SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 17)*
Chesapeake Corporation
(Name of Issuer)
Common Stock, $1.00 par value
(Title of Class of Securities)
165159 10 4
(CUSIP Number)
*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 the disclosures provided
in a prior cover page.
The information required in the remainder of this coverage page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
1
<PAGE>
CUSIP No. 165159 10 4 Page 2 of 7 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sture G. Olsson
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) __
(b) __
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF 5 SOLE VOTING POWER
891,599
SHARES
6 SHARED VOTING POWER
BENEFICIALLY
174,450 (See No. 9 below)
OWNED BY
7 SOLE DISPOSITIVE POWER
EACH
968,039
REPORTING
PERSON 8 SHARED DISPOSITIVE POWER
WITH 38,010 (See No. 9 below)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 1,066,049
The filing of this statement shall not be construed as an
admission that Mr. Olsson is, for purposes of Sections
13(d) or 13(g) of the Securities Exchange Act of 1934, the
beneficial owner of the shares listed on lines 6 or 8.
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.997%
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
2
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
SCHEDULE 13-G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Item 1(a) Name of Issuer:
CHESAPEAKE CORPORATION
Item 1(b) Address of Issuer's Principal Executive Offices:
James Center, Box 2350, Richmond, Virginia 23218-2350
Item 2(a) Name of Person Filing:
Sture G. Olsson
Item 2(b) Address of Principal Business Office, or, if none,
residence:
Chesapeake Corporation, James Center, Box 2350,
Richmond, Virginia 23218-2350
Item 2(c) Citizenship:
United States
Item 2(d) Title of Class of Securities:
Common Stock ($1.00 par)
Item 2(e) CUSIP Number:
165159 10 4
Item 3 If this statement is filed pursuant to Rule 13d-1(b)
or 13d-2(b), check whether the person filing is a:
Not applicable
3
<PAGE>
Item 4 Ownership:
(a) Amount Beneficially Owned: 1,066,049
(b) Percent of Class: 4.997%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote -
891,599
(ii) shared power to vote or to direct the vote -
174,450*
(iii) sole power to dispose of or to direct the
disposition of -
968,039
(iv) shared power to dispose or to direct the
disposition of -
38,010*
______________________________________________________
*The filing of this statement shall not be construed
as admission that Sture G. Olsson is, for purposes of
Sections 13(d) or 13(g) of the Securities Exchange
Act of 1934, the beneficial owner of the 174,450
shares described in Item 4(c)(ii) or the 38,010
shares described in Item 4(c)(iv).
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact
that as of the date hereof, the reporting person has
ceased to be the beneficial owner of more than five
percent of securities, check the following. X
Item 6 Ownership of More than Five Percent on Behalf of
Another Person:
Not applicable
4
<PAGE>
Item 7 Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by the
Parent Holding Company:
Not applicable
Item 8 Identification and Classification of Members of the
Group:
Not applicable
Item 9 Notice of Dissolution of Group:
Not applicable
Item 10 Certification:
Not applicable
5
<PAGE>
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 as of December 31,
1997.
March 10, 1998 /s/ Sture G. Olsson
Date Signature
Sture G. Olsson
Name/Title
6
<PAGE>
STURE G. OLSSON
Schedule 13-G
Summary of Item 4(c)
(i) Sole Power to vote or to direct the vote:
Name Amount
Sture G. Olsson 173,065
Signe Maria Olsson Trust (1966) 189,334
Inga Residuary Trust (Nylander) 469,200
Elis Olsson Memorial Foundation 60,000
Total (i) 891,599
(ii) Shared Power to vote or direct the vote:
Name Amount
Inga Olsson Trust (Nylander) 136,440
Shirley C. Olsson 38,010
Total (ii) 174,450
(iii) Sole Power to dispose of or to direct the
disposition of:
Name Amount
Sture G. Olsson 173,065
Inga Olsson Trust (Nylander) 136,440
Signe Maria Olsson Trust (1966) 189,334
Inga Residuary Trust (Nylander) 469,200
Total (iii) 968,039
(iv) Shared Power to dispose or to direct the
disposition of:
Name Amount
Shirley C. Olsson 38,010
Total (iv) 38,010
7
