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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. ____)*
INCOMNET, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, No Par Value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
453365 20-7
- --------------------------------------------------------------------------------
(CUSIP Number)
Robert S. Matlin, Esq.
Camhy Karlinsky & Stein LLP
1740 Broadway, 16th floor
New York, New York 10019
(212) 977-6600
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 11, 1998
- --------------------------------------------------------------------------------
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following
box |X|.
Check the following box if a fee is being paid with this statement |_|. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) 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.
The information required in 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 (the "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>
SCHEDULE 13D
_______________________________________________________________________________
CUSIP No. 45765C 10-3 Page 2 of 23 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
Robert Cohen
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
______________________________________________________________________________
| |
| 7 | SOLE VOTING POWER
| | 2,919,559 shares (see Item 4)
|_____|________________________________________________________
| |
NUMBER OF | 8 | SHARED VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 9 | SOLE DISPOSITIVE POWER
REPORTING | | 2,919,559 shares
PERSON WITH |_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,919,599 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
_______________________________________________________________________________
CUSIP No. 45765C 10-3 Page 3 of 23 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
Jeffrey Rubin
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_______________________________________________________________________________
| |
| 7 | SOLE VOTING POWER
| | 6,000 shares
|_____|________________________________________________________
| |
NUMBER OF | 8 | SHARED VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 9 | SOLE DISPOSITIVE POWER
REPORTING | | 6,000 shares
PERSON WITH |_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,000 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
less than .0%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
_______________________________________________________________________________
CUSIP No. 45765C 10-3 Page 4 of 23 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
Stefanie Rubin
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_______________________________________________________________________________
| |
| 7 | SOLE VOTING POWER
| | 2,374,982 shares (see Item 4)
|_____|________________________________________________________
| |
NUMBER OF | 8 | SHARED VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 9 | SOLE DISPOSITIVE POWER
REPORTING | | 2,374,982 shares
PERSON WITH |_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,374,982 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.2%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
_______________________________________________________________________________
CUSIP No. 45765C 10-3 Page 5 of 23 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
Allyson Cohen
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_______________________________________________________________________________
| |
| 7 | SOLE VOTING POWER
| | 523,434 shares (see Item 4)
|_____|________________________________________________________
| |
NUMBER OF | 8 | SHARED VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 9 | SOLE DISPOSITIVE POWER
REPORTING | | 523,434 shares
PERSON WITH |_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
523,434 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
_______________________________________________________________________________
CUSIP No. 45765C 10-3 Page 6 of 23 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
Jeffrey Cohen
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_______________________________________________________________________________
| |
| 7 | SOLE VOTING POWER
| | 1,517,303 shares (see Item 4 and Item 5)
|_____|________________________________________________________
| |
NUMBER OF | 8 | SHARED VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 9 | SOLE DISPOSITIVE POWER
REPORTING | | 1,517,303 shares
PERSON WITH |_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,517,303 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
_______________________________________________________________________________
CUSIP No. 45765C 10-3 Page 7 of 23 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
Alan Cohen
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_______________________________________________________________________________
| |
| 7 | SOLE VOTING POWER
| | 754,811 shares (see Item 4)
|_____|________________________________________________________
| |
NUMBER OF | 8 | SHARED VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 9 | SOLE DISPOSITIVE POWER
REPORTING | | 754,811 shares
PERSON WITH |_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
754,811 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
_______________________________________________________________________________
CUSIP No. 45765C 10-3 Page 8 of 23 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
Meryl Cohen
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_______________________________________________________________________________
| |
| 7 | SOLE VOTING POWER
| | 608,811 shares (see Item 4)
|_____|________________________________________________________
| |
NUMBER OF | 8 | SHARED VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 9 | SOLE DISPOSITIVE POWER
REPORTING | | 608,811 shares
PERSON WITH |_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
