SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934\
(Amendment No. 7 )*
ADVANTA Corp.
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
007942 105
(CUSIP Number)
Check the following box if a fee is being paid with this
statement. (A fee is not required only if the filing person:
(1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less
of such class.) (See Rule 13d-7).
* 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 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).
(Continued on following page(s)
Page 1 of 5 Pages
<PAGE>
CUSIP No. 007942 105 13G Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dennis Alter
###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP * (a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
5 SOLE VOTING POWER
NUMBER OF 4,412,159
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 318,826
REPORTING
PERSON 7 SOLE DISPOSITIVE POWER
WITH
4,412,159
8 SHARED DISPOSITIVE POWER
318,826
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,730,985
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
26.46%
12 TYPE OF REPORTING PERSON
In
SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 3 of 5 Pages
Schedule 13G
Issuer: ADVANTA Corp.
Filing Person: Dennis Alter
Item 1(a). Name of Issuer:
ADVANTA Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
Brandywine Corporate Center
650 Naamans Road
Claymont, Delaware 19703
Item 2(a). Name of Person Filing:
Dennis Alter
Item 2(a). Address of Principal Business Office:
ADVANTA Corp.
Five Horsham Business Center
300 Welsh Road
Horsham, PA 19044-2209
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
Class A Common Stock
Item 2(e). CUSIP Number:
007942 105
Item 3. Inapplicable.
Item 4. Ownership.
(a) Amount Beneficially Owned:
4,730,985 shares (includes 46,893 shares of
restricted stock under employee benefit plans
which are subject to forfeiture unless certain
vesting conditions are met)
(b) Percent of Class:
26.46%
<PAGE>
Page 4 of 5 Pages
Schedule 13G
Issuer: ADVANTA Corp.
Filing Person: Dennis Alter
(c) Number of shares to which such person has:
(i) sole power to vote or to direct the vote:
4,412,159 (includes 46,893 shares of
restricted stock under employee benefit plans
which are subject to forfeiture unless
certain vesting conditions are met)
(ii) shared power to vote or to direct the vote:
318,826 (the undersigned's spouse has sole
voting power, as to which shares the
undersigned disclaims beneficial ownership)
(iii) sole power to dispose or to direct the
disposition of: 4,412,159 (includes 46,893
shares of restricted stock under employee
benefit plans which are subject to forfeiture
unless certain vesting conditions are met)
(iv) shared power to dispose or to direct the
disposition of: 318,826 (the undersigned's
spouse has sole dispositive power, as to which
shares the undersigned disclaims beneficial
ownership)
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.
As sole trustee of a trust for his sister, Linda
Ominsky, Mr. Alter has sole power to vote and to
dispose of the 999,462 shares of Class A Common
Stock held by this trust, representing 5.80% of the
shares of Class A Common Stock outstanding at
December 31, 1993.
Item 7. Identification and Classification of the subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company.
Inapplicable.
<PAGE>
Page 5 of 5 Pages
Schedule 13G
Issuer: ADVANTA Corp.
Filing Person: Dennis Alter
Item 8. Identification and Classification of Members of the
Group.
Inapplicable.
Item 9. Notice of Dissolution of Group.
Inapplicable.
Item 10. Certification.
Inapplicable.
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 14, 1994
/s/ Dennis Alter
Dennis Alter
