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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Amendment No. 8)
Under the Securities Exchange Act of 1934
Tel-Save.com, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
879176195
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(CUSIP Number)
Daniel Borislow
8234 Horseshoe Bay Boulevard
Boynton Beach, FL 33437
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(Name, Address, and Telephone Number of Persons
Authorized to Receive Notices and Communications)
March 3, 1999
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on 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 [ ].
(Page 1 of 3 Pages)
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(Page 2 of 3 Pages)
CUSIP No. 879176105 13D
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1) NAME OF REPORTING PERSON Daniel Borislow
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2) CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3) SEC USE ONLY
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4) SOURCE OF FUNDS: N/A
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5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
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6) CITIZENSHIP OR PLACE OF ORGANIZATION U.S.
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NUMBER OF 7) SOLE VOTING POWER 5,513,334
SHARES ----------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER 0
OWNED BY ----------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER 5,513,334
REPORTING ----------------------------------------------------------
PERSON WITH 10) SHARED DISPOSITIVE POWER 0
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11) AGGREGATE AMOUNT BENEFICIALLY OWNED 5,513,334
BY EACH REPORTING PERSON
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12) CHECK IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES [ ]
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13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 9.1%
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14) TYPE OF REPORTING PERSON: IN
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(Page 3 of 3 Pages)
This Amendment No. 8 amends Item 5 of the Schedule 13D filed by the
Reporting Person. Capitalized terms used herein without definition have the
meanings set forth in the Reporting Person's Schedule 13D as amended by
Amendments No. 1 to 7 thereto.
Item 5. Interest in Securities of Issuer.
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Item 5(c) is hereby amended as follows:
(c) On March 3, 1999, the Reporting Person purchased total of 32,500 shares
of Common Stock at prices ranging from $8.00 to $8.625. In addition, the
Reporting Person closed a previously reported derivative position and thereby
purchased 750,000 shares of Common Stock.
As a result of the purchases described above, the Reporting Person has sole
dispositive and voting power with respect to 5,513,334 shares of Common Stock
(including 260,993 shares subject to rights), representing beneficial ownership
of approximately 9.1% of the outstanding shares of Common Stock.
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: March 3, 1999
/s/ Daniel Borislow
Daniel Borislow
