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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. 5)*
Electronic Clearing House Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
285562203
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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 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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*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.
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<PAGE>
CUSIP No. 13G Page 1 of 4 Pages
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael A. Rich
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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
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(5) SOLE VOTING POWER PERCENT OF CLASS
574,500 3.84%
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NUMBER OF SHARES (6) SHARED VOTING POWER PERCENT OF CLASS
BENEFICIALLY OWNED 287,500 1.92%
BY EACH ------------------------------------------------------
REPORTING PERSON (7) SOLE DISPOSITIVE POWER PERCENT OF CLASS
WITH 574,500 3.84%
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(8) SHARED DISPOSITIVE POWER PERCENT OF CLASS
287,500 1.92%
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
862,000
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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)
5.76%
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(12) TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
Page 2 of 4 Pages
Item 1. (a) Name of Issuer:
Electronic Clearing House Inc.
(b) Address of Issuer's Principal Executive Offices:
28001 Dorothy Drive
Agoura Hills, CA 91301-2697
Item 2. (a) Name of Person Filing:
Michael A. Rich
(b) Address of Principal Business Office:
3 Stag Court
Suffern, New York 10901
(c) Citizenship:
Michael A. Rich is a United States Citizen
(d) Title of Class of Securities:
Common stock
(e) CUSIP Number:
285562203
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not applicable.
<PAGE>
Page 3 of 4 Pages
Item 4. Ownership.
(a) Amount Beneficially Owned: Michael A. Rich beneficially owns
862,000 shares of the common stock of the issuer, which shares
are registered in the name of said reporting person and
certain members of his family as follows:
Number of Shares Percentage of Shares
Name of Common Stock of Common Stock
---- --------------- ---------------
Michael A. Rich 170,800 1.140%
Minette Rich (spouse of
reporting person) 94,600 0.632%
Michael A. Rich &
Minette Rich, as joint
tenants 8,000 0.053%
Michael A. Rich, IRA 384,100 2.564%
Michael A. Rich, SEP 19,600 0.131%
Minette Rich, IRA 73,500 0.491%
Elizabeth Rich (daughter of
reporting person) 20,800 0.139%
Eric Rich (son of reporting
person) 20,800 0.139%
Tracey Rich (daughter of
reporting person) 20,800 0.139%
Rich Family Partnership, L.L.C. 49,000 .327%
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Total 862,600 5.755%
(b) Percent of Class: Michael A. Rich beneficially owns 3.84% of
the issued and outstanding shares of the Common Stock of the
issuer.
(c) Number of Shares as to which such person has:
(i) Sole power to vote or to direct the vote:
574,500 shares of common stock.
(ii) Shared power to vote or to direct the vote:
287,500 shares of common stock.
(iii) Sole power to dispose or to direct the disposition of:
574,000 shares of commone stock.
(iv) Shared power to dispose or to direct the disposition of:
287,599 shares of common stock.
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 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.
<PAGE>
Page 4 of 4 Pages
Item 10. Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purpose of effect.
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.
Date: Janaury 22, 1998
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Signature: /s/ Michael A. Rich
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Name: Michael A. Rich
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