UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Dickstein Mark
c/o Dickstein Partners Inc.
660 Madison Avenue, 16th Floor
New York, NY 10021
2. Issuer Name and Ticker or Trading Symbol
Marvel Enterprises, Inc. (MVL)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
April 1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X)(2) Director (X)(2) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
(X)(1) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
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Common Stock,$.01 par |4/01 | S | | 34,967(3) | D | $6.75 | 100,000 | D,I | (1)(4) |
value ("Common Stock") | /99 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
|4/01 | S | | 62,033(5) | D | $6.75 | | D | |
| /99 | | | | | | | | |
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|4/05 | S | | 8,587(5) | D | $6.78 | 100,000 | D,I | (1)(6) |
| /99 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
|4/05 | S | | 41,413(7) | D | $6.78 | | D | |
| /99 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
|4/06 | S | | 40,000(7) | D | $6.82 | | D | |
| /99 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
|4/07 | S | | 66,987(7) | D | $7.32 |1,309,629 | D,I | (1)(8) |
| /99 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
|4/07 | S | | 31,400(9) | D | $7.32 | | D | |
| /99 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
|4/08 | S | | 16,100(9) | D | $7.38 | 10,000 | D | |
| /99 | | | | | | | | |
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Page 1 of 8
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Explanation of Responses:
SIGNATURE OF REPORTING PERSON
/s/ Mark Dickstein
- --------------------------------------------
Mark Dickstein
5/10/99
- -------------
DATE
** 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.
Page 2 of 8
<PAGE>
Joint Filer Information
-----------------------
Name: Dickstein & Co., L.P.
Address: 660 Madison Avenue, 16th Floor
New York, New York 10021
Designated Filer: Mark Dickstein
Statement for
Month/Year: April 1999
Issuer & Ticker Symbol: Marvel Enterprises, Inc. (MVL)
Signature:
DICKSTEIN & CO., L.P.
By: Dickstein Partners, L.P., general partner
By: Dickstein Partners Inc., general partner
/s/ Alan S. Cooper 5/10/99
By: ---------------------- --------
Name: Alan S. Cooper Date
Title: Vice President
PAGE 3 of 8
<PAGE>
Joint Filer Information
-----------------------
Name: Dickstein Focus Fund L.P.
Address: 660 Madison Avenue, 16th Floor
New York, New York 10021
Designated Filer: Mark Dickstein
Statement for
Month/Year: April 1999
Issuer & Ticker Symbol: Marvel Enterprises, Inc. (MVL)
Signature:
DICKSTEIN FOCUS FUND L.P.
By: Dickstein Partners, L.P., general partner
By: Dickstein Partners Inc., general partner
/s/ Alan S. Cooper 5/10/99
By: ---------------------- --------
Name: Alan S. Cooper Date
Title: Vice President
PAGE 4 of 8
<PAGE>
Joint Filer Information
-----------------------
Name: Dickstein International Limited
Address: 129 Front Street
Hamilton HM 12, Bermuda
Designated Filer: Mark Dickstein
Statement for
Month/Year: April 1999
Issuer & Ticker Symbol: Marvel Enterprises, Inc. (MVL)
Signature:
DICKSTEIN INTERNATIONAL LIMITED
By: Dickstein Partners Inc., its advisor
/s/ Alan S. Cooper 5/10/99
By: ---------------------- --------
Name: Alan S. Cooper Date
Title: Vice President
PAGE 5 of 8
<PAGE>
Joint Filer Information
-----------------------
Name: Dickstein Partners, L.P.
Address: 660 Madison Avenue, 16th Floor
New York, New York 10021
Designated Filer: Mark Dickstein
Statement for
Month/Year: April 1999
Issuer & Ticker Symbol: Marvel Enterprises, Inc. (MVL)
Signature:
DICKSTEIN PARTNERS, L.P.
By: Dickstein Partners Inc., general partner
/s/ Alan S. Cooper 5/10/99
By: ---------------------- --------
Name: Alan S. Cooper Date
Title: Vice President
PAGE 6 of 8
<PAGE>
Joint Filer Information
-----------------------
Name: Dickstein Partners Inc.
Address: 660 Madison Avenue, 16th Floor
New York, New York 10021
Designated Filer: Mark Dickstein
Statement for
Month/Year: April 1999
Issuer & Ticker Symbol: Marvel Enterprises, Inc. (MVL)
Signature:
DICKSTEIN PARTNERS INC.
/s/ Alan S. Cooper 5/10/99
By: ---------------------- --------
Name: Alan S. Cooper Date
Title: Vice President
PAGE 7 of 8
<PAGE>
Name and address of Designated Filer: Mark Dickstein
C/o Dickstein Partners Inc.
660 Madison Avenue, 16th Floor
New York, New York 10021
Statement for Month/Year: April 1999
Issuer Name and Trading Ticket or Symbol: Marvel Enterprises, Inc. (MVL)
Explanation of Responses:
(1) Mark Dickstein ("Mr. Dickstein") is the president and sole shareholder of
Dickstein Partners Inc. ("DPI"). DPI is the general partner of Dickstein
Partners, L.P. ("DPLP"), and advisor to Dickstein International Limited
("DIL"). DPLP is the general partner of Dickstein & Co., L.P. ("DCO") and
Dickstein Focus Fund L.P. ("DFF", and together with DCO, DIL, DPLP, DPI and
Mr. Dickstein, the "Group Filers"). Pursuant to instruction 4(b)(v) to Form
4, Mr. Dickstein has been designated to file this Form 4 on behalf of the
Group Filers (the "Designated Filer").
(2) Mr. Dickstein is a member of the Board of Directors of the Issuer. Also,
the Group Filers may be deemed to be members of a group for purposes of
Section 13(d) of the Securities Exchange Act of 1934, as amended that holds
in excess of 10% of the outstanding of the outstanding shares of Common
Stock. Reference is made to the statement on Schedule 13D of the Group
Filers and others dated October 13, 1998, as amended in respect of the
Common Stock as it may be from time to time amended. By filing this
statement, each of the Group Filers, except for Mr. Dickstein, does not
concede that it is subject to Section 16(a) of the Securities Exchange Act
of 1934, as amended.
(3) Shares sold by DIL.
(4) Shares owned directly by DIL, which may be deemed to be owned indirectly by
Mr. Dickstein and DPI. Each of Mr. Dickstein and DPI disclaim beneficial
ownership of such shares, except to the extent of their respective
pecuniary interest.
(5) Shares sold by DFF.
(6) Shares owned directly by DFF, which may be deemed to be owned indirectly by
Mr. Dickstein, DPI and DPLP. Each of Mr. Dickstein, DPI and DPLP disclaim
ownership of such shares, except to the extent of their respective
pecuniary interest.
(7) Shares sold by DCO.
(8) Shares owned directly by DCO, which may be deemed to be owned indirectly by
Mr. Dickstein, DPI and DPLP. Each of Mr. Dickstein, DPI and DPLP disclaim
ownership of such shares, except to the extent of their respective
pecuniary interest.
(9) Shares sold by Mr. Dickstein.
Page 8 of 8