608,811 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
_______________________________________________________________________________
CUSIP No. 45765C 10-3 Page 9 of 23 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
Meryl Cohen, custodian for Gabrielle Cohen
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_______________________________________________________________________________
| |
| 7 | SOLE VOTING POWER
| | 256,522 shares (see Item 4)
|_____|________________________________________________________
| |
NUMBER OF | 8 | SHARED VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 9 | SOLE DISPOSITIVE POWER
REPORTING | | 256,522 shares
PERSON WITH |_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
256,522 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
_______________________________________________________________________________
CUSIP No. 45765C 10-3 Page 10 of 23 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
Meryl Cohen, custodian for Jaclyn Cohen
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_______________________________________________________________________________
| |
| 7 | SOLE VOTING POWER
| | 256,522 shares (see Item 4)
|_____|________________________________________________________
| |
NUMBER OF | 8 | SHARED VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 9 | SOLE DISPOSITIVE POWER
REPORTING | | 256,522 shares
PERSON WITH |_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
256,522 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
_______________________________________________________________________________
CUSIP No. 45765C 10-3 Page 11 of 23 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
Meryl Cohen, custodian for Erica Cohen
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_______________________________________________________________________________
| |
| 7 | SOLE VOTING POWER
| | 256,522 shares (see Item 4)
|_____|________________________________________________________
| |
NUMBER OF | 8 | SHARED VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 9 | SOLE DISPOSITIVE POWER
REPORTING | | 256,522 shares
PERSON WITH |_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
256,522 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
_______________________________________________________________________________
CUSIP No. 45765C 10-3 Page 12 of 23 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
Meryl Cohen, custodian for Nicole Cohen
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_______________________________________________________________________________
| |
| 7 | SOLE VOTING POWER
| | 256,522 shares (see Item 4)
|_____|________________________________________________________
| |
NUMBER OF | 8 | SHARED VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 9 | SOLE DISPOSITIVE POWER
REPORTING | | 256,522 shares
PERSON WITH |_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
256,522 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.8%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
_______________________________________________________________________________
CUSIP No. 45765C 10-3 Page 13 of 23 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
Lenore Katz
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
_______________________________________________________________________________
| |
| 7 | SOLE VOTING POWER
| | 426,060 shares (see Item 4)
|_____|________________________________________________________
| |
NUMBER OF | 8 | SHARED VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 9 | SOLE DISPOSITIVE POWER
REPORTING | | 426,060 shares
PERSON WITH |_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
426,060 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
_______________________________________________________________________________
CUSIP No. 45765C 10-3 Page 14 of 23 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSONS
Broadway Partners (Stefanie Rubin, Allyson Cohen, Jeffrey Cohen,
and Meryl Cohen as custodian for Gabrielle Cohen and Jaclyn
Cohen individually are the partners of the partnership)
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS*
PF
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
_______________________________________________________________________________
| |
| 7 | SOLE VOTING POWER
| | 993,869 shares (see Item 4 and Item 5)
|_____|________________________________________________________
| |
NUMBER OF | 8 | SHARED VOTING POWER
SHARES | | -0-
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 9 | SOLE DISPOSITIVE POWER
REPORTING | | 993,869 shares
PERSON WITH |_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| | -0-
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
993,869 shares
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
PN
______________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
|------------------------------|
| Page 15 of 23 Pages |
|------------------------------|
Item 1. Security and Issuer
This statement, filed on behalf of Robert Cohen, Jeffrey Rubin, Stefanie Rubin,
Allyson Cohen, Jeffrey Cohen, Alan Cohen, Meryl Cohen (individually and as
custodian for Gabrielle Cohen, Jaclyn Cohen, Erica Cohen, and Nicole Cohen),
Lenore Katz, and Broadway Partners (the "Reporting Persons"), relates to the
Series A and Series B preferred stock (collectively the "Preferred Stock") and
the common stock, no par value per share (the "Common Stock"), issued by
Incomnet, Inc. ("Incomnet" or the "Company"), which has its principal executive
offices at 21031 Ventura Boulevard, Suite 1100, Woodland Hills, California
91364.
Item 2. Identity and Background
Incomnet is a California corporation engaged in the business of (i) marketing
long distance telecommunication systems to commercial and residential customers
in the United States, (ii) manufacturing and marketing optical systems to retail
optical stores and wholesale optical lens manufacturing laboratories, and (iii)
developing and marketing computer software for insurance-related claims
administration.
