<PAGE>
OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 3)
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)
November 5, 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 |_|.
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.)
<PAGE>
SCHEDULE 13D
CUSIP No. 45765C 10-3 Page 2 of 19 Pages
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
Robert Cohen
1
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
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7 106,000 shares
NUMBER OF ---------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 -0-
OWNED BY ---------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 106,000 shares
PERSON WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 45765C 10-3 Page 3 of 19 Pages
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
Jeffrey Rubin
1
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
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7 6,000 shares
NUMBER OF ---------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 -0-
OWNED BY ---------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 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
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 45765C 10-3 Page 4 of 19 Pages
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
Stefanie Rubin
1
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
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7 89,564 shares
NUMBER OF ---------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 -0-
OWNED BY ---------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 89,564 shares
PERSON WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
89,564 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 45765C 10-3 Page 5 of 19 Pages
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
Allyson Cohen
1
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
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7 50,000 shares
NUMBER OF ---------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 -0-
OWNED BY ---------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 50,000 shares
PERSON WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 45765C 10-3 Page 6 of 19 Pages
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
Jeffrey Cohen
1
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
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7 90,000 shares (see Item 5)
NUMBER OF ---------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 -0-
OWNED BY ---------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 90,000 shares
PERSON WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
90,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 45765C 10-3 Page 7 of 19 Pages
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
Alan Cohen
1
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
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7 106,000 shares
NUMBER OF ---------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 -0-
OWNED BY ---------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 106,000 shares
PERSON WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
106,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 45765C 10-3 Page 8 of 19 Pages
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
Meryl Cohen
1
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
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7 -0-
NUMBER OF ---------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 -0-
OWNED BY ---------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 -0-
PERSON WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 45765C 10-3 Page 9 of 19 Pages
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
Meryl Cohen, custodian for Gabrielle Cohen
1
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
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7 -0-
NUMBER OF ---------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 -0-
OWNED BY ---------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 -0-
PERSON WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 45765C 10-3 Page 10 of 19 Pages
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
Meryl Cohen, custodian for Jaclyn Cohen
1
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
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7 -0-
NUMBER OF ---------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 -0-
OWNED BY ---------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 -0-
PERSON WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 45765C 10-3 Page 11 of 19 Pages
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
Meryl Cohen, custodian for Erica Cohen
1
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
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7 -0-
NUMBER OF ---------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 -0-
OWNED BY ---------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 -0-
PERSON WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 45765C 10-3 Page 12 of 19 Pages
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
Meryl Cohen, custodian for Nicole Cohen
1
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
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7 -0-
NUMBER OF ---------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 -0-
OWNED BY ---------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 -0-
PERSON WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 45765C 10-3 Page 13 of 19 Pages
- --------------------------------------------------------------------------------
NAME OF REPORTING PERSONS
Lenore Katz
1
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
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7 26,666 shares
NUMBER OF ---------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 -0-
OWNED BY ---------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 26,666 shares
PERSON WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
26,666 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 45765C 10-3 Page 14 of 19 Pages
- --------------------------------------------------------------------------------
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)
1
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
- --------------------------------------------------------------------------------
SOLE VOTING POWER
7 40,000 shares
NUMBER OF ---------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 -0-
OWNED BY ---------------------------------------------------
EACH SOLE DISPOSITIVE POWER
REPORTING 9 40,000 shares
PERSON WITH ---------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
<PAGE>
Page 15 of 19 Pages
Item 1. Securities and Issuer.
This statement is the third Amendment to the statement on Schedule 13D filed on
June 19, 1998 (as previously amended, the "Statement") with the Securities and
Exchange Commission by 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 (collectively the "Reporting Persons" or the "Group") in
connection with the Reporting Persons beneficial ownership of 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"). All capitalized terms used and not defined in
this Amendment No. 3 have the meanings given to them in the Statement, Amendment
No. 1 to the Statement filed on July 20, 1998 ("Amendment No. 1"), and Amendment
No. 2 to the Statement filed on October 21, 1998 ("Amendment No. 2").
Item 2. Identity and Background.
As previously disclosed in Amendment No. 1, the Reporting Persons, other than
Mr. Jeffrey Rubin , (the "Sellers") had entered into an option agreement with
Mr. John P. Casey (the "Option Agreement") by which Mr. Casey had the option to
purchase all of the shares of Preferred Stock of the Company that were owned by
the Sellers.
Item 3. Source and Amount of Funds or Other Consideration.
On November 5, 1998, Mr. Casey exercised his Option under the Option Agreement
and purchased from the Sellers all of their shares of Preferred Stock for a
total purchase price of $2,124,790 including penalties and interest that accrued
on the Preferred Stock from July 9, 1998 until the date of exercise of the
Option.
Item 4. Purpose of Transaction.
