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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Safeskin Corporation
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Name of Issuer
Common Stock, $.01 par value
------------------------------
(Title of Class of Securities)
786454 10 8
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CUSIP Number
Check the following box if a fee is being paid with this statement
[ ]. (A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
PAGE 1 OF 8 PAGES
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CUSIP NO. 786454 10 8 SCHEDULE 13G PAGE 2 OF 8 PAGES
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Neil K. Braverman
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
N/A (A) [ ]
(B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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(5) SOLE VOTING POWER
NUMBER OF 2,175,520
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY N/A
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 2,175,520
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
N/A
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,175,520
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
N/A
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.4%
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(12) TYPE OF REPORTING PERSON*
IN
---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 786454 10 8 SCHEDULE 13G PAGE 3 OF 8 PAGES
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jeanne D. Braverman
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
N/A (B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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(5) SOLE VOTING POWER
NUMBER OF 1,325,788
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY N/A
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 1,325,788
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
N/A
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,325,788
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
N/A
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.1%
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(12) TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 786454 10 8 SCHEDULE 13G PAGE 4 OF 8 PAGES
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Braverman Family Partnership, Ltd.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(A) [ ]
N/A (B) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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(5) SOLE VOTING POWER
NUMBER OF 410,000
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY N/A
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 410,000
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
N/A
--------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
410,000
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
N/A
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.6%
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(12) TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 786454 10 8 SCHEDULE 13G PAGE 5 OF 8 PAGES
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Item 1(a) Name of Issuer:
Safeskin Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
12671 High Bluff Drive
San Diego, CA 92130
Item 2(a) Name of Person(s) Filing:
Neil K. Braverman; Jeanne D. Braverman; Braverman Family Partnership, Ltd.
Item 2(b) Address of Principal Business Office or, if none, Residence:
c/o Safeskin Corporation
1181 South Rogers Circle, Suite 14
Boca Raton, Florida 33487
Item 2(c) Citizenship:
United States
Item 2(d) Title of Class of Securities:
Common Stock, $.01 par value
Item 2(e) CUSIP Number:
786454 10 8
Item 3.
N/A
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CUSIP NO. 786454 10 8 SCHEDULE 13G PAGE 6 OF 8 PAGES
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Item 4. Ownership (1/)
(a) Amount Beneficially Owned:
Neil K. Braverman: 2,175,520 shares of Common Stock,
$.01 par value
Jeanne D. Braverman: 1,325,788 shares of Common Stock, $.01
par value
Braverman Family Partnership, Ltd.: 410,000 shares of Common
Stock, $.01 par value
(b) Percent of Class:
Neil K. Braverman: 8.4%
Jeanne D. Braverman: 5.1%
Braverman Family Partnership, Ltd.: 1.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Neil K. Braverman: 2,175,520 shares of Common Stock,
$.01 par value
Jeanne D. Braverman: 1,325,788 shares of Common Stock,
$.01 par value
____________________
(1/) With respect to Neil K. Braverman, the ownership reported herein includes
(i) 408,000 shares subject to currently exercisable options, (ii) 410,000
shares held as of December 31, 1995 by the Braverman Family Partnership,
Ltd., of which Neil Braverman is a limited partner and whose general
partner is a corporation owned by Neil Braverman, (iii) 348,612 shares
beneficially owned by Jeanne D. Braverman, the reporting person's spouse,
and (iv) 977,176 shares held by trusts for which Ms. Braverman serves as
trustee. The reporting person disclaims ownership of such shares and
nothing contained herein shall be construed for purposes of Sections
13(d), 13(g), 16(a) or 16(b) of the Securities Exchange Act of 1934, as
amended, or for any other purpose, as a statement of beneficial ownership
of the securities described herein.
With respect to Jeanne D. Braverman, the ownership reported herein
includes an aggregate of 977,176 shares held by two trusts (488,588 held
by each trust) for which Ms. Braverman serves as trustee. Further, the
ownership reported herein excludes (i) 408,000 shares subject to currently
exercisable options held by Neil K. Braverman, the reporting person's
spouse, (ii) 410,000 shares held as of December 31, 1995 by the Braverman
Family Partnership, Ltd. and (iii) 31,732 shares beneficially owned by
Neil K. Braverman. The reporting person disclaims ownership of the shares
owned by the trusts, as well as those shares owned by the Braverman Family
Partnership, Ltd. and her spouse, and nothing contained herein shall be
construed for purposes of Sections 13(d), 13(g), 16(a) or 16(b) of the
Securities Exchange Act of 1934, as amended, or for any other purpose, as
a statement of beneficial ownership of such shares described herein.
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CUSIP NO. 786454 10 8 SCHEDULE 13G PAGE 7 OF 8 PAGES
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Braverman Family Partnership, Ltd.: 410,000 shares of
Common Stock, $.01 par value
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of:
Neil K. Braverman: 2,175,520 shares of Common Stock,
$.01 par value
Jeanne D. Braverman: 1,325,788 shares of Common Stock,
$.01 par value
Braverman Family Partnership, Ltd.: 410,000 shares of
Common Stock, $.01 par value
(iv) shared power to dispose or to direct the disposition
of: 0
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person* has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following
[ X ]
* This statement is being filed to report that Braverman Family
Partnership L.P. has ceased to be beneficial owner of more than five
percent of the class of securities.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company
N/A
Item 8. Identification and Classification of Members of the Group
N/A
Item 9. Notice of Dissolution of Group
N/A
Item 10. Certification
N/A
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CUSIP NO. 786454 10 8 SCHEDULE 13G PAGE 8 OF 8 PAGES
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SIGNATURE.
By signing below, the parties agree for purposes of Rule 13d-1(f)(1)
of the Securities Exchange Act of 1934, as amended, to a single joint filing on
behalf of each of them and each party on whose behalf the statement is filed is
solely responsible for the timely filing of such statement and any amendments
thereto, and for the completeness and accuracy of the information concerning
such person contained herein or therein; such person is not responsible for the
completeness or accuracy of the information concerning the other person making
the filing, unless such person knows or has reason to believe that such
information is inaccurate.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: March 14, 1997
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Signature: /s/ Neil K. Braverman
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Name/Title: Neil K. Braverman
Date: March 14, 1997
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Signature: /s/ Jeanne D. Braverman
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Name/Title: Jeanne D. Braverman
Date: March 14, 1997
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BRAVERMAN FAMILY PARTNERSHIP, LTD.
By: Paramount Investment Company,
its General Partner
Signature: /s/ Neil K. Braverman
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Name/Title: Neil K. Braverman
President
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
