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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information to be Included in Statements Filed Pursuant to Rules 13d-1(b), (c)
and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2(b)
(Amendment No. 3)/1/
FIRST COMMONWEALTH, INC.
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(Name of Issuer)
Common Stock, par value $.001, including associated preferred stock
purchase rights
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(Title of Class of Securities)
319983 10 2
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(CUSIP Number)
December 31, 1998
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Date of Event Which Requests Filing of This Statement
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
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/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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13G
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CUSIP NO. 319983 10 2 Page 2 of 5 Pages
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NAMES OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
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
OWNED BY 0
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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
9.9%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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: 9.9% - Based on 3,684,525 shares outstanding
on December 31, 1998 and assuming the issuance of 35,000 shares
issuable upon the exercise of the option discussed below.
(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, 1999
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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
