SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Rule 13d-101
Under the Securities Exchange Act of 1934
(Amendment No. __)*
SURETY CAPITAL CORP
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
868666207
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(CUSIP Number)
RICHARD N. ABRAMS
480 CENTRAL AVENUE
NORTHFIELD, ILLINOIS 60093
847-441-6500
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
SEPTEMBER 2, 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 ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. |_|
NOTE: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
* 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).
Page 1 of 4 Pages
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CUSIP No. 868666207
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(1) Names and I.R.S. Identification Nos.(entities only) of reporting persons.
RICHARD N. & RODNEY A. ABRAMS & JODI ABRAMS ENGFER
###-##-####
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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) 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.
USA
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Number of shares beneficially owned by each reporting person with:
(7) Sole voting power:
516,800
(8) Shared voting power:
0
(9) Sole dispositive power:
516,800
(10) Shared dispositive power:
0
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(11) Aggregate amount beneficially owned by each reporting person.
516,800
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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).
9.0%
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(14) Type of reporting person (see instructions).
IN
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Page 2 of 4 Pages
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Item 1. Security and Issuer.
COMMON STOCK
SURETY CAPITAL CORPORATION
Item 2. Identity and Background.
(a) RICHARD N. & RODNEY A. ABRAMS & JODI ABRAMS ENGFER
(b) 480 CENTRAL AVENUE
NORTHFIELD, ILLINOIS 60093
(c) RICHARD - EXECUTIVE, FUNERAL FINANCIAL SYSTEMS, LTD., 480 CENTRAL
AVENUE, NORTHFIELD, IL 60093
RODNEY - MARKET MAKER C.B.O.E., 480 CENTRAL AVENUE, NORTHFIELD, IL
60093
JODI - TEACHER, 480 CENTRAL AVENUE, NORTHFIELD, IL 60093
(d) NOT APPLICABLE
(e) NOT APPLICABLE
(f) U.S.A
Item 3. Source and Amount of Funds or Other Consideration.
PERSONAL FUNDS
$531,317.50
Item 4. Purpose of Transaction.
N/A
Item 5. Interest in Securities of the Issuer.
(a) 516,800 SHARES OF COMMON STOCK
9.0%
(b) RICHARD N. ABRAMS HAS 100% OF THE POWER TO VOTE, DISPOSE OF OR
DIRECT THE DISPOSITION OF 516,800 SHARES. IF HE IS UNABLE TO ACT
THAN RODNEY A. ABRAMS HAS 100% OF THE POWER TO VOTE, DISPOSE OF OR
DIRECT THE DISPOSITION OF 516,800 SHARES. IF HE IS UNABLE TO ACT
THAN JODI ABRAMS ENGFER HAS 100% OF THE POWER TO VOTE, DISPOSE OF OR
DIRECT THE DISPOSITION OF 516,800 SHARES
(c) RODNEY A. ABRAMS
DATE QUANITY PRICE EFFECTED
04/20/99 5,500 1 5/16 PURCHASE
04/20/99 4,500 1 1/4 "
04/21/99 500 1 7/16 "
04/21/99 2,000 1 1/2 "
04/22/99 2,000 1 5/8 "
05/10/99 2,000 1 3/8 "
05/11/99 300 1 5/16 "
05/17/99 2,000 1 1/4 "
05/18/99 2,000 1 1/4 "
05/19/99 1,000 1 5/16 "
06/07/99 2,000 1 3/8 "
08/12/99 2,000 1 1/4 "
09/03/99 50,000 1 "
RICHARD N. ABRAMS
04/20/99 10,000 1 1/4 "
05/12/99 10,000 1 1/4 "
08/13/99 10,000 1 1/8 "
08/27/99 110,000 1 "
09/02/99 200,000 1 "
09/03/99 100,000 1 "
(d) NOT APPLICABLE
(e) NOT APPLICABLE
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to
Securities of the Issuer.
NOT APPLICABLE
Item 7. Material to be Filed as Exhibits.
NONE
Page 3 of 4 Pages
<PAGE>
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.
Date: 9/15/99 Signature /s/ RICHARD N. ABRAMS
------------------------------------------
Name: RICHARD N. ABRAMS
Title:
Date: 9/15/99 Signature /s/ RODNEY A. ABRAMS
------------------------------------------
Name: RODNEY A. ABRAMS
Title:
Date: 9/15/99 Signature /s/ JODI ABRAMS ENGFER
------------------------------------------
Name: JODI ABRAMS ENGFER
Title:
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement: Provided, however, That a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
ATTENTION--Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001). (Secs. 13(d), 13(g), 14(d), 23, 48
Stat. 894, 895, 901; sec. 8, 49 Stat. 1379; sec. 203(a), 49 Stat. 704; sec. 10,
78 Stat. 88a; Secs. 2, 3, 82 Stat. 454, 455; secs. 1, 2, 3-5, 84 Stat. 1497;
sec. 18, 89 Stat. 155; secs. 202, 203, 91 Stat. 1494, 1498, 1499; 15 U.S.C.
78m(d), 78m(g), 78n(d), 78w) [44 FR 2145, Jan. 9, 1979; 44 FR 11751, Mar. 2,
1979; 44 FR 70340, Dec. 6, 1979; 47 FR 11466, Mar. 16, 1982; 61 FR 49959, Sept.
24, 1996; 62 FR 35340, July 1, 1997; 63 FR 2867, Jan. 16, 1998; 63 FR 15287,
Mar. 31, 1998]
Page 4 of 4 Pages
