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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
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)
(*) 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 the disclosures provided in a prior cover page.
The information required in 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 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 6 pages
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CUSIP NO. 786454 10 8 13G PAGE 2 OF 6 PAGES
(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) [ ]
(b) [ ]
N/A
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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 4,757,240
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY N/A
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH 4,757,240
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(8) SHARED DISPOSITIVE POWER
N/A
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,757,240
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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
8.6%
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(12) TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 786454 10 8 13G PAGE 3 OF 6 PAGES
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
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 4 OF 6 PAGES
Item 4. Ownership 1/
(a) Amount Beneficially Owned:
4,757,240 shares of Common Stock, $.01 par value
(b) Percent of Class:
8.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
4,757,240 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:
4,757,240 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 [ ]
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1/ The ownership reported herein includes (i) 176,000 shares held
directly by the reporting person, (ii) 973,000 shares subject to
options that are currently exercisable or will become exercisable
within 60 days of the date hereof, (iii) 2,049,200 shares held,
directly or indirectly as of December 31, 1998 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, (iv) 349,224 shares beneficially owned by Jeanne D.
Braverman, the reporting person's spouse and (v) 1,146,352 shares
held by trusts for which the reporting person's spouse serves as
trustee. The reporting person disclaims ownership of the shares
described in (iii), (iv) and (v) above 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
securities.
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CUSIP NO. 786454 10 8 13G PAGE 5 OF 6 PAGES
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 6 OF 6 PAGES
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 11, 1999
Signature: /s/ Neil K. Braverman
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Name/Title: Neil K. 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).
