1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 6) FIRST BUSEY CORPORATION ----------------------- (Name of Issuer) CLASS A COMMON STOCK -------------------- (Title of Class of Securities) 319383105 --------- (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 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 that Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on following pages) PAGE 1 OF 4 PAGES
2 CUSIP NO. 319383105 13G 1) NAME OF REPORTING PERSON AND SOCIAL SECURITY OR I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON DOUGLAS C. MILLS ###-##-#### 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (B) |__| (C) |__| 3) SEC USE ONLY 4) CITIZENSHIP OR PLACE OR ORGANIZATION UNITED STATES 5) SOLE VOTING POWER 789,633 (1) 6) SHARED VOTING POWER 400,160 7) SOLE DISPOSITIVE POWER 789,633 (1) 8) SHARED DISPOSITIVE POWER 400,160 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,189,893 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES* 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 17.37% 12) TYPE OF REPORTING PERSON* IN PAGE 2 OF 4 PAGES
3 ITEM 1(a) NAME OF ISSUER: FIRST BUSEY CORPORATION ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: P.O. BOX 123 URBANA, IL 61801 ITEM 2(a) NAME OF PERSON FILING: DOUGLAS C. MILLS ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE 2123 SEATON COURT CHAMPAIGN, IL 61821 ITEM 2(c) CITIZENSHIP: UNITED STATES ITEM 2(d) TITLE AND CLASS OF SECURITIES: CLASS A COMMON STOCK ITEM 2(e) CUSIP NUMBER: 319383105 ITEM 3 STATEMENT FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b): NOT APPLICABLE ITEM 4 OWNERSHIP: (a) AMOUNT BENEFICIALLY OWNED: 1,187,793 (b) PERCENT OF CLASS: 17.37% (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS: (i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE: 789,633 (ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE: 400,160 (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 789,633 (iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF: 400,160 PAGE 3 OF 4 PAGES
4 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 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 A GROUP: NOT APPLICABLE 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. 2/18/97 /s/ Douglas C. Mills - ------------------ ----------------------------- Date Signature FOOTNOTE: (1) Does not include 562,500 shares of Class B Common Stock and 14,500 shares of Class A Common Stock which are owned by Linda M. Mills, the wife of Mr. Mills, in which he disclaims any beneficial interest. Linda M. Mills files separate Section 13 and Section 16 reports reflecting the ownership of these securities. PAGE 4 OF 4 PAGES