-----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, CQfP2INoe3Xt0p8tW78A8gXmW41gLCiHjWPN+uYaXDVeyU/TjMWVdFiRQXLPDiLa UipVtfj4Yi9AsoapJ22kyA== 0000905718-98-000209.txt : 19980415 0000905718-98-000209.hdr.sgml : 19980415 ACCESSION NUMBER: 0000905718-98-000209 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980414 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ASTA FUNDING INC CENTRAL INDEX KEY: 0001001258 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 223388607 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-44713 FILM NUMBER: 98592981 BUSINESS ADDRESS: STREET 1: 210 SYLVAN AVE CITY: ENGLEWOOD CLIFFS STATE: NJ ZIP: 07632 BUSINESS PHONE: 2015675648 MAIL ADDRESS: STREET 1: 210 SYLVAN AVE CITY: ENGLEWOOD CLIFFS STATE: NJ ZIP: 07632 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ASTA GROUP INC CENTRAL INDEX KEY: 0001005599 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 223411109 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 210 SYLVAN AVENUE CITY: ENGLEWOOD CLIFFS STATE: NY ZIP: 07632 BUSINESS PHONE: 2015675648 MAIL ADDRESS: STREET 1: 210 SYLVAN AVE CITY: ENGLEWOOD CLIFFS STATE: NJ ZIP: 07632 SC 13G/A 1 SC 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Asta Funding, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 046220109 - -------------------------------------------------------------------------------- (CUSIP Number) March 18, 1998 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] 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 ("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. 046220109 - -------------------------------------------------------------------------------- (1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (entities only): Asta Group, Incorporated - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Citizenship or Place of Organization: Delaware - -------------------------------------------------------------------------------- Number of Shares Beneficially Owned by Each (5) Sole Voting Reporting Person With Power: 85,000 (6) Shared Voting Power: (7) Sole Dispositive Power: 85,000 (8) Shared Dispositive Power: - -------------------------------------------------------------------------------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person: 85,000 - -------------------------------------------------------------------------------- (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row (9): 2.2% - -------------------------------------------------------------------------------- (12) Type of Reporting Person (See Instructions): CO - -------------------------------------------------------------------------------- CUSIP NO. 046220109 - -------------------------------------------------------------------------------- (1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (entities only): Arthur Stern - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Citizenship or Place of Organization: United States - -------------------------------------------------------------------------------- Number of Shares Beneficially Owned by Each (5) Sole Voting Reporting Person With Power: (6) Shared Voting Power: 85,000* (7) Sole Dispositive Power: (8) Shared Dispositive Power: 85,000* - -------------------------------------------------------------------------------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person: 85,000* - -------------------------------------------------------------------------------- (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row (9): 2.2% - -------------------------------------------------------------------------------- (12) Type of Reporting Person (See Instructions): IN - -------------------------------------------------------------------------------- * Arthur Stern has shared voting and dispositive power over the 85,000 shares because he may be deemed a control person of Asta Group, Incorporated ("Group") through his ownership of Group common stock and his management position with Group. 21,658 shares represents Mr. Stern's proportionate equity interest in the 85,000 shares held by Group. CUSIP NO. 046220109 - -------------------------------------------------------------------------------- (1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (entities only): Gary Stern - -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) - -------------------------------------------------------------------------------- (3) SEC Use Only - -------------------------------------------------------------------------------- (4) Citizenship or Place of Organization: United States - -------------------------------------------------------------------------------- Number of Shares Beneficially Owned by Each (5) Sole Voting Reporting Person With Power: (6) Shared Voting Power: 85,000* (7) Sole Dispositive Power: (8) Shared Dispositive Power: 85,000* - -------------------------------------------------------------------------------- (9) Aggregate