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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
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FIRST AMERICAN HEALTH CONCEPTS, INC.
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(Name of Issuer)
Common Stock, no Par Value
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(Title of Class of Securities)
31852M-10-5
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(CUSIP Number)
John W. Heidt, Alpha Capital Company, Inc.
1425 Leimert Boulevard, Suite 400, Oakland, California 94602
(415) 428-0300
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 15, 1989
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box / /.
Check the following box if a fee is being paid with the statement /X/. (A
fee is not required only if the reporting 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.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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 disclosures provided in a prior cover page.
The information required on 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 5 Pages
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CUSIP No. 31852M-10-5 13D Page 2 of 5 Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Alpha Capital Company, Inc.
94-2391618
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /X/
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(3) SEC Use Only
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(4) Source of Funds*
WC - $ 63,125
OO - $321,891
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
Not applicable
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(6) Citizenship or Place of Organization
California
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Number of Shares (7) Sole Voting Power
Beneficially Owned 20,000
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting Power
165,400
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(9) Sole Dispositive Power
185,400
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(10) Shared Dispositive Power
None
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
185,400
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
Not applicable
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(13) Percent of Class Represented by Amount in Row (11)
6.9%
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(14) Type of Reporting Person*
CO, IA
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1. Security and Issuer.
This statement relates to the common stock (no Par Value) of:
First American Health Concepts, Inc.
1811 South Alma School Road, Suite 285,
Mesa, Arizona, 85202
Item 2. Identity and Background.
The name and address of the entity filing this statement is:
Alpha Capital Company, Inc.
1425 Leimert Boulevard, Suite 400
Oakland, California 94602
Alpha Capital Company, Inc. ("Alpha") is a California corporation
providing investment advice to individual and institutional investors.
The officers and directors of Alpha are:
Robert J. Delsol - President and Director
Calvin E. Wong - Executive Vice President, Secretary and Director
John W. Heidt - Vice President and Director
All of the above officers and directors are United States citizens those
business address is 1425 Leimert Boulevard, Suite 400, Oakland, California
94602. During the past five years, neither Alpha nor any of the above
individuals has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction as a result of
which any such person was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
Page 3 of 5 Pages
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Item 3. Source and Amount of Funds or Other Consideration.
Alpha Capital Company is the legal owner of 20,000 shares of First
American Health Concepts, Inc. ("First American") common stock, for which the
cost basis is $63,125. Such purchases have been made from Alpha's working
capital.
In addition, Alpha is the investment advisor to selected individual and
institutional investors who have acquired an additional 165,400 shares of
First American common stock. These acquisitions, for which the cost basis
aggregates $321,891, have been made for the accounts of Alpha's clients with
monies provided by such clients. Alpha's position as investment advisor to
these investor-clients results in Alpha's beneficial ownership (as defined by
the Securities Exchange Act of 1934) of 6.9 percent of the outstanding common
stock of First American.
Item 4. Purpose of Transaction.
Alpha and its investor-clients have purchased First American common
stock as an investment. Alpha has no plans at present to change the nature of
the operations, business, capitalization or corporate structure of First
American. While Alpha has no such plans at present, Alpha may, at a later
date, decide to acquire additional shares of First American in open market
transactions or sell its entire beneficial ownership in First American to a
third party.
Item 5. Interest in Securities of the Issuer.
Alpha Capital Company beneficially owns 185,400 shares of First American
common stock, or approximately 6.9 percent of such common stock outstanding.
The power to vote these common shares are held jointly by Alpha and its
investor-clients. The power to dispose of these common shares is held solely
by Alpha.
During the past sixty days, Alpha and its investor-clients have
purchased First American common stock in the open market and through a
private transaction. Such purchases were made at prices ranging from $1 5/8 to
$2 1/4.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Nothing to report.
Page 4 of 5 Pages
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Item 7. Material to be Filed as Exhibits.
Nothing to report.
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: September 21, 1989
Alpha Capital Company, Inc.
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John W. Heidt
Vice President
Page 5 of 5 Pages
