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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4 )*
SAFESKIN CORPORATION
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Name of Issuer
COMMON STOCK, $.01 PAR VALUE
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(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 7 pages
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CUSIP NO. 786454 10 8 13G PAGE 2 OF 7 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*
(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 2,277,120
SHARES ------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH N/A
REPORTING ------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH
2,277,120
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8 SHARED DISPOSITIVE POWER
N/A
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,277,120
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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
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 786454 10 8 13G PAGE 3 OF 7 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 747,788
SHARES ------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH N/A
REPORTING ------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH
747,788
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8 SHARED DISPOSITIVE POWER
N/A
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
747,788
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
X
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.8%
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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 13G PAGE 4 OF 7 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
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 13G PAGE 5 OF 7 PAGES
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Item 4. Ownership 1/
(a) Amount Beneficially Owned:
Neil K. Braverman: 2,277,120 shares of Common Stock, $.01 par value
Jeanne D. Braverman: 747,788 shares of Common Stock, $.01 par value
(b) Percent of Class:
Neil K. Braverman: 8.4%
Jeanne D. Braverman: 2.8%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Neil K. Braverman: 2,277,120 shares of Common Stock, $.01 par
value
Jeanne D. Braverman: 747,788 shares of Common Stock, $.01
par value
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1/ With respect to Neil K. Braverman, the ownership reported herein includes
(i) 473,000 shares subject to currently exercisable options, (ii)
1,004,600 shares held, directly or indirectly, as of December 31, 1997 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) 174,612 shares beneficially owned by Jeanne D. Braverman,
the reporting person's spouse, and (iv) 573,176 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 573,176 shares held by two trusts (286,588 held by each
trust) for which Ms. Braverman serves as trustee. Further, the ownership
reported herein excludes (i) 473,000 shares subject to currently
exercisable options held by Neil K. Braverman, the reporting person's
spouse, (ii) 1,004,600 shares held, directly or indirectly, as of December
31, 1997 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 13G PAGE 6 OF 7 PAGES
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(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: 2,277,120 shares of Common Stock, $.01 par value
Jeanne D. Braverman: 747,788 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 Jeanne Braverman has
ceased to be a 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
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CUSIP NO. 786454 10 8 13G PAGE 7 OF 7 PAGES
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Item 10. Certification
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: February 13, 1998
Signature: /s/ Neil K. Braverman
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Name/Title: Neil K. Braverman
Date: February 13, 1998
Signature: /s/ Jeanne D. Braverman
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Name/Title: Jeanne D. Braverman
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).
