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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
CASINOVATIONS INCORPORATED
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(Name of Issuer)
Common Stock $.001 par value
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(Title of Class of Securities)
14761P 10 4
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(CUSIP Number)
Stacie L. Brown, 6830 Spencer Street, Las Vegas, Nevada 89119;
Tel (702) 733-7195
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 29, 1999
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(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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 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).
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SCHEDULE 13D
CUSIP NO. 14761P 10 4 PAGE 2 OF 4 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Richard S. Jaslow
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
Personal Funds
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
Not Applicable
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
NUMBER OF
386,620 shares
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 150,000 shares
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
386,620 shares
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
150,000 shares
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
536,620
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.99%
________________________________________________________________________________
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.
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This Amendment No. 1 amends the Schedule 13D dated September 22, 1999
("Schedule 13D") of Richard S. Jaslow with respect to his ownership of the
common stock, $.001 par value, ("Common Stock") of Casinovations Incorporated, a
Nevada corporation ("Issuer"). Except as specifically provided herein, this
Amendment No. 1 does not modify any of the information previously reported on
the Schedule 13D.
ITEM 3. SOURCE OF FUNDS OR OTHER CONSIDERATIONS
Personal funds.
ITEM 4. PURPOSE OF TRANSACTION
The purpose of this Amendment No. 1 to Schedule 13D is to report Dr.
Jaslow's beneficial ownership of Common Stock, including Dr. Jaslow's exercise
of certain options granted by the Issuer to Dr. Jaslow for the purchase of
83,333 shares of Common Stock. Through an exercise agreement dated December 29,
1999, the Issuer will issue 40,000 shares of Common Stock to Dr. Jaslow. As the
exercise price under the terms of the option was $2.50 per underlying share, Dr.
Jaslow provided payment of $50,000 to the Issuer in the form of a check, as well
as payment of an additional $50,000 to the Issuer in the form of a Promissory
Note secured by a Pledge Agreement. The remaining options to purchase 43,333
shares of Common Stock expired on December 31, 1999.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Richard S. Jaslow Presently Owned Percentage(3)
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Sole Voting Power 386,620(1) 3.59 %
Shared Voting Power 150,000(2) 1.39 %
Sole Dispositive Power 386,620(1) 3.59 %
Shared Dispositive Power 150,000(2) 1.39 %
Total Beneficial Power 536,620 4.99 %
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(1) This amount represents 217,084 shares of Common Stock issued directly to Dr.
Jaslow, 100,000 shares of Common Stock issued to the Richard S. Jaslow IRA,
50,336 shares of Common Stock issuable to Dr. Jaslow upon exercise of Class A
Warrants, 18,200 shares of Common Stock issuable to Dr. Jaslow upon exercise of
certain warrants, and 1,000 shares of Common Stock issuable to Dr. Jaslow upon
exercise of options granted pursuant to the 1999 Directors' Stock Option Plan.
(2) This amount represents 50,000 shares of Common Stock issued to Dr. Jaslow's
spouse, 50,000 shares of Common Stock issued to Dr. Jaslow's daughter, and
50,000 shares of Common Stock issued to the trust of Dr. Jaslow's daughter.
(3) These percentages reflect the percentage share ownership with respect to
10,745,944 shares, the number of shares of Common Stock outstanding as of
December 31, 1999.
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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: January 4, 2000
/s/ Stacie L. Brown, Attorney-In-Fact For
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Richard S. Jaslow
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