As filed with the Securities and Exchange Commission on February 19, 1998
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Toy Biz, Inc.
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(Name of Issuer)
Class A Common Stock
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(Title of Class of Securities)
892261108
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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
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.
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677028.3
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CUSIP No. 892261108 SCHEDULE 13G
- --------------------------------------------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Avi Arad
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
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2 5 SOLE VOTING POWER
0
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
6 SHARED VOTING POWER
4,150,000
7 SOLE DISPOSITIVE POWER
0
8 SHARED DISPOSITIVE POWER
4,150,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,150,000
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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)
15.0%
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12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 892261108 SCHEDULE 13G
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This Amendment No. 2 amends and supplements the Schedule 13G, and
Amendment No. 1 thereto, filed by Avi Arad on February 14, 1996 and February 14,
1997, respectively, with respect to beneficial ownership of shares of Class A
common stock, par value $.01 per share, of Toy Biz, Inc.
Item 1(a). Name of Issuer:
Toy Biz, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
685 Third Avenue
New York, New York 10017
Item 2(a). Name of Person Filing:
Avi Arad
Item 2(b). Address of Principal Business Office or, if none, Residence:
1698 Post Road East
Westport, Connecticut 06880
Item 2(c). Citizenship:
Israel
Item 2(d). Title of Class of Securities:
Class A Common Stock, par value $.01 per share
Item 2(e). CUSIP Number:
892261108
Item 3. Type of Reporting Person Filing Pursuant to Rule 13d-1(b) or
13d-2(b):
Not Applicable.
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CUSIP No. 892261108 SCHEDULE 13G
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Item 4. Ownership:
(a) Amount Beneficially Owned as of December 31, 1997:
4,150,000 shares of Class A Common Stock, par value
$.01 per share
(b) Percent of Class: 15.0%
(c) Number of shares as to which the Reporting Person
has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote:
4,150,000(1)
(iii) sole power to dispose or to direct the
disposition of: 0
(iv) shared power to dispose or to direct the
disposition of: 4,150,000(1)
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 Reporting 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.
- -------------------
(1) Shared pursuant to the Amended and Restated Proxy and Stock Option
Agreement, dated as of November 19, 1997, by and between Avi Arad and
certain secured creditors of Marvel Entertainment Group, Inc. and
certain of its direct and indirect subsidiaries, which is incorporated
herein by reference to Exhibit 10.2 to the Current Report on Form 8-K
filed by Toy Biz, Inc. with the Securities and Exchange Commission on
November 24, 1997.
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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.
Dated: February 13, 1998
/s/ Avi Arad
Avi Arad
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