SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION REQUIRED TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(Amendment No. 1)
Peter Kiewit Sons', Inc.
(Name of Issuer)
Common Stock $0.01 Par Value
(Title of Classes of Securities)
N/A
(CUSIP Number)
Michael F. Norton, Esq.
Kiewit Plaza
Omaha, Nebraska 68131
Telephone Number: (402) 342-2052
(Name, Address, and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 15, 1999
(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 _____.
Note. Six copies of this statement, including exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 3 Pages)
CUSIP No. N/A 13D Page 2 of 3 Pages
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kenneth E. Stinson
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ____
(b) ____
3 SEC USE ONLY
4 SOURCE OF FUNDS*
OO
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) ____
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
NUMBER OF 7 SOLE VOTING POWER
SHARES 2,770,968
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 2,770,968
PERSON WITH 10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,770,968
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* _____
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.2%
14 TYPE OF REPORTING PERSON*
IN
CUSIP No. N/A 13D Page 3 of 3 Pages
Item 3. Source and Amount of Funds or Other Consideration.
In connection with a 4 for 1 stock split in the form of a
stock dividend of 3 shares of Common Stock for every 1
outstanding share of Common Stock, the Investor acquired an
additional 2,078,226 shares of Common Stock on January 15, 1999.
No consideration was payable for the shares of Common Stock
issued in connection with such stock dividend. On January 8,
1999, the Investor resold 10 shares of Non-Redeemable Series of
Common Stock to the Issuer.
Item 5. Interest in Securities of the Issuer.
The Investor is the beneficial owner of 2,770,968 shares of
Common Stock. This amount represents 8.2% of the Issuer's issued
and outstanding Common Stock. The Investor retains both voting
and investment power over such shares of Common Stock. The
Investor acquired the additional 2,078,226 shares of Common Stock
on January 15, 1999.
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.
January 19, 1999
----------------------------
(Date)
/s/ Kenneth E. Stinson
----------------------------
(Signature)
Kenneth E. Stinson
----------------------------
(Name)
