INVACARE CORP
SC 13G/A, 1996-02-14
ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES
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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. 10)*


                             Invacare Corporation
- --------------------------------------------------------------------------------
                               (Name of Issuer)



                            Class B Common Shares
- --------------------------------------------------------------------------------
                        (Title of Class of Securities)


                                 46 1203 10 1
- --------------------------------------------------------------------------------
                                (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).




                                      
                     (Continued on the following page(s))
                                      
                               Page 1 of 6 Pages
<PAGE>   2
<TABLE>
<S>                        <C>                                  <C>          <C>
       CUSIP NO. 46 1203 10 1                        13G          PAGE 2 OF 6 PAGES

   1   NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         Joseph B. Richey, II


   2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                       (a)   /  /
         Not Applicable
                                                                       (b)   /  /
   3   SEC USE ONLY                              


   4   CITIZENSHIP OR PLACE OF ORGANIZATION

         United States

                                             5   SOLE VOTING POWER                                                                  
          NUMBER OF                                653,662 Class B Common Shares
            SHARES                                 260,180 Common Shares (Options)
         BENEFICIALLY                              62,452 Common Shares
           OWNED BY   
        EACH REPORTING                       6   SHARED VOTING POWER                                                          
         PERSON WITH                               19,760 Class B Common Shares
                                                   5,382 Common Shares

                                             7   SOLE DISPOSITIVE POWER
                                                   653,662 Class B Common Shares
                                                   260,180 Common Shares (Options)
                                                   62,452 Common Shares

                                             8   SHARED DISPOSITIVE POWER
                                                   19,760 Class B Common Shares
                                                   5,382 Common Shares

   9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         673,422 Class B Common Shares
         260,180 Common Shares (Options)
         67,834 Common Shares

  10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
         [X]

  11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
         Class B Common Shares currently owned entitle the Reporting Person 
         to exercise 9.47% of total voting power. If all Class B Common 
         Shares of the Company were converted, the Reporting Person would 
         own 3.35% of Common Shares.

  12   TYPE OF REPORTING PERSON*
         IN                       

<FN>
                                           *SEE INSTRUCTION BEFORE FILLING OUT!
</TABLE>
                              Page 2 of 6 Pages
<PAGE>   3

                              INVACARE CORPORATION
                               Amendment No. 10
                                       to
                                  Schedule 13G
                              Joseph B. Richey II


Item 1(a).  Name of Issuer:
- ---------------------------
         Invacare Corporation

Item 1(b).  Address of Issuer's Principal Executive Offices:
- ------------------------------------------------------------
         P.O. Box 4028
         899 Cleveland Street
         Elyria, Ohio  44036

Item 2(a).  Name of Person Filing:
- ----------------------------------
         Joseph B. Richey II

Item 2(b).  Address of Principal Business Office, or, if none, residence:
- -------------------------------------------------------------------------
         Joseph B. Richey II
         P.O. Box 4028
         899 Cleveland Street
         Elyria, Ohio  44036

Item 2(c).  Citizenship:
- ------------------------
         United States

Item 2(d).  Title of Class of Securities:
- -----------------------------------------
         Class B Common Shares, without par value

Item 2(e).  CUSIP Number:
- -------------------------
         461203 10 1

Item 3.  Statements Filed Pursuant to Rule 13d-1(b) or 13d-2(b):
- ----------------------------------------------------------------
         Not Applicable

Item 4.  Ownership:
- -------------------
         (a)     Amount Beneficially owned:
                 673,422 Class B Common Shares which carry 10 votes per share
                 and are convertible at any time into Common Shares, 260,180
                 Common Shares which may be acquired upon the exercise of
                 options, and 67,834 Common Shares;





                               Page 3 of 6 Pages
<PAGE>   4
         (b)     Percent of Class:
                 Class B Common Shares, plus Common Shares and options,
                 currently owned entitle the Reporting Person to exercise     %
                 of total voting power.  If all Class B Common Shares of the
                 Company were converted, Reporting Person would own     % of
                 Common Shares.


         (c)     Number of shares as to which such person has:

               (i)        sole power to vote or to direct the vote -- 653,662
                          Class B Common Shares which carry 10 votes per share
                          and are convertible at any time into Common Shares,
                          260,180 Common Shares which may be acquired upon the
                          exercise of options, and 62,452 Common Shares;

              (ii)        shared power to vote or to direct the vote -- 16,000
                          Class B Common Shares owned by Custodian for IRA,
                          3,760 Class B Common Shares owned by Trustee for
                          Stock Bonus Plan and 5,382 Common Shares owned by
                          Trustee for Stock Bonus Plan;

             (iii)        sole power to dispose or to direct the disposition of
                          -- 653,662 Class B Common Shares which carry 10 votes
                          per share and are convertible at any time into Common
                          Shares, 260,180 Common Shares which may be acquired
                          upon the exercise of options, and 62,452 Common
                          Shares; and

              (iv)        shared power to dispose or to direct the disposition
                          of -- 16,000 Class B Common Shares owned by Custodian
                          for IRA, 3,760 Class B Common Shares owned by Trustee
                          for Stock Bonus Plan and 5,382 Common Shares owned by
                          Trustee for Stock Bonus Plan.

                 McDonald & Company Securities, Inc. holds 16,000 of the Class B
                 Common Shares indicated as custodian for an Individual
                 Retirement Account for Joseph B. Richey.  Such shares are held
                 in the name of "McDonald & Company Securities, Inc. custodian
                 FBO Joseph B. Richey IRA Rollover."

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:
- -------------------------------------------------------------------




                               Page 4 of 6 Pages
<PAGE>   5
         Not Applicable

Item 9.  Notice of Dissolution of Group:
- ----------------------------------------
         Not Applicable

Item 10.  Certification:
- ------------------------
         Not Applicable












                               Page 5 of 6 Pages


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