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OMB APPROVAL
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION ---------------------------
WASHINGTON, D.C. 20549 OMB Number: 3235-0145
Expires: December 31, 1997
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SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 11)
Buffets, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
119882108
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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 4
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CUSIP No. 119882108 13G Page 2 of 4 Pages
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(1) NAMES OF REPORTING PERSONS.
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Roe H. Hatlen
###-##-####
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP* (b) / /
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES (5) SOLE VOTING POWER
BENEFICIALLY 1,394,596
OWNED BY --------------------------------------------------
EACH REPORTING (6) SHARED VOTING POWER
PERSON WITH 71,000
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(7) SOLE DISPOSITIVE POWER
1,394,596
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(8) SHARED DISPOSITIVE POWER
71,000
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,719,866**
**includes (i) 122,244 shares owned of record by spouse as trustee for
their children, as to which Mr. Hatlen disclaims beneficial ownership;
(ii) 132,026 shares owned by members of his family sharing his
household, as to which he disclaims beneficial ownership; (iii) 456,000
shares subject to stock options exercisable within 60 days of
December 31, 1996; and (iv) 71,000 shares owned by a foundation of which
he is a director.
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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)
3.8%
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(12) TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 4
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ITEM 1.
(a) Name of Issuer
Buffets, Inc.
(b) Address of Issuer's Principal Executive Offices
10260 Viking Drive, Eden Prairie, MN 55344
ITEM 2.
(a) Name of Person Filing
Roe H. Hatlen
(b) Address of Principal Business Office or, if None, Residence
10260 Viking Drive, Eden Prairie, MN 55344
(c) Citizenship
USA
(d) Title of Class of Securities
Common Stock, $.01 par value
(e) CUSIP Number
119882108
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) / / Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see Section 240.13d-1(b)(1)(ii)(F)
(g) / / Parent Holding Company, in accordance with Section
240.13d-1(b)(ii)(G) (Note: See Item 7)
(h) / / Group, in accordance with Section 240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned
1,719,866** ** includes (i) 122,244 shares owned of record by spouse
as trustee for their children, as to which Mr. Hatlen disclaims
beneficial ownership; (ii) 132,026 shares owned by members of his
family sharing his household, as to which he disclaims beneficial
ownership; (iii) 456,000 shares subject to stock options exercisable
within 60 days of December 31, 1996; and (iv) 71,000 shares owned by a
foundation of which he is a director.
(b) Percent of Class
3.8%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 1,394,596
(ii) shared power to vote or to direct the vote 71,000
(iii) sole power to dispose or to direct the disposition of 1,394,596
(iv) shared power to dispose or to direct the disposition of 71,000
Page 3 of 4
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
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
The following certificate shall be included if the statement is filed
pursuant to Rule 13d-1(b):
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 purposes or effect.
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 13, 1997
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Date
/s/ Roe H. Hatlen
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Signature
Roe H. Hatlen,
Chairman and Chief Executive Officer
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Name/Title
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