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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
---------
GRANITE FINANCIAL, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
3874OH 10 7
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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 the
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 (however, see the
Notes).
Page 1 of 5 pages
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CUSIP No. 3874OH 10 7 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WILLIAM W. WEHNER
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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
UNITED STATES
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5 SOLE VOTING POWER
NUMBER OF
470,000
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 470,000
------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
470,000
PERSON ------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
470,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
470,000
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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
13.1%
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12 TYPE OF REPORTING PERSON*
IN
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Page 2 of 5 pages
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SCHEDULE 13G
Item 1
(a) NAME OF ISSUER:
GRANITE FINANCIAL, INC.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
6424 WEST 91ST AVENUE, WESTMINSTER, COLORADO 80030
Item 2
(a) NAME OF PERSON FILING:
WILLIAM W. WEHNER
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
6424 WEST 91ST AVENUE, WESTMINSTER, COLORADO 80030
(c) CITIZENSHIP:
UNITED STATES
(d) TITLE OF CLASS OF SECURITIES:
COMMON STOCK
(e) CUSIP NUMBER:
3874OH 10 7
Item 3 IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), CHECK WHETHER
THE PERSONS FILING ARE A:
(a) [] Broker or Dealer registered under Section 15 of the Act
(b) [] Bank as defined in section 3(a)(6) of the Act
(c) [] Insurance Company as defined in section 3(a)(19) of the Act
(d) [] Investment Company registered under section 8 of the Investment
Company Act
(e) [] Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f) [] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund
(g) [] Parent Holding Company, in accordance with 240.13d-1(b)(ii)(G)
(h) [] Group, in accordance with 240.13d-1(b)(1)(ii)(H)
Page 3 of 5 pages
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Item 4 OWNERSHIP:
(a) AMOUNT BENEFICIALLY OWNED:
470,000 shares
(b) PERCENT OF CLASS:
13.1%
(c) Number of Shares as to which such Person has:
(i) sole power to vote or to direct the vote
470,000 shares
(ii) shared power to vote or to direct the vote
470,000 shares
(iii) sole power to dispose or to direct the disposition of
470,000 shares
(iv) shared power to dispose or to direct the disposition of
470,000 shares
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the follwing [].
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 complete and true.
February 13, 1997
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Date
/s/ WILLIAM W. WEHNER
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WILLIAM W. WEHNER
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