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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. 1)*
ObjectSoft Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
674427 10 9
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(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 3 pages
<PAGE>
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CUSIP NO. 674427 10 9 13G PAGE 2 OF 3 PAGES
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David E.Y. Sarna
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
NOT APPLICABLE (b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
662,500
NUMBER OF -------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH -------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 662,500
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8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
812,500
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [_]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
19.4%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
SEC 1745 (2-95)
Page 2 of 3 pages
<PAGE>
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CUSIP NO. 674427 10 9 13G PAGE 3 OF 3 PAGES
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Except as to Item 4, no change has occurred with respect to the
answer to any items of this Schedule from the information last reported in
respect of such item.
ITEM 4. OWNERSHIP. As of December 31, 1997:
(a) Amount beneficially owned: 812,500. This amount
includes (1) 100,000 shares which Mr. Sarna may acquire
pursuant to presently exercisable stock options and (2)
150,000 shares owned by a family trust established by Mr.
Sarna, of which Mr. Sarna retained no right of revocation.
One of the trustees of the trust, Rachel Sarna, is Mr.
Sarna's wife. Mrs. Sarna has sole voting power, and shared
dispositive power with the other trustee under the trust.
Mr. Sarna is not a trustee of the trust. Mr. Sarna
disclaims any beneficial ownership of the shares of common
stock of the issuer owned by the trust.
(b) Percent of Class: 19.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 662,500
(ii) shared power to vote or direct the vote: -0-
(iii) sole power to dispose or direct the disposition
of: 662,500
(iv) shared power to dispose or direct the
disposition of: -0-
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, 1998
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Date
/s/ David E.Y. Sarna
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Signature
David E.Y. Sarna
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Name/Title
SEC 1745 (2-95)
Page 3 of 3 pages
