OMB APPROVAL
OMB Number: 3235-0145
Expires: August 31, 1999
Estimated average burden
hours per form .....14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
FRONTEER FINANCIAL HOLDINGS, LTD.
----------------------------------------
(Name of Issuer)
$0.01 Par Value Common Stock
----------------------------------------
(Title of Class of Securities)
359031 10 1
----------------
(CUSIP Number)
R. A. Fitzner, Jr., 1700 Lincoln Street, 32nd Floor,
Denver, CO 80203 (303) 860-1700
--------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 18, 1998
------------------------------------------------
(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-l(b)(3) or (4), check the following box [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 4 pages
<PAGE>
SCHEDULE 13D
CUSIP No. 359031 10 1
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
R. A. Fitzner, Jr.
S.S. No.: ###-##-####
-------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
-------------------------------------------------------------------------
3. SEC USE ONLY
-------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
N/A
-------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
-------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 679,667 shares--4%
BENEFICIALLY ----------------------------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH 0
REPORTING ----------------------------------------------------
PERSON
WITH 9. SOLE DISPOSITIVE POWER
679,667 shares--4%
----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
679,667 shares
-------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) [ ]
-------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4%
--------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON (See Instructions)
IN
-------------------------------------------------------------------------
Page 2 of 4 pages
<PAGE>
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the date of this Amendment No. 4 to Schedule 13D, R. A. Fitzner,
Jr. beneficially owns 679,667 shares of the common stock of the Issuer which
constitutes approximately 4% of the outstanding common stock of the Issuer. This
amount includes shares underlying options Mr. Fitzner has given to two persons
to purchase 300,000 shares from Mr. Fitzner's personal holdings.
(b) R. A. Fitzner, Jr., has sole voting and disposition power of the
679,667 shares.
(c) On December 17, 1997, R. A. Fitzner, Jr. entered into an agreement with
Heng Fung Capital [S] Private Limited, a Singapore corporation that is a wholly
owned subsidiary of Heng Fung Holdings Company Limited, a public company traded
on the Hong Kong Stock Exchange. Pursuant to the agreement, effective February
18, 1998, Heng Fung Capital [S] Private Limited purchased 3,556,777 shares of
the Issuer's common stock from R. A. Fitzner, Jr., at a price of $0.88 per
share.
(d) No other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the
679,667 shares.
(e) R. A. Fitzner, Jr. has ceased to be the beneficial owner of more than
five percent of the common stock of the Issuer.
Page 3 of 4 pages
<PAGE>
SIGNATURE
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.
/s/ R. A. Fitzner, Jr.
------------------------------------------
R. A. Fitzner, Jr.
Date: February 19, 1998
-----------------------------------------
Page 4 of 4 Pages
