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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3 )*
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IFX CORPORATION (fka JACK CARL/312-FUTURES, INC.)
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
449518-20-8
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(CUSIP Number)
Christina S. Donka, Secretary 200 West Adams Street, Suite 1500, Chicago,
Illinois 60606
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(Name, Address and telephone Number of Person Authorized to Receive Notices and
Communications)
January 12, 1998
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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 Section 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 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. 449518-20-8 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 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 3,092,890 Shares of Common Stock, of which 100,000
Shares of Common Stock is subject to an option to sell.
BENEFICIALLY
8 SHARED VOTING POWER
OWNED BY None
EACH 9 SOLE DISPOSITIVE POWER
3,092,890 Shares of Common Stock, of which 100,000
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
3,092,890 Shares of Common Stock, of which 100,000 Shares of Common
Stock is subject to an option to sell.
12 CHECK 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 49.3% of the issued and outstanding Common Stock, of
which 100,000 Shares of Common Stock, approximately 1.6% of the issued
and outstanding shares of Common Stock, is subject to an option to
sell.
14 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS
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SCHEDULE 13D
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ITEM 1. Security and Issuer
Common Stock
IFX Corporation (fka 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
Effective at the close of business January 12, 1998, IFX Corporation
effected a one-for-five reverse split of its common stock, par value
$.004. Each five shares of such common stock were reclassified and
changed into one share of common stock having a par value of $.02.
Mr. Casty, prior to the reverse split, owned 15,464,453 shares which
were reclassified and changed into 3,092,890 shares. The remaining
fractional shares were repurchased by IFX Corporation for $2.10 per
share. Also prior to the reverse split, Mr. Casty, had options to
sell 500,000 shares of IFX Corporation common stock. The options were
adjusted for the reverse split to 100,000 shares of common stock.
Page 3 of 4
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ITEM 5. Interest in Securities of the Issuer
(a) 3,092,890 shares of common stock, approximately 49.3% of the
issued and outstanding common stock, of which 100,000 shares of
common stock, approximately 1.6% 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 3,092,890 shares
of common stock, of which, 100,000 shares of common stock is
subject to an option to sell.
(c) Effective at the close of business January 12, 1998, IFX
Corporation effected a one-for-five reverse split of its common
stock, par value $.004. Each five shares of such common stock
were reclassified and changed into one share of common stock
having a par value of $.02. Mr. Casty, prior to the reverse
split, owned 15,464,453 shares which were reclassified and
changed into 3,092,890 shares. The remaining fractional shares
were repurchased by IFX Corporation for $2.10 per share. Also
prior to the reverse split, Mr. Casty, had options to sell
500,000 shares of IFX Corporation common stock. The options were
adjusted for the reverse split to 100,000 shares of common stock.
(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.
February 5, 1998
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Date
/S/ LEE S. CASTY
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Lee S. Casty
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