UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Nauert, Peter W.
27 Riderwood
North Barrington, IL 60010
USA
2. Issuer Name and Ticker or Trading Symbol
Pioneer Financial Services, Inc.
PFS
3. IRS or Social Security Number of Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
12/96
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chairman and CEO
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |12/12/|M | |115,000 |A |5.50 |1,358,698 |D |Self |
|96 | | | | | | | | |
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Common Stock |12/30/|M | |45,000 |A |15.25 |1,403,698 |D |Self |
|96 | | | | | | | | |
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Common Stock |1/8/97|S | |145,000 |D |24.875 |1,258,698 |D |Self |
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Common Stock | | | | | | |50,000 |I |Trust |
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Common Stock | | | | | | |2,000 |I |Wife |
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Common Stock | | | | | | |25,000 |I |In Trust - Daughter |
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Common Stock | | | | | | |50,000 |I |In Trust - Sons |
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Common Stock | | | | | | |4,000 |I |By Self as Trustee- Daughte|
| | | | | | | | |r |
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Common Stock | | | | | | |7,000 |I |By Self as Trustee - Sons |
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Common Stock | | | | | | |4,373* |I |ESOP |
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*Pursuant to information pr| | | | | | | | | |
ovided by Plan Administrato| | | | | | | | | |
r, 9/30/96. | | | | | | | | | |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Emp. Stock Option - Ri|5.50 |12/12|M | |115,000 |D | | |Common Stock|115,000| |593,479 |D |Self |
ght to Buy | |/96 | | | | | | | | | | | | |
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Emp. Stock Option - Ri|15.25 |12/30|M | |45,000 |D | | |Common Stock|45,000 | |548,479 |D |Self |
ght to Buy | |/96 | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
SIGNATURE OF REPORTING PERSON
Peter W. Nauert
DATE
January 9, 1997
