Gorman John Joseph – ‘SC 13D’ on 2/20/01 re: Firstmark Corp/ME

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General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership              7     22K 
 2: EX-99.A     Promissory Note                                        4     19K 

SC 13D   —   General Statement of Beneficial Ownership
Document Table of Contents

SC 13D
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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. __)*

 FIRSTMARK CORP.
(Name of Issuer)

COMMON STOCK, $.20 PAR VALUE
(Title of Class of Securities)

 337908 20 6
(CUSIP Number)

JOHN JOSEPH GORMAN
2700 VIA FORTUNA
 SUITE 400
 AUSTIN, TEXAS 78746
(512) 306-8222
 (Name, Address and Telephone Number of Person Authorized to
 Receive Notices and Communications)

FEBRUARY 8, 2001
 (Date of Event Which Requires the 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-l(e), 240.13d-l(f) or 240.13d-l(g),        
check the following box.  [X]                                                   

*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).                                                                         

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Cusip No. 337908 20 6                  13D                         Page 2 of 6  
--------------------------------------------------------------------------------
1.  Name of Reporting Person                                                  
I. R. S. Identification Nos. of Above Persons (entities only)         

John Joseph Gorman                                                    
--------------------------------------------------------------------------------
2.  Check the Appropriate Box if a Member of a Group                          
(See Instructions)                                           (a) [ ]  
                                                           (b) [ ]
--------------------------------------------------------------------------------
3.  SEC Use Only                                                              

--------------------------------------------------------------------------------
4.  Source of Funds (See Instructions):                              OO       

--------------------------------------------------------------------------------
5.  Check if Disclosure of Legal Proceedings Is Required Pursuant to          
Items 2(d) or 2(e)                                               [ ]  

--------------------------------------------------------------------------------
6.  Citizenship or Place of Organization:  United States                      

--------------------------------------------------------------------------------
Number of Shares        7.    Sole Voting Power                   171,500(1)    
Beneficially                                                                    
Owned by Each           8.    Shared Voting Power                 574,500(2)    
Reporting Person                                                                
With:                   9.    Sole Dispositive Power              171,500(1)    

                    10.   Shared Dispositive Power            574,500(2)
--------------------------------------------------------------------------------
11.  Aggregate Amount Beneficially Owned by Each Reporting                      
 Person                                                       746,000(3)

--------------------------------------------------------------------------------
12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares          
(See Instructions)                                               [ ]  

--------------------------------------------------------------------------------
13.  Percent of Class Represented by Amount in Row (11)           13.6%(4)      

--------------------------------------------------------------------------------
14.  Type of Reporting Person (See Instructions)                      IN        

------------------------------------------------------------------------------  

(1)  Mr. Gorman has sole voting and dispositive power with respect to (i) 1,500 
  shares held directly by him and (ii) 170,000 shares held in Mr. Gorman's
401(k) account.                                                       

(2)  Mr. Gorman shares voting or dispositive power over (i) 438,500 shares held 
by Tejas Securities Group, Inc., a Texas corporation the controlling  
   shareholder of which is controlled by Mr. Gorman, (ii) 38,000 shares held
   by the 1994 Ryleigh Gorman Trust, a trust organized under the laws of the
  State of Texas of which Mr. Gorman's spouse Tamra I. Gorman, is the sole
trustee, (iii) 38,000 shares held by the John Joseph Gorman V Trust, a
    trust organized under the laws of the State of Texas of which Mr. Gorman's
   spouse, Tamra I. Gorman, is the sole trustee, and (iv) 60,000 shares held
     by the Jerome S. Gorman Custodial Account fbo Matthew Jerome Gorman, a UGMA
 account under the laws of the State of New Jersey of which Mr. Gorman's
brother, Jerome S. Gorman, is the custodian.                          

(3)  Mr. Gorman beneficially owns (i) 1,500 shares held directly by him, (ii)   
  170,000 shares held in Mr. Gorman's 401(k) account, (iii) 438,500 shares
   held by Tejas Securities Group, Inc., a Texas corporation the controlling
   shareholder of which is controlled by Mr. Gorman, (iv) 60,000 shares held
     by the Jerome S. Gorman Custodial Account fbo Matthew Jerome Gorman, a UGMA
    account under the laws of the State of Texas of which Mr. Gorman's spouse,
  Tamra I. Gorman, is the sole trustee, and (vi) 38,000 shares held by the
   John Joseph Gorman V Trust, a trust organized under the laws of the State
of Texas of which Mr. Gorman's spouse, Tamra I. Gorman, is the sole   
trustee.                                                              

(4)  Assumes a total of 5,501,430 shares outstanding, based on the amount       
   reported in Firstmark Corp.'s most recent Quarterly Report on Form 10-QSB
for the quarterly period ending September 30, 2000.                   

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ITEM 1. SECURITY AND ISSUER                                                     

  The class of equity securities to which this Schedule 13G relates is the
Common Stock, $.20 par value (the "Common Stock"), of Firstmark Corp., a Maine  
corporation (the "Issuer"). The principal executive offices of the Issuer are   
located at One Financial Place, 222 Kennedy Memorial Drive, Waterville, Maine   
04901.                                                                          

ITEM 2. IDENTITY AND BACKGROUND                                                 

(a)  John Joseph Gorman                                               

(b)  2700 Via Fortuna, Suite 400, Austin, Texas 78746                 

 (c)  Mr. Gorman is Chairman of the Board and Chief Executive Officer of
Westech Capital Corp., the controlling shareholder of Tejas 
Securities.                                                 

 (d)  During the last five years, Mr. Gorman has not been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors).                                              

     (e)  During the last five years, Mr. Gorman has not been a party to a civil
proceeding of a judicial or administrative body of competent
       jurisdiction as a result of which Mr. Gorman was or is subject to a
      judgment, decree or final order enjoining future violations of, or
    prohibiting or mandating activities subject to, Federal or state
       securities laws or finding any violation with respect to such laws.

