SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)
EFTC CORPORATION
(Name of Issuer)
Common Stock, $.01 par value per share
(Title of Class of Securities)
268443 10 8
(CUSIP Number)
June 5, 1998
(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)
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CUSIP No. 268443 10 8 SCHEDULE 13G
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Gerald J. Reid
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
5 SOLE VOTING POWER
239,426
NUMBER OF
SHARES 6 SHARED VOTING POWER
BENEFICIALLY __
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 239,426
PERSON
WITH 8 SHARED DISPOSITIVE POWER
--
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
239,426
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.5%
12 TYPE OF REPORTING PERSON*
IN
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Item 1(a) Name of Issuer:
EFTC Corporation
(b) Address of Issuer's Principal Executive Offices:
9351 Grant Street, Denver, Colorado 80229
Item 2(a) Name of Person Filing: Gerald J. Reid
(b) Address of Principal Business Office or, if none,
Residence:
6600 West 20th Street #37
Greeley, CO 80634
(c) Citizenship: United States of America
(d) Title of Class of Securities:
Common stock, par value $.01 per share
(e) CUSIP Number: 268443 10 8
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)or
(c), Check Whether the Person Filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Exchange
Act
(b) [ ] Bank as defined in section 3(a)(6) of the Exchange Act
(c) [ ] Insurance company as defined in section 3(a)(19) of the
Exchange Act
(d) [ ] Investment company registered under section 8 of the
Investment Company Act
(e) [ ] An investment adviser in accordance with Rule 13d-
1(b)(1)(ii)(E)
(f) [ ] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F)
(g) [ ] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G)
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
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(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this
box. [ ]
Item 4. Ownership:
(a) Amount Beneficially Owned:
239,426 shares. Does not include 291,426 shares beneficially owned
by Lucille A. Reid, who is Gerald J. Reid's spouse, as to which Mr.
Reid disclaims beneficial ownership.
(b) Percent of Class: 1.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 239,426 shares
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of: 239,426
shares
(iv) shared power to dispose or to direct the disposition
of: 0
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner
of more than five percent of a class of securities, check the
following [X].
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
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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.
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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: July 9, 1998
/s/ Gerald J. Reid
Gerald J. Reid
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