NewtekOne, Inc. — Major Shareholding Notification 2017

Feb 15, 2017

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G/A

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(AMENDMENT NO. 3)*

NEWTEK BUSINESS SERVICES, CORP.

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(Name of Issuer)

COMMON STOCK, $0.02 PAR VALUE

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(Title of Class of Securities)

652526203

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(CUSIP Number)

December 31, 2016

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(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 1 OF 4 PAGES

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1 NAME OF REPORTING PERSON

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Jeffrey G. Rubin

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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]

(b) [X]

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3 SEC USE ONLY

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4 CITIZENSHIP OR PLACE OF ORGANIZATION

United States

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5 SOLE VOTING POWER

578,144 shares

NUMBER OF -----------------------------------------------------------

SHARES 6 SHARED VOTING POWER

BENEFICIALLY

OWNED BY 25,565 shares

EACH -----------------------------------------------------------

REPORTING 7 SOLE DISPOSITIVE POWER

PERSON

WITH 578,144 shares

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8 SHARED DISPOSITIVE POWER

25,565 shares

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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

603,709 shares*

*Not to be construed as an admission of beneficial ownership

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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

N/A

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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

4.13%

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12 TYPE OF REPORTING PERSON

IN

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PAGE 2 OF 4 PAGES

Item 1(a) Name of Issuer:

Newtek Business Services, Corp.

Item 1(b) Address of Issuer's Principal Executive Offices:

1981 Marcus Avenue, Suite #130

Lake Success, New York 11042

Item 2(a) Name of Person Filing:

Jeffrey G. Rubin

Item 2(b) Address of the Principal Office or, if none, Residence:

40 Cutter Mill Road, Suite 302

Great Neck, NY 11021

Item 2(c) Citizenship:

United States

Item 2(d) Title of Class of Securities:

Common Stock, $0.02 par value

Item 2(e) CUSIP Number:

652526203

Item 3 N/A

Item 4 Ownership:

(a) Amount Beneficially Owned:

603,709 shares of common stock, par value $0.02,

with 578,144 shares held by Jeffrey G. Rubin

personally, 25,277 shares held by the J. Rubin

Family Foundation, of which Jeffrey G. Rubin is a

trustee, and for which Jeffrey G. Rubin disclaims

beneficial ownership, 220 shares held in a Uniform

Gifts to Minors Act (UGMA) account for the benefit

of Jordana Rubin, for which Jeffrey G. Rubin

disclaims beneficial ownership, and 68 shares held

in a UGMA account for the benefit of Amanda Rubin,

for which Jeffrey G. Rubin disclaims beneficial

ownership.

(b) Percent of Class: 4.13%

(c) Number of shares as to which such person has:

(i) sole power to vote or direct the vote:

578,144 shares

(ii) shared power to vote or direct the vote:

25,565 shares

(iii) sole power to dispose or to direct the

disposition of:

578,144 shares

(iv) shared power to dispose or to direct the

disposition of:

25,565 shares

PAGE 3 OF 4 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 [X].

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:

Not applicable.

Item 8 Identification and Classification of Members of the

Group:

Not applicable.

Item 9 Notice of Dissolution of a 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 acquired and are held in the ordinary course of

business and 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 such securities and were

were not acquired in connection with or as a participant

in any transaction having such purpose or effect.

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 15, 2017

By: /S/ JEFFREY G. RUBIN

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Name: Jeffrey G. Rubin

PAGE 4 OF 4 PAGES