FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
INITIAL STATEMENT OF |_____________________|
BENEFICIAL OWNERSHIP OF SECURITIES |OMB NUMBER: 3235-0104|
|EXPIRES: |
| SEPTEMBER 30, 1998 |
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE 0.5 |
Holding Company Act of 1935 |_____________________|
or Section 30(f) of the Investment
Company Act of 1940
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1. Name and Address of Reporting Person MAFCO HOLDINGS INC.
(Last) (First) (Middle)
35 East 62nd Street
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(Street)
New York New York 10021
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
December 18, 1997
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3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY)
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4. Issuer Name and Ticker or Trading Symbol
Panavision Inc. (PVI)
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5. RELATIONSHIP OF REPORTING PERSON(S) TO ISSUER (CHECK ALL APPLICABLE)
( ) DIRECTOR
(X ) 10% OWNER
( ) OFFICER (GIVE TITLE BELOW)
( ) OTHER (SPECIFY TITLE BELOW)
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6. IF AMENDMENT, DATE OF ORIGINAL (MONTH/DAY/YEAR)
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7. INDIVIDUAL OR JOINT/GROUP FILING (CHECK APPLICABLE LINE)
___FORM FILED BY ONE REPORTING PERSON
_x_FORM FILED BY MORE THAN ONE REPORTING PERSON
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TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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|1. TITLE OF SECURITY|2. AMOUNT OF |3. OWNERSHIP |4. NATURE OF INDIRECT |
| (INSTR. 4) | SECURITIES | FORM DIRECT| BENEFICIAL OWNERSHIP|
| | BENEFICIALLY| DIRECT (D) | (INSTR. 5) |
| | OWNED | OR INDIRECT| |
| | (INSTR. 4) | (I) (INSTR.| |
| | | 5) | |
|--------------------|---------------|--------------|-----------------------|
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TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security (Instr. 4)
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2. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
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3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
Title Amount of Number of Shares
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4. Conversion or Exercise Price of Derivative Security
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5. Ownership Form of Derivative Security: Direct(D) or Indirect(I)(Instr. 5)
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6. Nature of Indirect Beneficial Ownership (Instr. 5)
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EXPLANATION OF RESPONSES:
MAFCO HOLDINGS INC.
** SIGNATURE OF REPORTING PERSON
By: /s/ Joram C. Salig December 29, 1997
Name: Joram C. Salig DATE
Title: Vice President
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** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS.
SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A).
NOTE: FILE THREE COPIES OF THIS FORM, ONE OF WHICH MUST BE MANUALLY SIGNED.
IF SPACE PROVIDED IS INSUFFICIENT, SEE INSTRUCTION 6 FOR PROCEDURE
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOR REQUIRED TO RESPOND UNLESS THE FORM
DISPLAYS A CURRENTLY VALID OMB NUMBER.
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ATTACHMENT TO FORM 3
Name of designated filer: Mafco Holdings Inc.
Name of joint filer: PX Holding Corporation
Address of joint filer: 35 East 62nd Street
New York, New York 10021
Date of event requiring
filing: December 18, 1997
Issuer Name and
Ticker or Trading Symbol: Panavision Inc. (PVI)
PX HOLDING CORPORATION
By: /s/ Joram C. Salig December 29, 1997
Name: Joram C. Salig ------------------------
Title: Vice President Date
** Signature of Reporting Person
ATTACHMENT TO FORM 3
Name of designated filer: Mafco Holding Inc.
Name of joint filer: PX Merger Corporation
Address of joint filer: 35 East 62nd Street
New York, New York 10021
Date of event requiring
filing: December 18, 1997
Issuer Name and
Ticker or Trading Symbol: Panavision Inc. (PVI)
PX MERGER CORPORATION
By: /s/ Joram C. Salig December 29, 1997
Name: Joram C. Salig ---------------------
Title: Vice President Date
** Signature of Reporting Person
