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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[ ] Check this box if no longer subject of Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Radcliffe Donald S.
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(Last) (First) (Middle)
575 Madison Avenue, Suite 1006
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(Street)
New York NY 10022
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
SVI Holdings, Inc. (SVI)
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Statement for Month/Year
01/1999
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other (specify below)
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7. Individual or Joint/Group Filing (Check applicable line)
[ X] Form filed by one Reporting Person
[ ] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<TABLE>
<CAPTION>
6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 01/04/99 M 20,000 A $ 0.30 D&I Note 1
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Common Stock 01/04/99 G V 2,500 D $ 0 242,700 D
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Common Stock 01/04/99 G V 2,500 D $ 0 116,500 I By spouse
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Common Stock 01/08/99 S 500 D $11.00 21,050 I Represents 50% of
shares sold by
DG Investors, a
a general
partnership
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Common Stock 01/08/99 S 500 D $11.875 21,050 I Represents 50% of
shares sold by
DG Investors, a
a general
partnership
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Common Stock 01/11/99 S 1,000 D $12.8125 19,500 I By Madison Avenue
Leasing
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Common Stock 01/11/99 S 1,500 D $12.5625 116,500 I By spouse
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Common Stock 01/12/99 S 500 D $13.0625 19,500 I By Madison Avenue
Leasing
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Common Stock 01/12/99 S 232 D $13.125 3,016 I Represents 23.2%
of shares sold by
Radcliffe
Investment
Partners I, a
limited
partnership
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Common Stock 01/13/99 S 1,000 D $10.50 242,700 D
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</TABLE>
* If the Form is filed by more than one Reporting Person, see Instruction
4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Page 1 of 2
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FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<TABLE>
<CAPTION>
9. 10.
Number Owner-
of ship
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
of Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Options to Purchase $0.30 01/04/99 C 20,000 11/3/95 11/2/2000 Common 20,000 N/A 5,000 I By
Stock Radcliffe
&
Associates,
Inc.
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</TABLE>
Explanation of Responses:
Note 1
As disclosed on Table II, Radcliffe & Associates, Inc., a corporation
wholly-owned by Donald S. Radcliffe, exercised options to purchase 20,000
shares. The shares were distributed by Radcliffe & Associates as follows:
8,000 shares to Donald S. Radcliffe, 8,000 shares to Mr. Radcliffe's spouse and
4,000 shares to Radcliffe Investment Partners I, a limited partnership.
/s/ Donald S. Radcliffe 2/5/99
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**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 procedures.
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.
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