SC 13G 1 a2101084zsc13g.txt SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _____)* BKF CAPITAL GROUP, INC. ----------------------- (Name of Issuer) COMMON STOCK ------------------------------ (Title of Class of Securities) 05548G102 -------------- (CUSIP Number) JANUARY 8, 2003 --------------- (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) [x] Rule 13d-1(c) [ ] 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 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). SCHEDULE 13G CUSIP NO. 05548G102 PAGE 2 OF 7 PAGES ------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person ABRAMS CAPITAL, LLC ------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) / / (b) /X/ ------------------------------------------------------------------------------- 3 SEC Use Only ------------------------------------------------------------------------------- 4 Citizenship or Place of Organization DELAWARE ------------------------------------------------------------------------------- Number of 5 Sole Voting Power Shares 0 ------------------------------------------------------------- Beneficially 6 Shared Voting Power Owned by 459,700 ------------------------------------------------------------- Each 7 Sole Dispositive Power Reporting 0 ------------------------------------------------------------- Person With 8 Shared Dispositive Power 459,700 ------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 459,700 ------------------------------------------------------------------------------- 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* / / ------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 6.9% ------------------------------------------------------------------------------- 12 Type of Reporting Person* 00 - Limited Liability Company ------------------------------------------------------------------------------- SCHEDULE 13G CUSIP NO. 05548G102 PAGE 3 OF 7 PAGES ------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person DAVID C. ABRAMS ------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) / / (b) / / ------------------------------------------------------------------------------- 3 SEC Use Only ------------------------------------------------------------------------------- 4 Citizenship or Place of Organization USA ------------------------------------------------------------------------------- Number of 5 Sole Voting Power Shares 0 ------------------------------------------------------------- Beneficially 6 Shared Voting Power Owned by 488,800 ------------------------------------------------------------- Each 7 Sole Dispositive Power Reporting 0 ------------------------------------------------------------- Person With 8 Shared Dispositive Power 488,800 ------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 488,800 ------------------------------------------------------------------------------- 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* / / ------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 7.4% ------------------------------------------------------------------------------- 12 Type of Reporting Person* IN ------------------------------------------------------------------------------- SCHEDULE 13G CUSIP NO. 05548G102 PAGE 4 OF 7 PAGES ITEM 1. (a) Name of Issuer: BKF CAPITAL GROUP, INC. (b) Address of Issuer's Principal Executive Offices: ONE ROCKEFELLER PLAZA, NEW YORK, NY 10020 ITEM 2. (a) and (c) Name and Domicile/Citizenship of Persons Filing: (i) Abrams Capital, LLC, a Delaware limited liability company ("Abrams Capital"). (ii) David C. Abrams, a United States citizen. (b) and (f) Each of the Reporting Persons has a business address of 222 Berkeley Street, 22nd Floor, Boston, Massachusetts 02116. (d) Title of Class of Securities: COMMON STOCK (e) CUSIP Number: 05548G102 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (e) [ ] Investment Adviser registered in accordance with Rule 13d-1(b)(1)(ii)(E) (f) [ ] Employee Benefit Plan or Endowment Fund in accordance withss.240.13d-1(b)(1)(ii)(F) (g) [ ] Parent holding company or control person in accordance withss.240.13d-1(b)(ii)(G) (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (j) [ ] Group, in accordance withss.240.13d-1(b)(1)(ii)(J) SCHEDULE 13G CUSIP NO. 05548G102 PAGE 5 OF 7 PAGES ITEM 4. OWNERSHIP Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item I. ABRAMS CAPITAL, LLC* (a) Amount Beneficially Owned: 459,700 (b) Percent of Class: 6.9% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 459,700 (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: 459,700 DAVID C. ABRAMS** (a) Amount Beneficially Owned: 488,800 (b) Percent of Class: 7.4% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 488,800 (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: 488,800 *Shares reported for Abrams Capital, LLC include shares beneficially owned by private investment partnerships of which Abrams Capital, LLC is the General Partner. ** Shares reported for David C. Abrams include shares beneficially owned by private investment partnerships and a private investment corporation which entities may be deemed to be controlled by Mr. Abrams, who is the Managing Member of the sole General Partner of such partnerships and Managing Member of the Investment Adviser to the private investment corporation. SCHEDULE 13G CUSIP NO. 05548G102 PAGE 6 OF 7 PAGES 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 ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON 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 By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SCHEDULE 13G CUSIP NO. 05548G102 PAGE 7 OF 7 PAGES SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I hereby certify that the information set forth in this statement is true, complete and correct. Dated: January 17, 2003 ABRAMS CAPITAL, LLC By: /s/ DAVID C. ABRAMS ------------------------------------- David C. Abrams, Managing Member DAVID C. ABRAMS By: /s/ DAVID C. ABRAMS ------------------------------------- David C. Abrams