SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
FIRSTCITY FINANCIAL CORPORATION
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(Name of issuer)
COMMON STOCK
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(Title of class of securities)
33761X107
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(CUSIP number)
JAMES T. SARTAIN
FIRSTCITY FINANCIAL CORPORATION
6400 IMPERIAL DRIVE
WACO, TEXAS 76712
(254)751-1750
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(Name, address and telephone number of person
authorized to receive notices and communications)
MAY 8, 1998
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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 |_|. (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).
HOFS02...:\92\54892\0004\2166\SCH5138U.300
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CUSIP NO. 33761X107 13D Page 2 of 7 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Richard Gillen (SS# ###-##-####)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X
(b)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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8 SHARED VOTING POWER
640,455 SHARES OF COMMON STOCK
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9 SOLE DISPOSITIVE POWER
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10 SHARED DISPOSITIVE POWER
640,455 shares of Common Stock
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
640,455 SHARES OF COMMON STOCK
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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)
8.5%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 33761X107 13D Page 3 of 7 Pages
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==============================================================================
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Bernice Gillen (SS# ###-##-####)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X
(b)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
--------------------------------------------------------------
8 SHARED VOTING POWER
640,455 shares of Common Stock
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9 SOLE DISPOSITIVE POWER
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10 SHARED DISPOSITIVE POWER
640,455 SHARES OF COMMON STOCK
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
640,455 SHARES OF COMMON STOCK
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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)
8.5%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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(PAGE 4 OF 7 PAGES)
STATEMENT PURSUANT TO RULE 13d-1
OF THE
GENERAL RULES AND REGULATIONS
UNDER THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
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Item 1. Security and Issuer.
This Statement on Schedule 13D relates to the Common Stock, par
value $.01 per share ("Common Stock"), of FirstCity Financial Corporation, a
Delaware corporation ("FirstCity" or the "Issuer"). The principal executive
offices of FirstCity are located at 6400 Imperial Drive, Waco, Texas 76712.
Item 2. Identity and Background.
(a)-(c) This Statement is filed by Richard and Bernice Gillen who
are referred to collectively herein as the "Reporting Persons."
Richard Gillen's business address is 340 N. Sam Houston Parkway
East, Suite 100, Houston, Texas 77060. Mr. Gillen's present principal occupation
is serving as Chairman of the Board, Chief Executive Officer and President of
Harbor Financial Group, Inc. ("Harbor"), a direct, wholly-owned subsidiary of
FirstCity located at the address listed above. Harbor is a holding company that,
through its subsidiary, Harbor Financial Mortgage Corporation, is engaged
principally in the mortgage banking business to originate, purchase, sell and
service mortgage loans. Mr. Gillen is a citizen of the United States of America.
Bernice Gillen's business address is 340 N. Sam Houston Parkway
East, Suite 100, Houston, Texas 77060. Mrs. Gillen's present principal
occupation is serving as Vice President of Human Resources of Harbor. Mrs.
Gillen is a citizen of the United States of America.
(d)-(e) No Reporting Person has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations and similar
misdemeanors) or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree, or final order enjoining future
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(PAGE 5 OF 7 PAGES)
violations of, or prohibiting or mandating activities subject to, Federal or
State securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
Not applicable.
Item 4. Purpose of Transaction.
Not applicable.
Item 5. Interest in Securities of the Issuer.
(a) Richard and Bernice Gillen each beneficially owns an aggregate
of 640,455 shares of Common Stock or 8.5% of the Common Stock outstanding as of
May 8, 1998 based on information regarding the number of outstanding shares of
Common Stock upon completion of the Company's public offering (the "Offering")
of Common Stock which consummated May 8, 1998, as set forth in the Prospectus,
dated May 5, 1998, relating to such Offering.
(b) The number of shares of Common Stock as to which there is sole
power to vote or to direct the vote, shared power to vote or to direct the vote,
sole power to dispose or direct the disposition, or shared power to dispose or
direct the disposition for each Reporting Person is set forth in the cover pages
and such information is incorporated herein by this reference. The shares of
Common Stock beneficially owned by the Reporting Persons are owned by them
jointly.
(c) The Reporting Persons sold an aggregate of 56,204 shares of
Common Stock for a price of $30.75 per share in the Offering on May 8, 1998.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to
Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
(1) Joint Filing Agreement
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(PAGE 6 OF 7 PAGES)
SIGNATURE
After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: May 27, 1998
/s/ Richard Gillen
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Richard Gillen
/s/ Bernice Gillen
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Bernice Gillen
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(PAGE 7 OF 7 PAGES)
EXHIBIT INDEX
Exhibit No. Exhibit
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1 Joint Filing Agreement (incorporated by reference to Exhibit 1 to
Schedule 13D filed on behalf of the Reporting Persons on July 1,
1997)
