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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
LOISLAW.COM, INC.
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(Name of Issuer)
COMMON STOCK, $0.001 PAR VALUE
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(Title of Class of Securities)
541431-10-2
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(CUSIP Number)
SEPTEMBER 29, 1999
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(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)
[ ] Rule 13d-1 (c)
[X] 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 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).
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Schedule 13G
CUSIP No. 541431-10-2
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1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
KYLE D. PARKER
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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5 SOLE VOTING POWER
NUMBER OF
3,670,800*
SHARES -----------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
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EACH
7 SOLE DISPOSITIVE POWER
REPORTING
3,119,200
PERSON -----------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
551,600*
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,670,800*
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[_]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
17.5%
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12 TYPE OF REPORTING PERSON (See Instructions)
IN
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* The reporting person disclaims beneficial ownership of 551,600 shares
pursuant to Rule 13d-4, except to the extent that he may be deemed to have a
pecuniary interest therein. See Item 6 herein.
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Item 1.
(a) Name of Issuer: Loislaw.com, Inc.
(b) Address of Issuer's Principal Executive Offices:
105 North 28th Street
Van Buren, Arkansas 72956
Item 2.
(a) Name of Person(s) Filing:
Kyle D. Parker
(b) Address of Principal Business Office or, if none, Residence:
105 North 28th Street
Van Buren, Arkansas 72956
(c) Citizenship:
United States
(d) Title of Class of Securities:
Common Stock, $0.001 par value
(e) CUSIP Number:
541431-10-2
Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or
(c), check whether the person filing is a:
Not applicable.
(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C.
78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with (S)240.13d-1(b)(1)(ii)(E);
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(f) [ ] An employee benefit plan or endowment fund in accordance with
(S)240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
(S)240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of
1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with (S)240.13d-1(b)(1)(ii)(J).
Item 4. Ownership
Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 3,670,800*
(b) Percent of class: 17.5%
(c) Number of shares as to which each person has:
(i) sole power to vote or to direct the vote: 3,670,800
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of: 3,119,200
(iv) shared power to dispose or to direct the disposition of: 551,600
*Consists of 1,119,200 shares held of record by the reporting person,
2,000,000 shares held by a limited partnership in which an entity owned by
him is the sole general partner and 551,600 shares held by the Parker
Trust, of which he is the trustee. Under the terms of the Parker Trust,
he has sole voting power over all shares held by the trust. The reporting
person disclaims beneficial ownership of the 551,600 shares held by the
Parker Trust, except to the extent that he may be deemed to have a
pecuniary interest therein. See Item 6.
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
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Item 6. Ownership of More than Five Percent on Behalf of Another Person
The 551,600 shares held by the Parker Trust are beneficially owned by an
officer of the issuer, who has a presently exercisable option to purchase
280,000 shares from the trust, and another employee of the issuer, who
beneficially owns the other 271,600 shares. The reporting person has a
right of first refusal to purchase such 271,600 shares upon the employee's
resignation, termination, incapacity or death. Pursuant to Rule 13d-4,
the reporting person declares that the inclusion of such 551,600 shares in
this report shall not be construed as an admission that the reporting
person is, for the purposes of Section 13(d) or 13(g) of the Securities
Exchange Act of 1934, the beneficial owner of such shares, except to the
extent that he may be deemed to have a pecuniary interest therein.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control
Person
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. Certifications
Not applicable.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Dated: February 11, 2000 /s/ KYLE D. PARKER
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Signature
Kyle D. Parker
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Name
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