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CUSIP No. 020039103 Page 1 of 4 Pages
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
ALLTEL Corporation
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(Name of Issuer)
Common Stock, $1.00 Par Value
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(Title of Class of Securities)
020039 10 3
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(CUSIP Number)
David A. Knight, c/o Stephens Group, Inc., 111 Center Street,
Little Rock, AR 72201, (501) 377-2000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Not Applicable
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 240.13d-7 for other
parties to whom copies are to be sent.
*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 on 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).
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CUSIP No. 020039103 Page 2 of 4 Pages
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SCHEDULE 13D
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1 Name of Reporting Persons
I.R.S. Identification No. of Above Persons (entities only)
Stephens Group, Inc.
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2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ]
(b) [X]
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3 SEC Use Only
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4 Source of Funds (See Instructions)
Not applicable
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5 Check Box if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) [ ]
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6 Citizenship or Place of Organization
Arkansas
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7 Sole Voting Power
14,414,937
NUMBER OF --------------------------------------------------------
SHARES 8 Shared Voting Power
BENEFICIALLY -0-
OWNED BY --------------------------------------------------------
EACH 9 Sole Dispositive Power
REPORTING 14,414,937
PERSON --------------------------------------------------------
WITH 10 Shared Dispositive Power
-0-
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
14,414,937
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12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [x] (1)
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13 Percent of Class Represented by Amount in Row (11)
4.6
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14 Type of Reporting Person (See Instructions)
CO
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(1) Certain executive officers, directors and stockholders and related entities
of Reporting Person directly of indirectly exercise voting and/or
dispositive power over an additional 1,105,310 shares or approximately
0.36% of the outstanding common stock of ALLTEL Corporation. Reporting
Person disclaims beneficial ownership of such shares (See Item 5).
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CUSIP No. 020039103 Page 3 of 4 Pages
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This Amendment No. 1 amends the Schedule 13D dated May 31, 1990 filed
by the Reporting Person. It is being filed to report beneficial ownership of
less than five percent of the outstanding ALLTEL Corporation Common Stock,
$1.00 par value (the "Common Stock") and the termination of Reporting Person's
obligation to report beneficial ownership of the Common Stock under Section 13
of the Securities Exchange Act of 1934, as amended. Amendments to the Schedule
13D are set forth below.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Reporting Person beneficially owns 14,414,937 shares, representing
4.6% of the outstanding Common Stock. Certain executive officers, directors,
stockholders and related entities of Reporting Person directly or indirectly
exercise voting and/or dispositive power over an additional 1,105,310 shares,
representing approximately 0.36% of the outstanding Common Stock. Reporting
Person disclaims beneficial ownership of all such shares.
(e) Reporting Person ceased to be a beneficial owner of more than five
percent of the outstanding Common Stock on February 29, 2000.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Warren A. Stephens, President, CEO and Director of Reporting Person, is
a Director of ALLTEL Corporation.
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CUSIP No. 020039103 Page 4 of 4 Pages
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SIGNATURES
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.
STEPHENS GROUP, INC.
10-22-02
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Date
/s/ DAVID A. KNIGHT
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Signature
Vice President
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Name/Title