SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
SIEBERT FINANCIAL CORP, INC.
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(Name of Issuer)
Common Stock, $.01 par value per share
(Title of Class of Securities)
826176 10 9
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(CUSIP Number)
Mitchell M. Cohen
Siebert Financial Corp.
885 Third Avenue, Suite 1720
New York, New York 10022
(212) 644-2400
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
February 11, 1999
(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 which 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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SCHEDULE 13D
CUSIP No. 826176 10 9
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Muriel F. Siebert
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
3. SEC USE ONLY
4. SOURCE OF FUNDS
Not applicable
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER 7. SOLE VOTING POWER
OF 19,900,000
SHARES 8. SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY 9. SOLE DISPOSITIVE POWER
EACH 19,900,000
REPORTING 10. SHARED DISPOSITIVE POWER
PERSON WITH -0-
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,900,000
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
89.66%
14. TYPE OF REPORTING PERSON
Individual
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This Amendment No. 1 filed by Muriel F. Siebert (the "Reporting Person") amends
a report on Schedule 13D filed November 26, 1996 and is being filed to reflect
the gift by the Reporting Person of shares of Common Stock to the Muriel F.
Siebert Foundation (the "Foundation") and the subsequent sale by the Foundation
of 222,000 shares in February 1999 and 90,000 shares of Common Stock in March
1999. The Reporting Person may be deemed to beneficially own all shares of
Common Stock held by the Foundation.
Item 1. SECURITY AND ISSUER
No change.
Item 2. IDENTITY AND BACKGROUND
No change.
Item 3. SOURCE AND AMOUNT OF FUNDS.
No change.
Item 4. PURPOSE OF TRANSACTION
This statement is filed to reflect a material decrease in the
percentage of outstanding Common Stock beneficially owned by the Reporting
Person. In February 1999 and March 1999, the Foundation disposed of, in the
aggregate, 312,000 shares of Common Stock.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The Reporting Person beneficially owns an aggregate of
19,900,000 shares of Common Stock, representing approximately 89.66% of the
outstanding shares of Common Stock.
(b) For information with respect to the power to vote or direct
the vote and the power to dispose or to direct the disposition of the Common
Stock beneficially owned by the Reporting Person, see Rows 7-10 of the cover
page.
(c) No transactions in the Common Stock were effected by the
Reporting Person during the past 60 days except:
(i) On March 3, 1999, the Foundation disposed of 90,000
shares of Common Stock at a price per share of $23.47.
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(ii) On February 24, 1999, the Reporting Person gifted
90,000 shares of Common Stock to the Foundation.
(iii) On February 11, 1999, the Foundation disposed of
56,000 shares of Common Stock at a price per share of $29.77.
(iv) On February 10, 1999, the Foundation disposed of
132,000 shares of Common Stock at a price per share of $26.89.
(v) On February 9, 1999, the Foundation disposed of
34,000 shares of Common Stock at a price per share of $27.13.
(d) Not applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
None.
Item 7. EXHIBITS.
None.
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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.
/s/ MURIEL F. SIEBERT
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Muriel F. Siebert
Date: April 23, 1999
