-----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, N1gnSODTUaDlrulNbntTg7F4xWW1a4uJxqiOQuIJdHC6hBIwnRmSw8dxRYnF0ljD HYFamZMagGf4Mj1u1kUchQ== 0000910680-03-000126.txt : 20030213 0000910680-03-000126.hdr.sgml : 20030213 20030213153326 ACCESSION NUMBER: 0000910680-03-000126 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030213 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KABATZNIK CLIVE CENTRAL INDEX KEY: 0001033830 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 10241 SW 136 STREET CITY: MIAMI STATE: FL ZIP: 33171 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SILVERSTAR HOLDINGS LTD CENTRAL INDEX KEY: 0001003390 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] IRS NUMBER: 000000000 STATE OF INCORPORATION: B0 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-50110 FILM NUMBER: 03559350 BUSINESS ADDRESS: STREET 1: 6100 GLADES ROAD SUITE 305 CITY: BOCA RATON STATE: FL ZIP: 33434 BUSINESS PHONE: 5614790040 MAIL ADDRESS: STREET 1: 2665 S BAYSHORE DR 405 CITY: COCONUT GROVE STATE: FL ZIP: 33133 FORMER COMPANY: FORMER CONFORMED NAME: FIRST SOUTH AFRICA CORP LTD DATE OF NAME CHANGE: 19951114 FORMER COMPANY: FORMER CONFORMED NAME: LEISUREPLANET HOLDINGS LTD DATE OF NAME CHANGE: 20000128 SC 13G/A 1 d879271-5.txt DECEMBER 31, 2002 ----------------------------- OMB APPROVAL ----------------------------- OMB Number 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response .......11 ----------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO.4)* Silverstar Holdings, Ltd. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) G81365101 ------------------------------------------------------------------------------ (CUSIP Number) 12/31/02 ----------------------------------------------------------- (Date of Event which requires filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Statement is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [X] Rule 13d-1(d) *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). CUSIP No. G81365101 13G/A 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. - -------------------------------------------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY 1,022,834 OWNED BY ------------------------------------------------------------- EACH REPORTING 6 SHARED VOTING POWER PERSON N/A WITH ------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 1,022,834 ------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER N/A - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,022,834 - -------------------------------------------------------------------------------- 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 19.3% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT Page 2 of 4 CUSIP No. G81365101 13G/A Page 3 of 4 Pages ITEM 1. (a) Name of Issuer: Silverstar Holdings, Ltd. (b) Address of Issuer's Principal Executive Offices: Clarendon House, Church Street, Hamilton HM CX, Bermuda ITEM 2. (a) Name of Person Filing: Clive Kabatznik (b) Address of Principal Business Office or, if none, Residence: 6100 Glades Road, Suite 305, Boca Raton, Florida 33434 (c) Citizenship: U.S.A. (d) Title of Class of Securities: Common Stock, par value $.01 share (e) CUSIP Number: G81365101 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.SS.240.13D-1(B) OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A: Not Applicable ITEM 4. OWNERSHIP. The following is information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,022,834 Includes 190,000 shares of Class B Common Stock, par value $.01 per share (the "Class B Common Stock") held by Mr. Kabatznik and 463,334 shares of Common Stock, par value $.01 per share (the "Common Stock"), issuable upon exercise of options that are immediately exercisable at an exercise price of (i) $5.00 per share with respect to 188,334 options, (ii) $0.75 per share with respect to 5,000 options, (iii) $0.42 per share with respect to 5,000 options, (iv) $2.19 per share with respect to 5,000 options, (v) $4.06 per share with respect to 250,000 options, (vi) $5.125 per share with respect to 5,000 options, and (vii) $0.16 per share with respect to 5,000 options. CUSIP No. G81365101 13G/A Page 4 of 4 Pages (b) Percent of class: 19.3% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1,022,834 (ii) Shared power to vote or to direct the vote: N/A (iii) Sole power to dispose or to direct the disposition of: 1,022,834 (iv) Shared power to dispose or to direct the disposition of: N/A 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 box. [ ] ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON Not Applicable ITEM7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY Not Applicable ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP Not Applicable ITEM 9. NOTICE OF DISSOLUTION OF GROUP Not Applicable ITEM 10. CERTIFICATION Not Applicable 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. Dated: February 13, 2002 /s/ Clive Kabatznik ------------------------------------ Name: Clive Kabatznik Title: Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----