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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. 10)*
ENERGY WEST
(formerly GREAT FALLS GAS COMPANY)
--------------------------------------
(Name of Issuer)
Common Stock - Par Value $0.15
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(Title of Class of Securities)
390 406 106
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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).
(continued on following page(s))
Page 1 of 6 Pages
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Page 2 of 6 Pages
SCHEDULE 13G
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CUSIP NO. 390 406 105
---------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ian B. Davidson
###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
5. SOLE VOTING POWER
NUMBER OF 534,465
SHARES
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 125,377.34 (see Exhibit A)
EACH
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 534,465
WITH
8. SHARED DISPOSITIVE POWER
125,377.34
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
659,842.34
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[__]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
27.54% based upon 2,395,091 shares outstanding as of December 31, 1997
(see Item 4)
12. TYPE OF REPORTING PERSON*
IN
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Page 3 of 6 Pages
SCHEDULE 13G
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CUSIP NO. 390 406 106
---------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
D. A. Davidson & Co. (the "Company")
81-0139474
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Incorporated in the State of Montana
5. SOLE VOTING POWER
NUMBER OF Short (738)
SHARES
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON Short (738)
WITH
8. SHARED DISPOSITIVE POWER
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Short (738) (see Item 4)
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[__]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0% based upon 2,395,091 shares outstanding as of December 31, 1997
(see Item 4)
12. TYPE OF REPORTING PERSON*
BD
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Page 4 of 6 Pages
ITEM 1(a). Name of Issuer
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Energy West (formerly Great Falls Gas Company)
ITEM 1(b). Address of Issuer's Principal Executive Offices
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#1 First Avenue South
Great Falls, MT 59401
ITEM 2(a). Name of Person Filing
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Ian B. Davidson
ITEM 2(b). Address of Principal Business Office
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8 Third Street North
P.O. Box 5015
Great Falls, MT 59403-5015
ITEM 2(c). Citizenship
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United States
ITEM 2(d). Title of Class of Securities
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Common Stock, $0.15 par value
ITEM 2(e) CUSIP Number
------------
390 406 106
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Page 5 of 6 Pages
ITEM 3. If this statement is filed pursuant to Rules 13d-1(b), or 13(d)-2(b),
check whether the person filing it 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
Advisers Act of 1940
(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 ss. 240.13d-
1(b)(ii)(G)
(h) [X] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(H)
ITEM 4. Ownership
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(a) Amount Beneficially Owned
659,842.34
(b) Percent of Class
27.54%
(c) Number of Shares as to Which Such Person Has:
(i) sole power to vote or to direct the vote
534,465
(ii) shared power to vote or to direct the vote 125,377
(see Exhibit A)
(iii) sole power to dispose or to direct the disposition of
534,465
(iv) shared power to dispose or to direct the disposition
of 125,377 (see Exhibit A)
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ITEM 5. Ownership of Five Percent or Less of a Class
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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
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the Security Being Reported on By the Parent Holding Company
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Not Applicable
ITEM 8. Identification and Classification of Members of the Group
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See Exhibit B -
Identification and classification of members of the Group
ITEM 9. Notice of Dissolution of Group
------------------------------
Not Applicable
State filed pursuant to Rule 13d-1(c)
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.
Date: February 13, 1998
/s/ Ian B. Davidson
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By: Ian B. Davidson
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D. A. DAVIDSON & CO.
/s/ Vincent M. Purpura
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By: Vincent M. Purpura
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Its: President
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EXHIBIT A
Ownership
Mr. Davidson and the Company pursuant to Rule 13d-3 of the Act are deemed the
beneficial owners of an aggregate of 659,842.3474 shares or approximately 27.54%
of the shares outstanding based on 2,395,091 shares stated by Energy West
(formerly Great Falls Gas Company) to be outstanding as of December 31, 1997.
