SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13D-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(B), (C) AND (D) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(B)
(Amendment No. )*
URSUS TELECOM CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
917287 10 4
(CUSIP Number)
MAY 13, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 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).
Page 1 of 5 Pages
<PAGE>
SCHEDULE 13G
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CUSIP No. 917287 10 4 Page 2 OF 5 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Jeffrey R. Chaskin
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b) X
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 575,000
OWNED BY
EACH
REPORTING
PERSON WITH
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6 SHARED VOTING POWER 0
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7 SOLE DISPOSITIVE POWER 575,000
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8 SHARED DISPOSITIVE POWER 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
575,000 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.6%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 917287 10 4 Page 3 OF 5 PAGES
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Item 1(a). Name of Issuer:
Ursus Telecom Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
440 Sawgrass Corporate Parkway, Suite 112
Sunrise, Florida 33325
Item 2(a). Name of Person Filing:
Jeffrey R. Chaskin
Item 2(b). Address of Principal Business Office or, if None, Residence:
440 Sawgrass Corporate Parkway, Suite 112
Sunrise, Florida 33325
Item 2(c). Citizenship:
U.S.A.
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
917287 10 4
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or Rule 13d-2(b) or
(c), check whether the person filing is a:
Not Applicable
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 575,000.
(b) Percent of class: 8.6%.
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CUSIP No. 917287 10 4 Page 4 OF 5 PAGES
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(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 575,000.
(ii) Shared power to vote or to direct the vote _0_.
(iii) Sole power to dispose or to direct the disposition of 575,000.
(iv) Shared power to dispose or to direct the disposition of
__0____.
Instruction. For computations regarding securities which represent a right to
acquire an underlying security see Rule 13d-3(d)(1).
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
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CUSIP No. 917287 10 4 Page 5 OF 5 PAGES
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Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influenceing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose 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.
MAY 28, 1998
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Date
/S/ JEFFREY R. CHASKIN
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Signature
JEFFREY R. CHASKIN,
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EXECUTIVE VICE PRESIDENT &
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CHIEF OPERATING OFFICER
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Name/Title
