United States
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)
Name of Issuer: Imtec, Inc.
Title of Class of Securities: Common Stock
CUSIP Number: 452909104
Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications:
Douglas T. Granat, 155 Pfingsten Road, Suite 360,
Deerfield , IL 60015 (847) 405-9700
Date of Event which Requires Filing of this Statement:
January 1, 1998
CUSIP No. 452909104
Page 2 of 4 Pages
1. Name of Reporting Person Trigran Investments L.P.
IRS No. 36-3778244
2. Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
3. SEC Use Only
4. Source of Funds
5. Check Box if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e) [ ] N/A
6. Citizenship or Place of Organization Illinois
7. Sole Voting Power See Item 5(b)
8. Shared Voting Power See Item 5(b)
9. Sole Dispositive Power See Item 5(b)
10. Shared Dispositive Power See Item 5(b)
11. Aggregate Amount Beneficially Owned by Each Reporting Person 261,120
12. Check Box if the Aggregate Amount in Row (11)
Excludes Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11) 16.78%
14. Type of Reporting Person PN
CUSIP No. 452909104
Page 3 of 4
Item 1. Security and Issuer
Common Stock, par value $.01 per share
IMTEC, Inc. (the "Issuer")
One Imtec Lane
Bellows Falls, VT 05101
Except as expressly stated below, there have been no material changes
in the facts and statements set forth in Schedule 13D, filed October 26,
1995, as amended by Amendment No. 1, filed February 2, 1996, and
Amendment No. 2, filed March 15, 1996, and by Amendment No. 3,
filed July 9, 1996, and by Amendment No. 4, filed August 15,1996,
with respect to the Common Stock, par value $.01 per share, of
IMTEC, Inc. (Where no material change has occurred with respect
to Items 2-8, inclusive, or a part thereof, of the Schedule 13D, such
particular item or respective part thereof is omitted from this
Amendment No. 5.)
Schedule 13D, as amended by Amendment No. 1 and Amendment No.2
and Amendment No. 3 and Amendment No. 4, together with this
Amendment No.5 is sometimes referred to herein as Schedule 13D,
as amended.
Item 5 Interest in the Securities of the Issuer
(a) The aggregate number and percentage of the common stock of the Issuer
beneficially owned by the Reporting Person as of the date of this filing is
261,120 shares or 16.78%
(b) The Reporting Person and Trigran Investments, Inc. each have sole
power to vote and sole power to dispose of the securities listed
in (a) above.
Each of Douglas Granat, Kenneth Granat, and Lawrence Oberman have
shared power to vote shared power to dispose of the securities listed
in (a) above.
(c) The following transactions were effected in the securities of the
Issuer from November 1,1997 through January 29, 1998:
Cusip No. 452909104
Page 4 of 4
Date Amount of Securities Price Per Share Transaction
1/1/98 3,000 9.625 Options Granted
Signature
After reasonable inquiry and to the best of the undersigned's knowledge,
the undersigned certifies that the information set forth in this
statement is true, complete and correct.
January 29, 1998
TRIGRAN INVESTMENTS L.P., an Illinois limited partnership
By: Trigran Investments, Inc., general partner
By: /s/ Lawrence A. Oberman
Lawrence A. Oberman
Vice President
