MET COIL SYSTEMS CORP
SC 13G/A, 1995-02-14
METALWORKG MACHINERY & EQUIPMENT
Previous: ST JOE PAPER CO, SC 13G, 1995-02-14
Next: OLD KENT FINANCIAL CORP /MI/, SC 13G, 1995-02-14



<PAGE>   1


                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549



                                  SCHEDULE 13G


             Information statement pursuant to Rule 13d-1 and 13d-2

                              (Amendment No. 7)(1)


                          MET-COIL SYSTEMS CORPORATION
- - --------------------------------------------------------------------------------
                                (Name of Issuer)


                                  COMMON STOCK
- - --------------------------------------------------------------------------------
                         (Title of class of securities)


                                  590850-10-3
- - --------------------------------------------------------------------------------
                                 (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.)


                        (CONTINUED ON FOLLOWING PAGE(S))


                              (Page 1 of 4 Pages)



- - ------------
(1) 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 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>   2



                                                                    SCHEDULE 13G

                                      13G
  CUSIP NO.    590850-10-3                              Page 2 of 4 Pages



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

                 Raymond H. Blakeman  SS# ###-##-####
   2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*        (a) [ ]
                                                               (b) [ ]


   3       SEC USE ONLY



   4       CITIZENSHIP OR PLACE OF ORGANIZATION

              United States


   NUMBER OF       5        SOLE VOTING POWER
   SHARES                       134,417
   BENEFICIALLY
   OWNED BY        6             4,800
   EACH                     SHARED VOTING POWER
   REPORTING
   PERSON WITH     7           134,417
                            SOLE DISPOSITIVE POWER

                   8             4,800 
                            SHARED DISPOSITIVE POWER

   9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                 139,217


   10      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
           [ ]
                 Not Applicable

   11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
                4.9%


   12      TYPE OF REPORTING PERSON*
               IN


                     * SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   3

  CUSIP 590850-10-3                13G                 Page 3 of 4 Pages

ITEM 1 (A).  NAME OF ISSUER:
                Met-Coil Systems Corporation

ITEM 1 (B).  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
                5486 Sixth Street SW
                Cedar Rapids, IA  52404


ITEM 2 (A).  NAME OF PERSON FILING:
                Raymond H. Blakeman

ITEM 2 (B).  ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE, RESIDENCE:
                5486 Sixth Street SW
                Cedar Rapids, IA  52404


ITEM 2 (C).  CITIZENSHIP
                United States of America


ITEM 2 (D).  TITLE OF CLASS OF SECURITIES:
                Common Stock


ITEM 2 (E).  CUSIP NUMBER:
                590850-10-3


ITEM 3.  Not Applicable


ITEM 4.  Ownership (1):

         (a) Amount Beneficially Owned:  ............................. 139,217

         (b) Percent of Class:   .....................................     4.9%

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

             (i) Sole power to vote or to
                 direct the vote   ................................... 134,417

- - ------------
(1) Of the 137,417 shares beneficially owned by the Reporting Person:  (1)
    3,000 are held by his spouse, 1,800 by child, (2) 3,730 are allocated to 
    his ESOP account, and (3) 3,090 are allocated to his 401(K) account.

<PAGE>   4
  CUSIP 590850-10-3                   13G                      Page 4 of 4 Pages


                        (ii)   Shared power to vote or to
                               direct the vote   ................      4,800

                        (iii)  Sole power to dispose or to
                               direct the disposition of  .......    134,417

                        (iv)   Shared power to dispose or to
                               direct the disposition of  .......      4,800

ITEM 5.  IF THIS STATEMENT IS BEING FILED TO REPORT THE FACT THAT AS OF THE
         DATE HEREOF THE REPORTING PERSON HAS CEASED TO BE THE BENEFICIAL 
         OWNER OF MORE THAN FIVE PERCENT OF THE CLASS OF SECURITIES, 
         CHECK THE FOLLOWING /X/.


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:
            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.


                                  February  15, 1995



                                  Raymond H. Blakeman\s\
                                  ----------------------
                                  Raymond H. Blakeman


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission