-----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, UwRpbwBZZ8kf2AlK7mQAkIjN8BAhZxUV2vniyLKtdovPKFLzObISlHP8nNP8Bbi7 1kKAFyjLSbmRtO0ITecOgA== 0001144204-06-010579.txt : 20060317 0001144204-06-010579.hdr.sgml : 20060317 20060317165801 ACCESSION NUMBER: 0001144204-06-010579 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060317 DATE AS OF CHANGE: 20060317 GROUP MEMBERS: KAREN JO GUSTAFSON SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL HOLDINGS CORP CENTRAL INDEX KEY: 0001023844 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] IRS NUMBER: 364128138 STATE OF INCORPORATION: DE FISCAL YEAR END: 0926 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51125 FILM NUMBER: 06696586 BUSINESS ADDRESS: STREET 1: 1001 FOURTH AVENUE STREET 2: STE 2200 CITY: SEATTLE STATE: WA ZIP: 98154 BUSINESS PHONE: 3127518833 MAIL ADDRESS: STREET 1: 1001 FOURTH AVENUE STREET 2: STE 2200 CITY: SEATTLE STATE: WA ZIP: 98154 FORMER COMPANY: FORMER CONFORMED NAME: OLYMPIC CASCADE FINANCIAL CORP DATE OF NAME CHANGE: 19960927 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KUSNICK GREGORY P CENTRAL INDEX KEY: 0001286374 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: P.O. BOX 22443 CITY: SEATTLE STATE: WA ZIP: 98122 SC 13G/A 1 v038077-scga.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* NATIONAL HOLDINGS CORPORATION (Name of Issuer) Common Stock (Title of Class of Securities) 636375 10 7 (CUSIP Number) Gregory P. Kusnick Karen Jo Gustafson 715 Second Ave Unit 1904 Seattle, WA 98104 (206) 322-4048 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 15, 2006 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule 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 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). 1 SCHEDULE 13G (Amendment No. 1) CUSIP NO. 636375 10 7 - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Gregory P. Kusnick - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a) [_] (b) [_] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 0 - -------------------------------------------------------------------------------- 6) SHARED VOTING POWER 581,200* - -------------------------------------------------------------------------------- 7) SOLE DISPOSITIVE POWER 0 NUMBER OF -------------------------------------------------------- SHARES 8) SHARED DISPOSITIVE POWER BENEFICIALLY OWNED BY 581,200* EACH -------------------------------------------------------- REPORTING 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON WITH REPORTING PERSON 581,200* -------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.3%** - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- * This amount includes: (i) 481,200 shares of the Company's common stock, $.01 par value per share (the "Common Stock") issuable upon conversion of the Company's Series A Convertible Preferred Stock (the "Preferred Stock"); and (ii) warrants to purchase 100,000 shares of Common Stock. ** Calculated after including the above referenced shares of Common Stock issuable upon conversion of the Preferred Stock and exercise of the warrants in the numerator and the denominator. 2 SCHEDULE 13G (Amendment No. 1) CUSIP NO. 636375 10 7 - -------------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Karen Jo Gustafson - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a)[_] (b)[_] - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- 5) SOLE VOTING POWER 0 - -------------------------------------------------------------------------------- 6) SHARED VOTING POWER 581,200* - -------------------------------------------------------------------------------- 7) SOLE DISPOSITIVE POWER 0 NUMBER OF -------------------------------------------------------- SHARES 8) SHARED DISPOSITIVE POWER BENEFICIALLY OWNED BY 581,200* EACH -------------------------------------------------------- REPORTING 9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON WITH REPORTING PERSON 581,200* -------------------------------------------------------- 10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES - -------------------------------------------------------------------------------- 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.3%** - -------------------------------------------------------------------------------- 12) TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- * This amount includes: (i) 481,200 shares of the Company's common stock, $.01 par value per share (the "Common Stock") issuable upon conversion of the Company's Series A Convertible Preferred Stock (the "Preferred Stock"); and (ii) warrants to purchase 100,000 shares of Common Stock. ** Calculated after including the above referenced shares of Common Stock issuable upon conversion of the Preferred Stock and exercise of the warrants in the numerator and the denominator. 3 SCHEDULE 13G (Amendment No. 1) Item 1(a). Name of Issuer: National Holdings Corporation Item 1(a). Address of Issuer's Principal Executive Offices: 875 North Michigan Avenue, Suite 1560, Chicago, IL 60611 Item 2(a) and (b). Name of Person Filing and Address of Principal Business or Office Or, If None, Residence: Gregory P. Kusnick 715 Second Ave Unit 1904 Seattle, WA 98104 Karen Jo Gustafson 715 Second Ave Unit 1904 Seattle, WA 98104 Item 2(c). Citizenship: Gregory P. Kusnick United States Karen Jo Gustafson United States Item 2(d). Title of Class of Securities: Common Stock ITEM 2(e). CUSIP Number: 636375 10 7 Item 3. If This Statement is Filed Pursuant to Rules 13D-1(b), or 13D-2(b) or (c), 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 of 1940. (e) [_] An investment adviser in accordance with Rule 13d-1(b)(1) (ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [_] A parent holding company or control person in accordance with Rule 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); 4 (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 (j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership: (a) Amount beneficially owned: See responses to Item 9 of the cover pages (b) Percent of class: See responses to Item 11 of the cover pages (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: See responses to Item 5 of the cover pages. (ii) Shared power to vote or to direct the vote: See responses to Item 6 of the cover pages. (iii) Sole power to dispose or to direct the disposition of: See responses to Item 7 of the cover pages. (iv) Shared power to dispose or to direct the disposition of: See responses to Item 8 of the cover pages. 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. dentification and Classification of the Subsidiary Which Acquired the Security Being Reported On by the Parent Holding Company or Control Person: Not Applicable Item 8. Dentification and Classification of Members of the Group: Not Applicable 5 Item 9. Notice of Dissolution of Group: Not Applicable 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 the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 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. Dated: March 17, 2006 /s/ Gregory P. Kusnick - ----------------------- Gregory P. Kusnick /s/ Karen Jo Gustafson - ---------------------- Karen Jo Gustafson 6 Exhibit 1 Joint Filing Statement Statement Pursuant to Rule 13D-1(k)(1) The undersigned hereby consent and agree to file a joint statement on Schedule 13G/A under the Securities Exchange Act of 1934, as amended, with respect to shares of common stock of National Holdings Corporation beneficially owned by them, together with any or all amendments thereto, when and if appropriate. The parties hereto further consent and agree to file this Statement Pursuant to Rule 13d-1(k)(1)(iii) as an exhibit to Schedule 13G/A, thereby incorporating the same into such Schedule 13G/A. Dated: March 17, 2006 /s/ Gregory P. Kusnick - ---------------------- Gregory P. Kusnick /s/ Karen Jo Gustafson - ---------------------- Karen Jo Gustafson -----END PRIVACY-ENHANCED MESSAGE-----