As of November 5, 1998, the Reporting Persons are no longer beneficial owners of
more than five percentum of any class of securities of the Company.
Item 5. Interest in Securities of the Issuer.
(a) and (b) On November 5, 1998, Mr. Casey exercised his Option to purchase
725.473 shares of Series A and 872.738 shares of Series B Preferred Stock,
thereby reducing the Reporting Persons' percentage of beneficial ownership to
approximately 2.3%. As reported in the Company's Form 10-Q for the period ended
June 30, 1998, the beneficial ownership percentages are based on 20,000,000
shares of Common Stock outstanding.
On November 5, 1998, the Company repurchased from Stephanie Rubin her options to
purchase 200 shares of the Company's Series B Preferred Stock and 250 shares of
the Company's Series C Preferred Stock in exchange for $85,000.
<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) 0.5% 106,000 -0- 106,000 -0-
Jeffrey Rubin (2) less than .0% 6,000 -0- 6,000 -0-
Stefanie Rubin (3) 0.4% 89,564 -0- 89,564 -0-
Allyson Cohen (4) 0.2% 50,000 -0- 50,000 -0-
Jeffrey Cohen (5) 0.4% 90,000 -0- 90,000 -0-
Alan Cohen (6) 0.5% 106,000 -0- 106,000 -0-
Meryl Cohen 0% -0- -0- -0- -0-
Meryl Cohen, 0% -0- -0- -0- -0-
custodian for Gabrielle Cohen
</TABLE>
<PAGE>
Page 16 of 19 Pages
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------
Percentage Sole Shared Sole Shared
of Voting Voting Dispositive Dispositive
Class Power Power Power Power
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Meryl Cohen, 0% -0- -0- -0- -0-
custodian for Jaclyn Cohen
Meryl Cohen, 0% -0- -0- -0- -0-
custodian for Erica Cohen
Meryl Cohen, 0% -0- -0- -0- -0-
custodian for Nicole Cohen
Lenore Katz (7) 0.1% 26,666 -0- 26,666 -0-
Broadway Partners (8) 0.2% 40,000 -0- 40,000 -0-
</TABLE>
- --------------------
(1) 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 in accordance with the terms of the
warrants, but in any event, not earlier than 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 in accordance with the terms of
the warrants, but in any event, not earlier than January 20, 2000. Robert
Cohen, the spouse to Lenore Katz, disclaims beneficial ownership of any
Common Stock held by her.
(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
in accordance with the terms of the warrants, but in any event, not
earlier than January 20, 2000. Jeffrey Rubin, the spouse to Stefanie
Rubin, disclaims beneficial ownership of any Common Stock held by her.
(3) 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 in accordance with the terms of the
warrants, but in any event, not earlier than December 9, 1999, (ii)
currently exercisable warrants to purchase 16,666 shares of Common Stock,
at an exercise price of $3.50, which expire in accordance with the terms
of the warrants, but in any event, not earlier than July 29, 1999, and
(iii) currently exercisable warrants to purchase 55,000 shares of Common
Stock, at an exercise price of $2.00, which expire in accordance with the
terms of the warrants, but in any event, not earlier than November 3,
1999. 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
in accordance with the terms of the warrants but in any event, not earlier
than December 9, 1999.
(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 in accordance with the terms of the warrants but in any
event, not earlier than December 9, 1999. Jeffrey Cohen directs the voting
and dispositive powers of Broadway Partners (see footnote (8)).
(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 in accordance with the terms of the warrants, but in any event, not
earlier than December 9, 1999 and (ii) currently exercisable warrants to
purchase 6,000 shares of Common
<PAGE>
Page 17 of 19 Pages
Stock, at an exercise price of $1.09, which expire in accordance with the
terms of the warrants, but in any event, not earlier than January 20,
2000.
(7) 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 in accordance with the terms of the warrants, but in any
event, not earlier than 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 in accordance with the terms of the warrants, but
in any event, not earlier than July 29, 1999. Lenore Katz, the spouse to
Robert Cohen, disclaims beneficial ownership of any Common Stock held by
him.
(8) 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 in accordance with the terms of the warrants, but in any
event, not earlier than December 9, 1999.
(c) The following transactions in the Company's securities by the Reporting
Persons have been effected during the past sixty (60) days:
On November 5, 1998, pursuant to the Option Agreement, the Sellers sold to Mr.
Casey 725.473 shares of Series A and 872.738 shares of Series B Preferred Stock
for an aggregate amount of $2,124,790.
On November 5, 1998, Stefanie Rubin sold to the Company her options to purchase
200 shares of the Company's Series B Preferred Stock and 250 shares of the
Company's Series C Preferred Stock for an aggregate amount of $85,000.
(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 proceeds
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.
