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FORM 4 OMB APPROVAL
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[ ] Check this box if no longer OMB Number: 3235-0287
subject to Section 16. Form 4 Expires: December 31, 2001
or Form 5 obligations may Estimated average burden hours
continue. See Instruction 1(b) per response.......0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section
30(f) of the Investment Company Act of 1940
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(Print or Type Responses)
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Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol
Beattie, E. Scott French Fragrances, Inc. (FRAG)
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(Last) (First) (Middle) 3. IRS or Social 4. Statement for Month/Year
Security Number of
Reporting Person
(Voluntary) December 2000
c/o French Fragrances, Inc.
14100 N.W. 60 Avenue --------------------------------
------------------------------------------------ 5. If Amendment, Date of
(Street) Original (Month/Year)
Miami Lakes, FL 33014
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(City) (State) (Zip)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
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X Officer (give Other (specify
--- title below) --- below)
Chairman, President and Chief Executive Officer
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7. Individual or Joint/Group Filing
(Check Applicable Line)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
---
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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<S> <C> <C> <C> <C> <C> <C>
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) or 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ Month Indirect Owner-
Year) (Instr. 3 (I) ship
------------------------------------------ and 4) (Instr. 4) (Instr.
(A) or 4)
Code V Amount (D) Price
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Common Stock, $.01 par value 12/29/00 C 52,897 A $3.30/sh
Common Stock, $.01 par value 12/29/00 C 11,143 A $5.25/sh
Common Stock, $.01 par value 12/29/00 C 33,784 A $10.50/sh
Common Stock, $.01 par value 12/29/00 G 2,000 D N/A 210,459 D
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Common Stock, $.01 par value 64,201 I (1)
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
(Over) SEC 1474 (7-96)
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FORM 4 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<S> <C> <C> <C> <C> <C> <C>
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1. Title of 2. Conver- 3. Trans- 4. Transac- 5. Number of 6. Date 7. Title and Amount
Derivative sion action tion Code Deriv- Exercisable of Underlying
Security or Date (Instr. 8) ative and Expiration Securities
(Instr. 3) Exercise (Month/ Securities Date (Instr. 3 and 4)
Price Day/ Acquired (A) (Month/Day/
of Year) or Disposed of Year)
Deriv- (D) (Instr. 3, 4
ative and 5)
Security
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Date Expira- Amount
Exer- tion Title or
---------------------------- cisable Date Number
of Shares
Code V (A) (D)
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Stock Option (2) $5.25/sh 6/19/96 12/19/00 Common 50,000
Stock
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Stock Option (3) $6.50/sh 12/25/96 6/25/01 Common 92,500
Stock
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Stock Option (4) $7.00/sh 6/25/97 6/25/01 Common 7,500
Stock
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Stock Option (5) $4.75/sh 6/28/98 6/28/06 Common 125,000
Stock
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Stock Option (6) $9.38/sh 6/20/98 6/20/07 Common 7,500
Stock
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Stock Option (7) $12.50/sh 8/28/99 2/28/08 Common 400,000
Stock
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7.5% Convertible 7/22/96 6/30/06 Common 1,163
Debenture (10) $7.20/sh Stock
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Stock Option (11) $6.00/sh 9/03/99 3/03/09 Common 100,000
Stock
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Stock Option (12) $8.125/sh 3/06/01 3/06/05 Common 150,000
Stock
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Series B Convertible
Preferred Stock $3.30/sh 12/29/00 C 42,442 11/30/95 1/31/05 Common 42,442
(8) Stock
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Series C Convertible
Preferred Stock $5.25/sh 12/29/00 C 9,185 3/20/96 1/31/05 Common 9,185
(9) Stock
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Series B Convertible
Preferred Stock $3.30/sh 12/29/00 C 85 6/06/00 1/31/05 Common 85
(13) Stock
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Series C Convertible
Preferred Stock $5.25/sh 12/29/00 C 1,958 6/06/00 1/31/05 Common 1,958
(13) Stock
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<S> <C> <C> <C>
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8. Price 9. Number of 10.Owner- 11. Na-
of Derivative ship of ture
Deriv- Securities Derivative of
ative Beneficially Security: Indirect
Secur- Owned Direct Bene-
ity at End (D) or ficial
(Instr of Month (I) Indirect Owner-
5) (Instr. 4) (Instr. 4) ship (Instr. 4)
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50,000 D
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92,500 D
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7,500 D
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125,000 D
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7,500 D
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400,000 D
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66,667 D
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0 D
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0 D
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0 D
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0 D
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0 D
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Explanation of Responses:
(1) Beneficially owned by ESB Consultants, Inc. a corporation which, prior to September 1997, Mr. Beattie controlled.
Mr. Beattie disclaims beneficial ownership of these securities and this filing should not be construed as an
admission that Mr. Beattie is the beneficial owner of these shares.
(2) Option granted pursuant to Issuer's 1995 Stock Option Plan, exercisable in full six months from the date of the grant.
(3) Option granted pursuant to Issuer's 1995 Stock Option Plan, subject to shareholder approval which was obtained at the
Issuer's Annual Shareholders' Meeting on June 25, 1996, exercisable in three equal installments if and when the
Issuer's Common Stock next trades at $8.00, $11.00 and $15.00, respectively, but no earlier than December 1996.
(4) Option granted pursuant to Issuer's Non-Employee Director Stock Option Plan, exercisable in full on the one-year
anniversary of the date the Option was granted.
(5) Option is to purchase shares owned by a third party.
(6) Option granted pursuant to Issuer's 1995 Stock Option Plan, exercisable in full one year from the date of grant.
(7) Option granted pursuant to Issuer's 1995 Stock Option Plan, exercisable in full six months from the date of grant.
(8) Received in connection with a Merger in exchange for equivalent securities of privately held corporation.
(9) Received in connection with the purchase of 8% Secured Subordinated Debentures, Series II and for $.01 per share.
(10) Received in connection with an Exchange Offer in exchange for outstanding shares of Series A Preferred Stock and/or
12.5% Secured Subordinated Debentures.
(11) Option granted pursuant to Issuer's 1995 Stock Option Plan, exercisable as follows: 33,334 on 9/3/99; 33,333 on
3/3/2000; and 33,333 on 3/3/2001.
(12) Option granted pursuant to Issuer's 1995 Stock Option Plan, exercisable in three equal installments on 3/6/2001,
3/6/2002 and 3/6/2003.
(13) Received in connection with Bedford Capital Financial Corporation's Plan of Distribution.
** 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 not required to respond unless the form displays a currently
valid OMB Number.
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/s/ E. Scott Beattie January 9, 2001
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**Signature of Reporting Person Date
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SEC 1474 (8-96)
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