UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Socket Communications, Inc.
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(Name of Issuer)
Common Stock, par value $0.001 per share
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(Title of Class of Securities)
833672 10 8 / 833572 11 6
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(CUSIP Number)
David Dunlap c/o Socket Communications
37400 Central Court, Newark, CA 94560
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
November 23, 1998
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(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(b)(3) or (4), check the
following box [ ].
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 disclosures provided in a prior cover page.
The information required on 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>
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charlie Bass
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER (a) [ ]
OF A GROUP (SEE INSTRUCTIONS) (b) [ ]
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
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(5) CHECK BOX 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
United States
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NUMBER OF (7) SOLE VOTING POWER
SHARES 1,218,262
BENEFICIALLY ---------------------------------------------------------
OWNED BY (8) SHARED VOTING POWER
EACH 0
REPORTING ---------------------------------------------------------
PERSON (9) SOLE DISPOSITIVE POWER
WITH 1,218,262
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(10) SHARED DISPOSITIVE POWER
0
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,218,262
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(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [ ]
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(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15%
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(14) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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<PAGE>
Item 1. Security and Issuer.
This Schedule 13D relates to Common Stock, par value $0.001 per share
(the "Common Stock"), of Socket Communications, Inc., a Delaware
corporation (the "Issuer"). The principal executive offices of the
Issuer are located at 37400 Central Court, Newark, CA 94560.
Item 2. Identity and Background.
Set forth below is the following information for Mr. Bass as follows:
(a) name; (b) address of principal offices (if entity) or residence or
business address (if individual); (c) principal business (if entity) or
principal occupation and name, business and address of employer (if
individual); (d) information concerning criminal convictions during the
last five years; (e) information concerning civil or administrative
proceedings during the past five years with respect to any state or
federal securities laws and (f) state of organization or citizenship.
a) Charlie Bass
b) 37400 Central Court, Newark, CA 94560
c) Chairman of the Board of Issuer, 37400 Central Court,
Newark, CA 94560
d) No convictions in criminal proceedings
e) No civil or administrative proceedings
f) United States
Item 3. Source and Amount of Funds or Other Consideration.
Mr. Bass has relied solely on the financial resources of the Bass
Trust of which Mr. Bass is Trustee to produce consideration for the
Series D Shares and the Warrant, both as defined below under Item 5 (c).
Item 4. Purpose of Transaction.
The Series D Shares and the Warrant were purchased by the Bass Trust
for the purpose of investing in the Issuer. Mr. Bass has no present
plans or proposals that would result in any extraordinary transaction
involving Issuer of the nature described in Item 4(a)-(j).
Item 5. Interest in Securities of the Issuer.
(a) As of the date of this Schedule 13D, Mr. Bass beneficially owns
1,218,262 shares of the Issuer's Common Stock, or approximately 15% of
the issued and outstanding shares of the Issuer's Common Stock. The
1,218,262 shares include 368,874 shares subject to options or warrants.
(b) Mr. Bass has sole power to vote and dispose of all 1,218,262
shares of the Issuer's Common Stock beneficially owned by Mr. Bass.
(c) On November 23, 1998, the Bass Trust purchased 17,429 shares of
Series D Convertible Stock at a price per share of $5.7375 (the "Series
D Shares") and a warrant to purchase 58,097 shares of the Issuer's
Common Stock at a price per share of $0.57375 (the "Warrant") for an
aggregate purchase price of $100,000.00. The Series D Shares are
entitled to dividends (payable in cash or shares of the Issuer's Common
Stock) at a rate of 8% of the aggregate purchase price per annum and are
convertible into a minimum of 174,290 shares of the Issuer's Common
Stock at any time at the option of the Bass Trust. The Warrant is
exercisable at any time before its expiration date of November 23, 2001.
On December 31, 1998, the accumulated dividends on the preferred stock
of the Issuer held by the Bass Trust payable in the form of Common Stock
of the Issuer increased by an aggregate of 8,197 shares.
(d) No person other than Mr. Bass 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 Issuer's Common Stock beneficially owned by
Mr. Bass.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
None.
<PAGE>
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.
Dated: February 26, 1999
/s/ Charlie Bass
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Charlie Bass
