UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington , D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _________)*
Xybernaut Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
984149104
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(CUSIP Number)
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CUSIP NO. 984149104 13G Page 2 of Pages 5
1 NAME OF REPORTING PERSON
SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Forest Avenue LLC
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2 CHECK APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF 5 SOLE VOTING POWER
SHARES 1,627,481 (See Note A)
BENEFICIALLY ______________________________________________________________
OWNED BY
EACH 6 SHARED VOTING POWER
REPORTING NA
PERSON ______________________________________________________________
WITH
7 SOLE DISPOSITIVE POWER
1,627,481 (See Note A)
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8 SHARED DISPOSITIVE POWER
NA
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,627,481 (See Note A)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES *
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.51%
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12 TYPE OF REPORTING PERSON
OO
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CUSIP NO. 984149104 13G Page 3 of Pages 5
Item 1.
a) Name of Issuer: Xybernaut Corporation
b) Address: Xybernaut Corporation
12701 Fair Lakes Circle, Suite 550
Fairfax, VA 22033
Item 2.
a) Name of Filer: Forest Avenue LLC
b) Address of Filer: Corporate Centre
Windward One
West Bay Road
P.O. Box 31106 SMB
Grand Cayman, Cayman Islands
c) Citizenship: Cayman Islands
d) Title of Class of Securities: Common Stock
e) CUSIP Number: 984149104
Item 3. If 13d filing: N/A
Item 4. Ownership
a) Amount beneficially owned: 1,627,481 (See Note A)
b) Percent of Class: 5.51%
c) Number of shares:
(i) Sole voting power -- 1,627,481 (See Note A)
(ii) Shared voting power -- na
(iii) Sole disposal power -- 1,627,481 (See Note A)
(iv) Shared disposal power - na
Item 5. Less than 5% beneficial ownership: na
Item 6. More than 5% on behalf of another: na
Item 7. Subsidiary: na
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CUSIP NO. 984149104 13G Page 4 of Pages 5
Item 8. If group: na
Item 9. Notice of Dissolution: na
Item 10. Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not have the
effect of changing or influencing the control of the issuer of such securities
and were not acquired in connection with or as a participant in any transaction
having such purposes 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.
December 22, 1999
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Date
/s/ DAVID SIMS
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Signature
Forest Avenue LLC
By Navigator Management Ltd.,
Director
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Name and Title
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CUSIP NO. 984149104 13G Page 5 of Pages 5
NOTE A
The shares of Common Stock referred to in this Form 13G are based on the
reporting person's conversion of the Series E Convertible Preferred Stock of the
Issuer into shares of Common Stock of the Issuer.
In addition to the shares of Common Stock referred to in this Form 13G the
reporting person holds warrants to purchase 50,000 shares of Common Stock of the
Issuer. These warrants contain a provision which prohibits the reporting person
from exercising its rights to purchase shares of Common Stock of the Issuer
thereunder if the reporting person owns more than 4.99% of the outstanding
shares of Common Stock of the Issuer.
