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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
[_] Check this box if no longer subject to Section 16. Form 4 or
Form 5 obligations may continue. See Instruction 1(b).
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Sarna, David E. Y.
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(Last) (First) (Middle)
Continental Plaza., Bldg. III
433 Hackensack Avenue, 2nd Floor
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(Street)
Hackensack New Jersey 07601
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(City) (State) (Zip)
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2. Issuer Name AND Ticker or Trading Symbol
ObjectSoft Corporation - OSFT
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year: 8/97
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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
[X] Officer (give [_] Other (specify
title below) below)
Chairman, Co-chief Executive Officer and Secretary
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7. Individual or Joint/Group Filing (Check Applicable Line)
[X] Form filed by One Reporting Person
[_]Form filed by More than One Reporting Person
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TABLE I-- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security (Instr. 3)
Common Stock with $.0001 par value
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2. Transaction Date
8/1/97
(Month/Day/Year)
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3. Transaction Code (Instr. 8)
Code V
---- ---
S
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount (A) or (D) Price
------ ---------- -----
80,000 D $5.00(1)
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5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
747,500(2)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
D
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see
Instruction 4(b)(v). SEC 1474 (7-96)
<PAGE>
FORM 4 (CONTINUED)
TABLE II-- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security (Instr. 3)
Common Stock
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2. Conversion or Exercise Price of Derivative Security
$3.50
$ .50
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3. Transaction Date
(Month/Day/Year)
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4. Transaction Code (Instr. 8)
Code V
n/a n/a
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5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3,
4, and 5)
(A) n/a
(D) n/a
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6. Date Exercisable and Expiration Date
(Month/Day/Year)
Date Exercisable Expiration Date
---------------- ---------------
7/1/96 6/30/01
4/15/93 4/30/00
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7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title Amount or Number of Shares
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n/a n/a
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8. Price of Derivative Security (Instr. 5)
n/a
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9. Number of derivative Securities Beneficially Owned at End of Month (Instr.
4)
50,000
50,000
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
D
D
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Explanation of Responses:
(1) These securities were sold in exchange for options to acquire 300,000 shares
of Southhampton Enterprises, Inc. (now known as Antigua Enterprises Inc.), a
Canadian corporation. The options were estimated to have, on August 1, 1997,
an aggregate fair market value of $ 400,000.
(2) Mr. Sarna disclaims beneficial ownership of 150,000 shares of Common Stock
owned by The David E. Y. Sarna Family Trust (the "Trust") of which Rachel
Sarna, his wife, is a trustee. Mr. Sarna is not a trustee of the Trust.
/s/ David E. Y. Sarna 9/9/97
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**Signature of Reporting Person David E. Y. Sarna Date
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. Note: File three copies of this Form, one of which must be
manually signed. If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays
a currently valid OMB Number.
Page 2SEC 1474 (7-96)
