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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
HOMECOM COMMUNICATIONS, INC.
----------------------------
(Name of Issuer)
Common Stock, par value $.0001 per share
(Title of Class of Securities)
43738N 10 8
--------------
(CUSIP Number)
Michael G. Jesselson
Suite 4101
1301 Avenue of the Americas
New York, NY 10019
212-459-9517
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 21, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement of Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box
[ ].
NOTE: Six copies of this statement, including all exhibits should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
(Continued on following pages)
(Page 1 of 5 Pages)
*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 on 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).
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Schedule 13D
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CUSIP No. 43738N 10 8 13D Page 2 of 5 Pages
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael G. Jesselson
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF -0-
SHARES ---------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 90,000
EACH ---------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH -0-
---------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
90,000
- --------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [X]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Schedule 13D
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CUSIP No. 43738N 10 8 13D Page 3 of 5 Pages
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Erica Jesselson
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF -0-
SHARES --------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 90,000
EACH --------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON WITH -0-
--------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
90,000
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
90,000
- --------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.0%
- --------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 4 of 5 Pages
This statement constitutes Amendment No. 1 to the statement on Schedule
13D filed with the Securities and Exchange Commission on July 18, 1997 (the
"Original Statement"), of Michael G. Jesselson and Erica Jesselson. All defined
terms hereunder have the meanings set forth in the Original Statement. This
Amendment No. 1 reflects certain material changes in the information set forth
in the Original Statement, as follows:
Item 5. Interest in Securities of the Issuer.
-------------------------------------
(a) M. Jesselson has sold all 200,000 shares of Common Stock previously
held by him and has no remaining beneficial ownership interest in the Common
Stock. E. Jesselson beneficially owns 90,000 shares of the Company's Common
Stock. This constitutes approximately 3.0% of the total outstanding. Pursuant to
a power of attorney from E. Jesselson to M. Jesselson, the Reporting Persons
share the power to vote and to direct the disposition of the 90,000 shares
beneficially owned by E. Jesselson.
(c) The following sale transactions were effected by M. Jesselson
during the past sixty days:
Date Transaction Type Amount Price per Share
- ---- ---------------- ------ ---------------
4/20/98 Open market sale 36,500 $6.46
4/21/98 Open market sale 50,000 $9.5663
4/21/98 Open market sale 63,500 $8.3071
4/21/98 Open market sale 10,000 $11.625
4/22/98 Open market sale 15,000 $10.9375
4/24/98 Open market sale 25,000 $6.8138
(e) On April 21, 1998, M. Jesselson and E. Jesselson ceased to be the
beneficial owners of more than 5% of the Company's Common Stock.
Item 7. Material to be Filed as Exhibits
--------------------------------
1. Power of Attorney from E. Jesselson to M. Jesselson dated February
24, 1994, incorporated by reference to the Original Statement.
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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.
April 29, 1998
/s/ Michael G. Jesselson
-----------------------------------
Michael G. Jesselson
/s/ Michael G. Jesselson
-----------------------------------
Erica Jesselson by Michael
G. Jesselson, as
attorney-in-fact
