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OMB APPROVAL
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- -------- OMB Number: 3235-0104
FORM 3 Expires: February 1, 1994
- -------- Estimated average burden
hours per response .... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
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<S> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Date of Event Requiring 4. Issuer Name and Ticker or 6. If Amendment, Date
Statement Trading Symbol of Original
Lahart Ed (Month/Day/Year) Silverleaf Resorts, Inc. (Month/Day/Year)
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(Last) (First) (Middle) 7-17-98 5. Relationship of Reporting ----------------------
1221 Riverbend Dr., Suite 120 ---------------------------- Person to Issuer 7. Individual or Joint/
- ---------------------------------------- 3. I R S or Social Security (Check all applicable) Group Filing (Check
(Street) Number of Reporting Director 10% Owner Applicable Line)
Person (Voluntary) ----- ----- Form filed by
Dallas, Tx. 75247 X Officer Other (specify --- One Reporting
- -------------------------------------- ------ ----- below) Person
(City) (State) (Zip) ---------------------------- (give title below) Form filed by
V.P. - Corporate Operations --- More than One
------------------------------ Reporting Person
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TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Beneficially Owned Direct (D) or Beneficial
(Instr. 4) Indirect (I) Ownership (Instr. 5)
(Instr. 5)
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Common Stock 150 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1473 (3-91)
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FORM 3 (CONTINUED) Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<S> <C> <C> <C> <C> <C>
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1. Title of Derivative Security 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) Exercisable and Securities Underlying sion or ship Beneficial Ownership
Expiration Date Derivative Security Exercise Form of (Instr. 5)
(Month/Day/ (Instr. 4) Price of Deriv-
Year) Deri- ative
vative Security:
Security Direct
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Date Expira- Amount or Indirect (I)
Exercis- tion Title Number (Instr. 5)
able Date of Shares
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Incentive Stock Option dated
6-18-97 * 6-18-07 Common Stock 5,000 $16.00 D
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Incentive Stock Option dated
3-9-98 * 3-9-08 Common Stock 13,332 $25.50 D
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Non-Qualified Stock Option
dated 3-9-98 * 3-9-08 Common Stock 6,668 $25.50 D
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Explanation of Responses:
*Each option is exercisable as to 1/4 of the shares granted on each of the
1st, 2nd, 3rd and 4th anniversaries of the date of grant.
/s/ Ed Lahart 7/27/98
**Intentional misstatements or omissions of facts constitute Federal Criminal ------------------------------- -------------
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
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