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OMB APPROVAL
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- -------- OMB Number: 3235-0104
FORM 3 Expires: February 1, 1994
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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
Statement Trading Symbol
Hudson, Allen L. (Month/Day/Year)
- ---------------------------------------- Silverleaf Resorts, Inc. (SVR)
(Last) (First) (Middle) 5/26/98 -----------------------------------------------------------
---------------------------- 5. Relationship of Reporting 6. If Amendment, Date
1221 Riverbend Drive, Suite 120 3. IRS or Social Security Person to Issuer of Original
- ---------------------------------------- Number of Reporting (Check all applicable) (Month/Day/Year)
(Street) Person (Voluntary) Director 10% Owner
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Dallas, TX 75247 X Officer Other (specify
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(City) (State) (Zip) (give title below)
E.V.P.- Architecture &
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Engineering Services
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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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None
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
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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
------------------------------------------------- (D) or
Date Expira- Amount or Indirect (I)
Exercis- tion Title Number (Instr. 5)
able Date of Shares
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Nonqualified Options * 5/26/08 Common Stock, $.01 per 25,000 25.46875 D
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Explanation of Responses:
* On or after 5-26-99 to and including 5-25-00 - 6,250 shares
On or after 5-26-99 to and including 5-25-01 - an additional 6,250 shares
On or after 5-26-01 to and including 5-25-02 - an additional 6,250 shares
On or after 5-26-02 to -- an additional 6,250 shares
/s/ ALLEN L. HUDSON 6/2/98
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. ------------------------------- ------
See 15 U.S.C. 1001 and 18 U.S.C. 7811(a). **Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. Page 2
If space provided is insufficient, See Instruction 6 for procedure. SEC 1473 (7-97)
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