0000910680-01-500595.txt : 20011106
0000910680-01-500595.hdr.sgml : 20011106
ACCESSION NUMBER: 0000910680-01-500595
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011101
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: SAIFI KAM
CENTRAL INDEX KEY: 0001161753
STANDARD INDUSTRIAL CLASSIFICATION: []
FILING VALUES:
FORM TYPE: SC 13G
MAIL ADDRESS:
STREET 1: ION NETWORKS, 1551 SOUTH
CITY: PISCATAWAY
STATE: NJ
ZIP: 08854
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: ION NETWORKS INC
CENTRAL INDEX KEY: 0000754813
STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577]
IRS NUMBER: 222413505
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0331
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-37321
FILM NUMBER: 1773126
BUSINESS ADDRESS:
STREET 1: 1551 S WASHINGTON AVE
CITY: PISCATAWAY
STATE: NJ
ZIP: 08854
BUSINESS PHONE: 2014944440
MAIL ADDRESS:
STREET 1: 1551 S WASHINGTON AVE
CITY: PISCATAWAY
STATE: NJ
ZIP: 08854
FORMER COMPANY:
FORMER CONFORMED NAME: MICROFRAME INC
DATE OF NAME CHANGE: 19920703
SC 13G
1
d751771_1.txt
SCHEDULE 13G - KAM SAIFI
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13D-102)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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)
Ion Networks, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.001 par value per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
46205P-10-0
------------------------------------------------------------------------------
(CUSIP Number)
October 8, 2001
-----------------------------------------------------------
(Date of Event which requires filing of this Statement)
Check the appropriate box to
designate the rule pursuant
to which this Statement is
filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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).
13G
--------------------------------- -------------------------------
CUSIP NO. 46205P-10-0 PAGE 2 OF 5 PAGES
----------------------- ------- ------
--------------------------------- -------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kam M. Saifi
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------
NUMBER OF
SHARES 5 SOLE VOTING POWER
BENEFICIALLY 2,000,000(1)
OWNED BY
EACH -------------------------------------------------------------
REPORTING
PERSON 6 SHARED VOTING POWER
WITH 0
-------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
250,000(1)
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,000,000(1)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.5%(1)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
--------
(1) See Item 4(a).
13G
--------------------------------- -------------------------------
CUSIP NO. 46205P-10-0 PAGE 3 OF 5 PAGES
----------------------- ------- ------
--------------------------------- -------------------------------
Item 1(a) Name of Issuer:
Ion Networks, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
1551 South Washington Avenue
Piscataway, New Jersey 08854
Item 2(a) Name of Person Filing:
Kam Saifi
Item 2(b) Address of Principal Business Office or, if none, Residence:
1551 South Washington Avenue
Piscataway, New Jersey 08854
Item 2(c) Citizenship:
United States of America
Item 2(d) Title of Class of Securities:
Common Stock, $.001 par value per share
Item 2(e) CUSIP Number:
594915-20-9
Item 3 Not Applicable
Item 4(a) Amount Beneficially Owned
As of October ____, 2001: 2,000,000 shares of Common
Stock.
The Reporting Person acquired 2,000,000 shares through a
restricted stock grant pursuant to his employment
agreement with the Issuer. Of the 2,000,000 shares,
1,750,000 shares are unvested. The unvested shares are
subject to certain rights of the Issuer to repurchase
such shares, at the same price the Reporting Person
purchased such shares, in the event of termination of
the Reporting Person's employment. These shares vest,
and the repurchase rights accordingly lapse, on the
dates and with respect to the number of shares as
follows:
550,000 shares - September 30, 2002; 150,000 shares -
December 31, 2002 and 150,000 shares at the end of each
fiscal quarter thereafter, ending with the fiscal
quarter ending September 30, 2004.
Pursuant to the employment agreement, certain events may
cause the acceleration of the vesting of the shares and
the corresponding lapse of the Issuer's repurchase
rights.
13G
--------------------------------- -------------------------------
CUSIP NO. 46205P-10-0 PAGE 4 OF 5 PAGES
----------------------- ------- ------
--------------------------------- -------------------------------
In addition, the Reporting Person has granted the Issuer
an irrevocable proxy to vote all of 2,000,000 shares on
any matter, until such shares are sold in public market
sales.
The Reporting Person is the brother of Cameron Saifi,
the Issuer's Executive Vice President and Chief
Operating Officer. The Reporting Person's brother has
acquired 600,000 shares of the Issuer's common stock,
(subject to a similar vesting schedule and repurchase
rights), at the same time that the Reporting Person
acquired his shares. The Reporting Person disclaims the
existence of a group between himself and his brother.
In addition to the 2,000,000 shares, pursuant to the
Reporting Person's employment agreement, the Reporting
Person has the right to be appointed to the Issuer's
Board of Directors and to designate one other individual
to be so appointed.
Item 4(b) Percent of Class: 9.5%
Item 4(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 2,000,000
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of 250,000
(iv) shared power to dispose or to direct the disposition of: 0
Item 5 Ownership of Five Percent or Less of a Class:
Not applicable.
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
Not applicable.
Item 7 Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company:
Not applicable.
Item 8 Identification and Classification of Members of the Group:
Not applicable.
Item 9 Notice of Dissolution of Group:
Not applicable.
Item 10 Certification:
Not applicable.
13G
--------------------------------- -------------------------------
CUSIP NO. 46205P-10-0 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.
October 26, 2001
---------------------
(Date)
/s/ Kam Saifi
---------------------
(Signature)
Kam Saifi
---------------------
(Name)