UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___)*
KINNARD INVESTMENTS, INC.
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(Name of Issuer)
COMMON STOCK, $.02 PAR VALUE
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(Title of Class of Securities)
497059-10-5
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(CUSIP Number)
Robert S. Spong, 920 Second Avenue South,
Minneapolis, MN 55402 (612) 370-2700
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
3/5/96
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [x]
Check the following box if a fee is being paid with the statement [ ] (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*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
disclosures provided in a prior cover page.
The information required on the remainder of this cover 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).
<PAGE>
SCHEDULE 13D
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CUSIP No. 497059-10-5
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert S. Spong
###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[ ]
(b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
221,890 (Includes 11,437 shares held for reporting person in
the John G. Kinnard and Company, Incorporated Employee
Stock Ownership Plan & Trust)
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8 SHARED VOTING POWER
17,297
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9 SOLE DISPOSITIVE POWER
283,074 (Includes 72,621 shares held in reporting person's
401k/profit sharing plan)
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10 SHARED DISPOSITIVE POWER
17,297
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
311,808
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer.
Kinnard Investments, Inc. Common Stock, $.02 Par Value
920 Second Avenue South
Minneapolis, MN 55402
Item 2. Identity and Background.
a. Robert S. Spong
b. 920 Second Avenue South
Minneapolis, MN 55402
c. Mr. Spong is a Director of Kinnard Investments, Inc. and an Investment
Executive with John G. Kinnard and Company, Incorporated, its wholly-
owned subsidiary.
d. Mr. Spong has never been involved in a criminal proceeding.
e. Mr. Spong has never been a party to a civil proceeding as a result of
which he was or is subject to a judgement, decree or final order
enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation
with respect to such laws.
f. Mr. Spong is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
Shares were acquired under John G. Kinnard and Company, Incorporated
Employee Stock Ownership Plan and Trust. No payment was necessary.
Item 4. Purpose of Transaction.
N/A
Item 5. Interest in Securities of the Issuer.
Mr. Spong beneficially owns 311,808 shares. 11,437 shares are held on his
behalf in the John G. Kinnard and Company, Incorporated Employee Stock
Ownership Plan & Trust which he may vote but not dispose of; 72,621 shares
are held in his 401k/profit sharing plan which he may dispose of but not
vote; and 17,297 shares are held by his spouse.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to
Securities of the Issuer.
N/A
<PAGE>
Item 7. Material to be Filed as Exhibits.
N/A
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.
Dated: April 15, 1996
/s/ Robert S. Spong
Robert S. Spong
