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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934*
The Leap Group, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
521862 10 2
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(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 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).
SEC 1745 (2-95)
Page 1 of 6 pages
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CUSIP NO. 521862 10 2 13G PAGE 2 OF 6 PAGES
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NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Frederick Smith
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
Not Applicable (b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
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SOLE VOTING POWER
5
NUMBER OF 2,250,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
150,000(a)
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 2,250,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
150,000(a)
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,400,000(a)
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
No [_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
17.6%
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TYPE OF REPORTING PERSON*
12
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
(a) Includes 150,000 shares held by trusts for Mr. Smith's children, for which
Mr. Smith, as co-trustee, shares voting and investment power.
SEC 1745 (2-95) Page 2 of 6 pages
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Item 1(a) Name of Issuer:
The Leap Group, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
22 West Hubbard Street
Chicago, Illinois 60610
Item 2(a) Name of Person Filing:
Frederick Smith
Item 2(b) Address of Principal Business Office or, if None, Residence:
22 West Hubbard Street
Chicago, Illinois 60610
Item 2(c) Citizenship:
United States
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e) CUSIP Number:
521862 10 2
Item 3. Type of Person:
Not Applicable
SEC 1745 (2-95)
Page 3 of 6 pages
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Item 4. Ownership:
(a) Amount Beneficially Owned:
2,400,000(1)
(b) Percent of Class:
17.6%(1)
(c) Number of shares as to which each person has:
(i) Sole power to vote or to direct the vote:
2,250,000
(ii) Shared power to vote or to direct the vote:
150,000(1)
(iii) Sole power to dispose or to direct the disposition
of:
2,250,000
(iv) Shared power to dispose or to direct the disposition
of:
150,000(1)
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(1) Includes 150,000 shares held by trusts for Mr. Smith's children, for which
Mr. Smith, as co-trustee, shares voting and investment power.
SEC 1745 (2-95) Page 4 of 6 pages
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Item 5. Ownership of Five Percent or less of a Class:
Not applicable
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
SEC 1745 (2-95) Page 5 of 6 pages
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SIGNATURE
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 12, 1997
/s/ Frederick Smith
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Frederick Smith
SEC 1745 (2-95)
Page 6 of 6 pages
