X0202 4 2006-05-25 0 0000857501 JACOBS FINANCIAL GROUP, INC. JFGI 0001142054 JACOBS JOHN M 300 SUMMERS ST STE 970 CHARLESTON WV 25301 1 1 1 0 President Common Stock, par value $0.0001 per share 7453416 D Stock Options 0.07 2006-05-25 4 A 0 12500000 0.07 A 2011-05-24 Common Shares 12500000 12500000 D Shares held jointly with spouse, Kathleen Jacobs. 2,500,000 are exercisable immediately and 2,500,000 become exercisable on each of January 1, 2007; January 1, 2008; January 1, 2009; January 1, 2010; and January 1, 2011. /s/John M. Jacobs 2006-06-01