-----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, LkyWT3RuUSwbaYCpMA+7en1jhQHV6/fEa7EEpKCL37wGxsWLgxcs6Mj38xds3H2q WVfgl78cALVwH2/mCwIBug== 0000905718-02-000191.txt : 20020513 0000905718-02-000191.hdr.sgml : 20020513 ACCESSION NUMBER: 0000905718-02-000191 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020513 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ASTA FUNDING INC CENTRAL INDEX KEY: 0001001258 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 223388607 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48772 FILM NUMBER: 02643317 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: STERN GARY CENTRAL INDEX KEY: 0001046401 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 210 SYLVAN AVENUE CITY: ENGLEWOOD CLIFFS STATE: NJ ZIP: 07632 BUSINESS PHONE: 2015675648 MAIL ADDRESS: STREET 1: 210 SYLVAN AVENUE CITY: ENGLEWOOD CLIFFS STATE: NJ ZIP: 07632 SC 13D/A 1 sc13dam3stern0502.txt SCH13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3)* ASTA FUNDING, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 0462220109 - -------------------------------------------------------------------------------- (CUSIP Number) with a copy to: Mitchell Herman John D. Schupper Asta Funding, Inc. Lowenstein Sandler PC 210 Sylvan Avenue 65 Livingston Avenue Englewood Cliffs, New Jersey 07632 Roseland, New Jersey 07068 (201) 567-5648 (973) 597-2500 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 2, 2002 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), (f) or (g), check the following box [ ]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule l3d-7(b) for other parties to whom copies are to be sent. 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). - -------------------------------------------------------------------------------- CUSIP NO. 0462220109 - -------------------------------------------------------------------------------- 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) Source of Funds (See Instructions): N/A - -------------------------------------------------------------------------------- 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): Not Applicable - -------------------------------------------------------------------------------- 6) Citizenship or Place of Organization: USA - -------------------------------------------------------------------------------- Number of 7) Sole Voting Power: 1,518,523* ------------------------------------------- Shares Beneficially 8) Shared Voting Power: 0 ------------------------------------------- Owned by Each Reporting 9) Sole Dispositive Power: 1,518,523* ------------------------------------------- Person With: 10) Shared Dispositive Power: 0 -------------------------------------------- - -------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,518,523 * - -------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): X - -------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11): 36.2% - -------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions): IN - -------------------------------------------------------------------------------- * Includes: i) 180,000 shares of Common Stock issuable upon exercise of options that are exercisable within 60 days of May 9, 2002; ii) 339,426 shares of Common Stock owned by Gary Stern as custodian for his minor children; and iii) 142,761 shares of Common Stock owned by Asta Group, Incorporated ("Group") which shares are attributable to Gary Stern based on his percentage ownership of Group. Excludes 103,000 shares of Common Stock issuable upon exercise of options that are not exercisable within 60 days of May 9, 2002 and; 180,000 shares of Common Stock held by irrevocable trusts for the benefit of his minor children under which Gary Stern is not the trustee. Gary Stern disclaims beneficial ownership of such shares of Common Stock held by the trusts. Gary Stern (the "Reporting Person") hereby amends the Schedule 13D, as previously amended, as of the date hereof, relating to the shares of common stock, par value $.01 per share (the "Common Stock") of Asta Funding, Inc. (the "Company"), as follows: Item 5. Interest in Securities of the Issuer. ------------------------------------ Based upon the information contained in the Company's Annual Report on Form 10KSB/A for the period ending September 30, 2001 and the Company's Quarterly Report on Form 10QSB for the period ending December 31, 2001, there are issued and outstanding 4,019,000 shares of Common Stock. The Reporting Person is deemed to beneficially own 1,518,523 shares of Common Stock or 36.2% of the shares of Common Stock. The reporting person has sole power to vote or direct the vote and sole power to dispose or direct the disposition of the 1,518,523 shares of Common Stock, excluding: (i) 103,000 shares of Common Stock issuable upon exercise of options that are not exercisable within 60 days of May 9, 2002 and; (ii) 180,000 shares of Common Stock held by irrevocable trusts for the benefit of his minor children under which Gary Stern is not the trustee. Gary Stern disclaims beneficial ownership of such shares of Common Stock held by the trusts. The following table details the transactions by the reporting persons or entities controlled by the reporting person in the Common Stock in the past sixty (60) days: Date Quantity Price Transaction Type ---- -------- ----- ---------------- 12/11/01 130,000 -- Gifted to trust for benefit of minor children 01/02/02 50,000 -- Gifted to trust for benefit of minor children 01/15/02 5,000 -- Gifted to charity SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. May 10, 2002 By: /s/ Gary Stern ------------------------------------- Gary Stern Gary Stern / Chief Executive Officer ------------------------------------ Name / Title ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----