-----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, QwHZtahKPchL33Pcr4BepmTcR35Jff8bbyciLUP5rWGcMcffewjX8L85Hm8INyNj wUrJ3ZSXQJ7EX4uCFv7zfA== 0000910680-02-000152.txt : 20020414 0000910680-02-000152.hdr.sgml : 20020414 ACCESSION NUMBER: 0000910680-02-000152 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020214 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: FOOD & KINDRED PRODUCTS [2000] 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: 02544320 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: LEISUREPLANET HOLDINGS LTD DATE OF NAME CHANGE: 20000128 FORMER COMPANY: FORMER CONFORMED NAME: FIRST SOUTH AFRICA CORP LTD DATE OF NAME CHANGE: 19951114 SC 13G/A 1 sc13gakabatznik123101.txt SCHDULE 13G/A - AMENDMENT NO. 4 - 12/31/01 ----------------------------- OMB APPROVAL ----------------------------- OMB Number 3235-0145 Expires: October 31, 2002 Estimated average burden hours per response ..... 14.9 ----------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (RULE 13D-102) UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 4)* INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13D-1(B), (C) AND (D) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(B) Silverstar Holdings, Ltd. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) G81365101 ------------------------------------------------------------------------------ (CUSIP Number) 12/31/01 ----------------------------------------------------------- (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. CUSIP No. G81365101 13G 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 1,187,500 OWNED BY ------------------------------------------------------------- EACH REPORTING 6 SHARED VOTING POWER PERSON N/A WITH ------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 1,187,500 ------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER N/A - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,187,500 - -------------------------------------------------------------------------------- 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 16.45% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT CUSIP No. G81365101 13G 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 4. Ownership. As of December 31, 2001: (a) Amount beneficially owned: 1,187,500. --------- Includes 190,000 shares of Class B Common Stock, par value $.01 per share (the "Class B Common Stock") held by Mr. Kabatznik, 277,500 shares of Common Stock, par value $.01 per share (the "Common Stock") held by Mr. Kabatznik, and 720,000 shares of Common Stock issuable upon exercise of options that are immediately exercisable at an exercise price of (i) $5.00 per share with respect to 205,000 options, (ii) $4.75 per share with respect to 250,000 options, (iii) $2.19 with respect to 5,000 options, (iv) $4.06 with respect to 250,000 options, (v) $5.125 with respect to 5,000 options, and (vi) $0.69 with respect to 5,000 options. 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: 16.45% --------- (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 1,187,500. --------- (ii) Shared power to vote or to direct the vote N/A. ---- (iii) Sole power to dispose or to direct the disposition of 1,187,500. --------- (iv) Shared power to dispose or to direct the disposition of N/A. ---- CUSIP No. G81365101 13G Page 4 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 11, 2002 ---------------------------------- Date /s/ Clive Kabatznik ---------------------------------- Signature Clive Kabatznik ---------------------------------- Name -----END PRIVACY-ENHANCED MESSAGE-----