Amount Beneficially Owned by Each Reporting Person: 85,000* - -------------------------------------------------------------------------------- (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- (11) Percent of Class Represented by Amount in Row (9): 2.2% - -------------------------------------------------------------------------------- (12) Type of Reporting Person (See Instructions): IN - -------------------------------------------------------------------------------- * Gary Stern has shared voting and dispositive power over the 85,000 shares because he may be deemed a control person of Asta Group, Incorporated ("Group") through his ownership of Group common stock and his management position with Group. 28,824 shares represents Mr. Stern's proportionate equity interest in the 85,000 shares held by Group. Item 1(a). Name Of Issuer: Asta Funding, Inc. - -------------------------------------------------------------------------------- Item 1(b). Address of Issuer's Principal Executive Offices: 210 Sylvan Avenue, Englewood Cliffs, New Jersey 07632 - -------------------------------------------------------------------------------- Item 2(a). Name of Person Filing: This Schedule 13G/A is being filed by Asta Group, Incorporated, a Delaware corporation ("Group"), Arthur Stern ("Arthur") and Gary Stern ("Gary") as joint filers pursuant to Rule 13d-1(k). Group is a reporting person because it is the beneficial owner of record of the 85,000 shares of Common Stock, par value $.01 per share, of Asta Funding, Inc. Each of Arthur and Gary are reporting persons because under the rules promulgated by Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, they may be deemed to be a control person of Group through their ownership of Group common stock and their management positions with Group. - -------------------------------------------------------------------------------- Item 2(b). Address of Principal Business Office or, if None, Residence: 210 Sylvan Avenue, Englewood, New Jersey 07632. - -------------------------------------------------------------------------------- Item 2(c). Citizenship: Group is a Delaware corporation and both Arthur and Gary are citizens of the United States. - -------------------------------------------------------------------------------- Item 2(d). Title of Class of Securities: Common Stock, par value $.01 per share, of Asta Funding, Inc. - -------------------------------------------------------------------------------- Item 2(e). CUSIP No.: 046220109 - -------------------------------------------------------------------------------- Item 3. If This Statement Is Filed Pursuant to ss.240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a (a) [ ] Broker or Dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment Company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) [ ] An Investment Adviser in accordance with ss.240.13d-1(b)(1)(ii) (E); (f) [ ] An Employee Benefit Plan or Endowment Fund in accordance with ss.240.13d-1(b)(1)(ii)(F); (g) [ ] A Parent Holding Company or control person in accordance with ss.240.13d-1(b)(1)(ii)(G); (h) [ ] A Savings Associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J). If this statement is file pursuant to ss.240.13d-1(c), check this box [X]. Item 4. Ownership (a) Amount Beneficially Owned (as of March 18, 1998): 85,000 (b) Percent of Class (as of March 18, 1998): 2.2% (c) Number of Shares as to which such person has: (i) sole power to vote or to direct the vote --- (ii) shared power to vote or to direct the vote 85,000 ----------- (iii) sole power to dispose or to direct the disposition of --- (iv) shared power to dispose or to direct the disposition of 85,000 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 [ X ]. Item 6. Ownership of More Than Five Percent on Behalf of Another Person. N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. N/A Item 8. Identification and Classification of Members of the Group. N/A Item 9. Notice of Dissolution of Group. N/A Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 such securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. April 6, 1998 (Date) ASTA GROUP, INCORPORATED By: /s/ Arthur Stern Arthur Stern, President /s/ Arthur Stern Arthur Stern /s/ Gary Stern Gary Stern ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001) EXHIBIT A JOINT FILING AGREEMENT Asta Group, Incorporated, a Delaware corporation, Arthur Stern and Gary Stern hereby agree that the Schedule 13G/A filed herewith relating to the shares of Common Stock, par value $.01 per share, of Asta Funding, Inc., a Delaware corporation, is filed jointly on behalf of each such person pursuant to Rule 13d-1(k). April 6, 1998 (Date) ASTA GROUP, INCORPORATED By: /s/ Arthur Stern Arthur Stern, President /s/ Arthur Stern Arthur Stern /s/ Gary Stern Gary Stern -----END PRIVACY-ENHANCED MESSAGE-----