CUSIP No. 918278-10-2 Page 1 of 4
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
V-ONE CORPORATION
(Name of Issuer)
Common Stock
(Title of Class of Securities)
918278-10-2
(CUSIP Number)
Charles B. Griffis
1803 Research Blvd., Suite 305
Rockville, MD 20850
(301) 838-8900
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 5, 1997
(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 ( ).
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
* The remainder of this cover page shall be filled out for a 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
"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).
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CUSIP No. 918278-10-2 Page 2 of 4
SCHEDULE 13D
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hai Hua Cheng
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ( )
(b) ( )
3 SEC USE ONLY
4 SOURCE OF FUNDS
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
Republic of China - Taiwan
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 669,139
OWNED BY EACH
REPORTING
PERSON WITH 8 SHARED VOTING POWER
None
9 SOLE DISPOSITIVE POWER
669,139
10 SHARED DISPOSITIVE POWER
None
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
669,139
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES ( )
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2%
14 TYPE OF REPORTING PERSON
IN
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CUSIP No. 918278-10-2 Page 3 of 4
Statement on Schedule 13D
This statement amends and supplements the initial statement on
Schedule 13D ("Original Statement") of Hai Hua Cheng filed with the
Securities and Exchange Commission on June 18, 1997 with respect to the
beneficial ownership by such person of shares of common stock, $0.001 par
value per share ("Common Stock"), of V-ONE Corporation, a Delaware
corporation ("Issuer"). The filing of this Amendment No. 1 is occasioned
by the transfer of 1,000,000 shares in two private transactions as
described in Item 5(c) below. Except as set forth below, the information
contained in the Original Statement.
To the extent that any information is provided herein with respect to
the Issuer, such information is provided to the knowledge of Hai Hua
Cheng.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) According to the Issuer, there were 12,803,045 shares of Common
Stock outstanding as of May 12, 1997. Hai Hua Cheng currently owns
beneficially 669,139 shares of the Issuer's Common Stock, representing
5.2% of the outstanding Common Stock.
(b) Mr. Cheng has sole voting power over the 669,139 shares held by
him.
(c) Except as set forth below, Mr. Cheng has not effected any
transaction involving the Issuer's Common Stock during the 60 days prior
to the date of this Statement.
At the time of the filing of the Original Statement, Mr. Cheng owned
1,669,139 shares of the Issuer. On June 5, 1997, Mr. Cheng transferred
1,000,000 shares of the Issuer in two private transactions.
(d) Except as set forth in this Statement, no other person is known to
have the right to receive or the power to direct the receipt of dividends
from, or the proceeeds from the sale of, the securities of the Issuer
that are owned beneficially by the reporting person.
(e) Item 5(e) is not applicable to this Statement.
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.
Date: June 18, 1997
HAI HUA CHENG
By: /s/ Hai Hua Cheng
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Hai Hua Cheng
