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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
QUINTILES TRANSNATIONAL CORP.
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
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(Title of Class of Securities)
748767-10-0
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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).
(Continued on following page(s))
Page 1 of 4 Pages.
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CUSIP No. 748767-10-0 13G Page 2 of 4 Pages
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<TABLE>
<S> <C>
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1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Dennis B. Gillings, Ph.D.
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
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3) SEC USE ONLY
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4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5) SOLE VOTING POWER
NUMBER OF 5,163,269*
SHARES -----------------------------------------------------------------------------
BENEFICIALLY 6) SHARED VOTING POWER
OWNED BY
EACH 384,022*
REPORTING -----------------------------------------------------------------------------
PERSON 7) SOLE DISPOSITIVE POWER
WITH
5,008,385*
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8) SHARED DISPOSITIVE POWER
1,638,906*
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9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,647,291*
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10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions)
[ ]
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11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.0%
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12) TYPE OF REPORTING PERSON (See Instructions)
IN
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* See Item 4 attached.
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CUSIP No. 748767-10-0 13G Page 3 of 4 Pages
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The Statement of Schedule 13G of Dennis B. Gillings, Ph.D. relating to
shares of Common Stock, $.01 par value per share, of Quintiles Transnational
Corp. is hereby amended and restated as set forth below.
ITEM 1.
(A) Name of Issuer
Quintiles Transnational Corp.
(B) Address of Issuer's Principal Executive Offices
4709 Creekstone Drive, Suite 200, Durham, North Carolina 27703
ITEM 2.
(A) Name of Person Filing
Dennis B. Gillings, Ph.D.
(B) Address of Principal Business Office or, if none, Residence
4709 Creekstone Drive, Suite 200, Durham, North Carolina 27703
(C) Citizenship:
United States
(D) Title of Class of Securities
Common stock, par value $0.01 per share
(E) CUSIP Number
748767-10-0
ITEM 3
Not applicable.
ITEM 4 Ownership
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<S> <C>
(a) Amount Beneficially Owned: 6,647,291(1)(2)
(b) Percent of Class: 9.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 5,163,269(1)
(ii) shared power to vote or to direct the vote: 384,022(2)
(iii) sole power to dispose or to direct the disposition of: 5,008,385(1)
(iv) shared power to dispose or to direct the disposition of: 1,638,906(2)
</TABLE>
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CUSIP No. 748767-10-0 13G Page 4 of 4 Pages
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(1) Includes 80,567 shares which Dr. Gillings has the right to
acquire within 60 days pursuant to the exercise of stock
options.
(2) Dr. Gillings disclaims beneficial ownership of 6,604 shares
held by his daughter and 197,418 shares held by his wife and
disclaims beneficial ownership of 180,000 shares held by the
Gillings Family Limited Partnership, and 1,100,000 shares held
by a Grantor Retained Annuity Trust, of which Dr. Gillings is
the settlor and beneficiary, except to the extent of his
interest therein.
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.
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 11, 1998
/s/ Dennis B. Gillings, Ph.D.
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Dennis B. Gillings, Ph.D.
