SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ________)
NORTH ATLANTIC TECHNOLOGIES, INC.
COMMON STOCK
657335105
(CUSIP Number)
Roger H. Frommelt, Esq.
Frommelt & Eide, Ltd.
580 International Centre
900 Second Avenue South
Minneapolis, Minnesota 55402
(612) 332-2200
January 30, 1996
(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-(b)(3) or (4), check the following box. [ ]
Check the following box if a fee is being paid with this statement. [X]
<TABLE>
<CAPTION>
<S> <C> <C>
==========================================================================================================================
(1) Names of Reporting Persons. S.S. Bruce A. Watson
or I.R.S. Identification Nos. of
Above Persons
- --------------------------------------------------------------------------------------------------------------------------
(2) Check the Appropriate Box if a (a) Not Applicable
Member of a Group (See Instructions)
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(b) Not Applicable
- --------------------------------------------------------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) OO (Shares received for services
rendered to subject company)
- --------------------------------------------------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Not Applicable
Proceedings is Required Pursuant to
Items 2(d) or 2(e)
- --------------------------------------------------------------------------------------------------------------------------
(6) Citizenship or Place of Organization U.S.A.
- --------------------------------------------------------------------------------------------------------------------------
Number of Shares (7) Sole Voting 861,000
Beneficially Power
Owned
by Each Reporting
Person With
--------------------------------------------------------------------------------------------
(8) Shared Voting -0-
Power
--------------------------------------------------------------------------------------------
(9) Sole Dispositive 861,000
Power
--------------------------------------------------------------------------------------------
(10) Shared Disposi- -0-
tive Power
- --------------------------------------------------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially 861,000 shares
Owned by Each Reporting Person
- --------------------------------------------------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Not Applicable
Row (11) Excludes Certain Shares
- --------------------------------------------------------------------------------------------------------------------------
(13) Percent of Class Represented by 25.3%
Amount in Row (11)
- --------------------------------------------------------------------------------------------------------------------------
(14) Type of Reporting Person IN
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</TABLE>
ITEM 1. SECURITY AND ISSUER.
North Atlantic Technologies, Inc. no par Common Stock.
8120 Penn Avenue South, Suite 435
Bloomington, Minnesota 55431
ITEM 2. IDENTITY AND BACKGROUND.
(a) Bruce A. Watson
(b) 8120 Penn Avenue South
Bloomington, Minnesota 55431
(c) President and Chief Executive Officer of North Atlantic
Technologies, Inc., 8120 Penn Avenue South, Bloomington,
Minnesota 55431, which is engaged primarily in the business of
developing, designing, manufacturing and marketing heat
recovery systems.
(d) No
(e) No
(f) Citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The subject company issued 750,000 shares of common stock to the Reporting
Person as consideration for services rendered.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Person has acquired the securities solely for investment purposes.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Aggregate Number of
Shares of Common Stock Percentage of Shares of
Held Common Stock Held
---------------------- -----------------------
861,000 shares 25.3%
(b) Sole Shared Sole Shared
Voting Voting Dispositive Dispositive
Power Power Power Power
------ ------ ----------- -----------
861,000 None 861,000 None
(c) None.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
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.
Date: April 10, 1996 Signature: /s/ Bruce A. Watson
------------------------
Bruce A. Watson
