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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 10)*
Advanta Corp.
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Name of Issuer
Class A Common Stock
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(Title of Class of Securities)
007942 10 5
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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 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).
Page 1 of 5 pages
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CUSIP NO. 007942 10 5 13G PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dennis Alter ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF
SHARES 4,475,032
BENEFICIALLY -----------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 468,824
PERSON -----------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
4,475,032
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8 SHARED DISPOSITIVE POWER
468,824
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,718,856
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
26.33%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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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:
Welsh & McKean Roads
P.O. Box 844
Spring House, Pennsylvania 19477-0844
Item 2(a). Name of Person Filing:
Dennis Alter
Item 2(b). Address of Principal Business Office:
Welsh & McKean Roads
P.O. Box 844
Spring House, Pennsylvania 19477-0844
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 10 5
Item 3. Inapplicable.
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Page 4 of 5 Pages
Schedule 13G
Issuer: Advanta Corp.
Filing Person: Dennis Alter
Item 4. Ownership.
(a) Amount Beneficially Owned: 4,718,856 shares
(b) Percent of Class:
26.33%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 4,475,032 (the
undersigned disclaims beneficial ownership of 75,000 shares
held by a charitable trust as to which the undersigned has
sole voting and investment powers)
(ii) shared power to vote or to direct the vote: 468,824 (the
undersigned disclaims beneficial ownership of 150,000
shares held by a charitable foundation as to which the
undersigned shares voting and investment powers; the
undersigned's spouse has sole voting power of 318,824
shares, as to which the undersigned disclaims beneficial
ownership)
(iii) sole power to dispose or to direct the disposition of:
4,475,032 (the undersigned disclaims beneficial ownership
of 75,000 shares held by a charitable trust as to which the
undersigned has sole dispositive power)
(iv) shared power to dispose or to direct the disposition of
468,824 (the undersigned disclaims beneficial ownership of
150,000 shares held by a charitable foundation as to which
the undersigned shares dispositive power; the undersigned's
spouse has sole dispositive power of 318,824 shares, as to
which the undersigned disclaims beneficial ownership)
Item 5. Ownership of Five Percent or Less of a Class.
Inapplicable.
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Page 5 of 5 Pages
Schedule 13G
Issuer: Advanta Corp.
Filing Person: Dennis Alter
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
As sole trustee of a trust for his sister, Linda Alter, the
undersigned has sole power to vote and to dispose of the 999,462
shares of Class A Common Stock held by this trust, representing
5.57% of the shares of Class A Common Stock outstanding at
December 31, 1996.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Securities Being Reported on by the Parent Holding
Company.
Inapplicable.
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 12, 1997
/s/ DENNIS ALTER
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Dennis Alter
