SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Electro-Sensors, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
285233 10 3
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(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 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).
(Continued on following page(s))
Page 1 of 5 Pages
<PAGE>
SCHEDULE 13G
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CUSIP No. 285233 10 3 Page 2 of 5 Pages
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1 NAMES OF REPORTING PERSONS/
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Electro-Sensors, Inc. Employee Stock Ownership Trust
41-0943459
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS) (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
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NUMBER OF 5 SOLE VOTING POWER
SHARES 149,198
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH --------- --------------------------------------------
6 SHARED VOTING POWER
0
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7 SOLE DISPOSITIVE POWER
149,198
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
149,198
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) ______
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.6%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
EP
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<PAGE>
Item 1(a) Name of Issuer:
Electro-Sensors, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
6111 Blue Circle Drive
Minnetonka, MN 55343-9108
Item 2(a) Name of Person Filing:
See Cover Page Item 1
Item 2(b) Address of Principal Business Office or, if none, residence:
6111 Blue Circle Drive
Minnetonka, MN 55343-9108
Item 2(c) Citizenship:
See Cover Page Item 4
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP No.:
See Cover Page
Item 3 Statement Filed Pursuant to Rules 13d-1(b) or 13d-2(b):
(a) [ ] Broker or Dealer registered under Section 15 of the
Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19)
of the Act
(d) [ ] Investment Company registered under section 8 of
the Investment Company Act
(e) [ ] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [X] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement
Income Security Act of 1974, or Endowment Fund;
see ss.240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with
ss.240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) [ ] Group, in accordance with ss.240.13d-1(b)(1)(ii)(H)
Page 3 of 5 Pages
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Item 4(a) Amount Beneficially Owned:
See Cover Page Item 9
Item 4(b) Percent of Class:
See Cover Page Item 11
Item 4(c) Number of Shares as to Which Such Person Has:
(i) sole power to vote or to direct the vote: See Cover
Page Item 5
(ii) shared power to vote or to direct the vote: See
Cover Page Item 6
(iii) sole power to dispose or to direct the disposition
of: See Cover Page Item 7
(iv) shared power to dispose or to direct the disposition
of: See Cover Page Item 8
Item 5 Ownership of Five Percent or Less of a Class:
Not applicable
Item 6 Ownership of More than Five Percent on Behalf of
Another Person:
Not applicable
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
Page 4 of 5 Pages
<PAGE>
Item 10 Certification:
Not applicable
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, 1998.
Dated: February 9, 1999 ELECTRO-SENSORS, INC.
EMPLOYEE STOCK OWNERSHIP TRUST
By: /s/ Peter R. Peterson, Trustee
Peter R. Peterson, Trustee
Page 5 of 5 Pages
