-----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, AEEWDTDlOY4vggVfv3v72hPIEDdAxDjtoSdRJeQZ41/J23/3xVxLj3I+aW10Ugur sn4FIgAWVN1kPu6PGdYFyA== 0001025894-01-000089.txt : 20010223 0001025894-01-000089.hdr.sgml : 20010223 ACCESSION NUMBER: 0001025894-01-000089 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PAULSON CAPITAL CORP CENTRAL INDEX KEY: 0000704159 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 930589534 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-41542 FILM NUMBER: 1544733 BUSINESS ADDRESS: STREET 1: 811 SW FRONT AVE STREET 2: SUITE 200 CITY: PORTLAND STATE: OR ZIP: 97204 BUSINESS PHONE: 5032436000 MAIL ADDRESS: STREET 1: 811 SW FRONT AVE CITY: PORTLAND STATE: OR ZIP: 97204 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PAULSON CHESTER L F CENTRAL INDEX KEY: 0000898196 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 811 SW NAITO PARKWAY STREET 2: SUITE 200 CITY: PORTLAND STATE: OR ZIP: 97204 BUSINESS PHONE: 5032436000 MAIL ADDRESS: STREET 1: 811 SW NAITO PARKWAY STREET 2: SUITE 200 CITY: PORTLAND STATE: OR ZIP: 97204 SC 13G 1 0001.txt SCHEDULE 13G FOR CHESTER L.F. PAULSON UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ___)* Paulson Capital Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 000703797100 (CUSIP Number) (12/31/00) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [x] 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). Page 1 of 7 pages 13G CUSIP No. 000703797100 Page 2 of 7 pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Chester L.F. Paulson - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 44,000 NUMBER OF --------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,471,443 WITH --------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 44,000 --------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,471,443 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,515,443 - -------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 44.4% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- Page 2 of 7 pages 13G CUSIP No. 000703797100 Page 3 of 7 pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Jacqueline M. Paulson - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 44,000 NUMBER OF --------------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,471,443 WITH --------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 44,000 --------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,471,443 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,515,443 - -------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 44.4% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- Page 3 of 7 pages Item 1. Issuer (a) The name of the Issuer is Paulson Capital Corporation. (b) The Issuer's executive offices are located at 811 S.W. Naito Parkway, Portland, OR 97204. Item 2. Reporting Person and Security (a) This Statement is filed by each of Mr. Chester L.F. Paulson, an individual, and Ms. Jacqueline M. Paulson, an individual. (b) Mr. Paulson's business address is located at Paulson Capital Corporation., 811 S.W. Naito Parkway, Portland, OR 97204. Ms. Paulson's business address is located at Paulson Capital Corporation, Inc., 811 S.W. Naito Parkway, Portland, OR 97204. (c) Mr. Paulson and Ms. Paulson are citizens of the United States of America. (d) This Statement relates to shares of Common Stock of Paulson Capital Corporation. (e) The CUSIP number assigned to the Common Stock of the Issuer is 000703797100. Item 3. Filings Pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (a) / / Broker of dealer registered under Section 15 of the Exchange Act; (b) / / Bank as defined in section 3(a)(6) of the Exchange Act; (c) / / Insurance company as defined in section 3(a)(19) of the Exchange 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)(ii)(G); (h) / / A savings association, as defined in Section 3(b) of the Federal Deposit Insurance Act; (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). If this statement is filed pursuant to Rule 13d-1(c), check this box / / Page 4 of 7 pages Item 4. Ownership (a) Under the rules and regulations of the Securities and Exchange Commission, Mr. Paulson may be deemed to be the beneficial owner of a total of 1,515,443 shares of Issuer Common Stock, which number includes 14,000 shares which are subject to options currently exercisable or exercisable within 60 days of December 31, 2000. Under the rules and regulations of the Securities and Exchange Commission, Ms. Paulson may be deemed to be the beneficial owner of a total of 1,515,443 shares of Issuer Common Stock, which number includes 14,000 shares which are subject to options currently exercisable or exercisable within 60 days of December 31, 2000. Each of Mr. Paulson's and Ms. Paulson's reported amount includes 1,471,443 shares of Issuer Common Stock held in a family trust of which Mr. Paulson and Ms. Paulson are the trustees. Pursuant to SEC Rule 13d-4, (i) Mr. Paulson expressly disclaims beneficial ownership in the shares which Ms. Paulson has the sole power to vote or direct the vote, and (ii) Ms. Paulson expressly disclaims beneficial ownership in the shares which Mr. Paulson has the sole power to vote or direct the vote. Mr. Paulson's reported amount does not include those shares of which Ms. Paulson has the sole power to vote or direct the vote; Ms. Paulson's reported amount does not include those shares of which Ms. Paulson has the sole power to vote or direct the vote. (b) Each of Mr. Paulson's beneficial ownership and of Ms. Paulson's beneficial ownership of Issuer Common Stock represented approximately 44.4% of the 3,402,366 issued and outstanding shares of Issuer Common Stock as of November 3, 2000, as reported in the Issuer's most recently filed quarterly report. (c) (i) Of the total amount of shares beneficially owned by Mr. Paulson, Mr. Paulson has sole power to vote or direct the vote of 44,000 shares. Of the total amount of shares beneficially owned by Ms. Paulson, Ms. Paulson has sole power to vote or direct the vote of 44,000 shares. (ii) Of the total amount of shares beneficially owned by Mr. Paulson, Mr. Paulson has shared power to vote or direct the vote of 1,471,443 shares. Of the total amount of shares beneficially owned by Ms. Paulson, Ms. Paulson has shared power to vote or direct the vote of 1,471,443 shares. (iii) Of the total amount of shares beneficially owned by Mr. Paulson, Mr. Paulson has sole power to dispose or direct the disposition of 44,000 shares. Of the total amount of shares beneficially owned by Ms. Paulson, Ms. Paulson has sole power to dispose or direct the disposition of 44,000 shares. (iv) Of the total amount of shares beneficially owned by Mr. Paulson, Mr. Paulson has shared power to dispose or direct the disposition of 1,471,443 shares. Of the total amount of shares beneficially owned by Ms. Paulson, Ms. Paulson has shared power to dispose or direct the disposition of 1,471,443 shares. 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 Page 5 of 7 pages Not applicable. Item 8. Identification and Classification of Members of the Group Not applicable. Item 9. Notice of Dissolution of Group Not applicable. Item 10. Certification Not applicable. Page 6 of 7 pages 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. February 12, 2001 --------------------------------------- Date /s/Chester L.F. Paulson --------------------------------------- Chester L.F. Paulson February 12, 2001 --------------------------------------- Date /s/Jacqueline M. Paulson --------------------------------------- Jacqueline M. Paulson Pge 7 of 7 Pages -----END PRIVACY-ENHANCED MESSAGE-----