UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment Number 1)
Under the Securities Exchange Act of 1934
FIRSTPLUS FINANCIAL GROUP, INC.
(Name of Issuer)
Common Stock, $.01 Par Value
(Title of Class of Securities)
749207 10 6
(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 7 Pages
<PAGE>
CUSIP No. 749207 10 6 Schedule 13G Page 2 of 7 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) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 4,585,206
SHARES This number includes 4,518,540 shares
which are owned by Phillips Partnership.
BENEFICIALLY Mr. Phillips has the sole voting control
over the shares through an irrevocable
OWNED BY five-year voting proxy. See footnotes
1 and 2 to Item 4.
EACH --------------------------------------------------
6 SHARED VOTING POWER
REPORTING
0
PERSON WITH --------------------------------------------------
7 SOLE DISPOSITIVE POWER
66,666
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,518,540
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,585,206
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.3%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 140475 10 4 Schedule 13G Page 3 of 7 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON Phillips Partnership
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
SHARES --------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING --------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,518,540
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,518,540
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
CUSIP No. 749207 10 6 Schedule 13G Page 4 of 7 Pages
Item 1.
(a) Name of Issuer:
--------------
FIRSTPLUS Financial Group, Inc.
(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
1600 Viceroy Drive
Dallas, Texas 75235
Item 2.
(a) Name of Person Filing:
---------------------
Daniel T. Phillips
Phillips Partnership
(b) Address of Principal Business Office or, if none, Residence:
-----------------------------------------------------------
1600 Viceroy Drive
Dallas, Texas 75235
1600 Viceroy Drive
Dallas, Texas 75235
(c) Citizenship:
-----------
Daniel T. Phillips - United States
Phillips Partnership - Texas
(d) Title of Class of Securities:
Common Stock, $.01 par value
(e) CUSIP No.:
749207 10 6
Item 3. Not Applicable.
<PAGE>
CUSIP No. 749207 10 6 Schedule 13G Page 5 of 7 Pages
Item 4. Ownership.
---------
<TABLE>
<CAPTION>
The following information relates to the reporting person's ownership of
Common Stock, $.01 par value, of the issuer as of December 31, 1997.
Daniel T. Phillips Phillips Partnership
------------------ --------------------
<S> <C> <C>
(a) Amount Beneficially Owned: 4,585,206 4,518,540
-------------------------
(b) Percent of Class: 12.3% 12.1%
----------------
(c) Number of Shares as to
----------------------
Which Such Person Has:
---------------------
(i) Sole power to vote or 4,585,206(1) 0
to direct the vote:
(ii) shared power to vote 0 0
or to direct the vote:
(iii) sole power to dispose 66,666 0
or to direct the
disposition of:
(iv) shared power to 4,518,540(2) 4,518,540(2)
dispose or to direct
the disposition of:
</TABLE>
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 [ ].
- --------
(1) Includes 4,518,540 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 Merlene M. Phillips, 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 4,518,540 shares owned by
Phillips Partnership with his wife, due to his and his wife's ownership of
Phillips Partnership's general partner.
<PAGE>
CUSIP No. 749207 10 6 Schedule 13G Page 6 of 7 Pages
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
---------------------------------------------------------------
Not Applicable.
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 13,1998
DANIEL T. PHILLIPS
By: /s/ Daniel T. Phillips
--------------------------------
Name: Daniel T. Phillips
PHILLIPS PARTNERSHIP
By: Lenox Investment Corporation
By: /s/ Daniel T. Phillips
--------------------------
Authorized Signatory
<PAGE>
CUSIP No. 749207 10 6 Schedule 13G Page 7 of 7 Pages
EXHIBIT A
Joint Filing Agreement
In accordance with Rule 13d-1(f) promulgated under the Securities Exchange
Act of 1934, as amended, the persons named below agree to the joint filing on
behalf of each of them of a statement on Schedule 13G (including amendments
thereto) with respect to the shares of Common Stock of FIRSTPLUS Financial
Group, Inc. and further agree that this Joint Filing Agreement be included as an
exhibit to such joint filing. Each party to this Joint Filing Agreement
expressly authorizes each other party to file on its behalf any and all
amendments to such statement.
Date: February 13, 1998
DANIEL T. PHILLIPS
By: /s/ Daniel T. Phillips
--------------------------------
Name: Daniel T. Phillips
PHILLIPS PARTNERSHIP
By: Lenox Investment Corporation
By: /s/ Daniel T. Phillips
----------------------
Authorized Signatory
