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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )(1)
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Abacus Direct Corporation
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(Name of Issuer)
Common Stock, $.001 par value
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(Title of Class of Securities)
002553 10 5
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(CUSIP Number)
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Page 1 of 5 pages
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CUSIP No. 002553105 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Karl M. Friedman
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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5 SOLE VOTING POWER
NUMBER OF
680,904
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING
7 680,904
PERSON ------------------------------------------------
SHARED DISPOSITIVE POWER
WITH
8 -0-
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
680,904
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[X]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.2%
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12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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ITEM 1(a). NAME OF ISSUER:
Abacus Direct Corporation (the "Company").
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
8774 Yates Drive, Westminster, Colorado 80030.
ITEM 2(a). NAME OF PERSON FILING:
Karl M. Friedman
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
8774 Yates Drive, Westminster, Colorado 80030.
ITEM 2(c). CITIZENSHIP:
Karl M. Friedman is a citizen of the United States.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $.001 par value (the "Common Stock").
ITEM 2(e). CUSIP NUMBER:
002553 10 5.
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
680,904 (Excludes 74,918, 4,590 and 4,590 shares
(collectively, the "Trust Shares") of Common Stock
owned by The Karl M. Friedman Retained Annuity Trust
(the "Friedman Trust"), The Alison Nicole Friedman
Trust and The Ashley Friedman Trust. Mr. Friedman
disclaims beneficial ownership of such shares.
Pursuant to the terms of the Friedman Trust, shares
of Common Stock having a market value of $323,475 are
subject to mandatory distribution by the Friedman
Trust to Mr. Friedman each calendar for the next five
years.).
(b) Percent of class:
7.2% (based upon 9,501,072 outstanding shares of
Common Stock as reflected in the Company's quarterly
report on Form 10-Q filed with the Securities and
Exchange Commission by the Company
Page 3 of 5 Pages
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for the quarterly period ended September 30, 1996).
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
680,904 (excludes the Trust Shares).
(ii) Shared power to vote or direct the vote: 0.
(iii) Sole power to dispose or to direct the
disposition of: 680,904 (excludes
the Trust Shares).
(iv) Shared power to dispose or to direct the
disposition of: 0.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
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 GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
Page 4 of 5 Pages
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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.
February 5, 1997
/s/ Karl M. Friedman
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Karl M. Friedman
Page 5 of 5 Pages
