UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
(X) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
(X) Form 4 Transactions Reported
1. Name and Address of Reporting Person
Nathan Lipson
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(Last) (First) (Middle)
3775 Randall Mill Road, NW
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(Street)
Atlanta Georgia 30327
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HALIS, Inc. (HLIS)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
December 1997
5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
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7. Individual or Joint/Group Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<PAGE>
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 9/30/ J4 128,945 (A) $1.00 -- -- --
97 <F1>
Common Stock 9/30/ C4 90,000 (A) $1.00 -- -- --
97 <F2>
Common Stock 12/17/ J4 2,706,079 (A) <F3> 2,925,024 (D) --
97 <F3>
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Convertible Note $1.00 9/30/ C4 90,000 (D) -- -- Common Stock -- -- 10,000 -- --
97
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Explanation of Responses:
<FN>
<F1> 128,945 shares of the common stock of the Issuer were issued in exchange
for indebtedness owed by the Issuer to Mr. Lipson.
<F2> Conversion of previously outstanding convertible note.
<F3> Nathan Lipson acquired his direct ownership of 2,706,079 shares of
the common stock of the Issuer upon the dissolution of AUBIS, LLC
(which prior to the dissolution held 9,860,889 shares of the common
stock of the Issuer).
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/s/ Nathan Lipson 2/16/98
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Nathan Lipson
Signature of Reporting Person Date
