SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Franklin Credit Management Corporation
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
353487101
(CUSIP Number)
Check the following box if a fee is being paid with this statement |X|.
Page 1 of 7 Pages
<PAGE>
SCHEDULE 13G
CUSIP No. 353487101 Page 2 of 7 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frank B. Evans
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
5) SOLE VOTING POWER
922,031 shares of Common Stock
NUMBER -------------------------------------------------
OF 6) SHARED VOTING POWER
SHARES Not applicable
BENEFICIALLY -------------------------------------------------
OWNED BY 7) SOLE DISPOSITIVE POWER
EACH 922,031 shares of Common Stock
REPORTING -------------------------------------------------
PERSON 8) SHARED DISPOSITIVE POWER
WITH Not Applicable
- --------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
922,031 shares of Common Stock, $.01 par value
- --------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |X|
- --------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
16.7%
- --------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
-2-
<PAGE>
ITEM 1(A). NAME OF ISSUER:
Franklin Credit Management Corporation (the "Company")
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
Six Harrison Street, New York, New York 10013
ITEM 2(A). NAME OF PERSON FILING:
Frank B. Evans
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The principal business office of Frank B. Evans is Six
Harrison Street, New York, NY 10013.
ITEM 2(C). CITIZENSHIP:
United States of America
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 par value (the "Common Stock")
ITEM 2(E). CUSIP NUMBER:
353487101
ITEM 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
Not applicable
ITEM 4. OWNERSHIP.
Frank B. Evans:
(a) Amount beneficially owned: 922,031 shares of Common
Stock(1)
(b) Percent of class: 16.7%(2)
- --------
(1) Does not include 5,225 shares beneficially owned by Mr. Evans' father,
Frank Evans, with respect to which shares Mr. Evans disclaims
beneficial ownership.
(2) Based upon approximately 5,520,121 shares of Common Stock reported to
be outstanding on July 12, 1996.
-3-
<PAGE>
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
922,031 shares of Common Stock
(ii) Shared power to vote or to direct the vote:
Not applicable
(iii) Sole power to dispose or to direct the
disposition of: 922,031 shares of Common Stock
(iv) Shared power to dispose or to direct the
disposition of: Not applicable
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.
Not applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE 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
-4-
<PAGE>
SIGNATURE
---------
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: September 9, 1996
/s/ Frank B. Evans
---------------------------------------
Frank B. Evans
-5-
