-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, M2smrgsA9Yu6iBM7rkkWnS6id2XoScOBsbfC4kHcxVyuIj1R0Acu0SZ5ku7/h300 /LlFE0xFAiGpTtiUvPtDYg== 0000893220-04-000208.txt : 20040213 0000893220-04-000208.hdr.sgml : 20040213 20040213101629 ACCESSION NUMBER: 0000893220-04-000208 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040213 GROUP MEMBERS: LINDA ALTER TRUST SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ADVANTA CORP CENTRAL INDEX KEY: 0000096638 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 231462070 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38014 FILM NUMBER: 04595250 BUSINESS ADDRESS: STREET 1: P.O. BOX 844 STREET 2: WELSH & MCKEAN ROADS CITY: SPRING HOUSE STATE: PA ZIP: 19477 BUSINESS PHONE: 2154445051 MAIL ADDRESS: STREET 1: C/O WELSH & MCKEAN ROADS STREET 2: P.O. BOX 844 CITY: SPRING HOUSE STATE: PA ZIP: 19477-0844 FORMER COMPANY: FORMER CONFORMED NAME: TSO FINANCIAL CORP DATE OF NAME CHANGE: 19880306 FORMER COMPANY: FORMER CONFORMED NAME: TEACHERS SERVICE ORGANIZATION INC DATE OF NAME CHANGE: 19850812 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ALTER DENNIS CENTRAL INDEX KEY: 0000903359 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: ADVANTA CORP STREET 2: P O BOX 844 SC 13G/A 1 w94143bsc13gza.htm SC 13G/A WITH RESPECT TO ADVANTA CORP. sc13gza
 

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 17)*

Advanta Corp.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

007942105

(Cusip Number)

December 31, 2003

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

        o Rule 13d-1 (b)

        o Rule 13d-1 (c)

        x Rule 13d-1 (d)

*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 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).

 

 

             
13G
CUSIP No. 007942105
  1. Name of Reporting Person:
Dennis Alter		 I.R.S. Identification Nos. of above persons (entities only):
  2. Check the Appropriate Box if a Member of a Group:
    (a) o  
    (b) x  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
United States
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
2,391,364(1)(3)
6. Shared Voting Power:
654,703(2)(3)
7. Sole Dispositive Power:
2,391,364(1)(3)
8.Shared Dispositive Power:
654,703(2)(3)
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
3,046,067(1)(3)
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o
  11.Percent of Class Represented by Amount in Row (9):
31.71%
  12.Type of Reporting Person:
IN

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13G
CUSIP No. 007942105
  1. Name of Reporting Person:
Linda Alter Trust		 I.R.S. Identification Nos. of above persons (entities only):
  2. Check the Appropriate Box if a Member of a Group:
    (a) o  
    (b) x  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
United States
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
551,695
6. Shared Voting Power:
0
7. Sole Dispositive Power:
551,695
8.Shared Dispositive Power:
0
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
551,695
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
o
  11.Percent of Class Represented by Amount in Row (9):
5.74%
  12.Type of Reporting Person:
OO

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CUSIP NO. 007942105

Item 1(a).   Name of Issuer:

     Advanta Corp.

Item 1(b).   Address of Issuer’s Principal Executive Offices:

     P.O. Box 844
     Welsh & McKean Roads
     Spring House, PA 19477

Item 2(a).   Name of Person Filing:

     Dennis Alter
     Linda Alter Trust

Item 2(b).   Address of Principal Business Office or, if none, Residence:

     Same as Item 1(b)

Item 2(c).   Citizenship:

     United States

Item 2(d).   Title of Class of Securities:

     Class A Common Stock

Item 2(e).   Cusip Number:

     007942105

Item 3.       If this Statement Is Filed Pursuant to Rules 13d-1(b) or 13d-2(b), check whether the Person filing is a:

     Not Applicable.

Item 4.   Ownership.

