FIRST SIERRA FINANCIAL INC
SC 13G/A, 1999-02-11
MISCELLANEOUS BUSINESS CREDIT INSTITUTION
Previous: FIRST SIERRA FINANCIAL INC, SC 13G/A, 1999-02-11
Next: ADVANCED COMMUNICATION SYSTEMS INC, SC 13G/A, 1999-02-11





                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G
                                (Amendment No. 1)


                    Under the Securities Exchange Act of 1934

                          FIRST SIERRA FINANCIAL, INC.
                                (Name of Issuer)

                     Common Stock, $0.01 par value per share
                         (Title of Class of Securities)

                                   335944 10 4
                                 (CUSIP Number)


         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)

* 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 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.       NAME OF REPORTING PERSON
         OREN M. HALL

         S.S. OR I.R.S. IDENTIFICATION NO.OF ABOVE PERSON
         ###-##-####
- --------------------------------------------------------------------------------

2.        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                 (a)       [  ]
                                                                 (b)       [  ]
- --------------------------------------------------------------------------------
3.       SEC USE ONLY


- --------------------------------------------------------------------------------
4.       CITIZENSHIP OR PLACE OF ORGANIZATION

         U.S.A.
- --------------------------------------------------------------------------------
              NUMBER OF                 5.       SOLE VOTING POWER

                SHARES                           450,000
                                                 -------

             BENEFICIALLY               6.       SHARED VOTING POWER

               OWNED BY                          -0-

                 EACH                   7.       SOLE DISPOSITIVE POWER

              REPORTING                          450,000
                                                 -------

                PERSON                  8.       SHARED DISPOSITIVE POWER

                 WITH                            -0-

- --------------------------------------------------------------------------------
9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         450,000
- --------------------------------------------------------------------------------
10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9
         EXCLUDES CERTAIN SHARES*                                          [  ]
- --------------------------------------------------------------------------------
11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

         3.16%
- --------------------------------------------------------------------------------
12.      TYPE OF REPORTING PERSON*

         IN 
- --------------------------------------------------------------------------------
Item 1(a)                  Name of Issuer:

                           First Sierra Financial, Inc.
- --------------------------------------------------------------------------------
Item 1(b)                  Address of Issuer's Principal Executive Offices:

                           600 Travis Street, Suite 7050
                           Houston, Texas 77002
- --------------------------------------------------------------------------------
Item 2(a)                  Name of Person Filing:

                           OREN M. HALL

- --------------------------------------------------------------------------------
Item 2(b)                  Address of Principal Business Office:

                           8930 Chatsworth
                           Houston, Texas 77024
- --------------------------------------------------------------------------------
Item 2 (c)                 Citizenship:

                           U.S.A.
- --------------------------------------------------------------------------------
Item 2(d)                  Title of Class of Securities:

                           Common Stock, $0.01 par value
- --------------------------------------------------------------------------------
Item 2 (e)                 CUSIP Number:

                           335944 10 4
- --------------------------------------------------------------------------------
Item 3                     If this  statement  is filed  pursuant to Rules  
                           13d-1(b), or 13d-2(b) or (c), check whether the
                           person filing is 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) [ ] An investment adviser in accordance with Rule
                               13d-1(b)(1)(ii)(D);

                           (f) [ ] An employee  benefit plan  endowment  fund in
                               accordance with Rule 13d-1(b)(1)(ii)(F);

                           (g) [ ] A parent holding company or control person in
                               accordance with Rule 13d-1(b)(ii)(G);

                           (h) [ ] A savings  association  as defined in Section
                               3(b) of the Federal Deposit Insurance Act;

                           (i) [ ] A  church  plan  that is  excluded  from  the
                               definition of an investment company under Section
                               3(c)(14) of the Investment Company Act;

                           (j) [   ]   Group,    in    accordance    with   Rule
                               13d-1(b)()(ii)(J).

                           If  this   statement   is  filed   pursuant  to  Rule
                               13d-1(c), check this box. [ ]

- --------------------------------------------------------------------------------
Item 4(a)       Amounts Beneficially Owned:

                           450,000
- --------------------------------------------------------------------------------
Item 4(b)                  Percent of Class:

                           3.16%

- --------------------------------------------------------------------------------
Item 4(c) Number of shares as to which such person has:

                           (i)  sole power to vote or to direct the vote:

                                        450,000

                           (ii) shared power to vote or to direct the vote:

                                        -0-

                           (iii) sole  power  to  dispose  or  to  direct  the
                                 disposition of:

                                        450,000

                           (iv)  shared  power  to  dispose  or  to  direct  the
                                 disposition of:

                                        -0-

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
                            following: [ X ]

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



          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.

          Dated: February 10, 1999

                                                              /s/ Oren M. Hall
                                                              ----------------
                                                              Oren M. Hall





Attention:  Intentional misstatements or omissions of fact constitute Federal 
criminal violations.  (See 18 U.S.C. 1001)



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission