<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
NATROL, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(Title of Class of Securities)
638789 10 7
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(CUSIP Number)
JULY 21, 1998
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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)
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CUSIP No. 638789 10 7 13G Page 2 of 7 Pages
<TABLE>
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<S> <C> <C>
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Elliott Balbert
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER 0
SHARES ----------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 6,029,500
OWNED BY ----------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 0
REPORTING ----------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER 6,029,500
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
6,029,500*
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
45.3%
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12. TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
</TABLE>
* Includes 5,904,500 shares owned by the Balbert Family Trust, a revocable trust
of which Mr. Balbert and his wife, Cheryl Balbert, are trustees and of which Mr.
and Mrs. Balbert and other members of their family are the beneficiaries. Also
includes 125,000 shares owned by Mr. Balbert's daughter, of which Mr. Balbert
disclaims beneficial ownership and this report shall not be deemed an admission
that Mr. Balbert is the beneficial owner for purposes of Section 13 or 16 or for
any other purpose.
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CUSIP No. 638789 10 7 13G Page 3 of 7 Pages
<TABLE>
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<S> <C> <C>
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cheryl Balbert
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER 0
SHARES ----------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 6,029,500
OWNED BY ----------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 0
REPORTING ----------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER 6,029,500
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
6,029,500*
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
45.3%
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12. TYPE OF REPORTING PERSON
IN
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</TABLE>
* Includes 5,904,500 shares owned by the Balbert Family Trust, a revocable trust
of which Mrs. Balbert and her husband, Elliott Balbert, are trustees and of
which Mr. and Mrs. Balbert and other members of their family are the
beneficiaries. Also includes 125,000 shares owned by Mrs. Balbert's daughter, of
which Mrs. Balbert disclaims beneficial ownership and this report shall not be
deemed an admission that Mrs. Balbert is the beneficial owner for purposes of
Section 13 or 16 or for any other purpose.
<PAGE>
CUSIP No. 638789 10 7 13G Page 4 of 7 Pages
<TABLE>
<S> <C>
ITEM 1(a). NAME OF ISSUER:
Natrol, Inc.
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ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
21411 Prairie Street, Chatsworth, California 91311
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ITEM 2(a). NAME OF PERSON FILING:
Reference is made to the cover sheet of each reporting person
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ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
c/o 21411 Prairie Street, Chatsworth, California 91311
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ITEM 2(c). CITIZENSHIP:
Reference is made to the cover sheet of each reporting person
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ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share
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ITEM 2(e) CUSIP NUMBER:
638789 10 7
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
Not applicable
ITEM 4. OWNERSHIP.
Reference is made to the cover sheet of each reporting person
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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.
</TABLE>
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CUSIP No. 638789 10 7 13G Page 5 of 7 Pages
<TABLE>
<S> <C>
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.
</TABLE>
<PAGE>
CUSIP No. 638789 10 7 13G Page 6 of 7 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.
FEBRUARY 12, 1999
-----------------------------
Date
/S/ ELLIOTT BALBERT
-----------------------------
Signature
ELLIOTT BALBERT
-----------------------------
Name/Title
/S/ CHERYL BALBERT
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Signature
CHERYL BALBERT
-----------------------------
Name/Title
<PAGE>
CUSIP No. 638789 10 7 13G Page 7 of 7 Pages
<TABLE>
<CAPTION>
EXHIBITS
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<S> <C>
A. Joint Filing Agreement dated February 12, 1999 by and among the
reporting persons (attached hereto)
</TABLE>
<PAGE>
EXHIBIT A
JOINT FILING AGREEMENT
This will confirm the agreement by Elliott Balbert, an individual
residing in the State of California, and Cheryl Balbert, an individual residing
in the State of California (collectively, the "Reporting Persons"), in
connection with that certain Schedule 13G to be filed on or about February 12,
1999 with respect to the common stock, par value $.01 per share (the "Common
Stock"), of Natrol, Inc. (the "Company") pertaining to the beneficial ownership
by the Reporting Persons of shares of such common stock (the "Schedule 13G").
The undersigned hereby agree with respect to such filing on Schedule 13G as
follows:
(i) No Reporting Person nor any affiliate of any Reporting Person makes
any representation with respect to, nor bears any responsibility for, any of the
information set forth with respect to any other "person" who or which is or
becomes a party to or a member of any "group" (as such terms are defined and
used in Section 13(d) of the Securities Exchange Act of 1934, as amended, and
Regulation 13D-G promulgated thereunder) for whom or which information is
included in such Schedule 13G.
(ii) Subject to paragraph (i) above, the undersigned hereby confirm the
agreement by and among each of them that the Schedule 13G is being filed on
behalf of each of the parties named below.
Dated: February 12, 1999
/S/ ELLIOTT BALBERT
--------------------------
Elliott Balbert
/S/ CHERYL BALBERT
--------------------------
Cheryl Balbert
