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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Schedule 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO
FILED PURSUANT TO 13d-2(b)
(Amendment No. 1)
American Retirement Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
028913 10 1
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(CUSIP Number)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-(c)
[X] Rule 13d-1(d)
Page 1 of 5 Pages
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CUSIP NO. 028913 10 1 13G PAGE 2 OF 5 PAGES
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(1) NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Robert A. Frist
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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
United States
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(5) SOLE VOTING POWER
NUMBER OF 588,038
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 3,800
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 588,038
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(8) SHARED DISPOSITIVE POWER
3,800
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
591,838
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* (a) [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.5%
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(12) TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 5 Pages
Item 1(a). Name of Issuer: American Retirement Corporation
("ARC")
Item 1(b). Address of Issuer's 111 Westwood Place, Suite 402
Principal Executive Brentwood, Tennessee 37027
Offices:
Item 2(a). Name of Person Filing: Robert A. Frist ("Frist")
Item 2(b). Address of Principal 1326 Page Road
Business Office: Nashville, Tennessee 37205
Item 2(c). Organization/Citizenship: United States citizen
Item 2(d). Title of Class Common stock
of Securities: ("Common Stock")
Item 2(e). CUSIP Number: 028913 10 1
Item 3. Inapplicable.
Item 4. Ownership.
<TABLE>
<CAPTION>
Total Shares Shared
of ARC Common Percent Sole Shared Sole Power
Stock Beneficially of Voting Voting Power to to
Person Owned Class(1) Power Power Dispose Dispose
------ ------------------- ---------- ---------- -------- --------- --------
<S> <C> <C> <C> <C> <C> <C>
Frist 591,838 3.5% 588,038(2) 3,800(3) 588,038(2) 3,800(3)
</TABLE>
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(1) Based on 17,117,553 shares of Common Stock outstanding as of December
31, 1998.
(2) Includes 31,735 shares owned by Frist's wife, 4,166 of which she has
the right to acquire pursuant to the conversion provisions of ARC's
5 3/4% Convertible Subordinated Debentures Due 2002. Does not include
shares beneficially owned by Frist's children who are 18 years of age
or older.
(3) Includes 3,800 shares beneficially owned by a partnership of which
Frist is a general partner.
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Page 4 of 5 Pages
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ X ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Inapplicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
Inapplicable.
Item 8. Identification and Classification of Members of the Group.
Inapplicable.
Item 9. Notice of Dissolution of Group.
Inapplicable.
Item 10. Certification.
Inapplicable.
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Page 5 of 5 Pages
SIGNATURES
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.
Robert A. Frist
/s/ Robert A. Frist
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