<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
VERISIGN, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock $.001 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
92343C 10 2
- --------------------------------------------------------------------------------
(CUSIP Number)
7/6/98
- --------------------------------------------------------------------------------
(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)
[ X ] Rule 13d-1(c)
[ ] 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 6 Pages
<PAGE> 2
CUSIP NO.
---------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
P. Joyoti Chaudhry ("P. Chaudhry")
Jagtar S. Chaudhry ("J. Chaudhry")
---------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ X ]
(b) [ ]
---------------------------------------------------------------------
(3) SEC USE ONLY
---------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A. - J. Chaudhry
India - P. Chaudhry
---------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 1,071,239 P. Chaudhry 210,951 J. Chaudhry
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 197,766 P. Chaudhry
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 1,071,239 P. Chaudhry 210,951 J. Chaudhry
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
197,766 P. Chaudhry
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,483,252 - J. Chaudhry; 1,479,956 - P. Chaudhry
---------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
N/A
---------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.6
---------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
IN
---------------------------------------------------------------------
Page 2 of 6 Pages
<PAGE> 3
Item 1(a). Name of Issuer: Verisign, Inc.
Item 1(b). Address of Issuer's
Principal Executive 1390 Shorebird Way,
Offices: Mountain View, California 94043
Item 2(a). Name of Person Jagtar S. Chaudhry
Filing: P. Jyoti Chaudhry
Item 2(b). Address of Principal c/o SecureIT, Inc.
Business Office or 5550 Triangle Pky., Suite 100
Residence: Norcross, Ga. 30092
Item 2(c). Citizenship: U.S.A. - J. Chaudhry
India - P. Chaudhry
Item 2(d). Title of Class of Securities: Common Stock, $.001 par value
Item 2(e). CUSIP Number: 92343C 10 2
Item 3. Not Applicable
Item 4. Ownership:
(a) Amount Beneficially
Owned: 1,483,252 - J. Chaudhry
1,479,956 - P. Chaudhry
(b) Percent of Class: 6.6%
Page 3 of 6 Pages
<PAGE> 4
(c) Number of Shares as to which such person has:
(i) sole power to vote
or to direct the
vote 1,017.239 - P. Chaudhry
210,951 - J. Chaudhry
(ii) shared power to vote
or to direct the
vote 197,766 - P. Chaudhry
(iii) sole power to dis-
pose or to direct
the disposition of 1,071,239 - P. Chaudhry
210,951 - J. Chaudhry
(iv) shared power to dis-
pose or to direct
the disposition of 197,766 - P. Chaudhry
Item 5. Not Applicable
Item 6. Not Applicable
Item 7. Not Applicable
Item 8. Exhibit Attached
Item 9. Not Applicable
Item 10. 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.
Page 4 of 6 Pages
<PAGE> 5
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 9, 1998.
/s/ Jagtar S. Chaudhry
-----------------------
Jagtar S. Chaudhry
/s/ P. Jyoti Chaudhry
-----------------------
P. Jyoti Chaudhry
Page 5 of 6 Pages
<PAGE> 6
EXHIBIT PURSUANT TO ITEM 8
Identity of Each Member of the Group
P. Jyoti Chaudhry and Surjit Kaur, Trustees
f/b/o P. Jyoti Chaudhry and Simran Deep
Chaudhry u/t/a 1/17/97
P. Jyoti Chaudhry and Surjit Kaur, Trustees
f/b/o P. Jyoti Chaudhry and Yash Paul Chaudhry
u/t/a 1/17/97
P. Jyoti Chaudhry and Surjit Kaur, Trustees
f/b/o P. Jyoti Chaudhry and Samir Rishi Chaudhry
u/t/a 1/17/97
Surjit Kaur, as Trustee f/b/o Manpreet Bains
u/t/a 1/19/97
Page 6 of 6 Pages