As previously disclosed in Amendment Nos. 1 and 2 to the Statement, the Sellers
granted Mr. Casey the Option to acquire all the Preferred Shares owned by them.
Under the terms of the Option Agreement, as amended, the Option was exercisable
during the Option Term commencing at 2:00 p.m. (Pacific time) on July 15, 1998
and terminating at 11:59 p.m. (Pacific time) on November 5, 1998 (the "Option
Term"). On November 5, 1998, Mr. Casey exercised his Option and purchased all of
the Seller's Preferred Shares.
On November 5, 1998, the Reporting Persons and the Company entered into the
Settlement and Release Agreement, pursuant to which the Company purchased from
Stefanie Rubin her options to purchase 200 shares of Series B and 250 shares of
Series C Preferred Stock for an aggregate purchase price of $85,000.
In connection with the above transactions, Mr. Casey and Mr. Denis Richard,
pursuant to individual letter agreements to the Reporting Persons dated November
5, 1998, agreed to vote all of their shares of Common Stock in favor of an
increase in the authorized number of shares of Common Stock to 50,000,000
shares. A copy of the letter agreements are annexed hereto as exhibits to this
Amendment and are incorporated by reference. The above summary is qualified in
its entirety by reference to the full text of the letter agreements.
Except as otherwise noted above, 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
the Company, 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.
<PAGE>
Page 18 of 19 Pages
Item 7. Material to Be Filed as Exhibits
Exhibit A - Joint Filing Agreement among the Reporting Persons.
Exhibit B - Letter Agreement, dated November 5, 1998, between John P. Casey and
the Reporting Persons.
Exhibit C - Letter Agreement, dated November 5, 1998, between Denis Richard and
the Reporting Persons.
<PAGE>
Page 19 of 19 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.
November 11, 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 13 D 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
<PAGE>
Exhibit B
JOHN P. CASEY
c/o Meridian
10220 River Road, Suite 115
Potomac, Maryland 20854
November 5, 1998
Dr. Robert Cohen
Ms. Stefanie Rubin
Ms. Allyson Cohen
Mr. Jeffrey Cohen
Mr. Jeffrey Rubin
Dr. Alan Cohen
Ms. Meryl Cohen
Ms. Gabrielle Cohen
Ms. Jaclyn Cohen
Ms. Erica Cohen
Ms. Nicole Cohen
Ms. Lenore Katz
Broadway Partners c/o Mr. Jeffrey Cohen
c/o Robert S. Matlin, Esq.
Camhy Karlinsky & Stein LLP
1740 Broadway, 16th Floor
New York, New York 10019-4315
Ladies and Gentlemen:
This letter is to confirm that I hereby agree that I will vote all
shares of Incomnet, Inc. stock that I own in favor of an increase in the
authorized number of shares of Incomnet, Inc. common stock to 50,000,000 shares
at the next meeting of shareholders. If shareholder approval is not obtained at
the next meeting, I hereby agree to continue to vote all my shares in favor of
such a proposal until there is a sufficient increase in the number of shares of
authorized Incomnet common stock to permit issuance of all
<PAGE>
Dr. Robert Cohen, et al.
November 5, 1998
Page 2
common stock underlying the warrants owned by each of you and referenced in the
Settlement and Release Agreement between you and the Company dated November 5,
1998
Very truly yours,
/s/ John P. Casey
--------------------------------------
John P. Casey
<PAGE>
Exhibit C
DENIS RICHARD
c/o Incomnet, Inc.
2801 Main Street
Irvine, California 92614
November 5, 1998
Dr. Robert Cohen
Ms. Stefanie Rubin
Ms. Allyson Cohen
Mr. Jeffrey Cohen
Mr. Jeffrey Rubin
Dr. Alan Cohen
Ms. Meryl Cohen
Ms. Gabrielle Cohen
Ms. Jaclyn Cohen
Ms. Erica Cohen
Ms. Nicole Cohen
Ms. Lenore Katz
Broadway Partners c/o Mr. Jeffrey Rubin
c/o Robert S. Matlin, Esq.
Camhy Karlinsky & Stein LLP
1740 Broadway, 16th Floor
New York, New York 10019-4315
Ladies and Gentlemen:
This letter is to confirm my agreement to each of you that I will vote
all of the shares of stock that I own in favor of an increase in the authorized
number of shares of Incomnet, Inc. common stock to 50,000,000 shares. If
shareholder approval is not obtained at the next meeting of shareholders, I
hereby agree to continue to vote all my
<PAGE>
Dr. Robert Cohen, et al.
November 5, 1998
Page 2
shares in favor of such a proposal until there is a sufficient increase in the
number of shares of authorized Incomnet common stock to permit issuance of all
common stock underlying the warrants owned by each of you.
Very truly yours,
/s/ Denis Richard
--------------------------------------
Denis Richard