Incomnet maintains its principal office and its principal business operations at
21031 Ventura Boulevard, Suite 1100, Woodland Hills, California 91364. The
following persons comprise the Reporting Persons: Robert Cohen, Jeffrey Rubin,
Stefanie Rubin, Allyson Cohen, Jeffrey Cohen, Alan Cohen, Meryl Cohen
(individually and as custodian for Gabrielle Cohen, Jaclyn Cohen, Erica Cohen,
and Nicole Cohen), Lenore Katz, and Broadway Partners.
- --------------------------------------------------------------------------------
Name and Address Occupation or Employment
- --------------------------------------------------------------------------------
Robert Cohen Chief Executive Officer
1500 Hempstead Turnpike Cohen's Fashion Optical, Inc.
East Meadow, New York 11554
Jeffrey Rubin Executive
111 Deer Run
Roslyn Heights, New York 11577-1969
Stefanie Rubin Individual Investor
111 Deer Run
Roslyn Heights, New York 11577-1969
Allyson Cohen School Teacher
1500 Hempstead Turnpike
East Meadow, New York 11554
Jeffrey Cohen Partner
1500 Hempstead Turnpike Dura-Lens Co., Inc.
East Meadow, New York 11554
Alan Cohen President
1500 Hempstead Turnpike Cohen's Fashion Optical, Inc.
East Meadow, New York 11554
Meryl Cohen Housewife
(individually and as custodian for
Gabrielle Cohen, Jaclyn Cohen,
Erica Cohen, and Nicole Cohen)
3 Surrey Lane
Old Westbury, New York 11568
<PAGE>
|------------------------------|
| Page 16 of 23 Pages |
|------------------------------|
- --------------------------------------------------------------------------------
Name and Address Occupation or Employment
- --------------------------------------------------------------------------------
Lenore Katz Optometric Doctor
1350 99th Street
Bay Harbor, Florida 33154
Broadway Partners Investment Partnership
Jeffrey Cohen, Partner
1500 Hempstead Turnpike
East Meadow, New York 11554
During the last five years, none of the Reporting Persons have been convicted in
a criminal proceeding (excluding traffic violations or similar misdemeanors) or
have been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which any of them were or is subject to a
judgment, 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.
Each of the Reporting Persons, with the exception of Broadway Partners, is a
citizen of the United States. Broadway Partners is a New York partnership.
Item 3. Source and Amount of Funds or Other Consideration
The source and the amount of funds or other consideration used by the Reporting
Persons to acquire shares of Preferred Stock were personal funds. The conversion
of the Preferred Stock did not require the payment of any additional funds. The
aggregate purchase price for the shares of Preferred Stock is approximately
$2,242,000.
Item 4. Purpose of Transaction
Beginning in July, 1997, the Reporting Persons purchased shares of Preferred
Stock which were convertible into shares of Common Stock at a discount to
market. The terms of the Preferred Stock are set forth in the Certificate of
Determination filed by the Company. Each of the Reporting Persons acquired their
shares solely for investment purposes. On June 10, 1998 and June 11, 1998, as
described in Item 5, the Reporting Persons, with the exception of Jeffrey Rubin,
requested the conversion of (i) 809 shares of Series A Preferred Stock for an
aggregate total of 4,345,797 shares of Common Stock and (ii) 832 shares of
Series B Preferred Stock for an aggregate total of 4,599,734 shares of Common
Stock. According to a press release dated June 15, 1998, the Company stated that
it does not have enough shares of Common Stock to complete the recent conversion
requests. The Company reported that it has a shortfall of 11,519,310 shares of
Common Stock. Accordingly, the Reporting Persons will jointly withdraw their
requests to convert to the extent the Company does not have enough shares of
Common Stock to satisfy the conversion. The Reporting Persons also reserve their
rights against the Company with respect to the failed conversions.
