U.S. SECURITIES AND EXCHANGE COMMISSION
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
1. Name and Address of Reporting Person*
Brown Marvin P.
(Last) (First) (Middle)
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(Street)
c/o Mace Security Int'l, Inc.
160 Benmont Ave.
Bennington, VT 15201
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Mace Security International, Inc. (MACE)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
3/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
Chairman
7. Individual or Joint/Group Filing (Check applicable line)
__X__ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
Table 1 - Non-Derivative Securities, Acquired, Disposed of, or
Beneficially Owned
1. Title of Security (Instr. 3)
2. Transaction Date
(Month/Day/Year)
3. Transaction Code
(Instr. 8)
Code V
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount (A) or (D) Price
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
7. Nature of Indirect Beneficial Ownership (Instr. 4)
* If the form is filed by more than one Reporting Person see
Instruction 4 (b)(v).
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly. (Print or Type Responses)
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g. puts, calls, warrants, options, convertible securities)
1. Title Derivative Security (Instr. 3)
Options
2. Conversion or Exercise Price Of Derivative Security
$1.25
3. Transaction Date (Month/Day/Year)
3/10/99
4. Transaction Code (Inst. 8)
Code V
A*
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
(A) (D)
100,000
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
immediate 7/15/99
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title Amount or Number of Shares
Common Stock 100,000
8. Price of Derivative Security (Instr. 5)
0
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
310,000
10. Ownership Form of Derivative Security: Direct (D) Indirect (I) (Instr.4)
D
11. Nature of Indirect Beneficial Ownership (Instr.4)
Explanation of Responses:
/s/ Marvin P. Brown 3/10/99
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**Signature of Reporting Person Date
* The option "granted" hereunder were previously issued to registrant; the term
has been extended.
**Intentional misstatements or omissions of fact constitute Federal
criminal violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If the space provided is insufficient, see Instruction 6 for procedure.
