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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
Aames Financial Corporation
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(Name of Issuer)
Common Stock, par value $.001 per share
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(Title of Class of Securities)
00253A 10 1
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(CUSIP Number)
Barbara S. Polsky
General Counsel
Aames Financial Corporation
3731 Wilshire Boulevard
Suite 1000
Los Angeles, California 90010
(213) 351-6196
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 22, 1996
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13D 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 this statement []. (A fee is
not required only if the filing 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.)
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 the
disclosures provided in a prior cover page.
The information required in 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 Notes).
Page 1 of 5
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SCHEDULE 13D
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CSUIP No. 00253A 10 1 PAGE 2 OF 5 PAGES
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1 NAME OR REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Neil B. Kornswiet ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) []
(b) []
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
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 -0-
----------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,380,240
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9 SOLE DISPOSITIVE POWER
EACH
REPORTING -0-
----------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON
WITH 1,380,240
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,380,240
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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)
7.6%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
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SCHEDULE 13D
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CSUIP No. 00253A 10 1 PAGE 3 OF 5 PAGES
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1 NAME OR REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Debra K. Kornswiet ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) []
(b) []
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
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 -0-
-----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,380,240
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
REPORTING -0-
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON
WITH 1,380,240
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,380,240
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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)
7.6%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
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This Amendment No. 1 to the Schedule 13D, dated September 9, 1996 (date
of event requiring filing August 28, 1996) (the "Schedule 13D"), which was filed
with the Securities and Exchange Commission by Neil B. Kornswiet and Debra K.
Kornswiet (the "Reporting Persons") and relates to the shares of common stock,
par value $.001 per share (the "Common Stock") of Aames Financial Corporation, a
Delaware corporation, hereby amends Item 5 of the Schedule 13D. Unless otherwise
indicated, all capitalized terms used but not defined herein shall have the same
meaning as set forth in the Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Reporting Persons are the beneficial owners of 1,380,240 shares of
the Common Stock, or approximately 7.6%, based on a total of 18,256,388
shares of the Common Stock outstanding as of November 22, 1996.
(b) The Reporting Persons have shared power to vote or direct the vote and
dispose or direct the disposition of all shares of the Common Stock
beneficially owned by them.
(c) During the last 60 days, the Reporting Persons have effected the
following transactions in the Common Stock:
<TABLE>
<CAPTION>
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Date of Transaction Number of Shares Price per Share Nature of Transaction
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<S> <C> <C> <C>
November 1, 1996 50,000 $45.126 Open Market (NYSE)
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November 4, 1996 12,500 $43.313 Open Market (NYSE)
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November 5, 1996 14,700 $41.868 Open Market (NYSE)
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November 6, 1996 22,800 $41.616 Open Market (NYSE)
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November 7, 1996 25,000 $42.652 Open Market (NYSE)
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November 8, 1996 5,000 $41.250 Open Market (NYSE)
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November 12, 1996 20,000 $41.155 Open Market (NYSE)
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November 21, 1996 10,000 $40.139 Open Market (NYSE)
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November 22, 1996 30,000 $40.687 Open Market (NYSE)
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November 25, 1996 67,700 $43.439 Open Market (NYSE)
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November 26, 1996 10,000 $42.625 Open Market (NYSE)
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</TABLE>
(d) Not applicable.
(e) Not applicable.
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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.
Date: November 22, 1996
/s/ Neil B. Kornswiet
-----------------------------------
Neil B. Kornswiet
/s/ Debra K. Kornswiet
-----------------------------------
Debra K. Kornswiet
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of this filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statements, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
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