First Bancshares Schedule 13G
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
The First Bancshares, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
318916103
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(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 filed out for a reporting person's
intitial filing on this form wich respect to the subject class of securities,
and for any subsequent admendment 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).
CUSIP No. 318916103 13G Page 2 of 6 pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nick D. Welch
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 of America
5. SOLE VOTING POWER
NUMBER 113,510
OF SHARES
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
EACH
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 113,510
WITH
8. SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
113,510
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.8%
12. TYPE OF REPORTING PERSON *
IN
*SEE INSTRUCTION BEFORE FILLING OUT
CUSIP NO. 318916103 13G Page 3 of 6 pages
Amendment No. 1 to Schedule 13G
Nick D. Welch
Item 1(a) Name of Issuer:
The First Bancshares, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
6480 U.S. Highway 98 West
Hattiesburg, MS 39404
Item 2(a) Name of Person Filing:
Nick D. Welch
Item 2(b) Address of Principal Business Office or if none,
Residence:
P. O. Box 6302 1301 Spring Hill Road
Laurel, MS 39441 Laurel, MS 39411
Item 2(c) Citizenship:
United States of America
Item 2(d) Title of Class of Securities:
Common Stock, no par value per share
Item 2(e) Cusip Number:
318916103
Item 3 If this statement is filed pursuant to Rules 13d-a(b)
or 13d-2(b), check whether the person filing is a :
(a)( ) Broker or Dealer registered under Section 15
of the Act
(b)( ) Bank as defined in Section 3(a)(6) of the Act
(c)( ) Insurance Company as defined in Section 3(a)
(19) of the Act
(d)( ) Investment Company registered under Section 8
of the Investment Company Act
(e)( ) Investment Adviser registered under Section
203 of the Investmentadvisers Act of 1940
(f)( ) Employee Benefit Plan, Pension Fund which is
subject to the provisions of the Employee
Retirement Income Security Act of 1974 or
Endowment Fund; see 240.13d-1(b)(1)(ii)(F)
(g)( ) Parent Holding Company, in accordance with
240.13d-1(b)(ii)(G) (Note: see item 7)
(h)( ) Group, in accordance with 240.13d-1(b)(1)(ii)
(H)item 4 Ownership:
CUSIP NO. 318916103 13G Page 4 of 6 pages
Item 4 Ownership:
If the percent of the class owned, as of December 31
of the year covered by the statement, or as of the
last day of any month described in Rule 13d-1(b)(2),
if applicable, exceeds five percent, provide the
following information as of that date and identify
those shares which there is a right to acquire:
(a) Amount Beneficially owned:
113,510 shares
(b) Percent of Class:
9.8%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
113,510
(ii) shared power to vote or to direct the vote:
0
(iii)sole power to dispose or to direct the disposition of:
113,510
(iv) shared power to dispose or to direct the disposition
of:
0
Item 5 Ownership of Five percent or less of a class.
Not applicable
Item 6 Ownership of More than Five Percent on Behalf of Another
Person.
Not applicable.
Page 5 of 6 pages
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 Group.
Not applicable
Item 9 Notice of Dissolution of Group.
Not applicable
CUSIP NO. 318916103 13G Page 6 of 6 pages
Item 10 Certification
Not applicable
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.
2/13/02
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Date
/s/ Nick D. Welch
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Nick D. Welch