On March 31, 1998, National Telephone & Communications, Inc. ("NTC"), a wholly
owned subsidiary of Incomnet entered into a definitive Asset Purchase Agreement
(the "NTC Agreement") with NTC Acquisition, Inc., a newly formed unaffiliated
buyer (the "Buyer"), pursuant to which NTC has agreed to sell substantially all
of its assets to the Buyer, and the Buyer has agreed to assume certain
liabilities of the Company, subject to the terms and conditions of the NTC
Agreement. The buyer is controlled by John R. Dennis, an unaffiliated
individual. In order for the sale of the assets to close, certain conditions
must be satisfied, including, but not limited to, gaining approval of the NTC
Agreement by more than 50% of the total issued and outstanding voting stock of
the Company. The Reporting Persons have decided that they will vote together, to
the extent they have voting rights, with respect to such transaction. At this
time, they have not decided how they will vote.
<PAGE>
|------------------------------|
| Page 17 of 23 Pages |
|------------------------------|
Although the Reporting Persons currently do not have any present plans or
proposals, except those set forth above, which would result in any of the
actions specified in clauses (a) through (j) of Item 4 of the Schedule 13D of
the Act, the Reporting Persons are exploring various options to accomplish their
investment purposes. Each of the Reporting Persons reserve the right to
determine in the future whether to change the purposes described above.
Item 5. Interest in Securities of the Issuer
(a) and (b) Based on the facts set forth in the response to Item 4, the
Reporting Persons may be deemed to have acted as a group within the meaning of
Section 13(d)(3) of the Act. However, each Reporting Person disclaims beneficial
ownership of the Common Stock held by the other Reporting Persons (or their
respective spouses or children).
As a result, the number and percentage of Common Stock beneficially owned by
each Reporting Person is as follows (all percentages assume that 31,519,310
shares of Common Stock are outstanding, assuming full conversion of all
Preferred Stock, as reported by Incomnet in its Form 8-K, filed with the
Securities and Exchange Commission on June 17, 1998).
<TABLE>
<CAPTION>
Percentage Sole Sole Shared
of Voting Shared Voting Dispositive Dispositive
Entity Class Power Power Power Power
- --------------------------- ------------------ ------------------ ------------------ ------------------ ------------------
<S> <C> <C> <C> <C> <C>
Robert Cohen (1) 9.2% 2,919,599 -0- 2,919,559 -0-
Jeffrey Rubin (2) less than .0% 6,000 -0- 6,000 -0-
Stefanie Rubin (3) 7.2% 2,374,982 -0- 2,374,982 -0-
Allyson Cohen (4) 1.7% 523,434 -0- 523,434 -0-
Jeffrey Cohen (5) 4.8% 1,517,303 -0- 1,517,303 -0-
Alan Cohen (6) 2.4% 754,811 -0- 754,811 -0-
Meryl Cohen (7) 1.9% 608,811 -0- 608,811 -0-
Meryl Cohen, 0.8% 256,522 -0- 256,522 -0-
custodian for Gabrielle
Cohen (8)
Meryl Cohen, 0.8% 256,522 -0- 256,522 -0-
custodian for Jaclyn
Cohen (9)
Meryl Cohen, 0.8% 256,522 -0- 256,522 -0-
custodian for Erica
Cohen (10)
Meryl Cohen, 0.8% 256,522 -0- 256,522 -0-
custodian for Nicole
Cohen (11)
Lenore Katz (12) 1.4% 426,060 -0- 426,060 -0-
Broadway Partners (13) 3.2% 993,869 -0- 993,869 -0-
</TABLE>
<PAGE>
|------------------------------|
| Page 18 of 23 Pages |
|------------------------------|
- ----------
(1) Robert Cohen previously filed a Schedule 13-G on March 20, 1998. As of the
date hereof, Robert Cohen is the holder of (i) currently exercisable
warrants to purchase 100,000 shares of Common Stock, at an exercise price
of $3.75, which expire on December 9, 1999 and (ii) currently exercisable
warrants to purchase 6,000 shares of Common Stock at an exercise price of
$1.09 which expire on January 20, 2000. Within the past sixty (60) days,
Robert Cohen converted approximately (i) 488 shares of Series A Preferred
Stock into an aggregate of 2,460,934 shares of Common Stock and (ii) 208
shares of Series B Preferred Stock into a total of 1,488,375 shares of
Common Stock, some of which have been sold as described in Item 5(c). In
addition, the Company is unable to deliver all of the converted shares.
(2) Jeffrey Rubin is the holder of currently exercisable warrants to purchase
6,000 shares of Common Stock, at an exercise price of $1.09, which expire
on January 20, 2000. Jeffrey Rubin, the spouse to Stefanie Rubin,
disclaims beneficial ownership of any Common Stock held by her.
(3) Stefanie Rubin previously filed a Schedule 13-G on March 9, 1998. As of
the date hereof, Stefanie Rubin is the holder of (i) currently exercisable
warrants to purchase 10,000 shares of Common Stock, at an exercise price
of $3.75, which expire on December 9, 1999, (ii) currently exercisable
warrants to purchase 16,666 shares of Common Stock, at an exercise price
of $3.50, which expire on July 29, 1999, (iii) currently exercisable
warrants to purchase 55,000 shares of Common Stock, at an exercise price
of $2.00, which expire on November 3, 1999, and (iv) 450 shares of Series
B Preferred Stock, which may be currently converted into 1,323,529 shares
of Common Stock. The conversion price for the Series B Preferred Stock,
which is $0.34, equals 80% of the average closing price for the Common
Stock on the trading days between June 9, 1998 and June 15, 1998. Within
the past sixty (60) days, Stefanie Rubin converted approximately (i) 5
shares of Series A Preferred Stock into 23,339 shares of Common Stock and
(ii) 197 shares of Series B Preferred Stock into 897,640 shares of Common
Stock, some of which have been sold as described in Item 5(c). In
addition, the Company is unable to deliver all of the converted shares.
Stefanie Rubin, the spouse to Jeffrey Rubin, disclaims beneficial
ownership of any Common Stock held by him.
(4) Allyson Cohen is the holder of currently exercisable warrants to
purchase 50,000 shares of Common Stock, at an exercise price of $3.75,
which expire on December 9, 1999. Within the past sixty (60) days, Allyson
Cohen converted approximately 104 shares of Series B Preferred Stock into
473,434 shares of Common Stock. The Company is unable to deliver all of
the converted shares.
(5) Jeffrey Cohen is the holder of currently exercisable warrants to purchase
50,000 shares of Common Stock, at an exercise price of $3.75, which expire
on December 9, 1999. Within the past sixty (60) days, Jeffrey Cohen
converted approximately 104 shares of Series B Preferred Stock into
473,434 shares of Common Stock. The Company is unable to deliver all of
the converted shares. Jeffrey Cohen directs the voting and dispositive
powers of Broadway Partners (see footnote (13)).
(6) Alan Cohen is the holder of (i) currently exercisable warrants to purchase
100,000 shares of Common Stock, at an exercise price of $3.75, which
expire on December 9, 1999 and (ii) currently exercisable warrants to
purchase 6,000 shares of Common Stock, at an exercise price of $1.09,
which expire on January 20, 2000. Within the past sixty (60) days, Alan
Cohen converted approximately 104 shares of Series B Preferred Stock into
an aggregate of 608,811 shares of Common Stock. The Company is unable to
deliver all of the converted shares.
(7) Within the past sixty (60) days, Meryl Cohen converted approximately 104
shares of Series B Preferred Stock into an aggregate of 608,811 shares of
Common Stock. The Company is unable to deliver all of the converted
shares.
(8) Within the past sixty (60) days, Meryl Cohen, as custodian for Gabrielle
Cohen, converted approximately 52 shares of Series A Preferred Stock into
an aggregate of 300,121 shares of Common Stock, some of which have been
sold as described in Item 5(c). In addition, the Company is unable to
deliver all of the converted shares.
(9) Within the past sixty (60) days, Meryl Cohen, as custodian for Jaclyn
Cohen, converted approximately 52 shares of Series A Preferred Stock into
an aggregate of 300,121 shares of Common Stock, some of which have been
sold as described in Item 5(c). In addition, the Company is unable to
deliver all of the converted shares.
