FORM 3
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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
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1. Name and Address of Reporting Person 2. Date of Event Requiring 4. Issuer Name and Ticker or Trading Symbol
Statement
(Month/Day/Year) AremisSoft Corporation
HOLT, H., TATE 04/22/99 ("AREM")
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(Last) (First) (Middle) 3. IRS or Social Security 5. Relationship of Reporting 6. If Amendment,
Number of Reporting Person Person to Issuer Date of Original
(Voluntary) (Check all applicable) (Month/Day/Year)
X Director 10% Owner
Officer (give Other
title below (specify
c/o AremisSoft Corporation Corporation below)
Goldsworth House, Denton Place
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(Street)
7. Individual or
Woking Surrey GU2131G United Kindom Joint/Group Filing
- ---------------------------------------------- (check applicable
(City) (State) (Zip) line)
_X_ Form filed by One
Reporting Person
__ Form filed by More
than One Reporting
Person(s)
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Table 1 - Non-Derivative Securities Beneficially Owned
4. Nature of Indirect
2. Amount of Securities 3. Ownership Form: Direct (D) Beneficial
Beneficially Owned or Indirect (I) Ownership
1. Title of Security (Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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No securities are beneficially owned n/a n/a n/a
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Over) (Print or Type Responses)
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FORM 3 (continued)Table II - Derivative Securities Beneficially Owned (e.g.,
puts, calls, warrants, options, convertible securities)
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3. Title and 5. Ownership
2. Date Exercisable Amount of Securies Form of
and Expiration Date Underlying Derivative 4. Conversion Derivative 6. Nature
(Month/Day/Year) Security Exercise Security: of Indirect
----------- ------------ ------------------------- Price of Direct (D) Beneficial
1. Title of Derivative Security Date Exer- Expiration Amount or Number Derivative or Indirect Owernship
(Instr. 4) cisable Date Title of Shares Security (I)(Instr. 5) (Instr. 5)
- -------------------------------- ------------- ----------- ------- ---------------- -------------- ------------- -------------
Options to Purchase (1) 04/22/2004 Common 30,000 $5.00 D
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Explanation of Responses:
(1) Options are exercisable for a period of five (5) years and vesting at the
rate of 33 1/3 each year.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
*Signature of Reporting Person
Date:
/s/ H. TATE HOLT May 3, 1999
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H. Tate Holt
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See Instruction 6 for procedure.