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. 1)*
URSUS TELECOM CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
917287 10 4
(CUSIP Number)
DECEMBER 31, 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)
[ ] Rule 13d-1(c)
[X] 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
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SCHEDULE 13G
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CUSIP No. 917287 104 Page 2 OF 4 PAGES
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ben Christian Rispoli
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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
Swedish citizenship
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 375,000
OWNED BY
EACH
REPORTING
PERSON WITH
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6 SHARED VOTING POWER 0
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7 SOLE DISPOSITIVE POWER 375,000
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8 SHARED DISPOSITIVE POWER 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
Beneficial ownership of 375,000 shares held by Fincogest, S.A., a
Swiss nominee entity, whose holdings of common stock are
beneficially owned by the Reporting Person
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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
5.6%
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 917287 104 Page 3 OF 4 PAGES
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The Statement on Schedule 13G ("Schedule 13G"), dated May 28, 1998, which
was filed on behalf of Ben C. Rispoli with regard to his respective beneficial
ownership of shares of Common Stock, $0.01 par value (the "Shares"), of Ursus
Telecom Corporation (the "Company"), is hereby amended, supplemented and
restated as set forth below.
COVER PAGE
The Schedule 13G filed on behalf of Mr. Ben C. Rispoli is filed pursuant to
Rule 13d-1(d), and not Rule 13d-1(c) as indicated in the original 13G filing.
Because all of Mr. Rispoli's shares were acquired prior to the Company
registering the Shares under the Exchange Act, Mr. Rispoli is not subject to
Section 13(d); Mr. Rispoli is an Exempt Investor as that term is defined and
used in Exchange Act Release No. 34-39538 ("Exempt Investor").
ITEM 1.
No change.
ITEM 2.
(a) No change
(b) No change
(c) Mr. Rispoli is a Swedish citizen, not Italian as reported on the initial
filing of the 13G.
(d) No change
(e) No change
ITEMS 3 TO 9.
No change.
ITEM 10.
As an Exempt Investor, no certification such as that appearing in the
initial filing of the 13G, under Item 10, is required of Mr. Rispoli.
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CUSIP No. 917287 104 Page 4 OF 4 PAGES
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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
Date
/S/ BEN RISPOLI
Signature
BEN RISPOLI, MINORITY SHAREHOLDER
Name/Title
