<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 1)
KBK CAPITAL CORPORATION
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
482412 10 3
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(CUSIP Number)
Harris A. Kaffie
Kaffie Companies
1840 Frost Bank Plaza
802 North Carancahua
Corpus Christi, Texas 78470
(512) 882-5501
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(Name, Address, and Telephone Number of
Person Authorized to Receive Notices and Communications)
December 8, 1997
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(Date of Event Which Required 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. 482412-10-3 PAGE 2 OF 4 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harris A. Kaffie
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
Not Applicable
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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7 SOLE VOTING POWER
NUMBER OF 222,300
SHARES -------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 222,300
PERSON ------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
222,300
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
The amount in Row (11) excludes 10,000 shares owned by a trust of
which Mr. Kaffie is the trustee. Mr. Kaffie disclaims beneficial
ownership as to such shares.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.7%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
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The reason for this filing of Amendment No. 1 to the previously filed
Schedule 13D is to show that the beneficial ownership of the reporting person
has increased as shown below.
Item 1. Security and Issuer.
No change.
Item 2. Identity and Background.
No change.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 is hereby amended to add the following:
Mr. Kaffie has made the following additional purchases of Common Stock,
at the following prices:
<TABLE>
<CAPTION>
Date of Purchase Number of Shares Price Per Share
---------------- ---------------- ---------------
<S> <C> <C>
12/2/97 1,000 $ 9.93
12/3/97 500 $10.00
12/5/97 300 $ 9.88
12/8/97 5,600 $10.12
12/8/97 5,200 $ 9.88
</TABLE>
The source of funds for Mr. Kaffie's acquisition of such Common Stock
was Mr. Kaffie's personal funds.
Item 4. Purpose of Transaction.
No change.
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended in its entirety to read as follows:
(a) Mr. Kaffie is the beneficial owner of 222,300 shares of the
Common Stock. Such number of shares constitutes approximately 6.7% of the
outstanding shares of the Common Stock. Mr. Kaffie disclaims beneficial
ownership as to an additional 10,000 shares of Common Stock owned by a trust of
which he is trustee.
(b) Mr. Kaffie has sole power to direct the voting and disposition of
such shares.
(c) Since the most recent filing on Schedule 13D, Mr. Kaffie has
acquired the following numbers of shares of Common Stock on the dates
indicated:
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<PAGE> 4
<TABLE>
<CAPTION>
Date of Purchase Number of Shares Price Per Share
---------------- ---------------- ---------------
<S> <C> <C>
12/2/97 1,000 $ 9.93
12/3/97 500 $10.00
12/5/97 300 $ 9.88
12/8/97 5,600 $10.12
12/8/97 5,200 $ 9.88
</TABLE>
All of the above transactions were effected through purchases on the
open market. Other than these transactions, since the most recent filing on
Schedule 13D, Mr. Kaffie has not acquired any shares of the Common Stock.
(d) No person other than Mr. Kaffie 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, any such shares.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings, or Relationships with
Respect to Securities of the Issuer.
No change.
Item 7. Material to Be Filed as Exhibits.
No change.
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.
December 16, 1997
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(Date)
/s/ HARRIS A. KAFFIE
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Harris A. Kaffie
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