited partnership organized under the laws of Texas.
CDD Management, Inc.
12770 Coit Road
No. 850
Dallas, Texas 75251
Corporation organized under the laws of Texas.
Carl DeSantis
851 Broken Sound Parkway, N.W.
Boca Raton, Florida 33487
United States Citizen
Dean DeSantis
851 Broken Sound Parkway, N.W.
Boca Raton, Florida 33487
United States Citizen
7 of 11 pages
<PAGE> 8
Damon DeSantis
851 Broken Sound Parkway, N.W.
Boca Raton, Florida 33487
United States Citizen
(d) TITLE OF CLASS OF SECURITIES
Common Stock, par value $.01 per share.
(e) CUSIP NUMBER.
761648 10 4
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
13d-2(b), CHECK WHETHER THE PERSON IS A:
(a) [] Broker or Dealer registered under Section 15 of the Act
(b) [] Bank as defined in Section 3(a)(6) of the Act
(c) [] Insurance Company as defined in Section 3(a)(19) of the
Act
(d) [] Investment Company registered under Section 8 of the
Investment Company Act
(e) [] Investment Advisor registered under Section 203 of the
Investment Advisors Act of 1940
(f) [] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund
(g) [] Parent Holding Company, in accordance with Rule
13d-1(b)(ii)(G)
(h) [] Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
Item 4. OWNERSHIP
I. CDD Partners, Ltd.(1)
(a) Amount Beneficially Owned - 9,898,736 shares of Common Stock
(b) Percent of class - 29.8%
(c) Number of shares as to which CDD Partners, Ltd. has:
(i) sole power to vote or to direct the vote --0-
(ii) shared power to vote or to direct the vote - 9,898,736
(iii) sole power to dispose or to direct the disposition of
--0-
(iv) shared power to dispose or to direct the disposition of
-9,898,736
II. CDD Management, Inc.(1)
(a) Amount Beneficially Owned -9,898,736 shares of Common Stock.
(b) Percent of class -29.8%
8 of 11 pages
<PAGE> 9
(c) Number of shares as to which CDD Management, Inc. has:
(i) sole power to vote or to direct the vote - -0-
(ii) shared power to vote or to direct the vote - 9,898,736
(iii) sole power to dispose or to direct the disposition of
- -0-
(iv) shared power to dispose or to direct the disposition of
- 9,898,736
III. Carl DeSantis(1)
(a) Amount Beneficially Owned - 9,986,111 shares of Common
Stock(2) Excludes 6,912,896 shares owned by Sylvia DeSantis,
trustee of the Sylvia DeSantis Revocable Trust u/a dated
October 30, 1996. Sylvia DeSantis is Carl DeSantis's former
wife.
(b) Percent of class - 30.0%
(c) Number of shares as to which Carl DeSantis has:
(i) sole power to vote or to direct the vote - 6,912,896(3)
(ii) shared power to vote or to direct the vote - 9,898,736
(iii) sole power to dispose or to direct the disposition of
-0-
(iv) shared power to dispose or to direct the disposition
of - 9,898,736
IV. Dean DeSantis(1)
(a) Amount Beneficially Owned - 9,995,901 shares of Common Stock(4)
(b) Percent of class - 30.0%
(c) Number of shares as to which Dean DeSantis has:
(i) sole power to vote or to direct the vote - -0-
(ii) shared power to vote or to direct the vote - 9,898,736
(iii) sole power to dispose or to direct the disposition of
- -0-
(iv) shared power to dispose or to direct the disposition
of - 9,898,736
V. Damon DeSantis(1)
(a) Amount Beneficially Owned - 10,037,376 shares of Common Stock(4)
(b) Percent of class - 30.2%
(c) Number of shares as to which Damon DeSantis has:
(i) sole power to vote or to direct the vote - 31,750
(ii) shared power to vote or to direct the vote - 9,898,736
(iii) sole power to dispose or to direct the disposition of
- 31,750
(iv) shared power to dispose or to direct the disposition
of - 9,898,736
______________________________
(1) CDD Partners, Ltd., ("CDDP") is a Texas limited partnership
whose general partner is CDD Management, Inc., a Texas corporation ("CDDM") and
whose limited partners are Carl DeSantis, Dean DeSantis and Damon DeSantis.
The shareholders, officers and directors of CDDM are Carl DeSantis, Dean
DeSantis and Damon DeSantis. In June 1993, Carl DeSantis contributed 70,290
shares of common
Page 9 of 11 Pages
<PAGE> 10
stock, par value $.01 per share, of Rexall Sundown, Inc. ("Rexall") to CDDM and
6,958,734 shares to CDDP, Dean DeSantis contributed 30,150 shares to CDDM and
2,984,706 shares to CDDP and Damon DeSantis contributed 30,150 shares to CDDM
and 2,984,706 shares to CDDP. Such shares represented all shares of Common
Stock owned by Carl DeSantis, Dean DeSantis and Damon DeSantis. CDDM, in turn,
contributed all such shares of common stock to CDDP. Subsequent to June 1993,
CDDP distributed or loaned an aggregate of 872,500 shares of Common Stock to
Dean DeSantis, who sold such shares and an aggregate of 2,287,500 to Carl
DeSantis, who sold 2,257,500 of such shares and gifted 30,000 of such shares.
Carl, Dean and Damon DeSantis have shared beneficial ownership, including
shared voting and dispositive power with respect to all shares of Common Stock
contributed to CDDP.
(2)Includes 87,375 shares beneficially owned pursuant to currently
exercisable stock options.
(3)Sylvia DeSantis, trustee of the Sylvia DeSantis Revocable Trust u/a
dated October 30, 1996, granted Carl DeSantis an irrevocable proxy with respect
to 6,912,896 shares of Common Stock.
(4)Includes 95,625 shares beneficially owned pursuant to currently
exercisable stock options.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OR 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
CDD Partners, Ltd. is a Texas limited partnership whose general partner
is CDD Management, Inc., a Texas corporation, and whose limited
partners are Carl DeSantis, Dean DeSantis, and Damon DeSantis, each of
whom is a United States citizen. Each such entity and individual is a
member of the group.
Page 10 of 11 pages
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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.
Date: February 13, 1997
CDD Partners, Ltd.
By: CDD Management, Inc.
By: /s/ Carl DeSantis
-------------------------
Carl DeSantis, President
CDD Management, Inc.
By: /s/ Carl DeSantis
-------------------------
Carl DeSantis, President
/s/ Carl DeSantis
-------------------------
CARL DeSANTIS
/s/ Dean DeSantis
-------------------------
DEAN DeSANTIS
/s/ Damon DeSantis
-------------------------
DAMON DeSANTIS
11 of 11 pages
