SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13D-1(B)(C), AND (D) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13D-2(B)
(AMENDMENT NO. 3)1
Objectsoft Corporation
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(Name of Issuer)
Common Stock, par value $0.0001 per share
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(Title of Class of Securities)
674427 40 6
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(CUSIP Number)
February 26, 1999
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(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
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1 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 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>
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CUSIP NO. 674427 40 6 13G PAGE 2 OF 3 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
DAVID E.Y. SARNA
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 189,831
OWNED BY -----------------------------------------------------
EACH
REPORTING 6 SHARED VOTING POWER
PERSON
WITH 0
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7 SOLE DISPOSITIVE POWER
189,831
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
189,831
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.4 %
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
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CUSIP NO. 674427 40 6 13G PAGE 3 OF 3 PAGES
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Except as to Items 4 and 5, 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(a) Amount Beneficially Owned As of December 31, 1999:
189,831 shares. Includes 25,000 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. Dr. 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 any beneficial
ownership of the shares of common stock of the issuer
owned by the trust.
Includes 90,834 shares which are subject to
currently exercisable options held by the reporting
person and 4,166 shares which the reporting person
may acquire pursuant to a stock option exercisable as
of February 26, 2000. Excludes 11,666 shares the
reporting person may acquire pursuant to a stock
option exercisable as of December 9, 2000. Also
excludes 450,000 shares the reporting person may
acquire pursuant to a performance option which is
exercisable, in tranches, upon achievement of certain
performance goals. If any performance goal is not
achieved by December 9, 2002, the portion of the
option relating to that performance goal will expire.
Item 4(b) Percent of Class: 4.4%
Item 4(c) Number of share as to which such person has:
(i) sole power to vote or to direct the vote:
189,831
(ii) shared power to vote or to direct the vote:
0
(iii) sole power to dispose or to direct the
disposition of: 189,831
(iv) shared power to dispose or to direct the
disposition of: 0
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 class of securities, check the
following |X|.
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.
Dated: February 10, 2000
By: /s/ David E.Y. Sarna
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Name: David E.Y. Sarna
