It is not confirmed yet, if this figure ever really existed. The origin is pure speculation so far. Some say, that it was a mail in figure from "Wonder Bread", but that's not confirmed.
As far as I know, there are two "known versions" of this figure: one without armor and two red brown weapons and one with black Zodac armor and black pistol.
I'm glad. that we got the second version. BTW: At the beginning I didn't even know thet a second "Savage-He-man" version existed. I always thought, that the "real Wonder Bread-He-Man" came with armor and pistol.