U.S. Securities and Exchange Commission
Washington, DC 20549
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.
FORM 4
___Check here if no longer subject to Section 16. Form 4 or Form 5
obligations may continue
1.Name and Address of
Reporting Person Schmidt, William M.
5275 SE Sweetbrier
Hobe Sound, FL 33455
2.Issuer Name and Ticker
or Trading Symbol Saf T Lok Incorporated (LOCK)
3.IRS or Social Security
number of person
reporting (voluntary)
4.Statement for Month/Year 03/97
5.If amendment, date of
Original (MO/yr.) N/A
6.Relationship of Reporting
Person to issuer
(check all that apply): _X_ Director
___ Officer
___ 10% Owner
___ Other (Specify)______________
Table I - Non-Derivative Securities, Acquired, Disposed of, or Beneficially
Owned.
1. Title of Security Common Stock
2. Transaction Date
(month/day/year) 03/03/98
03/06/98
3. Transaction Code A
S
4. Number of Securities
Acquired (A) 108,000 at $.10
Disposed of (D) 50,000 at $3.19
5. Amount of Securities Beneficially Owned
at End of Month 227,596
6. Ownership Form: Direct (D) or
Indirect (I) D
7. Nature of Indirect Beneficial
Ownership N/A
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Derivative
Security Common Stock
2.Conversion or Exercise
Price $.10
3.Transaction Date
(month/day/year) 03/03/98
4.Transaction Code S
5.Number of Derivative Securities
Acquired (A) N/A
Disposed of (D) 108,000
6.Date Exercisable and Expiration Date
(month/day/year)
Date Exercisable 08/15/97
Expiration Date 08/15/04
7.Title and Amount of Underlying
Securities
Title Common Stock
Number of Shares 108,000
8.Price of Derivative
Security $10,800
9.Number of Derivative Securities
Beneficially Owned at End of
Month 0
10.Ownership form of Derivative
Security: Direct (D) or
Indirect (I) D
11.Nature of Indirect Beneficial
Ownership N/A
Signature of Reporting Person://William M. Schmidt
Date:04/10/98
