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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13D-1(b), (c), AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. )*
COMPUCREDIT CORPORATION
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(Name of Issuer)
COMMON STOCK, NO PAR VALUE PER SHARE
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(Title of Class of Securities)
204 78N 100
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(CUSIP Number)
DECEMBER 31, 1999
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(Date of Event Which Requires Filing of this Statement)
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 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).
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CUSIP No. 204 78N 100
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(1) Names of reporting persons
I.R.S. Identification No. of above persons (entities only)
RICHARD W. GILBERT
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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 OF AMERICA
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Number of Shares Beneficially Owned by Each Reporting Person With
(5) Sole Voting Power 2,971,600
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(6) Shared Voting Power 0
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(7) Sole Dispositive Power 2,971,600
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(8) Shared Dispositive Power 0
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(9) Aggregate amount beneficially owned by each reporting person 2,971,600
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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) 7.4
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(12) Type of reporting person IN
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ITEM 1.
(A) NAME OF ISSUER
CompuCredit Corporation
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
One Ravinia Drive, Suite 500
Atlanta, Georgia 30346
ITEM 2.
(A) NAME OF PERSON FILING
The name of the person filing this statement Richard
W. Gilbert.
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE
c/o CompuCredit Corporation
One Ravinia Drive, Suite 500
Atlanta, Georgia 30346
(C) CITIZENSHIP
Richard W. Gilbert is a citizen of the United States
of America.
(D) TITLE OF CLASS OF SECURITIES
Common Stock, no par value per share
(E) CUSIP NUMBER
204 78N 100
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2
(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
Not Applicable
ITEM 4. OWNERSHIP
(a) Amount beneficially owned as of December 31, 1999: 2,971,600
shares
(b) Percent of Class: 7.4
The above percentage is based upon the 40,051,392 shares of
common stock outstanding as of December 31, 1999.
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 2,971,600 shares
(ii) shared power to vote or to direct the vote: None
(iii) sole power to dispose or to direct the disposition of:
2,971,600 shares
(iv) shared power to dispose or to direct the disposition of:
None
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable
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 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. CERTIFICATIONS
Not Applicable
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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.
Dated: February 14, 2000
/s/ Richard W. Gilbert
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Richard W. Gilbert
