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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. 4*
CORVEL CORPORATION
(Name of Issuer)
Common Stock
(Title of Class of Securities)
34956C106
(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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SCHEDULE 13G
CUSIP NO. 34956C106
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
North Star Universal, Inc.
EIN #41-0498850
2. CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP
(a)____
(b)____
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Incorporated in Minnesota
5. -0- SOLE VOTING POWER
NUMBER OF
SHARES
BENEFICIALLY 6. -0- SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7. -0- SOLE VOTING POWER
PERSON
WITH
8. -0- SHARED DISPOSITIVE POWER
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0- (1)
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[____]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0%
12. TYPE OF REPORTING PERSON
CO
(1) As the parent company of ENStar Inc., North Star Universal, Inc. was the
beneficial owner of 1,025,000 shares of CorVel Corporation common stock held
by ENStar Inc. On February 28, 1997, ENStar Inc. was spun-off from North Star
Universal, Inc. and is no longer a wholly owned subsidiary of North Star
Universal, Inc. As a result, North Star Universal, Inc. is no longer beneficial
Owner of any CorVel Corporation shares.
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SCHEDULE 13G
CUSIP NO. 34956C106
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 Persons Filing
North Star Universal, Inc.
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
Incorporated in Minnesota
Item 2 (d) Title of Class of Securities
Common Stock, $.0001 par value
Item 2 (e) CUSIP Number
34956C106
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
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(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 ss 240.13d-1(b)
(ii)(G)
(h) [ ] Group, in accordance with ss 240.13d-1(b)(ii)(H)
Item 4 Ownership
(a) Amount Beneficially Owned: -0-
(b) Percent of Class: 0%
(c) Number of Shares as to Which Such Person Has:
(i) sole power to vote or to direct the vote: -0-
(ii) shared power to vote or to direct the vote: -0-
(iii) sold power to dispose or to direct the disposition of:
-0-
(iv) shared power to dispose or to direct the disposition of: -0-
Item 5 Ownership of Five Percent or Less of a Class
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
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Item 9 Notice of Dissolution of Group
Not applicable
Item 10 Certification
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 28, 1997
by/s/Peter E. Flynn
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by Peter E. Flynn, Secretary
Executive Vice President
Chief Financial Officer