(f)  United States                                                    

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION                       

On February 8, 2001, Mr. Gorman loaned Arch Aplin III ("Mr. Aplin")   
$530,000.00 which represented 70.7% of the amount paid by Mr. Aplin to Donald V.
Cruikshanks, George H. Morison and Steven P. Settlage as consideration for the  
purchase of an aggregate of 1,060,000 shares of Common Stock of the Issuer (the 
"Subject Shares"). The loan is secured by 749,067 shares of Common Stock of the 
Issuer. A copy of the Promissory Note evidencing such loan is attached as       
Exhibit A hereto. A condition to Mr. Aplin's purchase of the shares of Common   
Stock was the removal and replacement of the board of directors of the Issuer.  
Because Mr. Gorman participated in a transaction influencing the control of the 
Issuer, Mr. Gorman hereby files this Schedule 13D pursuant to Rule 13d-1(e)(i)  
under the Securities Exchange Act of 1934, as amended (the "Act").              

ITEM 4. PURPOSE OF TRANSACTION                                                  

Mr. Gorman originally acquired beneficial ownership of 746,500 of the 
Issuer's Common Stock for investment purposes. Mr. Gorman made the loan to Mr.  
Aplin to finance Mr. Aplin's purchase of the Subject Shares. Mr. Gorman has in  
the past discussed, and may in the future discuss, the possibility of a merger  
or other corporate transaction involving the Issuer and Westech Capital Corp.,  
of which Mr. Gorman is the controlling shareholder.                             

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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER                                    

John Joseph Gorman:                                                             

    (a)  Amount beneficially owned:                                   746,000*

         Percentage of class:                                            13.1%

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

         (i)   sole power to vote or to direct the vote:              171,500*

         (ii)  shared power to vote or to direct the vote:            574,500*

         (iii) sole power to dispose or direct the disposition of:    171,500*

         (iv)  shared power to dispose or direct the disposition of:  574,500*

*    Mr. Gorman beneficially owns 746,000 shares of common stock of Firstmark   
Corp., approximately 13.1% of the common stock of Firstmark Corp.     
  outstanding, consisting of (i) 1,500 shares held directly by Mr. Gorman,
(ii) 170,000 shares held in Mr. Gorman's 401(k) account, (iii) 438,500
shares held by Tejas Securities Group, Inc., a Texas corporation the  
   controlling shareholder of which is controlled by Mr. Gorman, (iv) 60,000
  shares held by the Jerome S. Gorman Custodial Account fbo Matthew Jerome
     Gorman, a UGMA under the laws of the State of New Jersey, of which Gorman's
     brother, Jerome S. Gorman, serves as custodian with the sole power to vote,
    direct the vote, dispose or direct the disposition of such shares, and (v)
38,000 shares held by the 1994 Ryleigh Gorman Trust, a trust organized
  under the laws of the State of Texas which Mr. Gorman's spouse, Tamra I.
   Gorman, is the sole trustee with the sole power to vote, direct the vote,
  dispose or direct the disposition of such shares, and (vi) 38,000 shares
     held by the John Joseph Gorman V Trust, a trust organized under the laws of
  the State of Texas of which Mr. Gorman's spouse, Tamra I. Gorman, is the
sole trustee with the sole power to vote, direct the vote, dispose or 
direct the disposition of such shares.                                

ITEM 6. CONTRACT, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO 
SECURITIES OF THE ISSUER.                                                       

    Mr. Gorman is the controlling shareholder of Westech Capital Corp. Westech
Capital Corp. is the controlling shareholder of Tejas Securities, thus Mr.      
Gorman can direct the voting of the shares of the Common Stock of the Issuer    
beneficially owned by Tejas Securities.                                         

     Mr. Gorman's $530,000.00 loan to Mr. Aplin is secured by, and Mr. Aplin has
pledged to Mr. Gorman, 749,067 shares of Common Stock of the Issuer (the        
"Collateral Shares"). Upon the occurrence of an Event of Default (as defined in 
the Promissory Note attached hereto as Exhibit A), Mr. Gorman could beneficially
acquire some or all of the Collateral Shares.                                   

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ITEM 7. MATERIAL TO BE FILED AS EXHIBITS                                        

   The Promissory Note referenced in Item 3 is attached hereto as Exhibit A.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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 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 20, 2001                     /s/ John Joseph Gorman              
                                          ----------------------------------
                          John Joseph Gorman

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EXHIBIT INDEX 

                                                                [Download Table]

EXHIBIT                                                
NUMBER           DESCRIPTION                           
-------          -----------                           
                                                       
99.A             Promissory Note dated February 8, 2001

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13D’ Filing		Date		First		Last			Other Filings
Filed on:		2/20/01		6					3,  SC 13D
		2/8/01		1		7
		9/30/00		2					10QSB
									List all Filings