UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
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)
February 28, 1997
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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 [ ]
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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
149,175 shares
8. SHARED VOTING POWER
Not Applicable
9. SOLE DISPOSITIVE POWER
146,775 shares
10. SHARED DISPOSITIVE POWER
Not Applicable
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
149,175 shares
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [ ]
EXCLUDES CERTAIN SHARES
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.5%
14. TYPE OF REPORTING PERSON
IN
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The purpose of this Amendment No. 1 to the previously filed
Schedule 13D is to report additional shares acquired by Clinton
Atkins and to report that the ownership of Clinton Atkins in the
common stock of Great American Bancorp, Inc. has increased from
5.2% to 8.5% of the common shares outstanding.
Item 1. Security and Issuer.
No change.
Item 2. Identity and Background.
No change.
Item 3. Source and Amount of Funds or Other Consideration.
As of the date hereof, the Reporting Person is deemed to
beneficially own 149,175 shares, including 144,775 shares
purchased in open market transactions, 600 shares issued under
the 1995 Great American Incentive Plan ("Incentive Plan"), 2,400
shares represent unissued stock awards granted under the
Incentive Plan and 1,400 additional shares represent shares
underlying options granted under the Incentive Plan. The amount
of consideration ($2,100,063) used to acquire the 144,775 shares
was derived from personal funds of the Reporting Person.
A schedule of the shares, dates, and the prices per share
acquired by the Reporting Person since the most recent filing on
Schedule 13D is attached and marked as Exhibit 1 to Item 3.
Item 4. Purpose of Transaction.
No change.
Item 5. Interest in Securities of Issuer
(a) As of the date hereof, the Reporting Person is
deemed to beneficially own 149,175 shares, representing 8.5% of
the outstanding shares of the Company based upon reported
outstanding shares as of October 31, 1996 of 1,852,606 less
shares repurchased by the Company since October, 1996 of 92,630
or 1,759,976 shares. The beneficially owned shares include 2,400
shares representing stock awards granted under the Incentive Plan
and 1,400 shares underlying stock options granted under the
Incentive Plan which vested 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.
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(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.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of
the Issuer.
No change.
Item 7. Material to be Filed as Exhibits
A schedule detailing dates, shares purchased, and
price per share of shares acquired by the Reporting Person since
the most recent filing on Schedule 13D is filed herewith as
Exhibit 1.
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.
March 5, 1997 /s/ Clinton C. Atkins
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Date Signature
Clinton C. Atkins
--------------------------
Name/Title
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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:
01/30/97 13,000 15.6875 OTC (1)
02/14/97 600 0.00 GABI (2)
02/24/97 20,000 16.00 OTC (1)
02/28/97 20,000 16.375 OTC (1)
Non-Derivative Shares, Indirect Ownership:
02/14/97 2,400 0.00 GABI (2)
Derivative Shares, Direct Ownership:
02/14/97 1,400 14.00 GABI (3)
(1) Transactions effected in the over-the-counter market ("OTC")
through standard brokerage accounts.
(2) 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.
(3) Shares represent options granted under the 1995 Great
American Bancorp, Inc. Incentive Plan which vested on February
14, 1997.
