LK GLOBAL HOLDINGS NV
4, 1999-11-10
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                                     FORM 4

                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP



|_|     Check this box if no longer subject
        to Section 16.  Form 4 or Form 5
        obligations may continue.  See
        Instruction 1(b).


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

(Print or Type Responses)
<TABLE>
<S>                                         <C>                                              <C>
1.  Name and Address of Reporting Person*   2.  Issuer Name and Ticker or Trading Symbol     5.  Relationship of
                                                                                                 Reporting Person(s) to Issuer
                                                        AremisSoft Corporation                   (Check all applicable)
LK GLOBAL (HOLDINGS) NV                                       ("AREM")                           Director          X  10% Owner
                                                                                                 Officer              Other
                                                                                                 (give title below)  (specify below)

- - -----------------------------------------   ----------------  --------------------------     --------------------------------------
(Last)       (First)          (Middle)      3. Statement for    4. If Amendment, Date of
                                               Month/Year          Original (Month/Year)
Evie Building
123 Strovolos Avenue                           October 1999                  n/a
P.O. Box 28300                                 ------------        ---------------------
- - ---------------------------------------
(Street)                                                                                    6.  Individual or Joint/Group Filing
                                                                                                    (Check Applicable Line)
                                                                                             xx Form filed by one Reporting Person
                                                                                                Form filed by More than One
2092 Strovolos   Nicosia   Cyprus                                                               Reporting Person
- - --------------------------------------
(City)         (State)          (Zip)

</TABLE>


TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED

<TABLE>
<S>                  <C>                 <C>               <C>                    <C>              <C>           <C>

                                                                                   5. Amount of
                                                           4. Securities              Securities   6. Ownership   7. Nature of
                                                              Acquired (A) or         Beneficially    Form: Direct   Indirect
                                          3. Transaction      Disposed of (D)         Owned at End    (D) or         Beneficial
1. Title of Security 2. Transaction Date     Code(Instr.8.)   (Instr. 3, 4 and 5)     of Month        Indirect (I    Ownership
      (Instr. 3)         (Mo./Day/Yr.)        Code     V      Amount  (A)or(D) Price  (Instr.3,4,5)   (Instr. 4)     (Instr. 4)
- - -------------------- -------------------   -------- -------   ------- -------- -----  --------------  -----------    ----------

Common Stock             October 8, 1999       S        V     1,200,000  (D)   $11.00   3,493,630          (D)       n/a
- - ------------------------------------------------------------------------------------------------------------------------------------
                                                                                        6,533,630          (I)     Pursuant to a
                                                                                                                   Stock Purchase
                                                                                                                   Agreement and
                                                                                                                   Voting Agreement
                                                                                                                   entered into by
                                                                                                                   and between LK
                                                                                                                   Global (Holdings)
                                                                                                                   NV and Info-quest
                                                                                                                   SA
- - ------------------------------------------------------------------------------------------------------------------------------------

</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).


<PAGE>2



FORM 4 (continued) TABLE II - DERIVATIVE  SECURITIES  ACQUIRED,  DISPOSED OF, OR
BENEFICIALLY OWNED(e.g., puts, calls, warrants, options, convertible securities)

<TABLE>
<S>        <C>          <C>       <C>        <C>             <C>          <C>               <C>      <C>        <C>        <C>


                                                             6.Date                                  9.Number   10.Owner-
                                             5.Number        Exercisable   7.Title and               of Deriv-  ship Form
                                             of Derivitive   and Expira-   Amount of                 itive      of Deriv-
                                             Securities      tion Date     Underlying                Securities itive
                                  4.Trans-   Aquired (A)     (Mo./Day/Yr.) Securities       8.Price  Benefi-    Security
1.Title    2.Conversion 3.Trans-  action     or Disposed     ------------- (Instr.3 and 4)  of Deri- cially     Direct     11.Nature
of         or Exercise  action    Code       of (D)          Date          ---------------- vitive   owned at   (D) or     of Bene-
Derivitive Price of     Date      (Instr. 8) (Instr. 3,4,5)  Exer- Expira-        Amount or Security End of     Indirect   ficial
Security   Derivitive   (Mo./Day/ ---------- --------------  cis-  tion           Number of (Instr.  Month      (I)        Ownership
(Instr.3)  Security       Yr.)    Code    V     A      D     able  Date    Title  Shares    5)       (Instr.4)  (Instr. 4) (Instr.4)
- - ---------- ------------ --------- ----- ----  ----- -------  ----- ------- ------ --------- -------- ---------  ---------- ---------


</TABLE>

Explanation of Responses:

(1)  LK Global (Holdings) NV is a corporation organized in the Netherlands.  Dr.
     Kyprianou is the sole director and shareholder of LK Global (Holdings) NV.


**Intentional  misstatements or omissions of facts  constitute  Federal Criminal
Violations. /s/ See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

LK GLOBAL (HOLDINGS) NV, a Netherlands Corporation


/s/  DR. LYCOURGOS K. KYPRIANOU                            November 10, 1999
- - -----------------------------------------                --------------------
     Dr. Lycourgos K. Kyprianou,                                 Date
     Managing Director

*Signature of Reporting Person

Note:  File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.


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