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OMB APPROVAL
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OMB Number: 3235-0145
Expires: December 31, 1997
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.___)*
OBJECTSOFT CORPORATION
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
674427 10 9
----------------------------
(CUSIP Number)
Check the following box if a fee is being paid with the 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).
SEC 1745 (2-95)
Page 1 of 4 pages
<PAGE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- --------------------------------------------------------------------------------
13G
CUSIP NO. 674427 10 9 PAGE 2 OF PAGES 4
- ----------------------- -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DAVID E. Y. SARNA
- --------------------------------------------------------------------------------
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 OF AMERICA
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
777,500
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 777,500
WITH -------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
927,500*
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
22.5%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
* Includes 150,000 shares owned by a family trust established by the reporting
person, of which the reporting person has retained no right of revocation.
One of the trustees of the trust, Rachel Sarna, is the wife of the reporting
person. Mrs. Sarna has sole voting power,and shared dispositive power with
the other trustee of the trust. The reporting person is not a trustee of the
trust. The reporting person disclaims beneficial ownership of the shares
owned by the trust.
2 of 4 pages
<PAGE>
- --------------------------------------------------------------------------------
13G
CUSIP NO. 674427 10 9 PAGE 3 OF PAGES 4
- ----------------------- -----------------
- --------------------------------------------------------------------------------
Item 1(a) Name of Issuer:
ObjectSoft Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
Continental Plaza III
433 Hackensack Avenue
Hackensack, NJ 07601
Item 2(a) Name of Person Filing:
David E. Y. Sarna
Item 2(b) Address of Principal Business Office or, if none, Residence:
Continental Plaza III
433 Hackensack Avenue
Hackensack, NJ 07601
Item 2(c) Citizenship:
United States of America
Item 2(d) Title of Class of Securities:
Common Stock, $.0001 par value per share
Item 2(e) CUSIP Number:
674427 10 9
Item 3 This statement is not filed pursuant to Rule 13d-1(b) or 13d-2(b).
Item 4(a) Amount Beneficially Owned
As of December 31, 1996:
927,500 shares. Includes 150,000
shares owned by a family trust established by the
reporting person, of which the reporting person
has retained no right of revocation. One of the
trustees of the trust, Rachel Sarna, is the wife
of the reporting person. Mrs. Sarna has sole
voting power, and shared dispositive power with
the other trustee under the trust. The reporting
person is not a trustee of the trust. The
reporting person disclaims any beneficial
ownership of the shares of common stock of the
issuer owned by the trust.
Includes 100,000 shares which are
subject to currently exercisable options held by
the reporting person.
Page 3 of 4 pages
<PAGE>
- --------------------------------------------------------------------------------
13G
CUSIP NO. 674427 10 9 PAGE 4 OF PAGES 4
- ----------------------- -----------------
- --------------------------------------------------------------------------------
Item 4(b) Percent of Class: 22.5%
Item 4(c) Number of share as to which such person has:
(i) sole power to vote or to direct the vote: 777,500
(ii) shared power to vote or to direct the vote: 0
(iii)sole power to dispose or to direct the disposition of:
777,500
(iv) shared power to dispose or to direct the disposition of: 0
Item 5 Ownership of Five Percent or Less of a Class:
Inapplicable.
Item 6 Ownership of More than Five Percent on Behalf of Another Person.
Inapplicable
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
Inapplicable.
Item 8 Identification and Classification of Members of the Group:
Inapplicable
Item 9 Notice of Dissolution of Group:
Inapplicable.
Item 10 Certification:
Inapplicable.
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 12, 1997
------------------------------------------
Date
/s/ David E. Y. Sarna
------------------------------------------
Signature
David E. Y. Sarna
Name
Page 4 of 4 pages
