SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
GORMAN JOHN JOSEPH

(Last) (First) (Middle)
2700 VIA FORTUNA, SUITE 400

(Street)
AUSTIN TX 78746

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
09/09/2004
3. Issuer Name and Ticker or Trading Symbol
DIGITAL LIFESTYLES GROUP INC [ DLFG ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 2,407,514 D
Common Stock 1,445,086 I Held through the Ryleigh Gorman Trust, of which the Reporting Person's spouse is the sole trustee
Common Stock 1,445,086 I Held through John Joseph Gorman V Trust of which the Reporting Person's spouse is the sole trustee
Common Stock 450,867 I Held by Tejas Securities Group, Inc.(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant 09/09/2004 (2) Common Stock 1,203,757 $0.475 D
Warrant 09/09/2004 (2) Common Stock 722,543 $0.475 I Held through the Ryleigh Gorman Trust, of which the Reporting Person's spouse is sole trustee
Warrant 09/09/2004 (2) Common Stock 722,543 $0.475 I Held through John Joseph Gorman V Trust of which the Reporting Person's spouse is the sole trustee
Warrant 09/09/2004 (2) Common Stock 225,433 $0.475 I Held by Tejas Securities Group, Inc.(1)
Warrant 09/09/2004 (2) Common Stock 1,000,000 $0.475 I Held by Westech Capital Corporation(1)
Explanation of Responses:
1. John Joseph Gorman beneficially owns approximately 58% of the Common Stock of Westech Capital Corporation and, as a result, may be deemed to beneficially own the shares of Common Stock of the Issuer that are beneficially owned by Westech Capital Corporation. Westech Capital Corporation has voting and dispositive power with respect to a Warrant to purchase 1,000,000 shares of Common Stock of the Issuer. Westech Capital Corporation and Tejas Securities Group, Inc., a wholly-owned subsidiary of Westech Capital Corporation, share voting and dispositive power with respect to 450,865 shares of Common Stock of the Issuer (which is held by Tejas Securities Group) and warrant to purchase 225,443 shares of Common Stock of the Issuer (which is held by Tejas Securities Group, Inc.). The filing of this Form 3 shall not be construed as an admission that Mr. Gorman is the beneficial owner of any of the securities of the Issuer mentioned in this footnote.
2. The Warrant will expire two years after the registration statement under the Securities Act of 1933, as amended, registering the shares of Common Stock issuable upon exercise of the Warrants is declared effective. Pursuant to a Registration Rights Agreement, the Issuer has agreed to register these shares of Common Stock.
/s/ John Joseph Gorman 09/20/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.