  A.   Dennis Alter

  (a)   Amount beneficially owned: 3,046,067(1)(3)

  (b)   Percent of Class: 31.71%

  (c)   Number of shares as to which such person has:

  (i)   power to vote or to direct the vote: 2,391,364(1)(3)

  (ii)   Shared power to vote or to direct the vote: 654,703(2)(3)

  (iii)   Sole power to dispose or to direct the disposition of: 2,391,364(1)(3)

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CUSIP NO. 007942105

  (iv)   Shared power to dispose or to direct the disposition of: 654,703(2)(3)

  B.   Linda Alter Trust

  (a)   Amount beneficially owned: 551,695

  (b)   Percent of Class: 5.74%

  (c)   Number of shares as to which such person has:

  (i)   power to vote or to direct the vote: 551,695

  (ii)   Shared power to vote or to direct the vote: 0

  (iii)   Sole power to dispose or to direct the disposition of: 551,695

  (iv)   Shared power to dispose or to direct the disposition of: 0

Item 5.      Ownership of Five Percent or Less of a Class.

    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: o

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 551,695 shares of Class A Common Stock held by his trust, representing 5.74% of the shares of Class A Common Stock outstanding at December 31, 2003.

Item 7.      Identification And Classification of The Subsidiary Which Acquired The Security Being Reported on by The Parent Holding Company.

    Not Applicable.

Item 8.      Identification And Classification of Members of The Group.

    Not Applicable.

Item 9.      Notice of Dissolution of Group.

    Not Applicable.

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CUSIP NO. 007942105

Item 10.   Certification.

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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.

           
By:   s\ Dennis Alter   February 11, 2004
   
 
    Dennis Alter   (Date)
         
Linda Alter Trust    
         
By:   s\ Dennis Alter   February 11, 2004
   
 
    Dennis Alter, Trustee   (Date)

       
 
(1)   Does not include 1,010 shares of Class A Preferred Stock owned by Mr. Alter’s spouse, as to which Mr. Alter has no voting or dispositive power. Includes 41,399 shares of Issuer’s Class A Common Stock held by a trust established by Mr. Alter, through which he has made certain charitable gifts of shares and as to which Mr. Alter has sole voting and dispositive power.
 
(2)   Includes 200,000 and 454,703 Class A shares owned by two charitable foundations, respectively, as to which Mr. Alter has shared voting and dispositive power. Mr. Alter disclaims beneficial ownership as to these shares.
 
(3)   Does not include shares of the Issuer’s Class A Common Stock held in trust by the Advanta Corp. Employee Stock Ownership Plan (the “Plan”), of which Mr. Alter is one of the trustees. As of December 31, 2003, the Plan held 954,067 shares of the Issuer’s Class A Common Stock, 129,040 shares of which had been allocated to Plan participants. By the terms of the Plan, the Plan trustees vote shares allocated to participant accounts as directed by the participants.
 
    Shares of Class A Common Stock held by the Plan, but not yet allocated or as to which participants have not made timely voting directions, are

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CUSIP NO. 007942105

  voted by the Plan trustees in the same proportions as shares for which directions are received (subject to each trustee’s fiduciary responsibilities under Section 404 of the Employee Retirement Income Security Act of 1974, as amended).Under Rule 13d-1 of the Securities Exchange Act of 1934, as amended, Mr. Alter may be deemed a beneficial owner of the 825,027 shares which, as of December 31, 2003, had not been allocated to Plan participants, or any of the 129,040 shares for which timely voting directions are not made to the trustees by Plan participants. Mr. Alter disclaims beneficial ownership as to all of the shares held by the Plan.

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EXHIBIT A

AGREEMENT TO JOINTLY FILE SCHEDULE 13G

     AGREEMENT dated as of February 12, 2004 by and between Dennis Alter and the Linda Alter Trust (collectively, the “Reporting Persons”).

     WHEREAS, pursuant to paragraph (k) of Rule 13d-1 promulgated under Subsection 13(d)(1) of the Securities Exchange Act of 1934, as amended (the “Act”), the Reporting Persons hereto have decided to satisfy their filing obligations under the Act by a single joint filing:

     NOW, THEREFORE, the Reporting Persons hereby agree as follows:

  1.   The Schedule 13G/A with respect to Advanta Corp., to which this is attached as Exhibit A, is filed on behalf of each of the Reporting Persons.

  2.   Each Reporting Person is responsible for the completeness and accuracy of the information concerning such Reporting Person contained therein.

     IN WITNESS WHEREOF, the undersigned hereunto set their hands as of the date first above written.

     
    s\Dennis Alter
   
    Dennis Alter
     
    Linda Alter Trust
     
    s\Dennis Alter
   
    Dennis Alter, Trustee

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