U.S. Securities and Exchange Commission
Washington, DC 20549
ANNUAL 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 5
___Check here if no longer subject to Section 16. Form 4 or Form 5
obligations may continue
___Form 3 Holdings Reported
X Form 4 Transactions Reported
1.Name and Address of
Reporting Person Horanoff, Eugene V.
322 Natchez Court
Jupiter, FL 33477
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 12/97
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 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) 08/15/97
4.Transaction Code A P4
5.Number of Derivative Securities
Acquired (A) 58,000
Disposed of (D) N/A
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 58,000
8.Price of Derivative
Security $5,800
9.Number of Derivative Securities
Beneficially Owned at End of
Month 68,000
10.Ownership form of Derivative
Security: Direct (D) or
Indirect (I) D
11.Nature of Indirect Beneficial
Ownership N/A
Signature of Reporting Person://Eugene V. Horanoff
Date:2/16/98
