<PAGE>
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
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
================================================================================
1. Name and Address of Reporting Person*
Radcliffe Donald S.
- --------------------------------------------------------------------------------
(Last) (First) (Middle)
575 Madison Avenue
- --------------------------------------------------------------------------------
(Street)
New York NY 10022
- --------------------------------------------------------------------------------
(City) (State) (Zip)
================================================================================
2. Date of Event Requiring Statement (Month/Day/Year)
May 4, 1998
================================================================================
3. IRS or Social Security Number of Reporting Person (Voluntary)
================================================================================
4. Issuer Name and Ticker or Trading Symbol
SVI Holdings, Inc. (SVIH)
================================================================================
5. Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
--------------------------------------------------------------------
================================================================================
6. If Amendment, Date of Original (Month/Year)
================================================================================
7. Individual or Joint/Group Filing (Check applicable line)
[ X ] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
================================================================================
Table I -- Non-Derivative Securities Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr.5)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Common Stock 243,200 D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 4,000 I Held in money purchase account
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 1,000 I Held in retirement account
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 117,500 I By spouse
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 71,000 I By Madison Avenue Leasing, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 22,050 I Represents 50% of shares held by
DG Investors, a general partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 5,900 I Represents 50% of shares held by
Hammond Street Investors, a limited
partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock 2,320 I Represents 23.2% of shares held by
Radcliffe Investment Partners I, a
limited partnership
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
5(b)(v)
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of 2
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<TABLE>
<CAPTION>
5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Options to purchase 11/3/95 11/2/2000 Common Stock 25,000 $0.30/sh I By Radcliffe
& Associates
- ------------------------------------------------------------------------------------------------------------------------------------
Options to purchase 6/3/97 6/2/2003 Common Stock 100,000 $2.00/sh D
- ------------------------------------------------------------------------------------------------------------------------------------
Options to purchase 6/3/97 6/2/2003 Common Stock 100,000 $3.375/sh D
- ------------------------------------------------------------------------------------------------------------------------------------
Options to purchase 6/3/97 6/2/2002 Common Stock 100,000 $4.00/sh D
- ------------------------------------------------------------------------------------------------------------------------------------
Options to purchase 10/1/97 9/30/2000 Common Stock 50,000 $2.00/sh I By Madison
Avenue
Leasing, Inc.
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
Explanation of Responses:
/S/ Donald S. Radcliffe June 11, 1998
- --------------------------------------------- -----------------------
**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient. See Instruction 6 for procedure.
Alternatively, this form is permitted to be submitted to the
Commission in electronic format at the option of the reporting person
pursuant to Rule 101(b)(4) of Regulation S-T.
Page 2 of 2
