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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
CorVel Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
221006109
(CUSIP Number)
*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 following page(s))
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CUSIP NO. 221006109 13G
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CorVel Corporation
(IRS ID #330282651)
2. CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP(
Not applicable (a)===
(b)===
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
5. 1,025,000 SOLE VOTING POWER(
6. -0- SHARED VOTING POWER
7. 1,025,000 SOLE VOTING POWER(
8. -0- SHARED DISPOSITIVE POWER
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,025,000 (1)
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
21.9%
12. TYPE OF REPORTING PERSON(
CO
(1) Held by ENStar Inc., a whooly owned subsidiary of North Star Universal, Inc.
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SCHEDULE 13G
Item 1(a). Name of Issuer.
CorVel Corporation
Item 1(b). Address of Issuer's Principal Executive Offices.
1920 Main Street
Suite 1090
Irvine, California 92714
Item 2(a). Name of Person Filing.
North Star Universal, Inc. for its ownership in the Issuer's shares.
Item 2(b). Address of Principal Business Office.
North Star Universal, Inc.
6479 City West Parkway
Eden Prairie, MN 55344-3246
Item 2(c). Citizenship.
Oganized in USA
Item 2(d). Title of Class of Securities.
Common Stock, $.0001 par value per share
Item 2(e). CUSIP Number.
221006109
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13(d)-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 Advisers Act of 1940
(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
(g) [ ] Parent Holding Company, in accordance with (240.13d-1(b)(ii)(G)
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(a) Amount beneficially Owned: 1,025,000
(b) Percent of Class: 21.9%
(c) Number of Shares as to Which Such Person has:
(i) sole power to vote or to direct the vote: 1,025,000
(ii) shared power to vote or to direct the vote: -0-
(iii) sole power to dispose or to direct the disposition of
1,025,000
(iv) shared power to dispose or to direct the disposition of
-0-
North Star Universal, Inc. ("North Star") filed a Schedule 13G with
respect to its beneficial ownership of 1,575,000 shares (as of December
31, 1991) of Fortis Corporation on or about February 14, 1992. Fortis
Corporation subsequently changed its name to CorVel Corporation ("CorVel").
On February 9, 1996, North Star filed Amendment 1 to its Schedule 13G
to reflect a decrease in the number of CorVel shares it owns from 1,575,000
to 1,225,000.
On December 3, 1996, North Star filed Amendment 2 to its Schedule 13G
to reflect the transfer of the CorVel shares from North Star to ENStar Inc.
("ENStar"), a wholly owned subsidiary of North Star. After the transfer,
North Star continued to have full beneficial ownership of the CorVel
shares.
This Amendment 3 to North Star's Schedule 13G is filed to reflect the
sale to CorVel of 200,000 shares of CorVel stock by North Star through
ENStar, its wholly owned subsidiary on January 24, 1996. After the sale,
North Star continues to own 21.9% of CorVel's outstanding common stock.
ITEM 5. Ownership of Five Percent of 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.
These shares being reported by North Star Universal, Inc. are owned
by ENStar Inc., a wholly subsidiary of North Star Universal, Inc.
ITEM 8. Identification and Classification of Members of the Group.
ITEM 9. Notice of Dissolution of Group
Not applicable
ITEm 10. Certification
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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.
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: February 11, 1997
by/s/Peter E. Flynn
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Peter E. Flynn
Executive Vice President
and Chief Financial Officer
