UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Bright, Edward D.
c/o Netsmart Technologies, Inc.
146 Nassau Avenue
Islip, New York 11751
2. Date of Event Requiring Statement (Month/Day/Year)
April 1998
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Netsmart Technologies, Inc.
NTST
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chairman of the Board
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
Common Stock, par value $.01 per share |66,000 |D | |
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
Stock Option |* |1/00 |Common Stock, par value|20,058 |$.232 |D | |
| | | $.01 per share | | | | |
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Stock Option |* |12/00 |Common Stock, par value|18,710 |$.345 |D | |
| | | $.01 per share | | | | |
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Stock Option |* |4/01 |Common Stock, par value|27,000 |$2.00 |D | |
| | | $.01 per share | | | | |
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Explanation of Responses:
* The options became exercisable prior to the date of event requiring this
statement.
SIGNATURE OF REPORTING PERSON
/s/Edward D. Bright
DATE
June 17, 1998
