UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 3 )*
DCAP Group, Inc.
(Name of Issuer)
Common Stock, $.01 Par Value
(Title of Class of Securities)
233065 10 1
(CUSIP Number)
Jay M. Haft
1 Alhambra Plaza
Suite 1410
Coral Gables, Florida 33134
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 27, 2003
(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 Schedule 13D, and is
filing this schedule because of Rule 13d-1 (b)(3) or (4), check the following
box [ ]
*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 on 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 5 Pages
SCHEDULE 13D
CUSIP No. 233065 10 1
1. Name of Reporting Person
Jay M. Haft
2. Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
3. SEC Use Only
4. Source of Funds
N/A
5. Check box 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 Shares 7. Sole Voting Power
Beneficially Owned 1,136,393
By Each Reporting ------------------------
Person With 8. Shared Voting Power
0
------------------------
9. Sole Dispositive Power
1,136,393
------------------------
10. Shared Dispositive Power
0
------------------------
11. Aggregate Amount Beneficially Owned by Reporting Person
1,136,393
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11)
8.9%
14. Type of Reporting Person
IN
ITEM 1. SECURITY AND ISSUER.
-------------------
This statement amends and supplements the Schedule 13D dated March 28,
2001, as previously amended by Amendment No. 1, dated May 17, 2002, and
Amendment No. 2, dated October 1, 2002, filed by the Reporting Person relating
to the Common Stock, par value $.01 per share (the "Common Stock"), of DCAP
Group, Inc., a Delaware corporation (the "Company").
The address of the principal executive offices of the Company is 1158
Broadway, Hewlett, New York 11557.
ITEM 2. IDENTITY AND BACKGROUND.
-----------------------
(a) Name of Reporting Person:
Jay M. Haft
(b) Residence or business address:
1 Alhambra Plaza
Suite 1410
Coral Gables, Florida 33134
(c) The Reporting Person serves as a strategic and financial
consultant for growth stage companies. He also serves as a member of the Board
of Directors of a number of corporations, including the Company.
(d) The Reporting Person has not been convicted in a criminal
proceeding in the last five years.
(e) The Reporting Person has not, during the last five years, been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction resulting in a judgment, 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) The Reporting Person is a citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
-------------------------------------------------
N/A
ITEM 4. PURPOSE OF TRANSACTION.
----------------------
N/A
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
------------------------------------
As of the date hereof, the Reporting Person is the beneficial owner of
1,136,393 shares of Common Stock of the Company (or approximately 8.9% of the
outstanding Common Stock of the Company). Of such shares of Common Stock, 15,380
are held in a retirement trust for the benefit of the Reporting Person and
350,000 are issuable upon the exercise of options that are currently
exercisable. The Reporting Person has sole voting and dispositive power over all
of such shares.
During the past 60 days, the Reporting Person has not effected any
transactions in the Common Stock of the Company, except that, on August 27,
2003, the Reporting Person sold 200,000 shares of Common Stock of the Company in
a private transaction at a purchase price of $.75 per share.
ITEM 6. CONTRACTS, AGREEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
----------------------------------------
See Item 5 hereof with respect to options held by the Reporting
Person.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
--------------------------------
N/A
SIGNATURES
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: August 27, 2003
/s/ Jay M. Haft
-----------------------------
Jay M. Haft