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\SCH5158P.350
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CUSIP NO. 33761X107 13D Page 2 of 9 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
ED A. SMITH (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 593,651 SHARES OF COMMON STOCK(1)
OWNED BY
EACH
REPORTING
PERSON WITH
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8 SHARED VOTING POWER
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9 SOLE DISPOSITIVE POWER
593,651 SHARES OF COMMON STOCK(1)
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
593,651 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)
7.8%
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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 9 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Lindsey Capital Corporation (EIN#76-031267)
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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
Texas
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 419,969 SHARES OF COMMON STOCK1
OWNED BY
EACH
REPORTING
PERSON WITH
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8 SHARED VOTING POWER
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9 SOLE DISPOSITIVE POWER
419,969 SHARES OF COMMON STOCK(1)
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10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
419,969 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)
5.6%
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14 TYPE OF REPORTING PERSON*
CO
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1. 173,682 of the shares of Common Stock beneficially owned by Ed Smith are
owned by him directly. 419,969 of the shares of Common Stock beneficially
owned by Ed Smith are owned directly by Lindsey Capital Corporation, all of
the capital stock of which is owned by Ed Smith.
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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(PAGE 4 OF 8 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 Ed A. Smith and Lindsey Capital
Corporation. Ed A. Smith and Lindsey Capital Corporation are referred to
collectively herein as the "Reporting Persons."
Smith's business address is 1021 Main Street, Suite 1000, Houston,
Texas 77002. Smith is a sole proprietor principally engaged in making and
managing investments.
Lindsey Capital Corporation is a holding company of FirstCity Common
Stock located at 1021 Main Street, Suite 1000, Houston, Texas 77002.
Ed A. Smith owns all of the outstanding capital stock of Lindsey
Capital Corporation. Smith is the Chairman and President of Lindsey Capital
Corporation and its sole officer and director.
(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
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.
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(PAGE 5 OF 8 PAGES)
Item 4. Purpose of Transaction.
Not applicable.
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Persons beneficially own a combined aggregate of
593,651 shares of Common Stock or approximately 7.8% 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.
Ed A. Smith directly owns an aggregate of 173,682 shares of Common
Stock or 2.3% of the Common Stock outstanding as of May 8, 1998. Ed Smith may be
deemed to be the beneficial owner of the FirstCity Common Stock held by Lindsey
Capital Corporation by virtue of his ownership of all the outstanding capital
stock of Lindsey Capital Corporation.
Lindsey Capital Corporation, all of the Capital Stock of which is
owned by its President, Ed A. Smith, beneficially owns an aggregate of 419,969
shares of Common Stock or 5.6% of the Common Stock outstanding as of May 8,
1998.
(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 on the cover pages
and such information is incorporated herein by reference. 173,682 of the shares
of Common Stock beneficially owned by Ed A. Smith are owned by him directly.
419,969 of the shares of Common Stock beneficially owned by Ed A. Smith are
owned directly by Lindsey Capital Corporation, all of the capital stock of which
is owned by Ed A. Smith.
(c) Mr. Smith sold 41,280 shares of Common Stock at $30.75 per share
in the Offering on May 8, 1998. Lindsey Capital Corporation has not effected any
transactions in Common Stock in the last 60 days.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to
Securities of the Issuer.
None.
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(PAGE 6 OF 8 PAGES)
Item 7. Material to be Filed as Exhibits.
Joint Filing Agreement (incorporated by reference to Exhibit 1 to
Schedule 13D filed on behalf of the Reporting Persons on July 1, 1997)
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(PAGE 7 OF 8 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 1, 1998
/s/ Ed A. Smith
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Ed A. Smith
LINDSEY CAPITAL CORPORATION
/s/ Ed A. Smith
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Ed A. Smith
President and Chairman
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(PAGE 8 OF 8 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)
