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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
FIRST CENTRAL FINANCIAL CORPORATION
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(NAME OF ISSUER)
Common Stock, $.10 par value per share
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(TITLE OF CLASS OF SECURITIES)
318908 10 0
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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).
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CUSIP NO.: 318908 10 0 13G PAGE 2 OF 7
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1. Name Of Reporting Person
S.S. or I.R.S. Identification No. Of Above Person
Simon Commercial Corporation 11-2474664
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2. Check The Appropriate Box If A Member Of A Group*
(a) |_|
N/A (b) |_|
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3. SEC Use Only
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4. Citizenship Or Place Of Organization
New York
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NUMBER OF SHARES BENEFICIALLY
OWNED BY EACH REPORTING PERSON WITH
5. Sole Voting Power
934,382
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6. Shared Voting Power
-0-
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7. Sole Dispositive Power
934,382
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8. Shared Dispositive Power
-0-
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9. Aggregate Amount Beneficially Owned By Each Reporting Person
934,382
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10. Check Box If The Aggregate Amount In Row 9 Excludes Certain Shares*
N/A |_|
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11. Percent Of Class Represented By Amount In Row 9
15.6%
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12. Type Of Reporting Person*
CO
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CUSIP NO.: 318908 10 0 13G PAGE 3 OF 7
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1. Name Of Reporting Person
S.S. or I.R.S. Identification No. Of Above Person
Martin J. Simon
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2. Check The Appropriate Box If A Member Of A Group*
(a) |_|
N/A (b) |_|
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3. SEC Use Only
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4. Citizenship Or Place Of Organization
United States
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NUMBER OF SHARES BENEFICIALLY
OWNED BY EACH REPORTING PERSON WITH
5. Sole Voting Power
1,222,371
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6. Shared Voting Power
-0-
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7. Sole Dispositive Power
1,222,371
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8. Shared Dispositive Power
-0-
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9. Aggregate Amount Beneficially Owned By Each Reporting Person
1,222,371
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10. Check Box If The Aggregate Amount In Row 9 Excludes Certain Shares*
N/A |_|
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11. Percent Of Class Represented By Amount In Row 9
19.44%
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12. Type Of Reporting Person*
IN
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CUSIP NO.: 318908 10 0 13G PAGE 4 OF 7
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ITEM 1(a). NAME OF ISSUER:
First Central Financial Corporation
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICE:
266 Merrick Road
Lynbrook, New York 11563
ITEM 2(a). NAME OF PERSON FILING:
Simon Commercial Corporation
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
266 Merrick Road
Lynbrook, New York 11563
ITEM 2(c). CITIZENSHIP:
New York
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $.10 par value per share.
ITEM 2(e). CUSIP NUMBER:
318908 10 0
ITEM 3. Not Applicable.
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned: 934,382
(b) Percent of Class: 15.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 934,382
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose of or to direct the disposition
of: 934,382
(iv) shared power to dispose or to direct the disposition
of: -0-
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.
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CUSIP NO.: 318908 10 0 13G PAGE 5 OF 7
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
ITEM 10. CERTIFICATION.
Not Applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information in this statement is true, complete and correct.
Dated: February 12, 1997
SIMON COMMERCIAL CORPORATION
By: /s/ Martin J. Simon
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Name: Martin J. Simon
Title: President
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CUSIP NO.: 318908 10 0 13G PAGE 6 OF 7
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ITEM 1(a). NAME OF ISSUER:
First Central Financial Corporation
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICE:
266 Merrick Road
Lynbrook, New York 11563
ITEM 2(a). NAME OF PERSON FILING:
Martin J. Simon
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
266 Merrick Road
Lynbrook, New York 11563
ITEM 2(c). CITIZENSHIP:
New York
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $.10 par value per share.
ITEM 2(e). CUSIP NUMBER:
318908 10 0
ITEM 3. Not Applicable.
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned: 1,222,371
(b) Percent of Class: 19.44%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 1,222,371
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose of or to direct the disposition of: 1,222,371
(iv) shared power to dispose or to direct the disposition of: -0-
Includes 934,382 shares owned by Simon Commercial
Corporation, 39,799.14 shares owned by Simon General Agency,
Inc., 26,100 shares owned by Simon Agency International,
Ltd. and 14,918.293 shares owned by Simon Life Agency, Inc.
which are beneficially owned by Mr. Simon. Also includes
37,500 shares issuable upon exercise of currently
exercisable stock options.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable.
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CUSIP NO.: 318908 10 0 13G PAGE 7 OF 7
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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.
ITEM 10. CERTIFICATION.
Not Applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information in this statement is true, complete and correct.
Dated: February 12, 1997
/s/ Martin J. Simon
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Martin J. Simon
