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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1
TO
SCHEDULE 13D
Under the Securities Exchange Act of 1934
GHS, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
361717101
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(CUSIP Number)
Herbert M. Friedman, Esq.
Zimet, Haines, Friedman & Kaplan
460 Park Avenue
New York, New York 10022
(212) 486-1700
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(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
June 1, 1997
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(Dates 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(b)(3) or (4), check the following box.
[ ]
Check the following box if a fee is being paid with this statement.
[ ]
Page 1 of 6 Pages
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CUSIP No. 361717101 13D Page 2 of 6 Pages
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1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS:
Charles Elsener
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS:
N/A
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e):
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6 CITIZENSHIP OR PLACE OF ORGANIZATION:
Switzerland
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NUMBER OF 7 SOLE VOTING POWER:
SHARES
BENEFICIALLY 0
OWNED BY
EACH
REPORTING
PERSON WITH
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8 SHARED VOTING POWER:
0
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9 SOLE DISPOSITIVE POWER:
0
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10 SHARED DISPOSITIVE POWER:
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
0.0%
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14 TYPE OF REPORTING PERSON:
IND
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Item 1. Security and Issuer.
This Amendment No. 1 (this "Amendment") to Schedule 13D relates
to the common stock, par value $.01 per share (the "Common Stock"), of GHS,
Inc., a Delaware corporation ("GHS"), and amends the Schedule 13D dated July 15,
1993 (the "Original Schedule 13D") filed with the Securities and Exchange
Commission (the "SEC") by Mr. Charles Elsener. This Amendment reflects certain
information required to be disclosed herein pursuant to Rule 13d-2 promulgated
by the SEC under the Securities Exchange Act of 1934, as amended, with respect
to the disposition by Mr. Elsener of beneficial ownership of shares of the
Common Stock.
The address of the principal executive offices of GHS is 1350
Piccard Drive, Suite 360, Rockville, Maryland 20850.
Item 2. Identity and Background.
This statement is being filed on behalf of Charles
Elsener, a citizen of Switzerland ("Mr. Elsener"). Mr. Elsener
is a private investor and his principal occupation is President
of Victorinox Cutlery Company, a Swiss company. The principal
business address of Mr. Elsener is c/o Victorinox A.G., CH-6438,
Ibach-Schwyz, Switzerland.
During the last five years, Mr. Elsener has not been convicted in
a criminal proceeding (excluding traffic violations or similar misdemeanors).
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During the last five years, Mr. Elsener was not a party to a
civil proceeding of a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was 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.
Item 3. Source and Amount of Funds or Other Consideration.
As reported in the Original Schedule 13D, on July 15,
1993 Mr. Elsener acquired 400,000 shares (the "Shares") of Common Stock from GHS
for a total of $400,000 in cash from his personal funds.
Pursuant to a private transaction effective June 1, 1997, Mr.
Elsener transferred the Shares, together with certain other investment assets
held by Mr. Elsener, to M3 Partners, LC, a Maryland limited liability company
("M3"), in exchange for a 6.7% equity interest in M3.
Item 4. Purpose of Transaction.
Mr. Elsener acquired the Shares in 1993 for investment
purposes.
Item 5. Interest in Securities of the Issuer.
(a)(b) Mr. Elsener is the beneficial owner of no
shares of Common Stock or any other securities of GHS. Mr.
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Elsener does not have the power to vote or direct the vote or to dispose or
direct the disposition of any shares of Common Stock or any other securities of
GHS.
(c) Except for the transaction described in
Item 3 above, no transaction in any securities of GHS, including the Common
Stock, were effected by Mr. Elsener during the past sixty days.
(d) None.
(e) Effective June 1, 1997, Mr. Elsener ceased to be the
beneficial owner of more than 5% of the issued and outstanding shares of Common
Stock.
Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of
the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
None.
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SIGNATURE
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned hereby certifies that the information set
forth in this statement is true, complete and correct.
Dated: June 9, 1997
/s/ Charles Elsener
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Charles Elsener
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