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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. N/A)
Austin Funding.com Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
05222N 10 0
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(CUSIP Number)
Mr. Jack A. Selman
Selman & Munson, P.C.
111 Congress Avenue, Austin, Texas 78701
(512)505-5955
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications
September 21, 1999
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
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CUSIP No. 05222N 10 0
1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons
(entities only): Terry G. Hartnett.
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
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(b)
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3) SEC Use Only
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4) Source of Funds (See Instructions) PF
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5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
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6) Citizenship or Place of Organization United States
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Number of 7) Sole Voting Power 2,266,291
Shares
Beneficially 8) Shared Voting Power _________________________
Owned
by Each 9) Sole Dispositive Power 2,266,291
Reporting
Person 10) Shared Dispositive Power ____________________
With
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11) Aggregate Amount Beneficially Owned by Each Reporting Person
2,266,291
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12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares(See
Instructions)
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13) Percent of Class Represented by Amount in Row (11) 10.6%
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14) Type of Reporting Person (See Instructions) IN
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SCHEDULE 13D
Item 1. Security and Issuer:
This statement relates to shares of Common Stock, $0.01 par value,
issued by Austin Funding.com Corporation ("AFC"), a Nevada corporation, whose
principal executive offices are at 823 Congress Avenue, Suite 515, Austin, Texas
78701.
Item 2. Identity and Background:
This statement is filed by Terry G. Hartnett (the "Reporting Person"),
who also serves as the Chief Financial Officer of AFC. The business address of
the Reporting Person is 823 Congress Avenue, Suite 515, Austin, Texas 78701.
During the last five years, the Reporting Person has not been convicted in a
criminal proceeding nor been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction resulting in any judgment, decree
or final order enjoining violations or prohibiting or mandating action with
respect to any federal or state securities laws, or containing any finding of
any violation of any such laws. The Reporting Person is a citizen of the United
States of America.
Item 3. Source and Amount of Funds for Other Consideration:
In 1997, Mr. Hartnett purchased 1,000 shares of AFC's predecessor
company's Common Stock for an aggregate purchase price of $25,000. The source of
the $25,000 of cash used to purchase the Common Stock was from Mr. Hartnett's
personal funds. Mr. Hartnett's 1,000 shares of Common Stock were then exchanged
for 108,108 shares. In May 1999, AFC's predecessor company was reorganized into
a holding company form of ownership under which Mr. Hartnett's shares were
exchanged for 2,261,291 shares of Common Stock of AFC. Mr. Hartnett owns options
to acquire an additional 5,000 shares of the Company's Common Stock.
Item 4. Purpose of Transaction:
All of the shares purchased or acquired by Mr. Hartnett were acquired
for investment. Mr. Hartnett may, from time to time, depending upon market
conditions and other investment considerations, purchase additional shares of
AFC for investment or dispose of shares of AFC. As Chief Financial Officer and a
member of the Board, Mr. Hartnett regularly explores potential actions and
transactions which may be advantageous to AFC, including, but not limited to,
possible mergers, acquisitions, reorganizations or other material changes in the
business, corporate structure, management, policies, governing instruments,
capitalization, securities or regulatory or reporting obligations of AFC.
Except as noted above, Mr. Hartnett has no plans or proposals that
relate to or would result in:
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(a) the acquisition by any person of additional securities of AFC, or
the disposition of securities by AFC;
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving AFC or any of its subsidiaries;
(c) a sale or transfer of a material amount of assets of AFC or any of
its subsidiaries;
(d) any change in the present Board of Directors or management of AFC,
including any plans or proposals to change the number of term of directors or to
fill any existing vacancies on the Board;
(e) any material change in the present capitalization or dividend
policy of AFC;
(f) any other material change in AFC's business or corporate structure;
(g) changes in AFC's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of AFC by
any person;
(h) causing a class of securities of AFC to be delisted from a national
securities exchange or to cease to be authorized to be quoted in an inter-dealer
quotation system of a registered national securities association;
(i) a class of equity securities of AFC becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934; or
(j) any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer:
(a) The aggregate number of shares of Common Stock of AFC beneficially
owned by Mr. Hartnett is 2,266,291, which constitutes ten and six-tenths percent
(10.6%) of the total outstanding shares of Common Stock.
(b) Each party named in subparagraph (a) above has the sole power to
vote or direct to vote and to dispose or direct the disposition of, all the
shares shown as being owned by such party above.
(c) Apart from the transaction described in Item 3 above, Mr. Hartnett
has not had any transactions in shares of Common Stock of AFC in the last sixty
(60) days.
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(d) No other person is known to have any right to receive, or the power
to direct the receipt of dividends from, or proceeds from the sale of, the
securities described herein other than the party owning such securities as
described herein.
(e) The Reporting Person has not ceased to be beneficial owner of more
than five percent (5%) of the outstanding shares of the Common Stock of AFC.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
At the present time, there are no contracts, arrangements,
understandings or relationships between the Reporting Person and any other
person with respect to any of the securities of AFC, including transfer or
voting of any of the securities of AFC, finders fees, joint ventures, loan or
option arrangements, put or calls, guarantees of profits, division of profits or
loss, or the giving or withholding of proxies, naming the persons with whom such
contract, arrangements, understandings or relationships have been entered into.
Item 7. Material To Be Filed as Exhibits:
There are no written agreements or proposals relating to any
acquisition of AFC's control, liquidation, sale of assets or other matters
discussed in Item 4 above, nor relating to the transfer or voting of securities,
finders fees, joint ventures, options or loan agreements or other matters as
described in Item 6 above. There are no written agreements concerning the
borrowing of funds as described in Item 3 above.
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.
Dated: October 18, 1999.
/s/ TERRY G. HARTNETT
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Terry G. Hartnett
ATTENTION: Intentional misstatements or omissions of fact constitute federal
criminal violations (See 18 U.S.C. 1001).
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