(10) Within the past sixty (60) days, Meryl Cohen, as custodian for Erica
Cohen, converted approximately 52 shares of Series A Preferred Stock into
an aggregate of 300,121 shares of Common Stock, some of which have been
sold as described in Item 5(c). In addition, the Company is unable to
deliver all of the converted shares.
<PAGE>
|------------------------------|
| Page 19 of 23 Pages |
|------------------------------|
(11) Within the past sixty (60) days, Meryl Cohen, as custodian for Nicole
Cohen, converted approximately 52 shares of Series A Preferred Stock into
an aggregate of 300,121 shares of Common Stock, some of which have been
sold as described in Item 5(c). In addition, the Company is unable to
deliver all of the converted shares.
(12) Lenore Katz is the holder of (i) currently exercisable warrants to
purchase 10,000 shares of Common Stock, at an exercise price of $3.75,
which expire on December 9, 1999 and (ii) currently exercisable warrants
to purchase 16,666 shares of Common Stock, at an exercise price of $3.50,
which expire on July 29, 1999. Within the past sixty (60) days, Lenore
Katz converted approximately 135 shares of Series A Preferred Stock into
750,082 shares of Common Stock, some of which have been sold as described
in Item 5(c). In addition, the Company is unable to deliver all of the
converted shares.
(13) Broadway Partners is the holder of currently exercisable warrants to
purchase 40,000 shares of Common Stock, at an exercise price of $3.75,
which expire on December 9, 1999. Within the past sixty (60) days,
Broadway Partners converted approximately 208 shares of Series B Preferred
Stock into 946,869 shares of Common Stock. The Company is unable to
deliver all of the converted shares.
(c) The following transactions in the Company's securities by the Reporting
Persons have been effected during the past sixty (60) days:
Within the past sixty (60) days, Robert Cohen requested the following
conversions:
Amount and Type of Amount of Conversion
Date Preferred Stock Common Shares Price
- --------------- -------------------------- --------------- ------------
May 15, 1998 8 shares of Series A 26,471 $0.31
May 18, 1998 9 shares of Series A 27,467 $0.31
May 29, 1998 3 shares of Series A 11,765 $0.24
June 10, 1998 208 shares of Series B 1,488,375 $0.14
June 10, 1998 51 shares of Series A 366,849 $0.14
June 10, 1998 51 shares of Series A 366,849 $0.14
June 11, 1998 366 shares of Series A 1,661,533 $0.22
Between May 15, 1998 and June 10, 1998, Robert Cohen sold an aggregate of
1,182,000 shares of Common Stock in open market transactions at an aggregate
sale price of $459,273.00, with individual prices ranging from $0.31 to $0.44
per share and an average per share price of $0.40.
Jeffrey Rubin, within the past sixty (60) days, has not affected any
transactions or conversions, however, on or about May 20, 1998, the Company
fulfilled its obligation to Jeffrey Rubin under a promissory note that was
convertible into 102,777 shares of Common Stock. Mr. Rubin did not receive any
shares.
Within the past sixty (60) days, Stefanie Rubin requested the following
conversions:
Amount and Type of Amount of Conversion
Date Preferred Stock Common Shares Price
- --------------- -------------------------- --------------- ------------
May 14, 1998 25 shares of Series B 83,333 $0.30
June 11, 1998 172 shares of Series B 814,307 $0.22
June 11, 1998 5 shares of Series A 23,339 $0.22
Between April 15, 1998 and June 12, 1998, Stefanie Rubin sold an aggregate of
111,000 shares of Common Stock in open market transactions for an aggregate sale
price of $47,675.00, with individual prices ranging from $0.31 to $0.56 per
share and an average per share price of $0.44.
