Saf T Lok Inc. – ‘4’ for 5/30/99 re: Saf T Lok Inc.

As of:  Thursday, 6/3/99   ·   For:  5/30/99   ·   Accession #:  902056-99-12   ·   File #:  1-11968

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Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of        2±     6K 
                Securities by an Insider                                         


U.S. Securities and Exchange Commission                                         
Washington, DC  20549                             

ANNUAL 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.                

FORM 4                                                                          
___Check here if no longer subject to Section 16.  Form 4 or Form 5             
obligations may continue                                                  

1.Name and Address of                                                           
Reporting Person         Schmidt, William M.                                
7741 SE Doubletree Dr.    
Hobe Sound, FL  33455     

2.Issuer Name and Ticker                                                        
or Trading Symbol        Saf T Lok Incorporated  (LOCK)                     

3.IRS or Social Security                                                        
number of person                                                            
reporting (voluntary)                                                       

4.Statement for Month/Year 05/99                                                

5.If amendment, date of                                                         
Original (MO/yr.)         N/A                                               

6.Relationship of Reporting                                                     
Person to issuer                                                            
(check all that apply):  _X_ Director                                       
_X_ Officer               
CFO                                                                             
___ 10% Owner             
       ___ Other (Specify)______________

Table I - Non-Derivative Securities, Acquired, Disposed of, or                  
Beneficially Owned.                                                             

1. Title of Security       Common Stock                                         

2. Transaction Date                                                             
(month/day/year)         05/27/99                                           
05/27/99                  
05/27/99                  

3. Transaction Code        S                                                    
S                         
S                         

4. Number of Securities                                                         
Disposed of (D)          5,000 at $3.906                                    
Disposed of (D)         29,500 at $3.875                                    
Disposed of (D)         19,500 at $4.000                                    

5. Amount of Securities Beneficially Owned                                      
at End of Month           71,596                                              

6. Ownership Form: Direct (D) or                                                
Indirect (I)             D                                                  

7. Nature of Indirect Beneficial                                                
Ownership                N/A                                                

Signature of Reporting Person:/s/William M. Schmidt                             
Date:06/02/99