SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. ) *
Amwest Insurance Group, Inc.
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(Name of issuer)
Common Stock, $.01 Par Value
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(Title of class of securities)
032345100
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(CUSIP number)
Mr. Phillip E. Huff, Vice President and Treasurer
6320 Canoga Avenue, Suite 300, Woodland Hills, CA 91367
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(Name, address and telephone number of person authorized to
receive notices and communications)
March 14, 1996
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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.
(Continued on following pages)
Page 1 of 4 Pages
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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 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 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. 032345100 13D Page 2 of 4 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Main Family Trust
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a)
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(b) X
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3 SEC USE ONLY
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4 SOURCE OF FUNDS *
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
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REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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7 SOLE VOTING POWER
None
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NUMBER OF 8 SHARED VOTING POWER
SHARES 493,566 shares
BENEFICIALLY
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OWNED BY 9 SOLE DISPOSITIVE POWER
EACH REPORTING None
PERSON WITH
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10 SHARED DISPOSITIVE POWER
493,566 shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
493,566 shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES *
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.8%
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14 TYPE OF REPORTING PERSON *
OO
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Item 1. Security and Issuer
This Schedule 13D relates to the shares of Common Stock, $.01 par
value (the "Shares"), of Amwest Insurance Group, Inc., a Delaware corporation
("Amwest"). The principal executive offices of Amwest are located at 6320 Canoga
Avenue, Suite 300, Woodland Hills, California 91367.
Item 2. Identity and Background
This Schedule 13D is being filed by the Main Family Trust ("MFT")
having its business address at 2361 Rosecrans Avenue, El Segundo, California
90245. Guy A. Main ("Main") and his wife are Co-Trustees of the MFT. Main is
employed as an Executive Vice President of Amwest.
Item 3. Source and Amount of Funds or Other Consideration
Main acquired a total of 489,305 Shares upon the consummation of
a merger between Amwest and Condor Services, Inc. ("Condor") on March 14, 1996
whereby each share of Condor common stock was exchanged for 0.5 shares of Amwest
common stock. Prior to the completion of the merger, Main beneficially owned 900
Shares. On October 5, 1996, Main acquired an additional 61 Shares pursuant to a
private purchase from a former Condor employee. On January 3, 1997, Main
acquired an additional 3,300 Shares pursuant to the exercise of stock options.
All 493,566 Shares detailed above have been transferred from Main are held by
the MFT of which Main and his wife serve as Co-Trustees thus sharing voting and
dispositive power.
Item 4. Purpose of Transaction
Main acquired 489,305 Shares pursuant to the consummation of the
merger coupled with the 900 Shares previously owned, 61 Shares pursuant to a
private purchase from a former Condor employee, 3,300 Shares pursuant to the
exercise of stock options. All 493,566 Shares detailed above have been
transferred into the MFT. None of the reasons enumerated in Item 4 of Schedule
13D are applicable to the acquisition of these shares.
Item 5. Interest in Securities of the Issuer
The MFT beneficially owns an aggregate of 493,566 Shares,
representing 14.8% of the outstanding shares as computed in accordance with SEC
Rule 13d-3(d)(1)(i). Main and his wife serve as Co-Trustees of the MFT. In his
capacity as Co-Trustee, Main has shared power to vote or to direct the vote of,
and shared power to dispose or to direct the disposition of, such Shares.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer
Main serves as Executive Vice President of Amwest. Main is a
party to a Senior Executive Severance Agreement with Amwest, pursuant to which
Main is entitled to certain compensation in the event his employment with Amwest
is terminated under certain conditions. Main is also a party to an indemnity
agreement with Amwest regarding Main's actions as an officer and director of
Amwest. Pursuant to the terms of his employment, Main from time to time may
receive options to purchase Shares.
Item 7. Material to be filed as Exhibits
None
Page 3 of 4 Pages
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.
Dated: February 10, 1997
/s/ GUY A. MAIN
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Guy A. Main, as Co-Trustee
for the Main Family Trust
Page 4 of 4 Pages
