UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
SoftNet Systems, Inc.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
8339641092
(CUSIP Number)
John P. Tamisiea
McDermott, Will & Emery
227 West Monroe Street
Chicago, Illinois 60601
(312) 984-6957
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 15, 1995
(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 [ ].
Check the following box if a fee is being paid with this statement [X]. (A fee
is not required only if the reporting 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 less than five percent of such class.
See Rule 13d-7.)
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.
*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).
No Exhibits
SCHEDULE 13D
CUSIP No. 833964109
___________________________________________________________________________
1 NAMES OF REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
A.J.R. Oosthuizen
___________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
___________________________________________________________________________
3 SEC USE ONLY
___________________________________________________________________________
4 SOURCE OF FUNDS*
00 See Item 3 below
___________________________________________________________________________
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. Citizen
___________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF SHARES 334,932 shares of Common Stock
BENEFICIALLY _______________________________________________________
OWNED BY 8 SHARED VOTING POWER
EACH N/A
REPORTING _______________________________________________________
PERSON 9 SOLE DISPOSITIVE POWER
WITH 334,932 shares of Common Stock
_______________________________________________________
10 SHARED DISPOSITIVE POWER
N/A
___________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
334,932 shares of Common Stock
___________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES* / /
___________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.1%
___________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
___________________________________________________________________________
*SEE INSTRUCTIONS
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
Item 1. Security and Issuer
This statement relates to the common stock, par value $.01 per share (the
"Common Stock"), of SoftNet Systems, Inc., a New York corporation ("SoftNet" or
the "Issuer"), formerly known as The Vader Group, Inc. and, prior thereto, as
Magicsik, Inc. and, prior thereto, as Tensor Corporation, with its principal
place of business at 717 Forest Avenue, Lake Forest, Illinois 60045.
Item 2. Identity and Background
(a) A.J.R. Oosthuizen
(b) Mr. Oosthuizen's business address is 520 Logue Avenue, Mountain View, CA
94043.
(c) Mr. Oosthuizen is a director of SoftNet and the President and Chief
Executive Officer of Micrographic Technology Corporation, a wholly-owned
subsidiary of SoftNet.
(d) During the last five years, Mr. Oosthuizen has not been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, the Mr. Oosthuizen has not been a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result thereof was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or
finding any violation with respect to such laws.
(f) Mr. Oosthuizen is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration
Mr. Oosthuizen acquired the 334,932 shares of Common Stock in exchange for all
of his shares of Micrographic Technology Corporation ("MTC") in connection with
the merger of MTC with and into a wholly-owned subsidiary of SoftNet, which
merger was effective September 15, 1995.
Item 4. Purpose of Transaction.
MTC and Mr. Oosthuizen were approached by the Issuer to enter into the
transaction described in Item 3 above.
(a) Mr. Oosthuizen has not formulated any plans which relate to or would result
in the acquisition by any person of additional securities of the Issuer or
the disposition of securities of the Issuer.
(b) Mr. Oosthuizen does not have any plans or proposals which relate or would
result in an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries.
(c) Mr. Oosthuizen does not have any plans or proposals for a sale or transfer
of a material amount of assets of the Issuer or any of its subsidiaries.
(d) In connection with the transaction described in Item 3, Mr. Oosthuizen was
elected as a Director of SoftNet.
(e) Mr. Oosthuizen does not have any plans or proposals which relate to or
would result in any material change in the present capitalization or
dividend policy of the Issuer.
(f) Mr. Oosthuizen does not have any plans or proposals which relate to or
would result in any other material change in the Issuer's business or
corporate structure.
(g) Mr. Oosthuizen does not have any plans or proposals which relate to or
would result in changes in the Issuer's Charter, By-laws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Issuer by any person.
(h) Mr. Oosthuizen does not have any plans or proposals which relate to or
would result in causing SoftNet's Common Stock to be delisted from the
American Stock Exchange.
(i) Mr. Oosthuizen does not have any plans or proposals which relate to or
would result in a class of equity securities of the Issuer becoming
eligible for termination of registration pursuant to Section 12(g)(4) of
the Securities Exchange Act of 1934.
(j) Mr. Oosthuizen does not have any plans or proposals which relate to or
would result in any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer
(a) Mr. Oosthuizen is the beneficial owner of 334,932 shares of Common Stock,
representing approximately 6.1% of all of the issued and outstanding Common
Stock of SoftNet.
(b) See Sections 7,8,9 and 10 of Schedule 13D.
(c) Except as reported in Item 3 above, no transactions in the Issuer's
securities have been effected by Mr. Oosthuizen.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer
There are no contracts, arrangements, understandings or relationships between
the Issuer and Mr. Oosthuizen of any nature respecting the securities of the
Issuer which have not been disclosed herein.
Item 7. Material to be Filed as Exhibits
None
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: November 8, 1995
/s/ Adrian J. R. Oosthuizen
A.J.R. Oosthuizen
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
