<PAGE> 1
SCHEDULE 13G
Under the Securities Exchange Act of 1934
STAR Telecommunications, Inc.
(Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
854923109
(CUSIP Number)
Check the following if a fee is being paid with this statement [ ]. (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Items 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
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
disclosures provided in a prior cover page.
The information required on 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).
CUSIP NO.: 854923109
(1) NAMES OF REPORTING PERSON. S.S. OR I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSON:
Gotel Investments Ltd.
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions).
(a)
(b)
(3) SEC USE ONLY
(4) CITIZENSHIP OR PLACE OF ORGANIZATION:
British Virgin Islands
(5) NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
(a) Sole Voting Power: -0-
(b) Shared Voting Power: 914,406
(c) Sole Dispositive Power: -0-
(d) Shared Dispositive Power: 914,406
(6) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
914,406
(7) CHECK IF THE AGGREGATE AMOUNT IN ROW (6) EXCLUDES CERTAIN
SHARES (see Instructions):
(8) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (6):
5.556%
(9) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
CO
<PAGE> 2
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
STAR TELECOMMUNICATIONS, INC.
(ISSUER)
COMMON STOCK, $0.01 PAR VALUE
(TITLE OF CLASS OF SECURITIES)
854923109
(CUSIP NUMBER)
Check the following if a fee is being paid with this statement [ ] . (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Items 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
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
disclosures provided in a prior cover page.
The information required on 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).
CUSIP NO.: 854923109
(1) NAMES OF REPORTING PERSON. S.S. OR I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSON:
Global Investment Trust
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions).
(a)
(b)
(3) SEC USE ONLY
(4) CITIZENSHIP OR PLACE OF ORGANIZATION:
Isle of Guernsey, Channel Islands
(5) NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
(a) Sole Voting Power: -0-
(b) Shared Voting Power: 914,406
(c) Sole Dispositive Power: -0-
(d) Shared Dispositive Power: 914,406
(6) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
914,406
(7) CHECK IF THE AGGREGATE AMOUNT IN ROW (6) EXCLUDES CERTAIN
SHARES (see Instructions):
(8) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (6):
5.556%
(9) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
00
<PAGE> 3
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
STAR TELECOMMUNICATIONS, INC.
(ISSUER)
COMMON STOCK, $0.01 PAR VALUE
(TITLE OF CLASS OF SECURITIES)
854923109
(CUSIP NUMBER)
Check the following if a fee is being paid with this statement |_| . (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Items 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
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
disclosures provided in a prior cover page.
The information required on 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).
CUSIP NO.: 854923109
(1) NAMES OF REPORTING PERSON. S.S. OR I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSON:
Intertrust (Gernsey) Limited
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions).
(a)
(b)
(3) SEC USE ONLY
(4) CITIZENSHIP OR PLACE OF ORGANIZATION:
Isle of Guernsey, Channel Islands
(5) NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
(a) Sole Voting Power: -0-
(b) Shared Voting Power: 914,406
(c) Sole Dispositive Power: -0-
(d) Shared Dispositive Power: 914,406
(6) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
914,406
(7) CHECK IF THE AGGREGATE AMOUNT IN ROW (6) EXCLUDES CERTAIN
SHARES (see Instructions):
(8) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (6):
5.556%
(9) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
00
<PAGE> 4
854923109
(CUSIP NUMBER)
Item 1(a). NAME OF ISSUER:
STAR Telecommunications, Inc.
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
223 East De La Guerra St., Santa Barbara, CA 93101
Item 2(a). NAME OF PERSONS FILING:
Gotel Investments Ltd.
Global Investment Trust
Intertrust (Guernsey) Limited
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Gotel Investments Ltd.: Palm Chambers No. 3,
P.O. Box 3152, Road Town,
Tortola, Brtish Virgin Islands
Global Investment Trust: Francis House, Sir Williams
Place, St. Peter Port, Guernsey,
Channel Islands
Intertrust (Guernsey) Limited: Francis House, Sir Williams
Place, St. Peter Port, Guernsey,
Channel Islands
Item 2(c). CITIZENSHIP:
Gotel Investments Ltd.: British Virgin Islands
Global Investment Trust: Isle of Guernsey, Channel Islands
Intertrust (Guernsey) Limited: Isle of Guernsey, Channel Islands
Item 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, $0.01 par value
Item 2(e). CUSIP No.:
854923109
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.
(e) [ ] Investment Advisor registered under Section 203 of
the Investment Advisers 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 Rule 13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with
Rule 13d-1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
Item 4. OWNERSHIP
(a) Amount Beneficially Owned: 914,406
(b) Percent of Class: 5.556%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: -0-
(ii) shared power to vote or to direct
the vote: 914,406
Page 2 of 6 Pages
<PAGE> 5
854923109
(CUSIP NUMBER)
(iii) sole power to dispose or to direct the
disposition of: -0-
(iv) shared power to dispose or to direct the
disposition of: 914,406
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
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.
Date: February , 1998 By:
--------------------------------------
Walter Stresemann, Director of
Gotel Investments Ltd.
Date: February , 1998 By:
--------------------------------------
Walter Stresemann, Director of
Intertrust (Guernsey) Limited, Trustee
of the Global Investment Trust
Date: February , 1998 By:
--------------------------------------
Walter Stresemann, Director of
Intertrust (Guernsey) Limited
Page 3 of 6 Pages
<PAGE> 6
854923109
(CUSIP NUMBER)
EXHIBIT INDEX
-------------
Sequentially
Exhibit Numbered
Number Description Page
- ------ ----------- ----
1. Identification of Members of the Group..................... 5
2. Joint Reporting Agreement dated February 9, 1998........... 6
Page 4 of 6 Pages
<PAGE> 7
854923109
(CUSIP NUMBER)
EXHIBIT 1
Identification of Members of the Group
--------------------------------------
1. Gotel Investments Ltd.
2. Global Investment Trust
3. Intertrust (Guernsey) Limited
Intertrust (Guernsey) Limited is the trustee of the Global
Investment Trust, which owns all of the issued and outstanding capital stock of
Gotel Investments Ltd.
Page 5 of 6 Pages
<PAGE> 8
854923109
(CUSIP NUMBER)
EXHIBIT 2
JOINT REPORTING AGREEMENT
In consideration of the mutual covenants herein contained, each of
the parties hereto represents to and agrees with the other party as follows:
1. Such party is eligible to file a statement or statements on
Schedule 13G pertaining to the Common Stock, $.01 value per share, STAR
Telecommunications, Inc., to which this Agreement is an exhibit, for filing of
the information contained therein.
2. Such party is responsible for timely filing of such statement
and any amendments thereto and for the completeness and accuracy of the
information concerning such party contained therein, provided that no such party
is responsible for the completeness or accuracy of the information concerning
the other parties making the filing, unless such party knows or has reason to
believe that such information is inaccurate.
3. Such party agrees that such statement is filed by and on behalf
of each party and that any amendment thereto will be filed on behalf of each
such party.
This agreement may be executed in one or more counterparts, each
of which shall be deemed to be an original instrument, but all of such
counterparts together shall constitute but one agreement.
Dated: February 9, 1998 GOTEL INVESTMENTS LTD.
By:
----------------------------------------
Walter Stresemann, Director
GLOBAL INVESTMENTS TRUST
By: Intertrust (Guernsey) Limited, Trustee
By:
----------------------------------------
Walter Stresemann, Director
INTERTRUST (GUERNSEY) LIMITED
By:
----------------------------------------
Walter Stresemann, Director
Page 6 of 6 Pages
