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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 8)*
Hawkins Chemical, Inc.
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(Name of Issuer)
Common Stock, Par Value $.05 per share
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(Title of Class of Securities)
420200 10 7
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A
fee is not required only if the filing 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).
*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 1 of 8 pages
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CUSIP No. 420200 10 7 Page 2 of 8 Pages
----------- 13G
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(1) NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hawkins Chemical, Inc. Employee Stock Ownership Plan and Trust
(a) 41-0771293
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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) CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
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NUMBER OF SHARES (5) SOLE VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH REPORTING ----------------------------------------------------
PERSON WITH (6) SHARED VOTING POWER
2,499,582 (b)
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(7) SOLE DISPOSITIVE POWER
0
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(8) SHARED DISPOSITIVE POWER
2,499,582 (b)
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,499,582 (b)
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
22%
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(12) TYPE OF REPORTING PERSON*
EP
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NOTES
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(a) The Trustees of the Hawkins Chemical, Inc. Employee Stock Ownership
Plan and
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Trust are Messrs. Howard J. Hawkins, Dean L. Hahn, Donald L. Shipp, Howard M.
Hawkins, and John R. Hawkins. These individuals are all directors and
officers of the Issuer. Apart from the plan holdings in this plan and the
individual interests of each trustee under such plan as of December 31, 1998,
these individuals had personal holdings of the Issuer's common stock as set
forth below. Unless otherwise noted, all shares shown are held by individuals
possessing sole voting and dispositive power with respect to such shares.
<TABLE>
<CAPTION>
Number of Percentage
Name Shares of Class
---- --------- ----------
<S> <C> <C>
Howard J. Hawkins 489,847(1) 4.3%
Dean L. Hahn 105,128(2) 0.9%
Donald L. Shipp 132,068(3) 1.2%
Howard M. Hawkins 168,960(4) 1.5%
John R. Hawkins 72,201(5) 0.6%
</TABLE>
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(1) Mr. Hawkins has sole voting and dispositive power over all of these
489,847 shares, except for 191,665 shares owned by his wife as to which Mr.
Hawkins may be deemed to share voting and dispositive power, but as to which
he disclaims beneficial ownership, as well as 36,093 shares that Mr. Hawkins
holds jointly with his wife as to which he shares voting and dispositive
power.
(2) Mr. Hahn has sole voting and dispositive power over all of these 105,128
shares, except for 8,292 shares that Mr. Hahn holds jointly with his wife as
to which he shares voting and dispositive power.
(3) Mr. Shipp has sole voting and dispositive power over all of these
132,068 shares, except 70,509 shares that Mr. Shipp holds jointly with his
wife as to which he shares voting and dispositive power and 60,000 shares
held by his wife also which he may be deemed to share voting and investment
power, but as to which he disclaims beneficial ownership.
(4) Mr. Hawkins has sole voting and dispositive power over all of these
168,960 shares, except for 64,695 shares held by his wife as to which Mr.
Hawkins may be deemed to share voting and dispositive power, but as to which
he disclaims beneficial ownership; and 99,469 shares that Mr. Hawkins holds
jointly with his wife as to which he shares voting and dispositive power.
(5) Mr. Hawkins has sole voting and dispositive power over all of these
72,201 shares, except 40,897 shares held by him as custodian for one minor
child as to which he has full voting and dispositive power, but as to which
he disclaims beneficial ownership; and 11,861 shares that Mr. Hawkins holds
jointly with his wife as to which he shares voting and dispositive power.
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(b) The Hawkins Chemical, Inc. Employee Stock Ownership Plan and
Trust (the "ESOP") currently holds 2,499,582 shares of the Issuer's common
stock, representing 22% of the total outstanding shares. The ESOP allows
participants to direct the voting of shares allocated to their accounts, but
since the Trustees may vote shares with respect to which no directions are
received, the Trustees may be deemed to share voting power as to all of these
shares. In addition, the Trustees, as individual participants in the ESOP,
have the power to direct the voting of the following number of shares
allocated to their personal accounts as of December 31, 1998: Howard J.
Hawkins, 134,512 shares; Dean L. Hahn, 201,106 shares; Donald L. Shipp,
174,838 shares; Howard M. Hawkins, 122,833 shares; and John R. Hawkins,
116,280 shares. The Trustees also have dispositive power with respect to all
2,499,582 shares, provided that this power is limited by a requirement that
the assets of the ESOP Trust must consist primarily of shares of the Issuer's
stock. Each Trustee disclaims beneficial ownership of the shares attributed
to him solely as a Trustee of the ESOP.
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SCHEDULE 13G
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ITEM 1.
(a) Name of Issuer
Hawkins Chemical, Inc.
(b) Address of Issuer's Principal Executive Offices
3100 East Hennepin Avenue
Minneapolis, Minnesota 55413
ITEM 2.
(a) Name of Person Filing
Hawkins Chemical, Inc. Employee Stock Ownership Plan and Trust
(b) Address of Principal Business Office or, if none,
Residence
c/o Hawkins Chemical, Inc.
3100 East Hennepin Avenue
Minneapolis, Minnesota 55413
(c) Citizenship
Minnesota
(d) Title of Class of Securities
Common Stock, Par Value $.05 per share
(e) CUSIP Number
420200 10 7
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR
13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
(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
Rule 13d-1(b)(1)(ii)(F)
(g) ____ Parent Holding Company, in accordance with
Rule 13d-1(b)(1)(ii)(G) (Note: See Item 7)
(h) ____ Group, in accordance with Rule 13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
If the percent of the class owned, as of December 31 of the year covered
by the statement, or as of the last day of any month described in
Rule 13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right
to acquire.
(a) Amount Beneficially Owned
2,499,582 (See Note b)
(b) Percent of Class
22%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
0
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(ii) shared power to vote or to direct the vote
2,499,582 (See Note b)
(iii) sole power to dispose or to direct the disposition of
0
(iv) shared power to dispose or to direct the disposition of
2,499,582 (See Note b)
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
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired in
the ordinary course of business and were not acquired for the
purpose of and do not have the effect of changing or
influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in
any transaction having such purpose or effect.
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned Trustees of the Hawkins Chemical, Inc. Employee Stock
Ownership Trust certify on behalf of the Trust that the information set forth
in this statement is true, complete and correct.
HAWKINS CHEMICAL, INC.
EMPLOYEE STOCK OWNERSHIP
TRUST
Dated: January 27, 1999 By: /s/ Howard J. Hawkins
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Howard J. Hawkins, Trustee
By: /s/ Dean L. Hahn
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Dean L. Hahn, Trustee
By: /s/ Donald L. Shipp
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Donald L. Shipp, Trustee
By: /s/ Howard M. Hawkins
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Howard M. Hawkins, Trustee
By: /s/ John R. Hawkins
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John R. Hawkins, Trustee
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