Mr. Davidson, together with his wife, with whom he owns the shares as joint
tenant with rights of survivorship, owns directly and has the sole power to vote
and to dispose of 534,165 shares or 22.30% of the total shares outstanding. In
addition, Mr. Davidson's three adult children own shares each in their
individual capacity (Sydney Maxwell - 26,520, Lauren Descamps - 29,310, and
Andrew Davidson - 29,260) and his seven grandchildren have beneficial interests
in Trusts which collectively own a total of 38,287.3474 shares.
Mr. Davidson, by filing this amendment, does not admit that he is, for the
purposes of Section 13(d) or Section 13(g) of the Act, the beneficial owner of
the shares owned by the Company, his three adult children or the Trusts of his
grandchildren. The Company, by joining in the filing of this amendment does not
admit that it is, for purposes of Section 13(d) or Section 13(g) of the Act, the
beneficial owner of the shares owned by Ian B. Davidson or any shares owned by
individuals for whom Mr. Davidson may be deemed to be the beneficial owner.
The Company was short 738 shares as of December 31, 1997. Any ownership
position by the Company in the shares is solely as a result of its conduct in
the ordinary course of business as a marketmaker.
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EXHIBIT B
Members of the Group:
IAN B. DAVIDSON -- IN: Information previously stated with respect to Mr.
Davidson is hereby restated. Mr. Davidson is Chief Executive Officer, a
Director, and indirectly the largest shareholder of D. A. Davidson & Co.
D. A. DAVIDSON & CO. -- BD: D. A. Davidson & Co. is a Montana corporation
(the "Company") doing business as a registered broker/dealer with principal
offices at 8 Third Street North, Great Falls, Montana 59401. Information
relating to executive offices, directors, and persons who may be deemed to be
controlling persons of the Company is set forth below.
Name and Address
Ian B. Davidson
D. A. Davidson & Co.
8 Third Street North
Great Falls, MT 59401
Title: Chairman, Chief Executive Officer and Director
of D. A. Davidson & Co.
Vincent M. Purpura
D. A. Davidson & Co.
8 Third Street North
Great Falls, MT 59401
Title: President, Chief Operating Officer and Director
of D. A. Davidson & Co.
Kreg A. Jones
D. A. Davidson & Co.
8 Third Street North
Great Falls, MT 59401
Title: Vice President and Chief Operating Officer, Bond Department,
of D. A. Davidson & Co.
Stuart C. Nicholson
D. A. Davidson & Co.
8 Third Street North
Great Falls, MT 59401
Title: Senior Vice President, Operations, and Director
of D. A. Davidson & Co.
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L. Bruce Madsen
16 Prospect Drive
Great Falls, MT 59405
Title: Vice Chairman and Director of D. A. Davidson & Co.
Patrick Connors
D. A. Davidson & Co.
49 North Main
Butte, MT 59703
Title: Senior Vice President and Director of D. A. Davidson & Co.
Robert A. Braig
D. A. Davidson & Co.
200 First Avenue East
K-M Building
Kalispell, MT 59903
Title: Senior Vice President and Director of D. A. Davidson & Co.
Raymond E. Wooldridge
CEO Southwest Securities Inc.
1201 Elm Street
43rd Floor
Dallas, TX 75270
Title: Director of D. A. Davidson & Co.
All individuals listed above are United States citizens. None of these
individuals, except Mr. Davidson, owns securities of Energy West.
Neither Mr. Davidson nor the Company, by joining in the filing of this
amendment, admit that they constitute a group as defined by Section 13(d)(3) of
the Act. Mr. Davidson by filing this amendment does not admit that he is , for
purposes of Section 13(d) or Section 13(g) of the Act, the beneficial owner of
the shares reported herein as owned by the Company. The Company, by joining in
the filing of this amendment, does not admit that it is, for purposes of Section
13(d) of Section 13(g) of the Act, the beneficial owner of the shares owned by
Ian B. Davidson or any individuals for whom he may be deemed to be the
beneficial owner.
