UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
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AMCON Distributing Company
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
0234IQ106
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(CUSIP Number)
*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 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.
CUSIP NO. 0234IQ106
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(1) Name of reporting person(s) Allen D. Petersen
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S.S. or I.R.S. identification nos. of above persons NOT REQUIRED
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(2) Check the appropriate box if a member of a (a) / /
group (SEE INSTRUCTIONS) (b) / /
(3) SEC USE ONLY
(4) Citizenship or place of organization United States
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power 4,000
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(6) Shared voting power 206,453 /1/
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(7) Sole dispositive power 4,000
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(8) Shared dispositive power 206,453 /1/
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(9) Aggregate amount beneficially owned by each reporting person 210,453
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(10) Check if the aggregate amount in row (9) excludes certain shares / /
(SEE INSTRUCTIONS)
(11) Percent of class represented by amount in row (9) 8.6%
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(12) Type of reporting person (SEE INSTRUCTIONS) IN-Individual
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/1/ Represent shares held by the Lifeboat Foundation, of which
Mr. Petersen is a director.
ITEM 1(a). NAME OF ISSUER: AMCON Distributing Company
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
10228 "L" Street
Omaha, Nebraska 68127
ITEM 2 (a). NAME OF PERSON FILING: Allen D. Petersen
ITEM 2 (b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
2800 Higgins Road, Suite 835
Hoffman Estates, IL 60195
ITEM 2 (c). CITIZENSHIP: United States
ITEM 2 (d). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share
ITEM 2. (e). CUSIP No.: 0234IQ106
ITEM 3. STATEMENTS FILED PURSUANT TO RULES 13D-1(B) OR 13D-2(B):
Not applicable
ITEM 4. OWNERSHIP:
(a) Amount Beneficially Owned: 210,453
(b) Percent of Class: 8.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 4,000
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(ii) shared power to vote or to direct the vote 206,453 /1/
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(iii) sole power to dispose or to direct the disposition of 4,000
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(iv) shared power to dispose or to direct the disposition of 206,453 /1/
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/1/ Represent shares held by the Lifeboat Foundation, of which
Mr. Petersen is a director.
INSTRUCTION. For computations regarding securities which represent a
right to acquire an underlying security see Rule 13d-3(d)(1).
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable
ITEM 6. OWNERSHIP OR 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:
Not Applicable
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: February 13, 1998 Allen D. Petersen
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(Signature)
Allen D. Petersen
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(Name/Title)
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 the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed
with the statement, 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 and any title of each person who signs the statement
shall be typed or printed beneath his signature.