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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)<F*>
UNIFIED FINANCIAL SERVICES, INC.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
Not Applicable
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(CUSIP Number)
Dr. Gregory W. Kasten COPY TO: David F. Morris, Esq.
HEALTH FINANCIAL, INC. THOMPSON COBURN
2353 Alexandria Drive, Suite 100 One Mercantile Center
Lexington, Kentucky 40504 St. Louis, Missouri 63101
(606) 296-5678 (314) 552-6000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 8, 1998
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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 which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box / /.
Check the following box if a fee is being paid with the statement / /.
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are
to be sent.
<F*>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 ("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).
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SCHEDULE 13D
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CUSIP No. Not applicable 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
Dr. Gregory W. Kasten
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<F*> (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS<F*>
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
400,873.013
NUMBER OF SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY -0-
EACH --------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 400,873.013
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
400,873.013
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES<F*> / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
30.3%
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14 TYPE OF REPORTING PERSON<F*>
IN
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[FN]
<F*>SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1746 (9-88) 2 of 5
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CUSIP No. Not applicable Page 3 of 5 Pages
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ITEM 1. SECURITY AND ISSUER
This Amendment No. 1 to Schedule 13D relates to the Common Stock, par value
$.01 per share (the "Unified Common Stock"), of Unified Financial Services,
Inc., a Delaware corporation ("Unified"). The address of the principal
executive offices of Unified is 431 North Pennsylvania Street, Indianapolis,
Indiana 46204-1873.
ITEM 2. IDENTITY AND BACKGROUND
(a) Name: Dr. Gregory W. Kasten
(b) Residence address: 3320 Tates Creek Road, Lexington, Kentucky 40502.
(c) Present principal occupation and name, principal business and address
of any corporation or partnership in which such employment is
conducted:
President and Chief Executive Officer of Health Financial, Inc.
("Health Financial"), a Kentucky corporation, wholly owned subsidiary
of Unified and registered investment advisor, the principal business of
which is providing investment advisory services to trusts, retirement
plans, businesses and individuals located in Kentucky. The address of
the principal executive offices of Health Financial is 2353 Alexandria
Drive, Suite 100, Lexington, Kentucky 40504.
(d) Dr. Gregory W. Kasten has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) Dr. Gregory W. Kasten has not, during the last five years, been a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which he has been or is subject to any
judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
(f) Citizenship: United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On May 8, 1998, Dr. Gregory W. Kasten purchased 345 shares of the Series C
6.75% Convertible Preferred Stock, par value $.01 per share (the "Unified
Preferred Stock"), of Unified. The funds for such purchase, $34,500,
consists of personal funds of Dr. Kasten. Each share of Unified Preferred
Stock is convertible at the option of the holder thereof and for no
additional consideration into 135 shares of Unified Common Stock.
ITEM 4. PURPOSE OF TRANSACTION
Dr. Gregory W. Kasten purchased the securities to which this Amendment 1 to
Schedule 13D relates for investment purposes and not for the purpose of
obtaining or exercising some measure of control over Unified.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Dr. Gregory W. Kasten may be deemed to be the beneficial owner of
400,873.013 shares of Unified Common Stock, which includes 46,575
shares that could be received upon conversion of the Unified Preferred
Stock, representing 30.3% of the 1,276,100 shares of such class issued
and outstanding as of May 8, 1998.
(b) Dr. Gregory W. Kasten may be deemed to have sole voting and dispositive
power with respect to 400,873.013 shares of Unified Common Stock, which
includes 46,575 shares that could be received upon conversion of the
Unified Preferred Stock, representing 30.3% of the 1,276,100 shares of
such class issued and outstanding as of May 8, 1998.
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CUSIP No. Not applicable Page 4 of 5 Pages
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ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
Not Applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not Applicable.
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CUSIP No. Not applicable Page 5 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.
May 18, 1998 /s/ Dr. Gregory W. Kasten
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Date Signature
Dr. Gregory W. Kasten
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Name/Title
