SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Leisureplanet Holdings, Ltd.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
G34874100
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(CUSIP Number)
12/31/99
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(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)
|_| Rule 13d-1(c)
|X| 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.
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CUSIP No. G34874100
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Clive Kabatznik
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ X ]
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3. SEC Use Only
4. Citizenship or Place of Organization U.S.A.
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Number of 5. Sole Voting Power 709,999
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Shares Bene-
ficially Owned 6. Shared Voting Power N/A
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By Each
Reporting 7. Sole Dispositive Power 709,999
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Person With
8. Shared Dispositive Power N/A
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
709,999
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
N/A
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11. Percent of Class Represented by Amount in Row (9)
13.14%
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12. Type of Reporting Person (See Instructions)
IN
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CUSIP No. G34874100
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Item 1.
(a) Name of Issuer Leisureplanet Holdings, Ltd.
(b) Address of Issuer's Principal Executive Offices
Clarendon House, Church Street, Hamilton HM CX, Bermuda
Item 2.
(a) Name of Person Filing Clive Kabatznik
(b) Address of Principal Business Office or, if none, Residence
6100 Glades Road, Suite 305, Boca Raton, Florida 33434
(c) Citizenship U.S.A.
(d) Title of Class of Securities Common Stock, par value $.01 share
(e) CUSIP Number G34874100
Item 4. Ownership.
As of December 31, 1999:
(a) Amount beneficially owned:709,999 .
Includes 190,000 shares of Class B Common Stock, par value
$.01 per share (the "Class B Common Stock") held by Mr. Kabatznik and 519,999
shares of Common Stock, par value $.01 per share (the "Common Stock"), issuable
upon exercise of options that are immediately exercisable at an exercise price
of (i) $5.00 per share with respect to 171,666 options, (ii) $3.75 per share
with respect to 5,000 options, (iii) $4.75 per share with respect to 250,000
options, (iv) $6.00 per share with respect to 5,000 options, (v) $2.19 with
respect to 5,000 options, and (vi) $4.06 with respect to 83,333 options.
Does not include 200,001 shares of Common Stock issuable upon
exercise of options not exercisable within 60 days. Each share of Class B Common
Stock has five votes per share, each share of Common Stock has one vote per
share.
(b) Percent of class: 13.14%
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(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 709,999 .
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(ii) Shared power to vote or to direct the vote N/A .
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(iii)Sole power to dispose or to direct the disposition of
709,999 .
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(iv) Shared power to dispose or to direct the disposition of N/A
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<PAGE>
CUSIP No. G34874100
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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: February 7, 2000
/s/ Clive Kabatznik
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Name: Clive Kabatznik
