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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
(RULE 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-
1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(AMENDMENT NO. 1) /1/
FIRST LANCASTER BANCSHARES, INC.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
32067S 10 1
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(CUSIP Number)
Tony A. Merida
208 Lexington Street
Lancaster, Kentucky 40444
(606) 792-3368
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 8, 2000
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the subject of
this Schedule 13D, and is filing this schedule because of Rule
13d-1(e), 13d-1(f) or 13d-1(g),check the following box. [ ]
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all
exhibits. See Rule 13d-7 for other parties to whom copies are
to be sent.
(Continued on following pages)
(Page 1 of 5 pages)
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/1/ 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 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 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).
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SCHEDULE 13D
CUSIP No. 32067S 10 1 Page 2 of 5 Pages
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Tony A. Merida
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCES OF FUNDS
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF 7. SOLE VOTING POWER 54,990*
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER 48,633*
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER 6,357
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 54,990*
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES [ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.43% **
14. TYPE OF REPORTING PERSON
IN
* The amount shown includes 14,382 shares which may be acquired
by Mr. Merida upon the exercise of options exercisable
within 60 days of the date hereof.
** Assumes all 14,382 shares subject to options exercisable
within 60 days have been exercised.
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Item 1. Security and Issuer.
The class of equity security to which this statement
relates is the common stock, par value $.01 per share (the
"Common Stock"), of First Lancaster Bancshares, Inc. (the
"Issuer"). The executive office of the Issuer is located at 208
Lexington Street, Lancaster, Kentucky 40444.
Item 2. Identity and Background.
(a) Name: Tony A. Merida
(b) Residence or Business Address: 208 Lexington Street,
Lancaster, Kentucky 40444
(c) Present Principal Occupation: Executive Vice
President of the Issuer.
(d) Criminal Proceeding Convictions: None
(e) Securities Laws Proceedings: None
(f) Citizenship: United States
Item 3. Source and Amount of Funds or Other Consideration.
Tony A. Merida (the "Reporting Person") purchased 13,500
shares of Common Stock with approximately $167,200 in personal
funds, and the Reporting Person received 15,000 shares of Common
Stock as a gift and 5,751 shares of Common Stock upon the
vesting of awards of restricted stock made to the Reporting
Person pursuant to the Issuer's Management Recognition Plan (the
"MRP"). The remaining shares consist of (i) 6,357 shares
allocated to the Reporting Person's account under the Issuer's
Employee Stock Ownership Plan (the "ESOP") and (ii) 14,382
shares that may be acquired upon the exercise of options
exercisable within 60 days of the date hereof.
Item 4. Purpose of Transaction.
The shares covered by this statement were acquired for
investment. Depending upon a continuing assessment and upon
future developments, the Reporting Person may determine, from
time to time or at any time, to purchase additional shares of
the Issuer for investment or to dispose of shares of the
Issuer's Common Stock. As Executive Vice President of the
Issuer, the reporting person regularly explores potential
actions and transactions which may be advantageous to the
Issuer, including possible mergers, acquisitions,
reorganizations or other material changes in the business,
corporate structure, management policies, governing instruments,
securities or regulatory or reporting obligations of the Issuer.
Except as noted above, the reporting person has no plans or
proposals which relate to or would result in:
(a) The acquisition by any person of additional securities of
the Issuer, or the disposition of securities of the
Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any
of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the
Issuer or any of its subsidiaries;
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(d) Any change in the present Board of Directors or management
of the Issuer, including any plans or proposals to change
the number or term of directors or to fill any existing
vacancies on the Issuer's Board of Directors;
(e) Any material change in the present capitalization or
dividend policy of the Issuer;
(f) Any other material change in the Issuer's business or
corporate structure;
(g) Changes in the Issuer's Certificate of Incorporation,
Bylaws or instruments corresponding thereto or other
actions which may impede the acquisition of control of the
Issuer by any person;
(h) Causing a class of securities of the Issuer to be delisted
from a national securities exchange or to cease to be
authorized to be quoted in an inter-dealer quotation system
of a registered national securities association;
(i) A class of equity securities of the Issuer becoming
eligible for termination of registration pursuant to
Section 12(g)(4) of the Securities Exchange Act of 1934; or
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
(a) As of the date of this Schedule 13D, the Reporting Person
beneficially owned 54,990 shares, or 6.43%, of the Issuer's
outstanding shares of Common Stock, assuming the Reporting
Person exercises all options to acquire shares of Common
Stock that are exercisable or will become exercisable
within 60 days.
(b) The Reporting Person has sole voting and dispositive power
with respect to the 28,500 shares purchased with personal
funds or received as a gift and the 5,751 shares received
pursuant to awards under the MRP. Furthermore, the
reporting person has sole voting power with respect to the
6,357 shares allocated to his account as a participant in
the ESOP and would have sole voting power with respect to
the 14,382 shares he has the right to acquire upon the
exercise of options.
(c) No other transactions in the Issuer's Common Stock were
effected by the Reporting Person during the past 60 days,
except that on March 21, 2000 the Reporting Person
received notification that 1,510.085 shares were allocated
to his account under the ESOP. On January 9, 2000,
the Reporting Person vested in 1,917 shares awarded under
the MRP and stock options to purchase an additional 4,794
shares.
(d) No other person is known to have the right to receive or
the power to direct the receipt of dividends from, or the
proceeds from the sale of, the shares held by the
Reporting Person.
(e) Not applicable.
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Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer.
There are no contracts, arrangements, understandings or
relationships between the Reporting Person or any other person
with respect to the Issuer's securities, including but not
limited to the transfer or voting of securities, finder's fees,
joint ventures, loan or option arrangements, puts or calls,
guarantees of profits, division of profits or loss, the giving
or withholding of proxies or otherwise.
Item 7. Material to be Filed as Exhibits.
None.
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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.
May 17, 2000
/s/ Tony A. Merida
___________________________
Tony A. Merida
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