FORM 3 _____________________________
| OMB APPROVAL |
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF 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(f) of the
Investment Company Act of 1940
1. Name and Address of Reporting Person
Carlson Lars T.
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(Last) (First) (Middle)
4444 West 76th Street, Suite 600
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(Street)
Edina Minnesota 89103
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(City) (State) (Zip)
2. Date of Event Requiring Statement
(Month/Day/Year)
10/17/97
3. IRS or Social Security Number of Reporting Person
(Voluntary)
4. Issuer Name and Ticker or Trading Symbol
SAC Technologies, Inc. "SACM"
5. Relationship of Reporting Person to Issuer
(Check all applicable))
_X_ Director ___ 10% Owner
___ Officer (give ___ Other (specify
title below) below)
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6. If Amendment, Date of Original
(Month/Day/Year)
<TABLE>
<CAPTION>
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TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
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<S> <C> <C> <C>
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Direct (D) or Indirect (I) Ownership (Instr. 5)
(Instr. 4) (Instr. 5)
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None Owned
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</TABLE>
<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED (e.g. PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
- ------------------------ ------------------- ----------------------------------- ------------ ------------- -----------------------
<S> <C> <C> <C> <C> <C>
1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of Indirect
Security (Instr. 4) cisable and Underlying Derivative Security sion or ship Beneficial Ownership
Expiration (Instr. 4) Exercise Form of (Instr. 5)
Date Price of Deriv-
(Month/Day/ Deri- ative
Year) vative Security:
Security Direct
(D) or
Indirect
(I)
(Instr. 5)
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Amount
Date Expira- or
Exer- tion Title Number
cisable Date of
Shares
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Non-qualified stock * 10-17-2004 Common Stock 45,833 $10.75 D
options
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</TABLE>
Explanation of Responses:
* The Optionee may exercise the subject non-qualified stock option ("NQSO") for
up to 20% of the option stock commencing May 1, 1998 with additional
installments of 20% becoming exercisable on the second, third, fourth and fifth
year anniversary dates. Such installments shall be cumulative and, if in any
year the total number of shares of option stock which may be purchased in such
year is not purchased, the shares not purchased may be purchased in any
subsequent year during the term of the NQSO.
/s/ Lars T. Carlson 10-27-97
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**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, SEE Instruction 6 for procedure.
