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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. 2)/1/
FIRST COMMONWEALTH, INC.
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(Name of Issuer)
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<S> <C>
Common Stock, par value $.001, including associated preferred stock purchase rights
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(Title of Class of Securities)
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319983 10 2
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(CUSIP Number)
/1/ The remainder of this cover page shall be filed 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 on 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).
Page 1 of 5 pages
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CUSIP NO. 319983 10 2 13G Page 2 of 5 Pages
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David W. Mulligan
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
Not Applicable (b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
U.S. Citizen
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SOLE VOTING POWER
5
NUMBER OF 367,287 Shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
-0-
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 367,287 Shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
-0-
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
367,287
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
Not Applicable [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
10.1%
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TYPE OF REPORTING PERSON*
12
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 5 pages
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Item 1(a). Name of Issuer:
First Commonwealth, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
444 N. Wells St., Suite 600, Chicago, IL 60610
Item 2(a). Name of Person Filing:
David W. Mulligan
Item 2(b). Address of Principal Business Office or, if None, Residence:
444 N. Wells St., Suite 600, Chicago, IL 60610
Item 2(c). Citizenship:
U.S. Citizen
Item 2(d). Title of Class of Securities:
Common Stock, par value $.001, including preferred stock purchase
rights
Item 2(e). CUSIP Number:
319983 10 2
Item 3. NOT APPLICABLE
Item 4. Ownership.
(a) Amount beneficially owned:
367,287 Shares*
(b) Percent of class:
10.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote - 367,287
Shares*
(ii) Shared power to vote or direct the vote - None
(iii) Sole power to dispose or to direct the disposition
of - 367,287 Shares*
(iv) Shared power to dispose or to direct the disposition
of - None
* Includes 35,000 shares issuable upon the exercise of options
which are fully exercisable or exercisable within 60 days.
Page 3 of 5 pages
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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
Page 4 of 5 pages
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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.
February 12, 1998
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(Date)
/s/ David W. Mulligan
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(Signature)
David W. Mulligan
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(Name/Title)
Page 5 of 5 pages
