================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------
SCHEDULE 13G
-------------
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)
CYGNE DESIGNS, INC.
-------------------
(Name of Issuer)
COMMON STOCK $.01 PAR VALUE PER SHARE
---------------------------------------
(Title of Class of Securities)
232556100
------------------
(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 ("Exchange Act") or otherwise subject to the liabilities of that section of
the Exchange Act but shall be subject to all other provisions of the Exchange
Act (however, see the Notes).
================================================================================
Page 1 of 6 Pages
<PAGE>
CUSIP No. 232556100 13G PAGE 2 OF 6 PAGES
--------- --- ---
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bernard M. Manuel
- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -----------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
French citizen
- -----------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 1,266,215
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
161,339 shares
EACH ------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,266,215 shares
------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
161,339 shares
- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,427,554 shares
- -----------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES / /
CERTAIN SHARES*
- -----------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.5%
- -----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- -----------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 6 Pages
<PAGE>
Item 1(a) Name of Issuer:
Cygne Designs, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
1372 Broadway
New York, New York 10018
Item 2(a) Name of Person Filing:
See Item 1 of the cover page attached hereto
Item 2(b) Address of Principal Business Office, or
if none, Residence:
c/o Cygne Designs, Inc.
1372 Broadway
New York, New York 10018
Item 2(c) Citizenship:
See Item 4 of the cover page attached hereto
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01
Item 2(e) CUSIP Number:
232556100
Item 3 Not Applicable
Item 4 Ownership:
(a) Amount beneficially owned: See Item 9 of the cover page attached
hereto which includes (i) 1,147,215 shares owned directly by Mr.
Manuel; (ii) 161,339 shares owned by Mr. Manuel's spouse of which
Mr. Manuel disclaims beneficial ownership; (iii) 64,000 shares
owned by the Bernard M. Manuel Foundation for which Mr. Manuel is
the sole trustee, however, Mr. Manuel disclaims beneficial
ownership of such shares; and (iv) 55,000 shares issuable upon
the exercise of options which are presently exercisable. Does not
include 332,678 shares owned by the Bernard M. Manuel 1992
Irrevocable Trust for Children established for the benefit of his
children.
Page 3 of 6 Pages
<PAGE>
(b) Percent of Class: See Item 11 of the cover page attached hereto.
(c) (i) See item 5 of the cover page, which includes (i) 1,147,215
shares owned directly by Mr. Manuel, (ii) 55,000 shares
issuable upon the exercise of options which are presently
exercisable, and (iii) 64,000 shares owned by the Bernard M.
Manuel Foundation for which Mr. Manuel is the sole trustee,
however, Mr. Manuel disclaims beneficial ownership of such
shares.
(ii) See item 6 of the cover page which consists of 161,339
shares owned by Mr. Manuel's spouse, as to which Mr. Manuel
disclaims beneficial ownership.
(iii) See item 7 of the cover page which includes (i) 1,147,215
shares owned directly by Mr. Manuel, (ii) 55,000 shares
issuable upon the exercise of options which are presently
exercisable, and (iii) 64,000 shares owned by the Bernard M.
Manuel Foundation for which Mr. Manuel is the sole trustee,
however, Mr. Manuel disclaims beneficial ownership of such
shares.
(iv) See item 8 of the cover page which consists of 161,339
shares owned by Mr. Manuel's spouse, as to which Mr. Manuel
disclaims beneficial ownership.
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
Page 4 of 6 Pages
<PAGE>
Item 10 Certification:
Not applicable.
Page 5 of 6 Pages
<PAGE>
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, 1997
BERNARD M. MANUEL
/s/ BERNARD M. MANUEL
---------------------------------
Page 6 of 6 Pages
