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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. 1)*
GENERAL COMMUNICATION, INC.
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(Name of Issuer)
CLASS A COMMON STOCK
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(Title of Class of Securities)
369385 10 9
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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. 369385 10 9 13G Page 2 of 8 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Chicago Investment Corporation 36-2727230
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5 SOLE VOTING POWER
67,597 shares; see Item 4 hereto for
additional information on this holding.
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6 SHARED VOTING POWER
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7 SOLE DISPOSITIVE POWER
67,597 shares; see Item 4 hereto for
additional information on this holding.
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8 SHARED DISPOSITIVE POWER
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
67,597 shares; see Item 4 hereto for additional information on
this holding.
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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
0.18%. See Item 4 hereto for additional information on this holding.
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 369385 10 9 13G Page 3 of 8 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Chicago Financial Corporation 36-2793711
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
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6 SHARED VOTING POWER
-0-
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7 SOLE DISPOSITIVE POWER
-0-
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8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None except indirectly through a wholly-owned subsidiary
described herein. See Item 4.
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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
-0-
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 369385 10 9 13G Page 4 of 8 Pages
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Chicago NBD Corporation 38-1984850
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
------------------------------------------------------------------------
6 SHARED VOTING POWER
-0-
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7 SOLE DISPOSITIVE POWER
-0-
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8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None except indirectly through one or more subsidiaries as
described herein. See Item 4 hereof.
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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
-0-
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
HC CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a). Name of Issuer:
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General Communication, Inc. (the "Company")
Item 1(b). Address of Issuer's Principal Executive Offices:
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2550 Denali Street
Suite 1000
Anchorage, Alaska 99503
Item 2(a). Name of Person Filing:
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First Chicago NBD Corporation ("FCN") is filing this statement on
behalf of itself and First Chicago Investment Corporation ("FCIC")
and First Chicago Financial Corporation ("FCFC"), subsidiaries of
FCN. The agreement of FCN, FCIC and FCFC to file joint disclosure
statements on Schedule 13G was filed previously.
Item 2(b). Address of Principal Business Office:
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For FCN , FCIC and FCFC:
One First National Plaza
Chicago, Illinois 60670
Item 2(c). Citizenship:
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FCN, FCIC and FCFC are corporations organized under the laws of
the State of Delaware.
Item 2(d). Title of Class of Securities:
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Class A Common Stock (the "Class A Common Stock")
Item 2(e). CUSIP Number
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369385 109
Item 3. Type of Person Filing:
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Not applicable.
Item 4. Ownership:
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(a)-(b)
FCIC holds 67,597 shares of Class A Common Stock which were
distributed to FCIC and certain other parties as of October 31, 1996
(the "Prime Company Shares"). The Prime Company Shares distributed
to FCIC were acquired for investment purposes only, and FCIC intends
to review continuously and monitor its investment in the Company.
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Certain recipients of the Prime Company Shares, including FCIC, (the
"Prime Sellers") entered into a voting agreement (the "New Voting
Agreement") with certain other shareholders of the Company with
respect to the voting of the Class A Common Stock and the Company's
Class B Common Stock, no par value (the "Class B Common Stock"),
owned by such parties. The Class B Common Stock owned by certain of
the parties is convertible on a share-per-share basis into Class A
Common Stock at any time at the option of the owner of the Class B
Common Stock. As a result of the Class B Common Stock's conversion
feature into Class A Common Stock, and as a result of the New Voting
Agreement, the parties to such agreement may have been deemed to be
the beneficial owner in the aggregate of more than five percent (5%)
of the outstanding Class A Common Stock. NOTWITHSTANDING THE
FOREGOING, FCN, FCIC AND FCFC (EACH, A "REPORTING PERSON") EXPRESSLY
DECLARE THAT THE FILING OF THIS SCHEDULE SHALL NOT BE CONSTRUED AS
AN ADMISSION THAT ANY SUCH REPORTING PERSON IS OR WAS FOR THE
PURPOSES OF SECTION 13(D) AND 13(G) OF THE SECURITIES EXCHANGE ACT
OF 1934, AS AMENDED (THE "ACT"), THE BENEFICIAL OWNER OF ANY
SECURITIES COVERED BY THIS SCHEDULE OTHER THAN THOSE SHARES OF CLASS
A COMMON STOCK IN WHICH SUCH REPORTING PERSON HAS A PECUNIARY
INTEREST. NO REPORTING PERSON HAS A PECUNIARY INTEREST IN SHARES OF
CLASS B COMMON STOCK.
As of December 5, 1997, the parties amended the New Voting Agreement
by allowing certain parties to the agreement, including FCIC, to
withdraw from the agreement. FCIC, therefore, is no longer a party
to any voting agreement with respect to its shares of Class A Common
Stock or with respect to the shares of Class A Common Stock or Class
B Common Stock of any other stockholder of the Company.
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The 67,597 shares held by FCIC represent 0.18% of the outstanding
Class A Common Stock. FCN and FCFC may be deemed to beneficially own
shares of Class A Common Stock solely through their direct or
indirect ownership of FCIC.
EACH REPORTING PERSON EXPRESSLY DECLARES THAT THE FILING OF THIS
STATEMENT SHALL NOT BE CONSTRUED AS AN ADMISSION THAT SUCH REPORTING
PERSON IS OR WAS FOR THE PURPOSES OF SECTION 13(D) OR 13(G) OF THE
ACT, THE BENEFICIAL OWNER OF ANY SECURITIES COVERED BY THIS STATEMENT
OTHER THAN THOSE SHARES OF CLASS A COMMON STOCK IN WHICH SUCH
REPORTING PERSON HAS A PECUNIARY INTEREST AS SET FORTH IN THIS ITEM
4. NO REPORTING PERSON HAS A PECUNIARY INTEREST IN SHARES OF CLASS B
COMMON STOCK OR IN ANY SHARES OF CLASS A COMMON STOCK OTHER THAN
THOSE DIRECTLY OWNED BY FCIC.
(c) See items 5 and 9 and item 11 on pages two, three and four
hereof.
Item 5. Ownership of Five Percent or Less of a Class:
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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 5 percent of the class of securities, check the
following (X).
Item 6. Ownership of More Than Five Percent on Behalf of Another Person:
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Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported On by the Parent Holding Company:
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Not applicable.
Item 8. Identification and Classification of Member of the Group:
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Not applicable.
Item 9. Notice of Dissolution of Group:
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Not applicable.
Item 10. Certification:
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Not applicable.
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Signature:
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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 10, 1998
FIRST CHICAGO NBD CORPORATION
/s/ M. Eileen Kennedy
By: _____________________________________
M. Eileen Kennedy
Senior Vice President and Treasurer
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