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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
JACK CARL/312-FUTURES, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
466350-30-3
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(CUSIP Number)
Bruce E. Mathias, Secretary 200 West Adams Street, Suite 1500,
Chicago, IL 60606
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
October 18, 1996
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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 (____).
Check the following box if a fee is being paid with this statement (_____). (A
fee is not required only if the reporting person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
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 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 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).
Page 1 of 4
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CUSIP NO. 466350-30-3 13D
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lee S. Casty ###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /___/ (b)/___/
3 SEC USE ONLY
4 SOURCE OF FUNDS*
Not Applicable
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) /____/
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF
7 SOLE VOTING POWER
SHARES 15,464,453 Shares of Common Stock, of which 500,000
Shares of Common Stock is subject to an option to sell.
BENEFICIALLY
8 SHARED VOTING POWER
OWNED BY None
EACH 9 SOLE DISPOSITIVE POWER
15,464,453 Shares of Common Stock, of which 500,000
REPORTING Shares of Common Stock is subject to an option to sell.
PERSON 10 SHARED DISPOSITIVE POWER
None
WITH
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,464,453 Shares of Common Stock, of which 500,000 Shares of Common
Stock is subject to an option to sell.
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / X /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Approximately 46.0% of the issued and outstanding Common Stock, of
which 500,000 Shares of Common Stock, approximately 1.5% of the issued
and outstanding Common Stock, is subject to an option to sell.
14 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
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SCHEDULE 13D
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ITEM 1. SECURITY AND ISSUER
Common Stock
Jack Carl/312-Futures, Inc.
200 West Adams Street
Chicago, Illinois 60606
ITEM 2. IDENTITY AND BACKGROUND
(a) Name:
Lee S. Casty
(b) Business Address:
French-American Securities, Inc.
200 West Adams
Suite 1500
Chicago, Illinois 60606
(c) Occupation:
Sole Owner and Director
French-American Securities, Inc.
200 West Adams
Suite 1500
Chicago, Illinois 60606
(d) Mr. Casty, during the last five years, has not been convicted
in a criminal proceeding
(e) Mr. Casty, during the last five years, was not a party to a
civil proceeding of a judicial or administrative body of
competent jurisdiction which as a result of such proceeding
was subject to a judgement, decree or final order 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) Citizenship:
United States
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Not Applicable
ITEM 4. PURPOSE OF TRANSACTION
On October 18, 1996, Lee S. Casty gifted, under the Uniform Gifts to
Minors Act, 350,000 shares of common stock, par value $.004 per
share, of Jack Carl/312-Futures, Inc., to each of his two minor
children, Corey Adam Casty and Ivan Alexander Casty.
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) 15,464,453 shares of common stock, approximately 46.0% of the
issued and outstanding common stock, of which 500,000 shares
of common stock, approximately 1.5% of the issued and
outstanding common stock, is subject to an option to sell.
(b) There is sole power to vote or to direct the vote and sole
power to dispose or to direct the disposition of the
15,464,453 shares of common stock, of which, 500,000 shares
of common stock is subject to an option to sell.
(c) On October 18, 1996, Lee S. Casty gifted, under the Uniform
Gifts to Minors Act, 350,000 shares of common stock, par
value $.004 per share of Jack Carl/312-Futures, Inc., to each
of his two minor children, Corey Adam Casty and Ivan
Alexander Casty. Following Mr. Casty's gift of these 700,000
shares of comman stock, Mr. Casty beneficially owns
15,464,453 shares of common stock, of which, 500,000 shares
of common stock is subject to an option to sell.
(d) No other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the
proceeds from the sale of such securities.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF ISSUER
Not Applicable
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not Applicable
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.
October 28, 1996
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Date
/S/ LEE S. CASTY
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Lee S. Casty
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