SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 8)
PRAB, INC.
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(Name of Issuer)
Common Stock $.10 Par Value
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(Title of Class of Securities)
739413 10 2
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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 in 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>
CUSIP No 739413 10 02
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1) Names of Reporting Persons I.R.S. Identification Nos. of Above
Persons (entities only) John J. Wallace
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
3) SEC Use Only
4) Citizenship or Place of Organization United States Citizen
Number of
Shares (5) Sole Voting Power 314,424
Beneficially
Owned by (6) Shared Voting Power 0
Each
Reporting (7) Sole Dispositive Power 314,424
Person
With (8) Shared Dispositive Power 0
9) Aggregate Amount Beneficially Owned by Each Reporting Person
314,424
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions) X
11) Percent of Class Represented by Amount in Row 9
17.9%
12) Type of Reporting Person (See Instructions) IN
Item 4
(a) Amount Beneficially Owned: 314,424*
(b) Percent of Class: 17.9%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
314,424
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition of
314,424
(iv) shared power to dispose or to direct the disposition of
0
*Includes 303,230 shares held by Mr. Wallace as trustee of a trust of
which he is the grantor and beneficiary.
<PAGE>
As of October 31, 1997, Mr. Wallace was a member of the
Administrative Committee of the Prab, Inc. Employees' Profit Sharing Plan
(the "Plan"), which holds 162,669 shares of the common stock of Prab, Inc. on
the date hereof. The Administrative Committee is appointed by the Board of
Directors of Prab, Inc. to administer the Plan and has the sole power to
direct the disposition of these 162,669 shares. None of the shares owned by
the Plan are included in the figures set forth above. The filing of this
statement shall not be construed as an admission that Mr. Wallace is, for the
purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any
shares held by the Plan.
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.
February 11, 1998
Date
/s/ John J. Wallace
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Signature
John J. Wallace
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Name/Title
