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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 11)*
ADVANTA CORP.
(NAME OF ISSUER)
CLASS A COMMON STOCK
(TITLE OF CLASS OF SECURITIES)
007942105
(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
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CUSIP NO. 007942105 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
4,475,032
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 318,824
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 4,400,032
PERSON 8 SHARED DISPOSITIVE POWER
318,824
WITH
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,718,856
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
25.94%
12 TYPE OF REPORTING PERSON*
In
*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:
25.94%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
4,400,032
(ii) shared power to vote or to direct the vote:
318,824 (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: 4,400,032
(iv) shared power to dispose or to direct the
disposition of 318,824 (the undersigned's
spouse has sole dispositive power, 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 5.50% of the shares of Class A Common Stock
outstanding at December 31, 1997.
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 , 1998
/s/ Dennis Alter
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Dennis Alter
