-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WGMU+gqmQ7RnGQvz9GG7je3DeKGeQukHGlH8z4tIJpklD78pzNEF45Ei4bFX9Htt 49p5if746qjyeIrBdVPe1g== 0000950148-97-001472.txt : 19970520 0000950148-97-001472.hdr.sgml : 19970520 ACCESSION NUMBER: 0000950148-97-001472 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970515 SROS: NONE GROUP MEMBERS: JACK GILBERT GROUP MEMBERS: LEONARD WILSTEIN GROUP MEMBERS: RICHARD M. HOROWITZ GROUP MEMBERS: WILSTEIN DAVID SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INCOMNET INC CENTRAL INDEX KEY: 0000353356 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 952871296 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-34858 FILM NUMBER: 97609752 BUSINESS ADDRESS: STREET 1: 21031 VENTURA BLVD STREET 2: STE 1100 CITY: WOODLAND HILLS STATE: CA ZIP: 91364 BUSINESS PHONE: 8188873400 MAIL ADDRESS: STREET 1: 21031 VENTURA BLVD STREET 2: SUITE 1100 CITY: WOODLAND HILLS STATE: CA ZIP: 91364 FORMER COMPANY: FORMER CONFORMED NAME: INTELLIGENT COMMUNICATIONS NETWORKS INC DATE OF NAME CHANGE: 19860805 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WILSTEIN DAVID CENTRAL INDEX KEY: 0001039316 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 2080 CENTURY PARK EAST STREET 2: PENTHOUSE CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 3105530205 MAIL ADDRESS: STREET 1: 2080 CENTURY PARK EAST STREET 2: PENTHOUSE CITY: LOS ANGELES STATE: CA ZIP: 90067 SC 13D 1 SCHEDULE 13D 1 -------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0145 Expires: December 31, 1997 Estimated average burden hours per response....14.90 --------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. )* INCOMNET, INC. - -------------------------------------------------------------------------------- (NAME OF ISSUER) Common Stock, No Par Value - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 453365-20-7 - -------------------------------------------------------------------------------- (CUSIP NUMBER) Aaron A. Grunfeld, Esq., Resch Polster Alpert & Berger LLP 10390 Santa Monica Blvd., 4th Floor, Los Angeles, CA 90025-5058 310/277-8300 - -------------------------------------------------------------------------------- (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) May 5, 1997 - -------------------------------------------------------------------------------- (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 [ ]. 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). 2 SCHEDULE 13D CUSIP No. 453365-20-70 PAGE OF PAGES --- ---- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON David Wilstein (SS# ###-##-####) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 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. - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 454,971* NUMBER OF ---------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY ---------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 454,971* PERSON ---------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 454,971* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 3.37% based upon total number of shares shown outstanding on most recent Annual Report. - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- * (Includes stock of adult daughter and additional shares held in trust.) *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 3 SCHEDULE 13D CUSIP No. 453365-20-7 PAGE OF PAGES --- ---- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Leonard Wilstein (SS# ###-##-####) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 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. - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 98,588* NUMBER OF ---------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY ---------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 98,588* PERSON ---------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 98,588* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 0.73% based upon total number of shares shown outstanding on most recent Annual Report. - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- * (Excluding stock held by two adult sons.) *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 4 SCHEDULE 13D CUSIP No. 453365-20-7 PAGE OF PAGES --- ---- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Jack Gilbert (SS# ###-##-####) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 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. - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 205,000 NUMBER OF ---------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY ---------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 205,000 PERSON ---------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 205,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 1.52% based upon total number of shares shown outstanding on most recent Annual Report. - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 5 SCHEDULE 13D CUSIP No. 453365-20-7 PAGE OF PAGES --- ---- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Richard M. Horowitz (SS# ###-##-####) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ] - -------------------------------------------------------------------------------- 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. - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER 360,535* NUMBER OF ---------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY ---------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 360,535* PERSON ---------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 360,535* - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Approximately 2.67% based upon total number of shares outstanding on most recent Annual Report. - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- * (Excludes 16,500 shares owned by two adult children and excludes 14,095 owned by wife, Beverly.) *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. 6 ITEM 1. SECURITY AND ISSUER. Security - Common Stock, No Par Value Issuer - INCOMNET, INC., a California corporation 21031 Ventura Boulevard, Suite 1100 Woodland Hills, California 91364 (818) 887-3400 ITEM 2. IDENTITY AND BACKGROUND. Preliminary Statement Although the individuals named below have not entered into any written agreement relating to voting of their shares or relating to any particular course of action concerning the voting of their shares, pursuant to Rule 13d-5(b)(1), the following persons may be deemed to be a group who have acquired beneficial ownership, for purposes of Sections 13(d) and 13(g) of the Act, of all equity securities of INCOMNET beneficially owned by the following persons. 1. a. Name: David Wilstein b. Residence or Business 2080 Century Park East, Address: Penthouse Los Angeles, CA 90067 c. Present Principal Chairman and President Occupation or Employment of REALTECH, a land and the name, principal development company (same business and address of address as above). any corporation or other organization in which such employment is conducted: d. Current conviction during the last 5 years: None e. Securities Laws Proceedings: None f. Citizenship: United States of America 2. a. Name: Leonard Wilstein b. Residence or Business 11201 Hindry Avenue Address: Los Angeles, CA 90045 c. Present Principal President and owner of Occupation or Employment Aero Products Research, and the name, principal Inc., a manufacturer of business and address of pilots' equipment and any corporation or other credit cards (same organization in which such address as above).
