UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___ )*
First Ecom.com, Inc.
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(Name of Issuer)
Common Stock, $0.001 par value per share
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(Title of Class of Securities)
32008N 10 4
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(CUSIP Number)
Ravi K. Daswani
c/o First Ecom.com, Inc.
902 Henley Building
5 Queens Road
Central, Hong Kong
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(Name, Address and Telephone Number of Person Authorized to
Receive Notes and Communications
June 22, 2000
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(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of ss.240.13d-1(e), ss.240.13d-1(f) or
ss.240.13d-1(g), check the following box |_|.
NOTE: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See ss.240.13d-7(b)
for other parties to whom copies are to be sent.
*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.
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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>
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CUSIP NO. 32008N 10 4 Schedule 13D
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
RAVI K. DASWANI
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions) OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
[ ]
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7 SOLE VOTING POWER
NUMBER OF SHARES 1,707,461 shares
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER
1,707,461 shares
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,707,461 shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
8.9%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer
This statement on Schedule 13D ("Schedule 13D") relates to the voting
common stock, $0.001 par value per share (the "Common Stock"), of First
Ecom.com, Inc., a Nevada corporation (the "Issuer"). The address of the Issuer's
principal office is 902 Henley Building, 5 Queens Road, Central, Hong Kong.
Item 2. Identity and Background
(a) The name of the individual reporting on this Schedule 13D is Ravi K.
Daswani (the "Reporting Person")
(b) The address of the Reporting Person is:
902 Henley Building
5 Queens Road
Central, Hong Kong
(c) The principal employment of the Reporting Person is as the Chief
Operating Officer of the Issuer.
(d) During the last five years, the Reporting Person has not been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, the Reporting Person has not been a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction and was not subject to a judgement, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.
(f) The Reporting Person is not a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration
All the Common Stock held by the Reporting Person was acquired by him from
third parties. He obtained the stock in return for his promise to become a part
of the management of the issuer. He also holds stock options received in
connection with his employment.
Item 4. Purpose of Transaction
The Reporting Person acquired the Common Stock in order to have an equity
interest in the Issuer, of which the Reporting Person is Chief Operating
Officer. The Reporting Person has no plans or proposals that would relate to or
would result in any of the matters referred to in items (a) through (j) of this
item. He may form such plans or
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proposals in the future, however, in connection with his role in the management
of the Issuer.
Item 5. Interest in Securities of the Issuer
(a)-(b) The responses of the Reporting Person to Items 7 through 13 on the
cover page which relate to the beneficial ownership of the Common Stock are
incorporated herein by reference. All responses reflect beneficial ownership as
of the date of this filing.
(c) None, except as reflected in (a) and (b).
(d)-(e) None.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to
Securities of the Issuer
There are no contracts, arrangements, understandings or relationships with
respect to the securities of the Issuer between the Reporting Person and the
other person.
Item 7. Material to be Filed as Exhibits
None.
<PAGE>
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.
By: /s/ Ravi K. Daswani
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Name: Ravi K. Daswani
Date: January 3, 2000
