<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under The Securities Exchange Act Of 1934
(Amendment No. 1 )
insci-statements.com, corp.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock $/01 par value per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
45765T106
--------------------------------------------
(CUSIP Number)
Joseph A. Baratta
Baratta & Goldstein
597 Fifth Avenue
New York, NY 10017
212-750-9700
--------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 10, 1999
--------------------------------------------
(Date of Event which Requires the 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 [ ].
* 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. 45765T106 13D
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas P. Farkas
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
------------------------------------------------------------
(b) [ ]
------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
OO
--------------------------------------------------------------------------
5. CHECK IF DISCLOSURE LO LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) [ ]
--------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A
--------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 1,861,628
BENEFICIALLY -------------------------------------------------
OWNED BY 8. SHARED VOTING POWER
EACH 0
REPORTING -------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH 1,861,628
-------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
-------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,861,628
--------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
--------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
15.8%
--------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------
SCHEDULE 13D
<PAGE>
ITEM 1. SECURITY AND ISSUER.
This Schedule is filed with respect to the Common Stock , $.01 par
value (the "Common Stock") of the issuer, insci-statements.com,
corp., formerly known as Insci Corp. ("insci"). insci's principal
executive offices are located at Two Westborough Business Park,
Westborough, Massachusetts 01581
ITEM 2. IDENTITY AND BACKGROUND.
(a) This Schedule 13D is filed on behalf of Thomas P. Farkas (the
"Reporting Person").
(b) The Reporting Person's principal business address is in care of
Dynamic Controls Corporation, 8 Nutmeg Road South, Post Office Box
73, and South Windsor, Connecticut 06074.
(c) The present principal occupation of the Reporting person is
President of Dynamic Controls Corporation ("Dynamic"). The
principal business of Dynamic is a holding company. The address of
Dynamic is , 8 Nutmeg Road South, Post Office Box 73, South
Windsor, Connecticut 06074.
(d) During the last five years, the Reporting Person has not been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, the Reporting Person has not been a
party to a civil proceeding of a judicial or administrative body of
competent jurisdiction that resulted in 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.
(f) The Reporting Person is a citizen of the United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The reporting person has previously reported beneficial ownership
of 1,696,962 on Schedule 13D. Subsequently, the Reporting Person
acquired an additional 164,666 shares of insci Common Stock from
Information Management Technologies Corporation in satisfaction of
a 12% secured convertible debenture in the amount of $600,000.
ITEM 4. PURPOSE OF TRANSACTION.
(a) The shares of the Common Stock reported in this Schedule are held
for investment purposes. Depending upon trading prices of Common
Stock and upon the Reporting Person's personal financial position
and goals from time to time, the Reporting Person may, subject to
applicable statutory and other limitations, purchase additional
shares of Common Stock or dispose of Common Stock in the open
market, in privately negotiated transactions, or otherwise. The
Reporting Person retains the right to evaluate his position in the
future and change his intent with respect to any future actions.
Other than as described above, the Reporting Person has no plans or
proposals which relate to, or may result in, any of the matters
listed in Item 4 (a) through (I) of Schedule 13D (although he
reserves the right to develop such plans).
(b), (c), (d), (e), (f), (g), (h), (i) and (j): Not Applicable.
ITEM 5: INTEREST IN SECURITIES OF THE ISSUER.
(a) After giving effect to the transaction described in Item 3, the
aggregate number of shares of Common Stock beneficially owned by
the Reporting Person is 1,861,628 or approximately 15.8% of the
issued and outstanding shares of Common Stock. The shares
beneficially owned by the Reporting Person include 38,000 shares of
Common Stock which may be acquired pursuant to warrants to purchase
Common Stock owned by the Reporting Person.
(b) The number of shares of Common Stock as to which the Reporting
Person has the sole power to vote, direct the vote, to dispose and
to direct the disposition is 1,861,628 shares, and the number of
shares of Common Stock as to which the Reporting Person shares the
power to vote, to direct the vote, to dispose and to direct the
disposition is 0.
(c) Except for the transaction described in Items 3 and 4, there have
been no other transaction in the Common Stock that were effected by
the Reporting Person the past 60 days.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERTAKINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITES OF THE ISSUER.
There are no contracts, arrangements, undertakings or relationships
(legal or otherwise) between the Reporting Person and any person
with respect to the securities of the Issuer.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
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.
February 13, 2000
------------------------------
Date
/s/ Thomas P. Farkas
------------------------------
Thomas P. Farkas
