SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
DELTA FINANCIAL CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
247918 10 5
(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).
Page 1 of 5 Pages
<PAGE>
SCHEDULE 13G
- -----------------------------------------------------------------------------
CUSIP No. 247918 10 5 Page 2 of 5 Pages
- -----------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hugh I. Miller
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) / X /
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
5 SOLE VOTING POWER
1,495,552
NUMBER OF
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 4,119,451
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 1,495,552
WITH
8 SHARED DISPOSITIVE POWER
4,119,451
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,615,003
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ X /
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
36.8%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 3 of 5 Pages
ITEM 1(A). NAME OF ISSUER.
Delta Financial Corporation
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
1000 Woodbury Road
Suite 200
Woodbury, New York 11797
ITEM 2(A). NAME OF PERSON FILING.
Hugh I. Miller
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE,
OR, IF NONE, RESIDENCE.
1000 Woodbury Road
Suite 200
Woodbury, New York 11797
ITEM 2(C). CITIZENSHIP.
U.S.A.
ITEM 2(D). TITLE OF CLASS OF SECURITIES.
Common Stock
ITEM 2(E). CUSIP NO.
247918 10 5
ITEM 3. Not Applicable.
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned: 5,615,003(1). Of
these, 1,493,164 shares are owned by Mr.
Miller; 2,388 shares are held by Mr. Miller
as custodian for his son and daughter under
UGMA; 1,962,774 shares are held by the
Sidney A. Miller Grantor Retained Annuity
Trust, of which Mr. Miller is a trustee;
and 2,156,677 shares are held by the Rona
V. Miller Grantor Retained Annuity Trust,
of which Mr. Miller is a trustee.
- --------
1 The aggregate amount beneficially owned excludes 1,194 shares which
are held by Mr. Miller's wife. The reporting person disclaims
beneficial ownership of these shares, and this report shall not be
deemed an admission that the reporting person is the beneficial
owner of these shares for the purposes of Section 13 or for any
other purpose.
<PAGE>
(b) Percent of Class:
36.8%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct
the vote: 1,495,552
(ii) Shared power to vote or to direct
the vote: 4,119,451
(iii) Sole power to dispose or to
direct the disposition of:
1,495,552
(iv) Shared power to dispose or to
direct the disposition of:
4,119,451
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.
Page 4 of 5 Pages
<PAGE>
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.
FEBRUARY 21, 1997
Date
/s/ Hugh I Miller
Signature
Hugh I. Miller
Name/Title
