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FORM 4
( ) Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may continue.
See Instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION _____________________
WASHINGTON, D.C. 20549 | OMB APPROVAL |
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |_____________________|
|OMB NUMBER: 3235-0287|
|EXPIRES: |
| SEPTEMBER 30, 1998 |
Filed pursuant to Section 16(a) of the |ESTIMATED AVERAGE |
Securities Exchange Act of 1934, |BURDEN HOURS |
Section 17(a) of the Public Utility |PER RESPONSE 0.5 |
Holding Company Act of 1935 |_____________________|
or Section 30(f) of the Investment
Company Act of 1940
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1. Name and Address of Reporting Person
Cendant Corporation (successor by merger to HFS Incorporated),
6 Sylvan Way, Parsippany, New Jersey 07054
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2. Issuer Name and Ticker or Trading Symbol
Jackson Hewitt Inc. (JTAX)
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3. IRS OR SOCIAL SECURITY NUMBER OF REPORTING PERSON (VOLUNTARY)
______________________________________________________________________________
4. Statement for Month/Year
1/98
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5. If Amendment, Date of Original (Month/Year)
______________________________________________________________________________
6. Relationship of reporting person to Issuer (Check all applicable)
( ) DIRECTOR
(X) 10% OWNER
( ) OFFICER (GIVE TITLE BELOW)
( ) OTHER (SPECIFY TITLE BELOW)
____________________________________
______________________________________________________________________________
7. Individual, or Joint/Group Filing (Check all applicable)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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TABLE I
Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security (Instr. 3)
Common Stock, par value $.02 per share
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2. Transaction Date (Month/Day/Year)
1/5/98
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3. Transaction Code (Instr. 8)
P
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)
6,441,054 (1) A $68.00 per share
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5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
All shares of Jackson Hewitt Inc. (2) (A) $68.00 per share
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6. Ownership Form: Direct(D) or Indirect(I) (Instr. 4)
I
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
Through HJ Acquisition Corp., a direct wholly owned subsidiary
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Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly.
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TABLE II
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., Puts, Calls, Warrants, Options, Convertible securities)
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1. Title of Derivative Security (Instr. 3)
______________________________________________________________________________
2. Conversion or Exercise Price of Derivative Security
______________________________________________________________________________
3. Transaction Date (Month/Day/Year)
______________________________________________________________________________
4. Transaction Code (Instr. 8)
______________________________________________________________________________
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
______________________________________________________________________________
6. Date Exercisable and Expiration Date (Month/Day/Year)
______________________________________________________________________________
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
______________________________________________________________________________
8. Price of Derivative Securities (Instr. 5)
______________________________________________________________________________
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
______________________________________________________________________________
10. Ownership Form of Derivative Security: Direct(D) or Indirect(I)
(Instr. 4)
______________________________________________________________________________
11. Nature of Indirect Beneficial Ownership (Instr. 4)
______________________________________________________________________________
EXPLANATION OF RESPONSES:
(1) Purchased pursuant to a tender offer for all outstanding shares of
common stock of Jackson Hewitt Inc.
(2) All shares of common stock of Jackson Hewitt Inc. not purchased pursuant
to the above described tender offer were acquired by Cendant Corporation in
a short form merger of HJ Acquisition Corp. into Jackson Hewitt Inc.
effective January 7, 1998.
Cendant Corporation
By: /s/ James E. Buckman 2/10/98
______________________________ ________________
** SIGNATURE OF REPORTING PERSON DATE
Name: James E. Buckman
Title: Senior Executive Vice President
and General Counsel
_____________________________
** INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS. SEE 18 U.S.C. 1001 AND 15 U.S.C. 78FF(A).