<PAGE>
|------------------------------|
| Page 20 of 23 Pages |
|------------------------------|
Within the past sixty (60) days, Allyson Cohen requested the following
conversion:
Amount and Type of Amount of Conversion
Date Preferred Stock Common Shares Price
- --------------- -------------------------- --------------- ------------
June 11, 1998 104 shares of Series B 473,434 $0.22
Within the past sixty (60) days, Jeffrey Cohen requested the following
conversion:
Amount and Type of Amount of Conversion
Date Preferred Stock Common Shares Price
- --------------- -------------------------- --------------- ------------
June 11, 1998 104 shares of Series B 473,434 $0.22
Within the past sixty (60) days, Alan Cohen requested the following conversions:
Amount and Type of Amount of Conversion
Date Preferred Stock Common Shares Price
- --------------- -------------------------- --------------- ------------
June 10, 1998 52 shares of Series B 372,094 $0.14
June 11, 1998 52 shares of Series B 236,717 $0.22
Within the past sixty (60) days, Meryl Cohen requested the following
conversions:
Amount and Type of Amount of Conversion
Date Preferred Stock Common Shares Price
- --------------- -------------------------- --------------- ------------
June 10, 1998 52 shares of Series B 372,094 $0.14
June 11, 1998 52 shares of Series B 236,717 $0.22
Within the past sixty (60) days, Meryl Cohen, acting as custodian for Gabrielle
Cohen, requested the following conversions:
Amount and Type of Amount of Conversion
Date Preferred Stock Common Shares Price
- --------------- -------------------------- --------------- ------------
June 10, 1998 26 shares of Series A 183,424 $0.14
June 11, 1998 26 shares of Series A 116,697 $0.22
<PAGE>
|------------------------------|
| Page 21 of 23 Pages |
|------------------------------|
Within the past sixty (60) days, Meryl Cohen, acting as custodian for Jaclyn
Cohen, requested the following conversions:
Amount and Type of Amount of Conversion
Date Preferred Stock Common Shares Price
- --------------- -------------------------- --------------- ------------
June 10, 1998 26 shares of Series A 183,424 $0.14
June 11, 1998 26 shares of Series A 116,697 $0.22
Within the past sixty (60) days, Meryl Cohen, acting as custodian for Erica
Cohen, requested the following conversions:
Amount and Type of Amount of Conversion
Date Preferred Stock Common Shares Price
- --------------- -------------------------- --------------- ------------
June 10, 1998 26 shares of Series A 183,424 $0.14
June 11, 1998 26 shares of Series A 116,697 $0.22
Within the past sixty (60) days, Meryl Cohen, acting as custodian for Nicole
Cohen, requested the following conversions:
Amount and Type of Amount of Conversion
Date Preferred Stock Common Shares Price
- --------------- -------------------------- --------------- ------------
June 10, 1998 26 shares of Series A 183,424 $0.14
June 11, 1998 26 shares of Series A 116,697 $0.22
On June 10, 1998 and June 11, 1998, Meryl Cohen, as custodian for and acting on
behalf of Gabrielle Cohen, Jaclyn Cohen, Erica Cohen, and Nicole Cohen, sold for
each of these individual accounts an aggregate of 53,600 shares of Common Stock
in open market transactions for an aggregate sale price of $23,817.00, with
individual prices ranging from $0.44 to $0.47 per share and an average per share
price of $0.46.
Within the past sixty (60) days, Lenore Katz requested the following
conversions:
Amount and Type of Amount of Conversion
Date Preferred Stock Common Shares Price
- --------------- -------------------------- --------------- ------------
June 10, 1998 51 shares of Series A 366,849 $0.14
June 11, 1998 84 shares of Series A 383,233 $0.22
Between April 16, 1998 and June 11, 1998, Lenore Katz sold an aggregate of
350,688 shares of Common Stock in open market transactions at an aggregate sale
price of $125,054.00, with individual prices ranging from $0.19 to $0.75 per
share and an average per share price of $0.46.
