1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 VERISIGN, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock $.001 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 92343C 10 2 - -------------------------------------------------------------------------------- (CUSIP Number) 7/6/98 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule 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 the 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). Page 1 of 6 Pages 2 CUSIP NO. --------------------- (1) NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) P. Joyoti Chaudhry ("P. Chaudhry") Jagtar S. Chaudhry ("J. Chaudhry") --------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ X ] (b) [ ] --------------------------------------------------------------------- (3) SEC USE ONLY --------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - J. Chaudhry India - P. Chaudhry --------------------------------------------------------------------- (5) SOLE VOTING POWER NUMBER OF 1,071,239 P. Chaudhry 210,951 J. Chaudhry SHARES -------------------------------------------------------- BENEFICIALLY (6) SHARED VOTING POWER OWNED BY 197,766 P. Chaudhry EACH -------------------------------------------------------- REPORTING (7) SOLE DISPOSITIVE POWER PERSON WITH 1,071,239 P. Chaudhry 210,951 J. Chaudhry -------------------------------------------------------- (8) SHARED DISPOSITIVE POWER 197,766 P. Chaudhry -------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,483,252 - J. Chaudhry; 1,479,956 - P. Chaudhry --------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] N/A --------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.6 --------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON IN --------------------------------------------------------------------- Page 2 of 6 Pages 3 Item 1(a). Name of Issuer: Verisign, Inc. Item 1(b). Address of Issuer's Principal Executive 1390 Shorebird Way, Offices: Mountain View, California 94043 Item 2(a). Name of Person Jagtar S. Chaudhry Filing: P. Jyoti Chaudhry Item 2(b). Address of Principal c/o SecureIT, Inc. Business Office or 5550 Triangle Pky., Suite 100 Residence: Norcross, Ga. 30092 Item 2(c). Citizenship: U.S.A. - J. Chaudhry India - P. Chaudhry Item 2(d). Title of Class of Securities: Common Stock, $.001 par value Item 2(e). CUSIP Number: 92343C 10 2 Item 3. Not Applicable Item 4. Ownership: (a) Amount Beneficially Owned: 1,483,252 - J. Chaudhry 1,479,956 - P. Chaudhry (b) Percent of Class: 6.6% Page 3 of 6 Pages 4 (c) Number of Shares as to which such person has: (i) sole power to vote or to direct the vote 1,017.239 - P. Chaudhry 210,951 - J. Chaudhry (ii) shared power to vote or to direct the vote 197,766 - P. Chaudhry (iii) sole power to dis- pose or to direct the disposition of 1,071,239 - P. Chaudhry 210,951 - J. Chaudhry (iv) shared power to dis- pose or to direct the disposition of 197,766 - P. Chaudhry Item 5. Not Applicable Item 6. Not Applicable Item 7. Not Applicable Item 8. Exhibit Attached Item 9. Not Applicable Item 10. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the Issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. Page 4 of 6 Pages 5 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. December 9, 1998. /s/ Jagtar S. Chaudhry ----------------------- Jagtar S. Chaudhry /s/ P. Jyoti Chaudhry ----------------------- P. Jyoti Chaudhry Page 5 of 6 Pages 6 EXHIBIT PURSUANT TO ITEM 8 Identity of Each Member of the Group P. Jyoti Chaudhry and Surjit Kaur, Trustees f/b/o P. Jyoti Chaudhry and Simran Deep Chaudhry u/t/a 1/17/97 P. Jyoti Chaudhry and Surjit Kaur, Trustees f/b/o P. Jyoti Chaudhry and Yash Paul Chaudhry u/t/a 1/17/97 P. Jyoti Chaudhry and Surjit Kaur, Trustees f/b/o P. Jyoti Chaudhry and Samir Rishi Chaudhry u/t/a 1/17/97 Surjit Kaur, as Trustee f/b/o Manpreet Bains u/t/a 1/19/97 Page 6 of 6 Pages