SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT TO
RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. 1)*
OBJECTSOFT CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $.0001 PAR VALUE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
674427 10 9
- --------------------------------------------------------------------------------
(CUSIP Number)
--------------
- --------
* 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 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 674427 10 9 13G Page 2 of 5 Pages
- --------------------------------- --------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Steven Bayern
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 205,500(1)
OWNED BY
EACH
REPORTING
PERSON WITH
-------------------------------------------------------------------
6 SHARED VOTING POWER
-0-
-------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
205,500(1)
-------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
205,500(1)
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.95%(2)
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN
================================================================================
- --------
(1) Includes warrants exercisable within 60 days for the issuance of (i)
20,000 shares of Common Stock held by Cyndel & Company, Inc. and (ii)
45,500 shares of Common Stock held by Win Capital Corp. The reporting
person is a 50% owner of Cyndel & Company, Inc. and is the Chairman of
Win Capital Corp.
(2) Based on 4,082,676 total shares outstanding as of October 30,1997 as
reported in the Issuer's Quarterly Report on Form 10-QSB for the quarter
ended September 30, 1997.
<PAGE>
- --------------------------------- --------------------------
CUSIP 674427 10 9 13G Page 3 of 5 Pages
- --------------------------------- --------------------------
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, New Jersey 07601
ITEM 2(A). NAME OF PERSON FILING:
Steven Bayern (the "Reporting Person")
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
26 Ludlam Avenue
Bayville, NY 11709
ITEM 2(C). CITIZENSHIP:
United States of America
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, $.0001 par value per share (the "Common
Stock")
ITEM 2(E). CUSIP NUMBER:
674427 10 9
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b), OR
13D-2(b), CHECK WHETHER THE PERSON FILING IS A:
(a) /X/ Broker or dealer registered under
Section 15 of the Act,
(b) / / Bank as defined in Section 3(a)(6)
of the Act,
(c) / / Insurance Company as defined in
Section 3(a)(19) of the Act,
(d) / / Investment Company registered under
Section 8 of the Investment Company
Act,
(e) / / Investment Adviser registered under
Section 203 of the Investment
Advisers Act of 1940,
(f) / / Employee Benefit Plan, Pension Fund
which is subject to the provisions
of the Employee Retirement Income
Security Act of 1974 or Endowment
Fund; see 13d-1(b)(1)(ii)(F),
(g) / / Parent Holding Company, in
accordance with Rule
13d-1(b)(ii)(G); see Item 7,
(h) / / Group, in accordance with Rule
13d-1(b)(1)(ii)(H).
<PAGE>
- --------------------------------- --------------------------
CUSIP 674427 10 9 13G Page 4 of 5 Pages
- --------------------------------- --------------------------
ITEM 4. OWNERSHIP.
Not applicable because the Reporting Person's ownership does
not exceed five percent of the outstanding shares of Common
Stock.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of
the date hereof the Reporting Person has ceased to be the
beneficial owner of more than five percent of the Common
Stock, check the following [ x ]
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
<PAGE>
- --------------------------------- --------------------------
CUSIP 674427 10 9 13G Page 5 of 5 Pages
- --------------------------------- --------------------------
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.
Date: January 13, 1998
/s/ Steven Bayern
-----------------
Steven Bayern
