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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
First USA, Inc.
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(Name of Issuer)
6 1/4% Mandatory Convertible Preferred Stock, $.01 par value
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(Title of Class of Securities)
33743H204
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [_].
*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 the
Notes).
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CUSIP NO. 33743H204 13G PAGE 2 OF 4 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GPZ Trading
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Illinois
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SOLE VOTING POWER
5 746,100
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7 746,100
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
746,100
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
13.0%
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TYPE OF REPORTING PERSON*
12
BD
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1.
(a) Name of Issuer:
First USA, Inc.
(b) Address of Issuer's Principal Executive Offices
1601 Elm Street
47th Floor
Dallas, Texas 75201
Item 2
(a) Name of Person Filing:
GPZ Trading
(b) Address of Principal Business Office or, if none, Residence
230 South LaSalle Street
Suite 688
Chicago, Illinois 60604
(c) Citizenship or Place of Organization
Illinois
(d) Title of Class of Securities
6 1/4% Mandatory Convertible Preferred Stock, $.01 par value
(e) CUSIP Number
33743H204
Item 3. Type of Reporting Person
Dealer registered under Section 15 of the Act.
Item 4. Ownership as of March 31, 1997
(a) Amount Beneficially Owned
746,100
(b) Percent of Class
13.0% (based on 5,750,000 shares outstanding as of Dec. 31, 1996, as
indicated in the company's most recent Form 10Q, dated Feb. 13, 1997.)
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
746,100
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition of
746,100
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(iv) shared power to dispose or to direct the disposition of
0
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
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.
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.
4/4/97
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Date
/s/ John Stafford
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Signature
John Stafford
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Name
