UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Hollywood Entertainment Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- --------------------------------------------------------------------------------
(Title of Class of Securities)
436141-10-5
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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 5 pages
<PAGE>
SCHEDULE 13G
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CUSIP No. 436141-10-5 Page 2 of 5
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mark J. Wattles
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
3) SEC USE ONLY _____________________________________________________________
4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5) SOLE VOTING POWER
NUMBER OF 11,244,600
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SHARES
6) SHARED VOTING POWER
BENEFICIALLY
OWNED BY --------------------------------------------------
EACH 7) SOLE DISPOSITIVE POWER
REPORTING 11,244,600
--------------------------------------------------
PERSON
8) SHARED DISPOSITIVE POWER
WITH
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,244,600
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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)
30.5%
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12) TYPE OF REPORTING PERSON*
IN
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Page 2 of 5 pages
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Item 1. Issuer
(a) The name of the Issuer is Hollywood Entertainment Corporation.
(b) The Issuer's executive offices are located at 25600 SW Parkway Center
Drive, Wilsonville, Oregon 97070.
Item 2. Reporting Person and Security
(a) This Statement is filed by Mr. Mark J. Wattles, an individual.
(b) Mr. Wattles' business address is 25600 SW Parkway Center Drive,
Wilsonville, Oregon 97070.
(c) Mr. Wattles is a citizen of the United States of America.
(d) This Statement relates to shares of Common Stock of Hollywood
Entertainment Corporation.
(e) The CUSIP number assigned to the Common Stock of the Issuer is
436141-10-5.
Item 3. Filings Pursuant to Rule 13d-1(b) or 13d-2(b)
Not applicable.
Item 4. Ownership
(a) Under the rules and regulations of the Securities and Exchange
Commission, Mr. Wattles may be deemed to be the beneficial owner of a total of
11,244,600 shares of Issuer Common Stock. This amount includes 120,000 shares
subject to options that are currently exercisable or become exercisable within
60 days of December 31, 1997.
(b) Mr. Wattles' beneficial ownership of Issuer Common Stock represented
approximately 30.5% of the 36,786,396 issued and outstanding shares on December
31, 1997.
(c) Mr. Wattles has sole power to vote or direct the voting and to dispose
or to direct disposition of the outstanding shares that he beneficially owns.
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.
Page 3 of 5 pages
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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 11, 1998
-----------------------------------------
Date
/s/ MARK J. WATTLES
-----------------------------------------
Mark J. Wattles
Page 5 of 5 pages
