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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Amendment No. 2
Under the Securities Exchange Act of 1934
Dynamic Materials Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
267888105
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(CUSIP Number)
Gary S. Kohler, Vice President
Okabena Investment Services, Inc.
5140 Norwest Center
90 South Seventh Street, Minneapolis, MN 55402-4139
(612) 339-7151
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(Name, Address and Telephone Number of Person Authorized
to receive Notices and Communications)
July 19, 1996
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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 / /.
Check the following box if a fee is being paid with this 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 1 of 4 Pages
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CUSIP No. 267888105
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(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above
Persons
Okabena Partnership K. a Minnesota general partnership 41-1642281
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(2) Check the Appropriate Box if a Member
of a Group
(a) / /
(b) /X/
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(3) SEC Use Only
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(4) Source of Funds
WC
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(5) Check 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
MN
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Number of Shares (7) Sole Voting
Beneficially Owned Power 312,000 shares
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power shares
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(9) Sole Dispositive
Power 312,000 shares
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(10) Shared Dispositive
Power shares
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
312,000 shares
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
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(13) Percent of Class Represented by Amount in Row (11)
12.45%
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(14) Type of Reporting Person (See Instructions)
PN
Page 2 of 4 Pages
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This second amendment to Schedule 13D is filed by and on behalf of Okabena
Partnership K (the "Partnership") and amends the original Schedule 13D filed
on June 27, 1990 and Amendment No. 1 filed June 18, 1996.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b). See Schedule 13D cover page, rows (7) through (11)
inclusive and (13).
(c). The Reporting Person purchased 27,000 shares of Common
Stock on July 19, 1996 at $5.81 per share and 5,000
shares on July 24 at $5.75 per share, in open market
transactions, increasing its beneficial ownership to
320,000 shares (12.45%).
Page 3 of 4 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: July 26, 1996 OKABENA PARTNERSHIP K
By: Okabena Investment Services, Inc.
Its Managing Partner
By: /s/ Gary S. Kohler
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Gary S. Kohler, Vice President
Page 4 of 4 Pages
