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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
WEB STREET, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
947336 10 3
(CUSIP Number)
December 31, 1999
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
-
[x] Rule 13d-1(c)
-
[ ] Rule 13d-1(d)
-
*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
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).
CUSIP NO. 947336 10 3
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NAME OF REPORTING PERSON.
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON.
Rodney R. Schoemann
###-##-####
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Louisiana
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SOLE VOTING POWER
5
NUMBER OF 2,241,668
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 2,241,668
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
2,241,668
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 (SEE INSTRUCTIONS)
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
8.7%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
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Item 1 Issuer
(a) Web Street, Inc.
(b) 510 Lake Cook Road
Deerfield, Illinois 60015
Item 2 Persons Filing
(a) Name of Persons Filing:
Rodney R. Schoemann, Sr.
(b) Address of Principal Offices:
3904 Wheat Drive
Metairie, Louisiana 70002
(c) Citizenship:
Louisiana
(d) Title of Class of Securities:
Common Stock, par value $.01 per share
(e) CUSIP Number
947336 10 3
Item 3. Not Applicable
Item 4. Ownership.
Please see Items 5, 6, 7, 8, 9, and 11 on cover sheet.
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.
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Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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.
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RODNEY R. SCHOEMANN
Date: February 13, 2000
