UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
VERSATILITY INC.
(Name of Issuer)
COMMON STOCK, $.01 par value
(Title of Class of Securities)
925311-10-2
(CUSIP Number)
--------------------
*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).
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CUSIP No. 925311-10-2 13G Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ronald R. Charnock
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
5 SOLE VOTING POWER
NUMBER OF 1,360,000 shares
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0- shares
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 1,360,000 shares
WITH 8 SHARED DISPOSITIVE POWER
-0- shares
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,360,000 shares
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
18.9%
12 TYPE OF REPORTING PERSON *
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 925311-10-2 13G Page 3 of 5 Pages
Item 1 (a). Name of Issuer:
Versatility Inc.
Item 1 (b). Address of Issuer's Principal Executive Offices:
1781 Lee Jackson Memorial Highway, Seventh Floor, Fairfax, VA
22033
Item 2 (a). Name of Person Filing:
The Reporting Person is Ronald R. Charnock ("Charnock").
Item 2 (b). Address of Principal Business Office or, if none, Residence:
The address of the principal business office of the Reporting
Person is 1781 Lee Jackson Memorial Highway, Seventh Floor,
Fairfax, VA 22033
Item 2 (c). Citizenship:
Mr. Charnock is a United States citizen.
Item 2 (d). Title of Class of Securities:
Common Stock, $.01 par value ("Common Stock")
Item 2 (e). CUSIP Number
925311-10-2
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section
15 of the Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the
Act,
(c) [ ] Insurance Company as defined in Section
3(a)(19) of the Act,
(d) [ ] Investment Company registered under Section
8 of the Investment Company Act of 1940,
(e) [ ] Investment Advisor registered under Section
203 of the Investment Advisors Act of 1940,
(f) [ ] Employee Benefit Plan, Pension Fund which
is subject to the provisions of the
Employee Retirement Income Security Act of
1974 or Endowment Fund; see
13d-1(b)(1)(ii)(F),
(g) [ ] Parent Holding Company, in accordance with
Rule 13d-1(b)(ii)(G); see item 7,
(h) [ ] Group, in accordance with Rule
13d-1(b)(1)(ii)(H).
NOT APPLICABLE
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CUSIP No. 925311-10-2 13G Page 4 of 5 Pages
Item 4. Ownership:
(a) Amount Beneficially Owned:
Mr. Charnock owns 1,360,000 shares of Common Stock.
(b) Percent of Class:
Mr. Charnock owns 18.9% of the Common Stock.
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote: 1,360,000 shares
(ii) shared power to vote or direct the vote: NOT APPLICABLE
(iii) sole power to dispose or to direct the disposition of:
1,360,000 shares
(iv) shared power to dispose or to direct the disposition
of: NOT APPLICABLE
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 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>
CUSIP No. 925311-10-2 13G Page 5 of 5 Pages
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 10, 1997 /s/ Ronald R. Charnock
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Ronald R. Charnock
