<PAGE> 1
SCHEDULE 13G
(RULE 13d-102)
Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c)
and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___________)*
Rock Financial Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Shares, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
772150 10 8
- --------------------------------------------------------------------------------
(CUSIP Number)
May 1, 1998
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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 the 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> 2
CUSIP NO. 722150 10 8 13G PAGE 2 OF 9 PAGES
-- --
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Daniel B. Gilbert
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
United States of America
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares 10,138,399
-----------------------------------------------------
Beneficially 6 Shared Voting Power
0
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each 7,143,000
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 0
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
10,138,399
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
74.6%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE> 3
CUSIP NO. 772150 10 8 13G PAGE 3 OF 9 PAGES
-- --
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Gary L. Gilbert
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
United States of America
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares 0
-----------------------------------------------------
Beneficially 6 Shared Voting Power
0
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each 2,097,298
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 0
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
2,097,298
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
15.4%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------------
<PAGE> 4
CUSIP NO. 772150 10 8 13G PAGE 4 OF 9 PAGES
-- --
- --------------------------------------------------------------------------------
1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Lindsay E. Gross, Trustee of the Lindsay Gross Revocable Living Trust,
dated 8/24/93, as amended 12/5/95
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group (a) [ ]
(See Instructions) (b) [X]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Trust governed by Michigan Law
- --------------------------------------------------------------------------------
Number of
5 Sole Voting Power
Shares 0
-----------------------------------------------------
Beneficially 6 Shared Voting Power
0
Owned by -----------------------------------------------------
7 Sole Dispositive Power
Each 877,601
-----------------------------------------------------
Reporting 8 Shared Dispositive Power
Person With 0
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
877,601
- --------------------------------------------------------------------------------
10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------------
11 Percent of Class Represented by Amount in Row (9)
6.5%
- --------------------------------------------------------------------------------
12 Type of Reporting Person (See Instructions)
OO
- --------------------------------------------------------------------------------
<PAGE> 5
CUSIP No. 772150 10 8
ITEM 1.
(a) Name of Issuer:
Rock Financial Corporation.
(b) Address of Issuer's Principal Executive Offices:
30600 Telegraph Road, 4th Floor
Bingham Farms, Michigan 48025
ITEM 2.
(a) Name of Person Filing:
Daniel B. Gilbert
Gary L. Gilbert
Lindsay Gross, Trustee of the Lindsay Gross
Revocable Living Trust, dated 8/24/93, as
amended 12/5/95 (the "Trust")
(b) Address of Principal Business Office or, if none, Residence:
All
30600 Telegraph Road, 4th Floor
Bingham Farms, Michigan 48025
(c) Citizenship:
All except the Trust
United States of America
The Trust
Governed by Michigan law
(d) Title of Class of Securities:
Common Shares, par value $0.01 per share
(e) CUSIP Number:
772150 10 8
Page 5 of 9 pages
<PAGE> 6
CUSIP NO. 772150 10 8
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR
13D-2(B) OR (C), CHECK WHETHER THE FILING PERSON IS A:
Not Applicable
ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
<TABLE>
<S> <C> <C>
(a) Amount beneficially owned:
Daniel B. Gilbert: 10,138,399*
Gary L. Gilbert 2,097,298*
The Trust 877,601*
(b) Percent of class:
Daniel B. Gilbert 74.6%*
Gary L. Gilbert 15.4%*
The Trust 6.5%*
(c) Number of Shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Daniel B. Gilbert: 10,138,399*
Gary L. Gilbert 0*
The Trust 0*
(ii) Shared power to vote or direct the vote:
Daniel B. Gilbert: 0*
Gary L. Gilbert 0*
The Trust 0*
(iii) Sole power to dispose or to direct the disposition of:
Daniel B. Gilbert: 7,143,000*
Gary L. Gilbert 2,097,298*
The Trust 877,601*
</TABLE>
Page 6 of 9 pages
<PAGE> 7
CUSIP No. 772150 10 8
<TABLE>
<S> <C> <C>
(iv) Shared power to dispose or to direct the disposition of:
Daniel B. Gilbert: 0*
Gary L. Gilbert 0*
The Trust 0*
</TABLE>
*Pursuant to a Shareholders Agreement, dated as of May 6, 1998, among Rock
Financial Corporation, Daniel B. Gilbert, Gary L. Gilbert, Lindsay Gross, Steven
M. Stone, Ross Niskar and Adam Schoener, each of the shareholder parties to the
agreement (other than Daniel Gilbert) has given Daniel Gilbert all voting power
over all shares currently owned or later acquired by them until May 6, 2008. The
Shareholders Agreement, does not restrict transfer of these shares and the
shares will not be subject to the Shareholders Agreement if they are transferred
to a third party in a public offering or pursuant to Rule 144 under the
Securities Act of 1933. As of December 31, 1998, the following persons
beneficially owned the following shares:
<TABLE>
<CAPTION>
Name Shares
---- ------
<S> <C>
Daniel B. Gilbert 7,143,000
Gary L. Gilbert 2,097,298
Steven M. Stone 1,097,954 **
The Trust 877,601
Ross Niskar 291,615 **
Adam Schoener 291,615 **
</TABLE>
**1,079,454, 290,615 and 290,615 of the shares shown as beneficially owned by
Steven M. Stone, Ross Niskar and Adam Schoener, respectively, are shares that
they may acquire within 60 days of December 31, 1998 upon exercise of options
granted to them by Rock Financial Corporation. If and when such options are
exercised, the shares received will be subject to the voting agreement, unless
they are sold to a third party in a public offering or pursuant to Rule 144.
Daniel Gilbert does not control the exercise of these options or the disposition
of the underlying shares.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [_].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
Page 7 of 9 pages
<PAGE> 8
CUSIP No. 772150 10 8
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
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.
Dated: February 12, 1999 /s/ Daniel B. Gilbert
----------------------------------------------
Daniel B. Gilbert
Dated: February 12, 1999 /s/ Gary L. Gilbert
----------------------------------------------
Gary L. Gilbert
Dated: February 12, 1999 LINDSAY GROSS REVOCABLE LIVING TRUST,
DATED 8/24/93, AS AMENDED 12/5/95
By: /s/ Lindsay Gross
-----------------------------------------
Lindsay Gross
Its: Trustee
-------------------------------
Page 8 of 9 pages
<PAGE> 9
CUSIP No. 772150 10 8
Exhibit 1
JOINT STATEMENT AGREEMENT
The undersigned hereby agree that the Schedule 13G filed by them with
respect to their beneficial ownership of Rock Financial Corporation Common
Shares as of December 31, 1998 shall be filed on behalf of each of them.
Dated: February 12, 1999 /s/ Daniel B. Gilbert
-----------------------------------
Daniel B. Gilbert
Dated: February 12, 1999 /s/ Gary L. Gilbert
-----------------------------------
Gary L. Gilbert
Dated: February 12, 1999 LINDSAY GROSS REVOCABLE LIVING
TRUST, DATED 8/24/93, AS AMENDED
12/5/95
By: /s/ Lindsay Gross
------------------------------
Lindsay Gross
Its: Trustee
--------------------
Page 9 of 9 pages
