-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AS+v4VLplr7PKBe04IrZezdXZukl9mBMm8et4OjKdASDFCRNlpWbjX4Tm8ioVHff VNJf/YqmFGv7vXd0u8d/rg== 0000910680-98-000081.txt : 19980217 0000910680-98-000081.hdr.sgml : 19980217 ACCESSION NUMBER: 0000910680-98-000081 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980212 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST SOUTH AFRICA CORP LTD CENTRAL INDEX KEY: 0001003390 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560] IRS NUMBER: 000000000 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-50469 FILM NUMBER: 98535388 BUSINESS ADDRESS: STREET 1: CLARENDON HOUSE CHURCH STREET STREET 2: CHURCH ST CITY: HAMILTON HM CX BURMU STATE: D0 ZIP: 00000 BUSINESS PHONE: 4412951422 MAIL ADDRESS: STREET 1: 2665 S BAYSHORE DR 405 CITY: COCONUT GROVE STATE: FL ZIP: 33133 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KABATZNIK CLIVE CENTRAL INDEX KEY: 0001033830 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 10241 SW 136 STREET CITY: MIAMI STATE: FL ZIP: 33171 SC 13G/A 1 CLIVE KABATZNIK SC13G AMENDMENT NO.1 -------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0145 Expires: December 31, 1998 Estimated average burden hours per response...14.90 -------------------------- UNITED SATES SECURITIES AND EXCHANGE COMMISSION WASHINGTO, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1)* FIRST SOUTH AFRICA CORP., LTD. ------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share ------------------------------------------------------------------- (Title of Class of Securities) G34874100 ------------------------------------------- (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 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 ("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). SEC 1745 (2-95) Page 1 of 4 pages 13G - ------------------- ----------------- CUSIP NO. G34874100 PAGE 2 OF 4 PAGES - ------------------- ----------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Clive Kabatznik - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 480,000 NUMBER OF -------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH -------------------------------------------------- REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 480,000 -------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 480,000 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* N/A - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.3% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SEC 1745 (2-95) Page 2 of 4 pages 13G - ------------------- ----------------- CUSIP NO. G34874100 PAGE 3 OF 4 PAGES - ------------------- ----------------- ITEM 4. OWNERSHIP. As of December 31, 1997: (a) Amount beneficially owned: 480,000 shares. Includes 190,000 shares of Class B Common Stock, par value $.01 per share (the "Class B Common Stock") held by Mr. Kabatznik and 290,000 shares of Common Stock, par value $.01 per share, issuable upon exercise of options that are immediately exercisable at an exercise price of (i) $6.00 per share with respect to 5,000 options, (ii) $5.00 per share with respect to 155,000 options, (ii) $4.75 per share with respect to 125,000 options, and (iv) $3.75 per share with respect to 5,000 options. Does not include 175,000 shares of Common Stock issuable upon exercise of options not exercisable within 60 days. Each share of Class B Common Stock has five votes per share; each share of Common Stock has one vote per share. (b) Percent of class: 9.3% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 480,000 (ii) Shared power to vote or direct the vote: 0 (iii) Sole power to dispose or direct the disposition of: 480,000 (iv) Shared power to dispose or direct the disposition of: 0 SEC 1745 (2-95) Page 3 of 4 pages SIGNATURE 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. FEBRUARY 9, 1998 ------------------------------------ Date /s/ Clive Kabatznik ------------------------------------ Signature Clive Kabatznik Chief Executive Officer, President, Chief Financial Officer and Director ------------------------------------ Name/Title SEC 1745 (2-95) Page 4 of 4 pages -----END PRIVACY-ENHANCED MESSAGE-----