-----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, Jtepa5Tv48ft9pBE46LkRe1DdO/pFlZ1qknpOeG6F8PLhZK2r8m6FzP7K2iKeB1b CY80cVvyEeWIs0BiDsjBoA== 0000889812-99-000489.txt : 19990212 0000889812-99-000489.hdr.sgml : 19990212 ACCESSION NUMBER: 0000889812-99-000489 CONFORMED SUBMISSION TYPE: 5 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990211 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MAXCOR FINANCIAL GROUP INC CENTRAL INDEX KEY: 0000931707 STANDARD INDUSTRIAL CLASSIFICATION: LOAN BROKERS [6163] IRS NUMBER: 593262958 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 5 SEC ACT: SEC FILE NUMBER: 000-25056 FILM NUMBER: 99532542 BUSINESS ADDRESS: STREET 1: TWO WORLD TRADE CTR STREET 2: 84TH FL CITY: NEW YORK STATE: NY ZIP: 10048 BUSINESS PHONE: 2127487000 MAIL ADDRESS: STREET 1: TWO WORLD TRADE CENTER STREET 2: 84TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10048 FORMER COMPANY: FORMER CONFORMED NAME: FINANCIAL SERVICES ACQUISITION CORP /DE/ DATE OF NAME CHANGE: 19941020 COMPANY DATA: COMPANY CONFORMED NAME: SCHARF GILBERT D CENTRAL INDEX KEY: 0000936895 STANDARD INDUSTRIAL CLASSIFICATION: [] OWNER FILING VALUES: FORM TYPE: 5 BUSINESS ADDRESS: STREET 1: TWO WORLD TRADE CENTER STREET 2: 84TH FL CITY: NEW YORK STATE: NY ZIP: 10048 MAIL ADDRESS: STREET 1: TWO WORLD TRADE CENTER STREET 2: 84TH FL CITY: NEW YORK STATE: NY ZIP: 10048 5 1 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 / / Check box if no longer subject to Sec- / / Form 3 Holdings Reported tion 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). / / Form 4 Transactions Reported 1. Name and Address of Reporting Person* Scharf Gilbert D. (Last) (First) (Middle) P.O. Box 1124 (Street) Ponte Vedra Beach Florida 32004 (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol Maxcor Financial Group Inc. (Common Stock: "MAXF") 3. I.R.S. Identification Number of Reporting Person, if an Entity (Voluntary) 4. Statement for Month/Year 12/98 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) /X/ Director /X/ 10% Owner /X/ Officer (give title below) / / Other (specify below) President, Chairman of the Board and Chief Executive Officer 7. Individual or Joint/Group Filing (Check applicable line) /X/ Form Filed by One Reporting Person / / Form Filed by More than One Reporting Person *If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). Page 1
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 5. Amount of Secu- rities Bene- ficially 4. Securities Acquired (A) Owned at 6. Ownership 2. Trans- or Disposed of (D) End of Form: action (Instr. 3, 4 and 5) Issuer's Direct 7. Nature of Date 3. Trans- ----------------------------- Fiscal (D) or Indirect (Month/ action (A) Year Indirect Beneficial 1. Title of Security Day/ Code Amount or Price (Instr. (I) Ownership (Instr. 3) Year) (Instr. 8) (D) 3 and 4) (Instr. 4) (Instr. 4) - ----------------------------- ---------- ------------- ------------ --- ---------- ----------- ------------- --------------- a. Common Stock, par value $.001 639,539 D b. Common Stock, par value $.001 411,294 I By Gilbert D. Scharf Living Trust (of which the Reporting Person is sole trustee)
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Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 2. Conver- 5. Number of Deriv- 6. Date Exercisable sion or 3. Trans- ative Securities and Expiration Date Exercise action Acquired (A) or (Month/Day/Year) Price of Date Disposed of (D) ---------------------- Deriv- (Month/ 4. Transac- (Instr. 3, 4, and 5) Date 1. Title of Derivative Security ative Day/ tion Code -------------------------- Exercis- Expiration (Instr. 3) Security Year) (Instr. 8) (A) (D) able Date - ---------------------------------------- ----------- ---------- ------------- ------------ ------------ ---------- ---------- a. Options -- Right to Buy $5.00 8/5/98 D(1) 150,000 (2) 8/26/06 b. Options -- Right to Buy $2.00 8/5/98 A 150,000 (2) 8/26/06 c. Options -- Right to Buy $5.50 8/5/98 D(1) 100,000 (3) 8/26/01 d. Options -- Right to Buy $2.00 8/5/98 A 100,000 (3) 8/26/01 e. Options -- Right to Buy $2.13 8/14/98 A 75,000 (4) 8/13/03 9. Number of 10. Ownership Derivative of Securities Derivative 7. Title and Amount of Underlying Benefi- Security: Securities (Instr. 3 and 4) cially Direct 11. Nature of ---------------------------------------- 8. Price of Owned at (D) or Indirect Amount or Derivative End of Indirect Beneficial 1. Title of Derivative Title Number of Security Year (I) Ownership Security (Instr. 3) Shares (Instr. 5) (Instr. 4) (Instr. 4) (Instr. 4) - --------------------------- --------------------------- ----------- ------------- ------------- -------------- --------------- a. Options -- Right to Buy Common Stock 150,000 D b. Options -- Right to Buy Common Stock 150,000 D c. Options -- Right to Buy Common Stock 100,000 D d. Options -- Right to Buy Common Stock 100,000 D e. Options -- Right to Buy Common Stock 75,000 325,000 D
Explanation of Responses: (1) Cancellation of option in connection with grant of replacement option. (2) The reported transaction involved the repricing of an existing non-qualified stock option, originally granted on August 27, 1996, and providing for vesting in equal 20% increments on each of the 1st, 2nd, 3rd, 4th and 5th anniversaries of the date of original grant. These vesting terms were not amended at the time of repricing (except that the right to an accelerated vesting upon a change of control (as defined) was waived for the twelve-month period following the repricing). (3) The reported transaction involved the repricing of an existing incentive stock option, originally granted on August 27, 1996, and providing for vesting in equal 20% increments on each of the 1st, 2nd, 3rd and 4th anniversaries of the date of original grant and on January 1, 2001. These vesting terms were not amended at the time of repricing (except that the right to an accelerated vesting upon a change of control (as defined) was waived for the twelve-month period following the repricing). (4) The reported transaction involved the grant of an incentive stock option on August 14, 1998, providing for vesting in equal 25% increments on each of the 1st, 2nd, 3rd and 4th anniversaries of the date of grant. /s/ Gilbert D. Scharf February 11, 1999 - --------------------------------------- -------------------------- **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Page 3 -----END PRIVACY-ENHANCED MESSAGE-----