Page 1 of 5 Pages
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Osborn Communications Corporation
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
687787 10 1
(CUSIP Number)
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).
*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 ("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>
CUSIP NO. 687787 10 1 13G PAGE 2 OF 5 PAGES
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frank D. Osborn
###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF 5 SOLE VOTING POWER
SHARES 516,775
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
6 SHARED VOTING POWER
0
7 SOLE DISPOSITIVE POWER
516,775
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
516,775
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.8
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
Page 3 of 5 Pages
ITEM 1(a) NAME OF ISSUER
Osborn Communications Corporation
(the "Issuer")
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
130 Mason Street
Greenwich, CT 06830
ITEM 2(a) NAME OF PERSON FILING:
Frank D. Osborn
ITEM 2(b) Address of Principal Business Office or, if none,
RESIDENCE:
See Item 1(b).
ITEM 2(c) CITIZENSHIP:
United States
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share
ITEM 2(e) CUSIP NO.:
687787 10 1
ITEM 3 If this statement is filed pursuant to Rules
13d-1(b), or 13d-2(b), check whether the person
filing is a:
Not applicable
<PAGE>
Page 4 of 5 Pages
ITEM 4 OWNERSHIP:
(a) AMOUNT BENEFICIALLY OWNED:
516,775
(b) PERCENT OF CLASS:
9.8
(c) Number of shares as to which such person has:
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE:
516,775
(ii)SHARED POWER TO VOTE OR TO DIRECT THE VOTE:
0
(iii)SOLE POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF:
516,775
(iv)SHARED POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF:
0
ITEM 5 Ownership of Five Percent Or Less Of a Class:
Not applicable
ITEM 6 Ownership of More Than Five Percent on Behalf of
Another Person:
Not applicable
ITEM 7 Identification and Classification of the
Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company:
Not applicable
<PAGE>
Page 5 of 5 Pages
ITEM 8 Identification and Classification of Members of
the Group:
Not applicable
ITEM 9 Notice of Dissolution of Group:
Not applicable
ITEM 10 Certification:
Not applicable
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.
Date: July 19, 1996
By: /s/ Frank D. Osborn
-------------------------
Name: Frank D. Osborn
Title: President
