SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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Schedule 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 7) *
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)
Check the following box if a fee is being paid with the 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.)
(Continued on following pages)
Page 1 of 5 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 13G Pa ge 2 of 5 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Richard H. Savage
###-##-####
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
140,962
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NUMBER OF 6 SHARED VOTING POWER
SHARES 766,525
BENEFICIALLY
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OWNED BY 7 SOLE DISPOSITIVE POWER
EACH REPORTING 140,962
PERSON WITH
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8 SHARED DISPOSITIVE POWER
766,525
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
907,487
shares
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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)
23.1%
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12 TYPE OF REPORTING PERSON *
IN
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Item 1. Name of Issuer:
Amwest Insurance Group, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
5230 Las Virgenes Road
Calabasas, California 91302
Item 2(a). Name of Person Filing:
Richard H. Savage
Item 2(b). Address of Principal Business Office:
5230 Las Virgenes Road
Calabasas, California 91302
Item 2(c). Citizenship or Place of Organization:
United States of America
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value
Item 2(e). CUSIP Number:
032345100
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b), check
whether the person filing is:
Not applicable
Item 4. Ownership:
(a) Amount Beneficially Owned:
907,487 shares
(b) Percent of Class:
23.1%
(c) Number of shares to which such person has:
(i) sole power to vote or to direct the vote: 140,962 shares
(ii) shared power to vote or to direct the vote: 766,525 shares
(iii) sole power to dispose or to direct the disposition of: 140,962 shares
(iv) shared power to dispose or to direct the disposition of : 766,525 shares
Page 3 of 5 Pages
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The information provided in this Item 4 is based on the
following:
Of the amount beneficially owned by the Reporting Person:
(1) 138,901 shares represent shares owned by Savage Family
Trust for which the Reporting Person serves as Trustee
having sole voting power over shares owned by such
trust; and
(2) 766,525 shares represent shares owned by Savage
Diversified, Inc., a California corporation, all the
voting stock of which is owned by Savage Family Trust.
The Reporting Person, as Trustee, has sole voting power
of shares owned by such trust; and
(3) 2,061 shares represent shares which may be acquired by
the Reporting Person within 60 days hereof.
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:
Included in the Reporting Person's aggregate amount of 907,487 shares
beneficially owned are:
(1) 138,901 shares owned by Savage Family Trust which
beneficially owns 3.5% of the Issuer's Common Stock; and
(2) 766,525 shares owned by Savage Diversified, Inc., a
California corporation, which owns 19.5% of the Issuer's
Common Stock. All the outstanding voting stock of Savage
Diversified, Inc., is owned by Savage Family Trust.
Item 7. Identification and Classification of a 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
Page 4 of 5 Pages
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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 4, 1999
/s/ RICHARD H. SAVAGE
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Richard H. Savage
Page 5 of 5 Pages
