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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. 1)*
Hambrecht & Quist Group
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(NAME OF ISSUER)
Common Stock, par value $0.01 per share
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(TITLE OF CLASS OF SECURITIES)
406545 10 3
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(CUSIP NUMBER)
December 31, 1997
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(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing of 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).
Page 1 of 5 Pages
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CUSIP No 406545103
Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William R. Timken
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY 1,572,996
OWNED BY ------------------------------------------------------
EACH
REPORTING 6 SHARED VOTING POWER
PERSON WITH -0-
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7 SOLE DISPOSITIVE POWER
1,572,996
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8 SHARED DISPOSITIVE POWER
-0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,572,966
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.5%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT
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CUSIP No 406545103
Page 3 of 5 Pages
ITEM 1.
(a) NAME OF ISSUER:
Hambrecht & Quist Group (the "Issuer")
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
One Bush Street
San Francisco, CA 94104
ITEM 2.
(a) NAME OF PERSON FILING:
William R. Timken
(b) ADDRESS OF PRINCIPAL OFFICE:
c/o Hambrecht & Quist LLC
One Bush Street
San Francisco, CA 94104
(c) CITIZENSHIP:
U.S.A.
(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share
(e) CUSIP NUMBER:
406545103
ITEM 3. TYPE OF REPORTING PERSON:
Inapplicable
ITEM 4.
(a) AMOUNT BENEFICIALLY OWNED:
1,572,996 (includes options to purchase 40,000 shares of common
stock exercisable within 60 days of December 31, 1997 and 24,494
shares held in trust for the benefit of the reporting person by the
Hambrecht & Quist Group Savings and Employee Stock Ownership Plan).
(b) PERCENT OF CLASS:
6.5%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) Sole power to vote or to direct the vote:
1,572,996 (includes options to purchase 40,000 shares of
common stock exercisable within 60 days of December 31,
1997 and 24,494 shares held in trust for the benefit of the
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CUSIP No 406545103
Page 4 of 5 Pages
reporting person by the Hambrecht & Quist Group Savings
and Employee Stock Ownership Plan).
(ii) Shared power to vote or to direct the vote:
-0-
(iii) Sole power to dispose or direct the disposition of:
1,572,996 (includes options to purchase 40,000 shares of
common stock exercisable within 60 days of December 31,
1997 and 24,494 shares held in trust for the benefit of the
reporting person by the Hambrecht & Quist Group
Savings and Employee Stock Ownership Plan).
(iv) Shared power to dispose or direct the disposition of:
-0-
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Inapplicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Inapplicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Inapplicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Inapplicable
ITEM 9. NOTICE OF DISSOLUTION OF THE GROUP:
Inapplicable
ITEM 10. CERTIFICATION:
Inapplicable
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CUSIP No 406545103
Page 5 of 5 Pages
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.
February 12, 1998
______________________________________
Date
/s/ William R. Timken
______________________________________
Signature
Daniel H. Case III
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Name/Title
