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Phillips Daniel T · SC 13G · Firstplus Financial Group Inc · On 2/14/97

Filed On 2/14/97   ·   Accession Number 899078-97-32   ·   SEC File 5-47527

This Filing's "Filed As Of" Date was Corrected by the SEC on 2/21/97.

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  As Of                Filer                Filing    For/On/As Docs:Size              Issuer               Agent

 2/14/97  Phillips Daniel T                 SC 13G®                1:7K   Firstplus Financial Group Inc     Jenkens & Gilchrist

Statement of Beneficial Ownership   —   Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Schedule 13G - Rac Financial Group, Inc.               5     17K 


Document Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page   -   Filing Submission
3Item 3. Not Applicable
"Item 4. Ownership
4Item 5. Ownership of Five Percent or Less of a Class
"Item 6. Ownership of More than Five Percent on Behalf of Another Person
5Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company
"Item 8. Identification and Classification of Members of the Group
"Item 9. Notice of Dissolution of Group
"Item 10. Certification
SC 13G1st Page of 5TOCTopPreviousNextBottomJust 1st
 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 RAC FINANCIAL GROUP, INC (NAME OF ISSUER) COMMON STOCK, $.01 PAR VALUE (TITLE OF CLASS OF SECURITIES) 749207106 (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 ("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). (Continued on following pages) Page 1 of 5 Pages CORPDAL:61711.1 28835-00003
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CUSIP No. 749207106 Schedule 13G Page 2 of 5 Pages 1 NAME OF REPORTING PERSON DANIEL T. PHILLIPS S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 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 5 SOLE VOTING POWER 4,348,774 This number includes 335,000 shares which are owned by Phillips Partnership. Mr. Phillips has the sole voting NUMBER OF control over the shares through an irrevocable five-year voting proxy.See footnotes 1 and 2 to Item 4 SHARES BENEFICIALLY 6 SHARED VOTING POWER 0 OWNED BY 7 SOLE DISPOSITIVE POWER 4,013,774 EACH REPORTING 8 SHARED DISPOSITIVE POWER 335,000 PERSON WITH 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,348,774 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 17.4% 12 TYPE OF REPORTING PERSON* IN -------- --------- *SEE INSTRUCTION BEFORE FILLING OUT! CORPDAL:61711.1 28835-00003
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CUSIP No. 749207106 Schedule 13G Page 3 of 5 Pages Item 1. (a) Name of Issuer: RAC Financial Group, Inc. (b) Address of Issuer's Principal Executive Offices: 1250 West Mockingbird Lane Dallas, Texas 75247 Item 2. (a) Name of Person Filing: Daniel T. Phillips (b) Address of Principal Business Office or, if none, Residence: 1250 West Mockingbird Lane Dallas, Texas 75247 (c) Citizenship: United States (d) Title of Class of Securities: Common Stock, $.01 par value (e) CUSIP No.: 749207106 Item 3. Not Applicable. Item 4. Ownership. The following information relates to the reporting person's ownership of Common Stock, $.01 par value, of the issuer as of December 31, 1996. CORPDAL:61711.1 28835-00003
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CUSIP No. 749207106 Schedule 13G Page 4 of 5 Pages (a) Amount Beneficially Owned: 4,348,774 (b) Percent of Class: 17.4% (c) Number of Shares as to Which Such Person Has: (i) Sole power to vote or to direct the vote: 4,348,774(1) (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 4,013,774 (iv) shared power to dispose or to direct the disposition of; 335,000(2) Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable. -------- (1) Includes 335,000 shares of Common Stock owned by Phillips Partnership. The general partner of Phillips Partnership is Lenox Investment Corporation ("Lenox"), which is owned 50% by Daniel T. Phillips and 50% by his wife. The limited partners of Phillips Partnership are the Daniel T. Phillips Trust, Daniel T. Phillips and Mr. Phillips' wife. Mr. Phillips has voting control over the shares owned by Phillips Partnership through an irrevocable five-year voting proxy. (2) Mr. Phillips shares dispositive power over the 335,000 shares owned by Phillips Partnership with his wife, due to his and his wife's ownership of Phillips Partnership's general partner. CORPDAL:61711.1 28835-00003
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CUSIP No. 749207106 Schedule 13G Page 5 of 5 Pages 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. Item 9. Notice of Dissolution of Group. Not Applicable. Item 10. Certification. Not Applicable. 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. Date: February 14, 1997 DANIEL T. PHILLIPS By: /s/ Daniel T. Phillips Name: Daniel T. Phillips CORPDAL:61711.1 28835-00003

Dates Referenced Herein   and   Documents Incorporated By Reference

Referenced-On Page
This SC 13G Filing   Date First   Last      Other Filings
12/31/96310-Q
Filed On / Filed As Of2/14/97510-Q
Corrected On2/21/97
 
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Filing Submission 0000899078-97-000032   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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