UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 11(1))
BKF Capital Group, Inc.
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(Name of Issuer)
Common Stock, Par Value $1.00 par share
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(Title of Class of Securities)
05548G 10 2
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(CUSIP Number)
Catalyst Fund, L.P.
100 Mill Plain Road
Danbury, Connecticut 06811
with a copy to:
James A. Prestiano, Esq.
631 Commack Road, Suite 2A
Commack, New York 11725
(631) 499-6000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 12, 2008
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(Date of Event which Requires Filing of This Statement)
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If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box [ ].
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Section
240.13d-7(b) for other parties to whom copies are to be sent.
(1) 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).
(Continued on following pages)
CUSIP No. 05548G 10 2 SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Catalyst Fund, L.P. IRS ID No. 35-2240946
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
Not applicable
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 3,921,151
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 3,921,151
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,921,151
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.2%
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14 TYPE OF REPORTING PERSON (See Instructions)
PN
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CUSIP No. 05548G 10 2 SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Catalyst Fund, G.P., LLC IRS ID No. 37-1499500
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
Not applicable.
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 3,921,151
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 3,921,151
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,921,151
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49.2%
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14 TYPE OF REPORTING PERSON (See Instructions)
LLC
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CUSIP No. 05548G 10 2 SCHEDULE 13D
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Steven N. Bronson
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 4,010,787
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 4,010,787
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,010,787
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
50.3%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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CUSIP No. 05548G 10 2 SCHEDULE 13D
Item 1. Security and Issuer.
Except as expressly restated and amended below, the Schedule 13D and
amendments thereto, as filed on behalf of the Fund with respect to the common
stock, $1.00 par value per share ("Common Stock") of BKF Capital Group, Inc., a
Delaware corporation (the "Issuer"), remains in full force and effect. The
Issuer's principal executive office is located at One Rockefeller Plaza, New
York, New York 10020. The Issuer has previously reported that as of November 12,
2008, the Issuer had 7,973,216 shares of Common Stock issued and outstanding.
Item 2. Identity and Background.
(a-c) This Amendment No. 11 to Schedule 13D is filed on behalf of Catalyst
Fund, L.P. (the "Fund"), a Delaware limited partnership. This Schedule 13D is
also filed on behalf of the Catalyst Fund G.P., LLC ("CFGP"), a Delaware limited
liability company, which is the general partner of the Fund; and Steven N.
Bronson the sole member of CFGP and the fund manager of the Fund. The Fund, CFGP
and Mr. Bronson each have an office at 100 Mill Plain Road Danbury, Connecticut
06811. Mr. Bronson is the Chairman, President and Treasurer of the Issuer.
(d) The Fund, CFGP and Mr. Bronson have not, during the past five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) The Fund, CFGP and Mr. Bronson have not, during the past five years, been
a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction nor has the Fund been nor is it now subject to a judgment, decree,
or final order enjoining further 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 Fund is a Delaware limited partnership. CFGP is a Delaware limited
Liability company. Mr. Bronson is a citizen of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration.
On December 12, 2008, Mr. Bronson purchased 15,000 shares of Common Stock in
an open market transaction at the price of $.90 per share for a total cost of
approximately $13,500. Then on December 15, 2008, Mr. Bronson purchased 74,636
shares of Common Stock in an open market transaction at the price of $.80 per
share for a total cost of approximately $59,709.
Item 4. Purpose of Transaction.
The Fund acquired the securities of the Issuer for investment purposes. The
Fund may make further purchases or sales of shares of Common Stock of the Issuer
through open market or privately negotiated transactions or otherwise. If the
Fund does undertake any of the above described possible actions, the Fund will,
among other things, timely file an appropriate amendment to this Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a)(b) As of November 17, 2008, Steven N. Bronson beneficially owns 4,010,787
shares of the Issuer's Common Stock, representing approximately 50.3% of the
total shares of Common Stock issued and outstanding. Mr. Bronson owns 89,636
shares of the Issuer and the Fund owns 3,921,151 share of the Issuer. Mr.
Bronson has sole voting and sole dispositive power with respect to the Common
Stock owned by the Fund.
(c) The following open market transactions were effected by the Fund since
its most recent filing of a Schedule 13D:
Buy/ Number Price
Purchaser Trade Date Sell of Shares Per Share
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The Fund 12/5/2008 Buy 5,716 $ .9414
The Fund 11/24/2008 Buy 4,100 $1.00
The Fund 11/18/2008 Buy 20,000 $ .995
(d) No other person 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 such
securities of the Issuer.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
None
Item 7. Material to be Filed as Exhibits.
None
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Date: December 17, 2008
Catalyst Fund, L.P.
/s/ Steven N. Bronson
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STEVEN N. BRONSON, Sole Member of
Catalyst Fund G.P., LLC,
its general partner
Catalyst Fund, G.P., LLC
/s/ Steven N. Bronson
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STEVEN N. BRONSON, Sole Member
Steven N. Bronson
/s/ Steven N. Bronson
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Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (See 18 U.S.C. Section l001).