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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
UNISTAR FINANCIAL SERVICE CORP.
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(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
----------------------------
(Title of Class of Securities)
90921U 10 0
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(CUSIP Number)
Marc A. Sparks
c/o Unistar Financial Service Corp.
4635 McEwen Road
Dallas, Texas 75244
(972) 720-7110
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
April 30, 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 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 [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
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, as amended (the "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 4 Pages
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SCHEDULE 13D
- ------------------------- -------------------------
CUSIP NO. 90921U 10 0 PAGE 2 OF 4 PAGES
- ------------------------- -------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Marc A. Sparks
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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7 SOLE VOTING POWER
NUMBER OF
2,365,000
SHARES ------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY ------------------------------------------------------
9 SOLE DISPOSITIVE POWER
EACH
2,365,000
REPORTING ------------------------------------------------------
10 SHARED DISPOSITIVE POWER
PERSON WITH
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,365,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
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ITEM 1. SECURITY AND ISSUER
The securities covered by this Schedule 13D are shares of common stock,
$.01 par value (the "Common Stock"), of Unistar Financial Service Corp., a
Delaware corporation (the "Company"). The Company's principal executive offices
are located at 4635 McEwen Road, Dallas, Texas 75244.
As of the date of this Schedule 13D, the Company is registering its
Common Stock under Section 12 of the Securities Exchange Act of 1934, as amended
(the "Act"), which places the Company under the beneficial ownership reporting
rules of the Act and necessitates the filing of this Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND
(a) This statement on Schedule 13D is being filed by Marc A. Sparks;
(b) Mr. Sparks' business address is 4635 McEwen Road, Dallas, Texas 75244;
(c) Mr. Sparks' present principal occupation is Chairman and Chief Executive
Officer of the Company;
(d) Mr. Sparks has not, during the past five years, been convicted in any
criminal proceeding (excluding traffic violations and similar
misdemeanors);
(e) Mr. Sparks has not, during the past five years, been a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction that resulted in enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws;
(f) Mr. Sparks is a U.S. citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The source and the amount of funds or other consideration used by Mr.
Sparks in acquiring the Common Stock was his shares of the common stock of
International Fidelity Holding Corporation, a Texas corporation, which was
acquired by the Company in a stock-for-stock exchange approved by the Company's
stockholders on August 17, 1998. The Stock Purchase Agreement through which this
transaction was consummated was filed by the Company under Form 8-K on September
2, 1998.
ITEM 4. PURPOSE OF TRANSACTION
Mr. Sparks currently has no plans to acquire additional equity in the
Company or to engage in any transactions described in Paragraphs (b) through (i)
of this Item. Any decision by Mr. Sparks in the future to acquire or dispose of
equity in the Company or to take any other actions with respect to the Company
or its securities will depend upon several factors, including the prospects of
the Company, general market and economic conditions, and other factors deemed
relevant.
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<PAGE> 4
ITEM 5. INTEREST IN SECURITIES
(a) As of the date hereof, Mr. Sparks beneficially owns 2,365,000 shares of
the Company's Common Stock, which represent 9.7% of the Company's
24,370,422 shares outstanding;
(b) Number of shares as to which Mr. Sparks has:
<TABLE>
<S> <C>
sole power to vote or direct the vote: 2,365,000
shared power to vote or direct the vote: 0
sole power to dispose or direct the disposition: 2,365,000
shared power to dispose or direct the disposition: 0
</TABLE>
(c) Mr. Sparks has not engaged in any transactions in the Common Stock
within the past 60 days;
(d) Not applicable;
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in the statement is true, complete and
correct.
Date: April 30, 1999 /s/ MARC A. SPARKS
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Marc A. Sparks
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