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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 5 OMB APPROVAL
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[_] Check box if no longer OMB Number: 3235-0362
subject to Section 16. Form 4 Expires: September 30, 1998
or Form 5 obligations may Estimated average burden
continue. See Instruction 1(b). hours per response ...... 1.0
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[_] Form 3 Holdings Reported
[_] Form 4 Transactions Reported
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
Alsabery, Zane
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(Last) (First) (Middle)
31166 Via Colinas
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(Street)
Westlake Village CA USA 91362
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
NewCom, Inc. "NWCM"
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
2/1998
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5. If Amendment Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
x Director 10% Owner
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Officer (give Other (specify
----- title below) ------ below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
x Form filed by One Reporting Person
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_____ Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
Table I -- Non-Derivative Securities Acquired, Disposed of or Beneficially Owned
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature
(Instr. 3) action action or Disposed of (D) Securities Form: of Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Direct Beneficial
(Instr. 8) Owned at End (D) or Ownership
(Month/ -------------------------- of Issuer's Indirect (Instr. 4)
Day/ Amount (A) or Price Fiscal Year (I)
Year) (D) (Instr. 3 and 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 9/1/94 A 27056 A 10.00 221305 D
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Common Stock Total 221305
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting
person, see Instruction 4(b)(v).
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SEC 2270 (7-96)
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FORM 5 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security 2. Conversion 3. Transaction 4. Transaction 5. Number of Derivative 6. Date Exercisable
(Instr. 3) or Exercise Date Code Securities Acquired (A) and Expiration
Price of (Instr. 8) or Disposed of (D) Date
Derivative (Month/Day/ (Instr. 3, 4, and 5) (Month/Day/
Security Year) Year)
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(A) (D) Date Expiration
Exer- Date
cisable
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<S> <C> <C> <C> <C> <C> <C> <C>
Stock Option [1] 7.98 A 35106 6/1/07
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Stock Option Total
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<CAPTION>
7. Title and Amount of 8. Price of Derivative 9. Number of Derivative 10. Ownership of 11. Nature of
Underlying Securities Security (Instr. 5) Securities Beneficially Derivative Security: Indirect Beneficial
(Instr. 3 and 4) Owned at End of Year Direct (D) or Ownership (Instr. 4)
(Instr. 4) Indirect (I) (Instr. 4)
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Title Amount or
Number of
Shares
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<S> <C> <C> <C> <C>
Common Stock 35,106 35106 D
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Common Stock 35106
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</TABLE>
Explanation of Responses:
1. 25% on each of June 1, 1998, 1999, 2000, and 2001.
_______________________________ ______________
**Signature of Reporting Person Date
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
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SEC 2270 (7-96)
