Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
HOWLETT TERRY
 2. Issuer Name and Ticker or Trading Symbol
SKINVISIBLE INC [SKVI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO, CFO
(Last)
(First)
(Middle)

6320 S. SANDHILL ROAD, SUITE #10		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2010
(Street)


LAS VEGAS, NV 89120		 4. If Amendment, Date Original Filed(Month/Day/Year)
02/02/2011		 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options $ 0.04 (2) 01/04/2006   J(1) 200,000   01/04/2006 01/03/2016(3) Common Stock
200,000
$ 0 200,000
D
 
Stock Options $ 0.04 (2) 01/31/2008   J(4) 400,000   01/31/2008 01/30/2013 Common Stock
400,000
$ 0 600,000
D
 
Stock Options $ 0.04 (2) 10/20/2008   J(4) 1,000,000   10/20/2008 10/19/2013 Common Stock
1,000,000
$ 0 1,600,000
D
 
Stock Options $ 0.04 (2) 01/20/2009   J(4) 1,000,000   01/20/2009 01/19/2004 Common Stock
1,000,000
$ 0 2,600,000
D
 
Warrants (5) $ 0.05 05/20/2009   A(3) 1,500,000   05/20/2009 05/19/2016 Common Stock
1,500,000
$ 0 4,100,000
D
 
Stock Options $ 0.08 12/07/2009   J(4) 1,000,000   12/07/2009 12/06/2014 Common Stock
1,000,000
$ 0 5,100,000
D
 
Stock Options $ 0.06 11/15/2010   J(4) 1,000,000   11/15/2010 11/14/2015 Common Stock
1,000,000
$ 0 6,100,000
D
 
Debt Conversion Rights $ 0.04 12/31/2010   C(6) 6,470,938   12/31/2010 12/31/2011 Common Stock
6,470,938
$ 0 12,570,938
D
 
Debt Conversion Rights (Warrant) $ 0.06 12/03/2010   C(6) 3,237,500   12/31/2010 12/30/2014(6) Common Stock
3,237,500
$ 0 15,808,438
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HOWLETT TERRY
6320 S. SANDHILL ROAD
SUITE #10
LAS VEGAS, NV 89120		   X   X   CEO, CFO  

Signatures

/s/ Terry Howlett 03/01/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Mr. Howlett was granted an option to purchase shares of common stock under the Issuer's Stock Option Plan dated April 1, 1999.
(2) On April 21, 2009, the Issuer's Board of Directors approved to reset the exercise price to $0.04.
(3) On January 10, 2010 the Issuer's Board of Directors approved to extend the expiration date 5 years.
(4) Mr. Howlett was granted an option to purchase shares of common stock under the Issuer's Stock Option Plan dated July 17, 2006.
(5) These warrants were originally reported as stock options on Form 4 filed on May 20, 2009.
(6) On December 31, 2010, the Issuer's Board of Directors approved a Debt Conversion Agreement which grants Mr. Howlett the right to convert gross salary debt owed to him totaling $258,837.50 into common stock of the Issuer as well as a warrant agreement to purchase one share for every two shares acquired. The actual expiration date is 3 years following the conversion date.

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