UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
CAPITAL TITLE GROUP, INC.
-------------------------
(Name of Issuer)
Common Stock, $.001 par value
-----------------------------
(Title of Class of Securities)
140919 10 1
-----------
(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).
<PAGE>
SCHEDULE 13G
- --------------------- -----------------
CUSIP NO. 140919 10 1 PAGE 2 OF 8 PAGES
- --------------------- -----------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
THEO F. LAMB
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
N/A (b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
2,225,205
NUMBER OF ------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 2,225,205
PERSON ------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,225,205
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
N/A
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.6%, based upon 10,316,029 shares outstanding at 12/31/96.
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13G
- --------------------- -----------------
CUSIP NO. 140919 10 1 PAGE 3 OF 8 PAGES
- --------------------- -----------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
THE LAMB TRUST DATED OCTOBER 11, 1983
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
N/A (b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Arizona
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
2,225,205
NUMBER OF ------------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY ------------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 2,225,205
PERSON ------------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,225,205
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
N/A
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
21.6%, based upon 10,316,029 shares outstanding at 12/31/96.
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1(A) NAME OF ISSUER:
Capital Title Group, Inc.
ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
4808 North 22nd Street
Phoenix, Arizona 85016
ITEM 2(A) NAME OF PERSON FILING:
The persons filing this Schedule 13G are: *
(1) Theo F. Lamb
(2) The Lamb Trust Dated October 11, 1983
---------
* Attached to this Schedule 13G as Exhibit 1 is a Joint Filing
Agreement between the persons specified above that this
Schedule 13G is being filed on behalf of each of them.
ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The principal business address of the persons filing this
Schedule 13G is 4808 North 22nd Street, Phoenix, Arizona 85016
ITEM 2(C) CITIZENSHIP:
Theo F. Lamb is a citizen of the United States. The Lamb Trust was
formed under the laws of the State of Arizona.
ITEM 2(D) TITLE OF CLASS OF SECURITIES:
Common Stock, $.001 par value
ITEM 2(E) CUSIP NUMBER:
140919 10 1
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:
(a) / / Broker or Dealer registered under Section 15 of the Act
(b) / / Bank as defined in Section 3(a)(6) of the Act
(c) / / Insurance Company as defined in Section 3(a)(19) of the Act
(d) / / Investment Company registered under Section 8 of the
Investment Company Act
(e) / / Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
Page 4 of 8 Pages
<PAGE>
(f) / / Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act
of 1974 or Endowment Fund; see ss.240.13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with ss.240.13d-1(b)
(1)(ii)(G)(NOTE: See Item 7)
(h) / / Group, in accordance with ss.240.13d-1(b)(1)(ii)(H)
Not applicable.
ITEM 4. OWNERSHIP.
(A) AMOUNT BENEFICIALLY OWNED:
Theo F. Lamb is the beneficial owner of the 2,225,205 shares of
Common Stock of the Company held by The Lamb Trust of which Mr. Lamb
is the Trustee and a beneficiary. Such amount does not include
options to purchase 15,000 shares of Common Stock granted to Mr.
Lamb on September 1, 1996 pursuant to the Company's 1996 Stock
Option Plan. Such options are exercisable: 50% two years from the
date of grant and the remaining 50% three years from the date of
grant.
The Lamb Trust is the beneficial owner of 2,225,205 shares.
(B) PERCENT OF CLASS:
The 2,225,205 shares reported as beneficially owned by Theo F. Lamb
are equal to 21.6% of the issued and outstanding shares of Common
Stock of the Company on December 31, 1996. The 2,225,205 shares held
by The Lamb Trust are equal to 21.6% of such issued and outstanding
shares.
(C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(1) Theo F. Lamb
(i) sole power to vote or direct the vote: 2,225,205
(ii) shared power to vote or direct the vote: 0
(iii) sole power to dispose or direct the disposition of:
2,225,205
(iv) shared power to dispose or direct the disposition of: 0
(2) The Lamb Trust
(i) sole power to vote or direct the vote: 2,225,205
(ii) shared power to vote or direct the vote: 0
(iii) sole power to dispose or direct the disposition of:
2,225,205
(iv) shared power to dispose or direct the disposition of: 0
Page 5 of 8 Pages
<PAGE>
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 / /.
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.
Page 6 of 8 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 12, 1997 /s/ Theo F. Lamb
-------------------------------------
THEO F. LAMB
THE LAMB TRUST DATED OCTOBER 11, 1983
Dated: February 12, 1997 By: /s/ Theo F. Lamb
-----------------------------------
Theo F. Lamb, Trustee
Page 7 of 8 Pages
<PAGE>
EXHIBIT 1
JOINT FILING AGREEMENT
THEO F. LAMB and THE LAMB TRUST DATED OCTOBER 11, 1983 hereby agree and
consent to the joint filing on their behalf of the foregong Schedule 13G
relating to their beneficial ownership of the Common Stock of Capital Title
Group, Inc.
Dated: February 12, 1997 /s/ Theo F. Lamb
--------------------------------------
THEO F. LAMB
THE LAMB TRUST DATED OCTOBER 11, 1983
Dated: February 12, 1997 By: /s/ Theo F. Lamb
-----------------------------------
Theo F. Lamb, Trustee
Page 8 of 8 Pages