7 employment is conducted: d. Current conviction during the last 5 years: None e. Securities Laws Proceedings: None f. Citizenship: United States of America 3. a. Name: Jack Gilbert b. Residence or Business 15456 Coutolenc Road Address: Magalia, CA 95954 c. Present Principal Stockbroker with J. Occupation or Employment Alexander Securities, Inc., and the name, principal a N.A.S.D. registered business and address of brokerage firm any corporation or other 523 W. Sixth Street, organization in which such Suite 606, Los Angeles, employment is conducted: CA 90014 d. Current Conviction during the last 5 years: None e. Securities Laws Proceedings: None f. Citizenship: United States of America 4. a. Name: Richard M. Horowitz b. Residence or Business 9301 Wilshire Boulevard, Address: Suite 206 Beverly Hills, CA 90210 c. Present Principal Insurance broker with Occupation or Employment M.B.I., Inc., an insurance and the name, principal brokerage firm (same address business and address of as above). any corporation or other organization in which such employment is conducted: d. Current conviction during the last 5 years: None e. Securities Laws Proceedings: None f. Citizenship: United States of America
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATION. 1. David Wilstein - Personal funds aggregating $2,005,815. 8 2. Leonard Wilstein - Personal funds aggregating $445,843. 3. Jack Gilbert - Personal funds aggregating $765,000. 4. Richard M. Horowitz - Personal funds aggregating approximately $1,080,000. ITEM 4. PURPOSE OF TRANSACTION. Each of the individuals for whom this filing is being made acquired most of his shares in open market transactions for purposes of investment. As of this date, the reporting persons are considering various courses of action with respect to their investment in the hope of increasing shareholder value. These actions may include but are not necessarily limited to any or all of the following: acquiring additional securities of the issuer and/or seeking representation on INCOMNET's Board of Directors by proposing nominees for election to the Board of Directors at INCOMNET's annual meeting or otherwise. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
1. Aggregate Number of Shares Name Beneficially Owned Percentage(a) ---- ------------------ ----------- David Wilstein 454,971(b) 3.37% Leonard Wilstein 98,588(c) 0.73% Jack Gilbert 205,000 1.52% Richard M. Horowitz 360,535(d) 2.67%
____________ (a) Based upon total outstanding shares stated in 1996 Annual Report. (b) Includes stock of adult daughter and additional shares held in trust. (c) Excludes 32,000 shares owned by Leonard Wilstein's two adult children, which shares he disclaims any beneficial ownership or voting rights relating thereto. (d) Excludes 16,500 shares owned by two adult children and excludes 14,095 owned by wife, Beverly. 2. Each of the foregoing persons has sole power to vote or to direct a vote and sole power to dispose or direct the disposition of securities listed next to his name. 3. Shares of INCOMNET's stock acquired or sold within past 60 days, identifying date of transaction, amount of securities involved, and price per share, as well as where and how each transaction was effected. David Wilstein - Last acquired 2,500 shares on 3/31/97 at a price of $3.25 per share on the Open Market. Leonard Wilstein - None within last 60 days. Jack Gilbert - From 4/7 - 5/14/97, a total of 14,200 shares were acquired at a price ranging from $2 3/4 to $3 7/8 per share on the Open Market. On 4/22 and 4/24/97, a total of 13,000 shares were sold at a price ranging from $3 1/2 to $3 7/8 per share on the Open Market. 9 Richard M. Horowitz - From 3/25 - 4/30/97, a total of 16,000 shares were acquired at a price ranging from $2.75 to $3.13 per share through J. Alexander Securities, Inc., on the open market. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Except as described in Items 3, 4 and 5 above, inapplicable. 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 concerning the undersigned set forth in this statement is complete and accurate. Dated: May 15, 1997 /s/ David Wilstein ------------------------------ David Wilstein After reasonable inquiry and to the best of my knowledge and belief, I certify that the information concerning the undersigned set forth in this statement is complete and accurate. Dated: May 15, 1997 /s/ Leonard Wilstein ------------------------------ Leonard Wilstein After reasonable inquiry and to the best of my knowledge and belief, I certify that the information concerning the undersigned set forth in this statement is complete and accurate. Dated: May 15, 1997 /s/ Jack Gilbert ------------------------------ Jack Gilbert After reasonable inquiry and to the best of my knowledge and belief, I certify that the information concerning the undersigned set forth in this statement is complete and accurate. Dated: May 15, 1997 /s/ Richard M. Horowitz ------------------------------ Richard M. Horowitz -----END PRIVACY-ENHANCED MESSAGE-----