Within the past sixty (60) days, Broadway Partners requested the following
conversions:
Amount and Type of Amount of Conversion
Date Preferred Stock Common Shares Price
- --------------- -------------------------- --------------- ------------
June 11, 1998 208 shares of Series B 946,869 $0.22
<PAGE>
|------------------------------|
| Page 22 of 23 Pages |
|------------------------------|
(d) None of the Reporting Persons know of any person who has the right to
receive or the power to direct the receipt of dividends from, or the proceed
from the sale of, the shares of the Common Stock of the Company.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Except as otherwise noted, there are no contracts, arrangements, understandings
or relationships (legal or otherwise) among the persons named in Item 2 and
between such persons and any person with respect to any securities of Incomnet,
including but not limited to transfer or voting of any of the securities,
finder's fees, joint ventures, loan or option arrangements, puts or calls,
guarantees of profits, division of profits or loss, or the giving or withholding
of proxies.
Item 7. Material to Be Filed as Exhibits
Exhibit A - Joint Filing Agreement among the Reporting Persons.
<PAGE>
|------------------------------|
| Page 23 of 23 Pages |
|------------------------------|
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.
June 17, 1998
/s/ ROBERT COHEN
---------------------------------
Robert Cohen
/s/ JEFFREY RUBIN
---------------------------------
Jeffrey Rubin
/s/ STEFANIE RUBIN
---------------------------------
Stefanie Rubin
/s/ ALLYSON COHEN
---------------------------------
Allyson Cohen
/s/ JEFFREY COHEN
---------------------------------
Jeffrey Cohen
/s/ ALAN COHEN
---------------------------------
Alan Cohen
/s/ MERYL COHEN
---------------------------------
Meryl Cohen
GABRIELLE COHEN
By: /s/ MERYL COHEN
---------------------------------
Meryl Cohen, Custodian
JACLYN COHEN
By: /s/ MERYL COHEN
---------------------------------
Meryl Cohen, Custodian
ERICA COHEN
By: /s/ MERYL COHEN
---------------------------------
Meryl Cohen, Custodian
NICOLE COHEN
By: /s/ MERYL COHEN
---------------------------------
Meryl Cohen, Custodian
/s/ LENORE KATZ
---------------------------------
Lenore Katz
BROADWAY PARTNERS
By: /s/ JEFFREY COHEN
---------------------------------
Jeffrey Cohen
<PAGE>
Exhibit A
JOINT FILING AGREEMENT
Each of the undersigned hereby agrees to file jointly the statement on
Schedule 13D to which this Agreement is attached, and any amendments thereto
which may be deemed necessary, pursuant to Regulation 13d (2)(f) promulgated
under the Securities Exchange Act of 1934, as amended.
It is understood and agreed that each of the parties hereto is responsible
for the timely filing of such statement and any amendments thereto, and for the
completeness and accuracy of information concerning such party contained
therein, but such party is not responsible for the completeness or accuracy of
information concerning any other party unless such party knows or has reason to
believe that such information is inaccurate.
It is understood and agreed that a copy of this Agreement shall be attached
as an exhibit to the statements on Schedule 13D, and any amendments hereto,
filed on behalf of each of the parties hereto.
Date: June 17, 1998 /s/ ROBERT COHEN
---------------------------------
Robert Cohen
/s/ JEFFREY RUBIN
---------------------------------
Jeffrey Rubin
/s/ STEFANIE RUBIN
---------------------------------
Stefanie Rubin
/s/ ALLYSON COHEN
---------------------------------
Allyson Cohen
/s/ JEFFREY COHEN
---------------------------------
Jeffrey Cohen
/s/ ALAN COHEN
---------------------------------
Alan Cohen
/s/ MERYL COHEN
---------------------------------
Meryl Cohen
GABRIELLE COHEN
By: /s/ MERYL COHEN
---------------------------------
Meryl Cohen, Custodian
JACLYN COHEN
By: /s/ MERYL COHEN
---------------------------------
Meryl Cohen, Custodian
ERICA COHEN
By: /s/ MERYL COHEN
---------------------------------
Meryl Cohen, Custodian
NICOLE COHEN
By: /s/ MERYL COHEN
---------------------------------
Meryl Cohen, Custodian
/s/ LENORE KATZ
---------------------------------
Lenore Katz
BROADWAY PARTNERS
By: /s/ JEFFREY COHEN
---------------------------------
Jeffrey Cohen
