Filing Details

1.	NAMES OF REPORTING PERSONS
	Gloria E. Gebbia
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(see instructions)
	(a)	☒
	(b)	☐
3.	SEC USE ONLY
4.	SOURCE OF FUNDS (see instructions)
	PF
5.	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)     ☐
6.	CITIZENSHIP OR PLACE OF ORGANIZATION
	Gloria E. Gebbia is a US Citizen

	7.	SOLE VOTING POWER
		10,031,236
NUMBER OF	8.	SHARED VOTING POWER
SHARES
BENEFICIALLY		19,221,799
OWNED BY	9.	SOLE DISPOSITIVE POWER
EACH
REPORTING		10,031,236
PERSON WITH	10.	SHARED DISPOSITIVE POWER
		19,221,799

 

This Amendment 14 to Schedule 13D (this "Amendment") amends Amendment 13 to Schedule 13D filed on February 7, 2020. Amendment 13 to Schedule 13D amended Amendment 12 to Schedule 13D filed on January 17, 2020. Amendment 12 to Schedule 13D amended Amendment 11 to Schedule 13D filed on January 10, 2020. Amendment 11 to Schedule 13D amended Amendment 10 to Schedule 13D filed on December 18, 2019. Amendment 10 amended Amendment 9 to Schedule 13D filed on September 30, 2019. Amendment 9 amended Amendment 8 to Schedule 13D filed on May 9, 2019. Amendment 8 amended Amendment 7 to Schedule 13D filed on April 4, 2019. Amendment 7 amended Amendment 6 to Schedule 13D filed on January 2, 2019. Amendment 6 amended Amendment 5 to Schedule 13D filed on September 11, 2018 (“Amendment 5”).  Amendment 5 amended the amended and restated Schedule 13D filed on April 25, 2018 as Amendment 4 (the “Amended and Restated Schedule 13D”), by Kennedy Cabot Acquisition, LLC, a Nevada limited liability company (“KCA”), Gloria E. Gebbia, the Managing Member of KCA, Richard Gebbia, David Gebbia and John M. Gebbia (each a “Reporting Person” and collectively, the “Reporting Persons”). The Amended and Restated Schedule 13D was filed by the Reporting Persons to amend and restate the Schedule 13D filed on December 21, 2016 (the “Original Schedule 13D”), as amended and supplemented by Amendment 1 filed on January 11, 2018, Amendment 2 filed on January 26, 2018, and Amendment 3 filed on February 26, 2018.

 

This Amendment is being filed by the Reporting Persons relating to the common stock, par value $0.01 per share (the “Common Stock”), of Siebert Financial Corp., a New York corporation (the “Issuer”), whose principal executive officers are located at 120 Wall Street, New York, NY 10005.

 

The Reporting Persons are filing this Amendment to report the acquisition of 2,181,621 shares of Issuer Common Stock in a private transaction by Gloria E. Gebbia from John M Gebbia, Richard Gebbia, and David J Gebbia.

This Amendment does not restate disclosures in the Amended and Restated Schedule 13D that are not being amended, and should be read in conjunction with the Amended and Restated Schedule 13D. Except as set forth herein, the Amended and Restated Schedule 13D is unmodified. All capitalized terms used herein which are not defined herein have the meanings given to such terms in the Amended and Restated Schedule 13D.

Item 5. Interest in Securities of the Issuer.

 

Item 5 of Amendment 8 is hereby amended and restated as follows:

 

(a)	As of the date hereof:

 

i.	KCA beneficially owns  3,177,283 shares of Common Stock, representing approximately 10% of the outstanding Common Stock of the Issuer.

ii.

Gloria E. Gebbia is the Managing Member of KCA and, as such, can vote or direct the vote or dispose or direct the disposition of the shares of Common Stock owned by KCA, and (ii) Gloria E. Gebbia is the direct beneficial owner of 10,031,236 shares of Common Stock, representing approximately 33% of outstanding Common Stock of the Issuer, and she is the indirect beneficial owner of the shares owned by KCA and she may be deemed to share indirect beneficial ownership of a total of 6,013,280 additional shares of Issuer Common Stock, owned by family trusts and certain members of Gloria E. Gebbia’s family. Accordingly, Gloria E. Gebbia may be deemed to beneficially own, directly and indirectly, an aggregate of 19,221,799 shares of Common Stock, representing approximately 63% of the outstanding Common Stock of the Issuer.

iii.

John M. Gebbia is the direct beneficial owner of 1,826,681 shares of Issuer Common Stock, representing approximately 6% of outstanding Common Stock of the Issuer and he may be deemed to share indirect beneficial ownership of a total of 24,000 additional shares of Issuer Common Stock, owned by certain family members.

iv.

Richard Gebbia is the direct beneficial owner of  2,640,081 shares of Issuer Common Stock, representing approximately 9% of outstanding Common Stock of the Issuer and he may be deemed to share indirect beneficial ownership of a total of 335,000 additional shares of Issuer Common Stock, owned by certain family members.

v.

David Gebbia is the direct beneficial owner of  1,035,281 shares of Issuer Common Stock, representing approximately 3% of outstanding Common Stock of the Issuer and he may be deemed to share indirect beneficial ownership of a total of 35,800 additional shares of Issuer Common Stock, owned by certain family members.

 

(b)	The information contained in rows 7, 8, 9 and 10 on each of the cover pages of this Amendment is incorporated by reference in its entirety into this Item 5(b).

(c)	Except as otherwise described in this Amendment, the Reporting Persons have not effected any transactions in the Common Stock or other equity security of the Issuer during the last 60 days: