-----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, DtED9msJDfKxMU7bLJHLPSaGQH5+M7LSZhfOwmv91kc8lDLkw3IJbsoqZxMjmY8d tpZ3hkEyVKmlqQ5G1rLVtg== 0000854711-98-000005.txt : 19980323 0000854711-98-000005.hdr.sgml : 19980323 ACCESSION NUMBER: 0000854711-98-000005 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980319 SROS: AMEX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FINANCIAL FEDERAL CORP CENTRAL INDEX KEY: 0000854711 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159] IRS NUMBER: 880244792 STATE OF INCORPORATION: NV FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-42523 FILM NUMBER: 98568947 BUSINESS ADDRESS: STREET 1: 400 PARK AVE STREET 2: 8TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128883344 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PALITZ CLARENCE Y CENTRAL INDEX KEY: 0000925540 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 25 RUTHERFORD ROAD STREET 2: P O BOX I CITY: ALLAMUCH STATE: NJ ZIP: 07820 BUSINESS PHONE: 2036291400 MAIL ADDRESS: STREET 1: 25 RUTHERFORD ROAD STREET 2: P O BOX I CITY: ALLAMUCHY STATE: NJ ZIP: 07820 SC 13G 1 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 SCHEDULE 13G INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2 Under the Securities Exchange Act of 1934 (Amendment No. 3)* FINANCIAL FEDERAL CORPORATION (Name of Issuer) COMMON STOCK (Title of Class of Securities) 317492106 (CUSIP Number) _________________ _______________ *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 (the "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 SCHEDULE 13G CUSIP No. 317492106 PAGE 2 OF 7 PAGES 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Clarence Y. Palitz, Jr. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [] (b) [] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER 5 SOLE VOTING POWER 230,625 OF SHARES BENEFICIALLY 6 SHARED VOTING POWER 3,661,000 OWNED BY EACH 7 SOLE DISPOSITIVE POWER 230,625 REPORTING PERSON WITH 8 SHARED DISPOSITIVE POWER 3,661,000 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,891,625 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 25.0% 12 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G CUSIP No. 317492106 PAGE 3 OF 7 PAGES 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON CYP, INC. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [] (b) [] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Wyoming NUMBER 5 SOLE VOTING POWER 0 OF SHARES BENEFICIALLY 6 SHARED VOTING POWER 3,661,000 OWNED BY EACH 7 SOLE DISPOSITIVE POWER 0 REPORTING PERSON WITH 8 SHARED DISPOSITIVE POWER 3,661,000 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,661,000 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 23.8% 12 TYPE OF REPORTING PERSON* CO *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G CUSIP No. 317492106 PAGE 4 OF 7 PAGES 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON C.M.S. FAMILY ASSOCIATES LIMITED PARTNERSHIP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [] (b) [] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Wyoming NUMBER 5 SOLE VOTING POWER 0 OF SHARES BENEFICIALLY 6 SHARED VOTING POWER 3,632,875 OWNED BY EACH 7 SOLE DISPOSITIVE POWER 0 REPORTING PERSON WITH 8 SHARED DISPOSITIVE POWER 3,632,875 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,632,875 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 23.7% 12 TYPE OF REPORTING PERSON* PN *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 317492106 Page 5 of 7 Pages Item 1 (a) Name of Issuer FINANCIAL FEDERAL CORPORATION (b) Address of Issuer's Principal Executive Offices 400 Park Avenue, 8th Floor, New York, NY 10022 Item 2 (a) Name of Person Filing (b) Address of Principal Business Office or, if none, Residence: Clarence Y. Palitz, Jr. 25 Rutherford Road/P. O. Box I Allamuchy, NJ 07820 CYP, INC. 25 Rutherford Road/P. O. Box I Allamuchy, NJ 07820 C.M.S. Family Associates 25 Rutherford Road/P. O. Box I Limited Partnership Allamuchy, NJ 07820 (c) Citizenship: See Item 4 of Pages 2, 3 and 4 (d) Title of Class of Securities Common Stock (e) CUSIP Number: 317492106 Item 3 If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: Not applicable. CUSIP No. 317492106 Page 6 of 7 Pages Item 4 Ownership (a) Amount Beneficially Owned See Item 9 of pages 2, 3 and 4 (b) Percent of Class See Item 11 of pages 2, 3 and 4 (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: See Item 5 of pages 2, 3 and 4 (ii) shared power to vote or to direct the vote: See Item 6 of pages 2, 3 and 4 (iii) sole power to dispose or to direct the disposition of: See Item 7 of pages 2, 3 and 4 (iv) shared power to dispose or to direct the disposition of: See Item 8 of pages 2, 3 and 4 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 The partners of C.M.S. Family Associates Limited Partnership are, by attribution, Clarence, Michael and Suzanne Palitz. Under certain circumstances the partners may receive ultimate proceeds from the sale and/or dividends of securities. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable Item 8 Identification and Classification of Members of the Group Not Applicable CUSIP No. 317492106 Page 7 of 7 Pages Item 9 Notice of Dissolution of Group Not Applicable Item 10 Certification Not Applicable _____________________________________________________________________ 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. 2/9/98 [Date] /s/ Clarence Y. Palitz, Jr. [Signature] Clarence Y. Palitz, Jr. [Name, Title] The undersigned hereby agree that for the Schedule 13G for the calendar year ended December 31, 1997 said schedule may be filed on our behalf and included in the one filing of Schedule 13G, pursuant to Rule 13d-1(f)(1). C.M.S. Family Associates Limited Partership By: /s/ Clarence Y. Palitz, Jr. CYP, Inc., Managing General Partner Clarence Y. Palitz, Jr., President CYP, Inc. By: /s/ Clarence Y. Palitz, Jr. Clarence Y. Palitz, Jr., President By: /s/ Clarence Y. Palitz, Jr. Clarence Y. Palitz, Jr. -----END PRIVACY-ENHANCED MESSAGE-----