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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 3)
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)
May 21, 1998
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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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CUSIP NO. 482412 10 3
I. Names of Reporting Persons, S.S. or I.R.S. Identification Nos. of
Above Persons.
Harris A. Kaffie
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II. Check the Appropriate Box if a Member of a Group (See Instructions).
A.
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B.
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III. SEC Use Only
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IV. Source of Funds (See Instructions) PF
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V. Check if Disclosure of Legal Proceeding is Required Pursuant to Items 2(d)
or 2(e). Not Applicable
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VI. Citizenship or Place of Organization Texas
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<TABLE>
<S> <C> <C>
Number of Shares VII. Sole Voting Power 298,400
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Beneficially Owned VIII. Shared Voting Power
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by Each Reporting IX. Sole Dispositive Power 298,400
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Person with X. Shared Dispositive Power
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</TABLE>
XI. Aggregate Amount Beneficially Owned by Each Reporting Person
298,400
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XII. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
The amount in Row (11) excludes 10,000 shares owned by a
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trust of which Mr. Kaffie is the trustee. Mr. Kaffie
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disclaims beneficial ownership as to such shares.
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XIII. Percent of Class Represented by Amount in Row (11) 9.1%
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XIV. Type of Reporting Person (See Instructions) IN
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The reason for this filing of Amendment No. 3 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>
4/22/98 3,700 $12.375
5/1/98 3,000 $12.00
5/1/98 500 $12.25
5/5/98 10,000 $12.25
5/6/98 2,000 $12.00
5/12/98 2,200 $12.375
5/12/98 300 $12.375
5/12/98 200 $12.125
5/13/98 200 $12.375
5/15/98 6,800 $12.50
5/15/98 800 $12.375
5/18/98 1,000 $12.375
5/18/98 500 $12.25
5/18/98 300 $12.375
5/19/98 600 $12.375
5/20/98 500 $12.50
5/20/98 500 $12.50
5/20/98 500 $12.50
5/20/98 500 $12.50
5/21/98 200 $12.375
5/21/98 500 $12.50
5/21/98 500 $12.625
5/21/98 500 $12.75
</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.
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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 298,400 shares of the Common Stock.
Such number of shares constitutes approximately 9.1% 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:
<TABLE>
<CAPTION>
Date of Purchase Number of Shares Price Per Share
---------------- ---------------- ---------------
<S> <C> <C>
4/22/98 3,700 $12.375
5/1/98 3,000 $12.00
5/1/98 500 $12.25
5/5/98 10,000 $12.25
5/6/98 2,000 $12.00
5/12/98 2,200 $12.375
5/12/98 300 $12.375
5/12/98 200 $12.125
5/13/98 200 $12.375
5/15/98 6,800 $12.50
5/15/98 800 $12.375
5/18/98 1,000 $12.375
5/18/98 500 $12.25
5/18/98 300 $12.375
5/19/98 600 $12.375
5/20/98 500 $12.50
5/20/98 500 $12.50
5/20/98 500 $12.50
5/20/98 500 $12.50
5/21/98 200 $12.375
5/21/98 500 $12.50
5/21/98 500 $12.625
5/21/98 500 $12.75
</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.
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(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.
May 26, 1998
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(Date)
/s/ HARRIS A. KAFFIE
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Harris A. Kaffie
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