UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
Great American Bancorp, Inc.
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(Name of Issuer)
Common, Stock Value - $0.01 Par Value
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(Title of Class of Securities)
38982K107
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(CUSIP Number)
Clinton C. Atkins
2001 Kankakee Drive
Champaign, IL 61821
(217) 352-2121
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(Name, Address and Telephone Number of Persons Authorized to
Receive Notices and Communications)
December 16, 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 13G to report the acquisition which is the subject of
the Schedule 13D, and is filing this schedule because of Rule
13d-1(b)(3) or (4), check the following box [ ]
(Page 1 of 6 Pages)
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(Page 2 of 6 Pages)
CUSIP No. 38982K107
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Clinton C. Atkins
###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ]
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
7. SOLE VOTING POWER
96,175 shares
8. SHARED VOTING POWER
Not Applicable
9. SOLE DISPOSITIVE POWER
93,775 shares
10. SHARED DISPOSITIVE POWER
Not Applicable
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
96,175 shares
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2%
14. TYPE OF REPORTING PERSON
IN
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(Page 3 of 6 Pages)
Item 1. Security and Issuer.
This statement relates to shares of Common Stock, par value
$0.01 per share, of Great American Bancorp, Inc. (the "Company").
The principal executive offices of the Company are located at
1311 S. Neil St., P.O. Box 1010, Champaign, IL 61824-1010.
Item 2. Identity and Background.
(a) Clinton C. Atkins
(b) 2001 Kankakee Drive
Champaign, IL 61821
(c) Real Estate Investor
Atkins Group
2001 Kankakee Drive
Champaign, IL 61821
(d) The Reporting Person has not, during the last five
years, been convicted in a criminal proceeding (excluding traffic
violations and similar misdemeanors).
(e) The Reporting Person has not during the last five years
been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of
such proceeding was or is subject to a judgment, decree, or final
order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or
finding any violation with respect to such laws.
(f) United States
Item 3. Source and Amount of Funds or Other Consideration.
A schedule of the shares, dates, and the prices per share
owned by the Reporting Person is attached and marked as Exhibit 1
to Item 3. The amount of consideration ($1,248,625) used to
acquire the 91,775 shares was derived from personal funds of the
Reporting Person. An additional 3,000 shares represent stock
awards granted under the 1995 Great American Bancorp, Inc.
Incentive Plan ("Incentive Plan") and 1,400 additional shares
represent shares underlying options granted under the Incentive
Plan.
Item 4. Purpose of Transaction.
The Reporting Person acquired the Company's stock for
investment purposes. The Reporting Person may from time to time
acquire additional securities of the Company using personal funds
through a broker and/or privately negotiated transactions.
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(Page 4 of 6 Pages)
Except as described above, the Reporting Person does not
have any present plans or proposals that relate to or would
result in (a) the acquisition by any person of additional
securities of the Company, or the disposition of securities of
the Company; (b) an extraordinary corporate transaction, such as
a merger, reorganization or liquidation, involving the Company or
any of its subsidiaries; (c) a sale or transfer of a material
amount of assets of the Company or any of its subsidiaries; (d)
any change in the present board of directors or management of the
Company, including any plans or proposals to change the number of
term of directors or to fill any existing vacancies on the board;
(e) any material change in the present capitalization or dividend
policy of the Company; (f) any other material change in the
Company's business or corporate structure; (g) changes in the
Company's charter, bylaws or instrument corresponding thereto or
other actions which may impede the acquisition of control of the
Company by any person; (h) causing a class of securities of the
Company to be delisted from a national securities exchange or to
cease to be authorized to be quoted in an inter-dealer quotation
system of a registered national securities association; (i) a
class of equity securities of the Company becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the
Act; or (j) any action similar to any of those enumerated above.
Item 5. Interest in Securities of Issuer
(a) The Reporting Person beneficially owns 96,175 shares,
representing 5.2% of the outstanding shares of the Company based
upon reported outstanding shares as of October 31, 1996 of
1,852,606. The beneficially owned shares include 3,000 shares
representing stock awards granted under the Incentive Plan and
1,400 shares underlying stock options granted under the Incentive
Plan which vest on February 14, 1997. Assuming the Reporting
Person meets the terms of his agreements under the Incentive
Plan, the Reporting Person will have the right to acquire such
shares on February 14, 1997.
(b) The Reporting Person has the sole power to vote and to
dispose of the shares referred to in Item 5(a).
(c) Except as reported in Item 3 hereof, there has been no
transaction in the Common Stock of the Company effected during
the past sixty (60) days by the Reporting Person.
(d) No other person is known to have the right to receive
or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the securities referred in Item 5(a).
(e) Not applicable.
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(Page 5 of 6 Pages)
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of
the Issuer.
The Reporting Person is a Director of the Company and
has entered into two agreements pursuant to the Incentive Plan.
The first agreement is a Stock Award Agreement whereby the
Reporting Person was granted a stock award to earn 3,000 shares
of the Company's common stock. The second agreement is a Non-
statutory Stock Option Agreement which grants the Reporting
Person options to purchase 7,000 shares of the Company's common
stock at $14.00 per share. Both the Stock Award Agreement and
the Non-statutory Stock Option Agreement are dated February 14,
1996. The awards and options vest at 20% per year, and expire on
February 14, 2006.
Item 7. Material to be Filed as Exhibits
Exhibit 1 to Item 3 detailing dates, shares purchased, and
price per share of securities acquired by Reporting Person.
SIGNATURES
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.
December 17, 1996 /s/ Clinton C. Atkins
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Date Signature
Clinton C. Atkins
--------------------------
Name/Title
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(Page 6 of 6 Pages)
SCHEDULE 13D
EXHIBIT 1 TO ITEM 3
Clinton C. Atkins
Price per Share
No. of Shares (Excluding Where How
Date Purchased (Sold) commissions) Transacted Transacted
- ---- --------------- --------------- ---------- ----------
Non-Derivative Shares Acquired, Direct Ownership:
06/30/95 9,775 $10.00 GABI (1)
07/18/96 9,000 13.75 OTC (2)
07/18/96 1,000 13.75 OTC (2)
07/23/96 2,100 13.50 OTC (2)
07/26/96 7,900 13.50 OTC (2)
07/29/96 5,000 13.25 OTC (2)
07/30/96 3,000 13.25 OTC (2)
08/19/96 3,000 13.375 OTC (2)
08/23/96 5,000 13.50 OTC (2)
08/27/96 6,000 13.50 OTC (2)
11/05/96 10,000 14.50 OTC (2)
11/05/96 20,000 14.625 OTC (2)
11/06/96 10,000 14.625 OTC (2)
------
91,775
Non-Derivative Shares, Indirect Ownership:
02/14/97 3,000 0.00 GABI (3)
Derivative Shares, Direct Ownership:
02/14/97 1,400 14.00 GABI (4)
(1) Purchased directly from the Company in an initial public
offering pursuant to a stock subscription.
(2) Transactions effected in the over-the-counter market ("OTC")
through standard brokerage accounts.
(3) Shares represent stock awards granted under the 1995 Great
American Bancorp, Inc. Incentive Plan which vest at a rate of 20%
per year beginning on February 14, 1997.
(4) Shares represent options granted under the 1995 Great
American Bancorp, Inc. Incentive Plan which vest on February 14,
1997.
