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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No.
PRIMEX TECHNOLOGIES, INC.
COMMON
CUSIP: 741597108
January 31, 1997
Check the following box if a fee is being paid with this statement _
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(1) Names of Reporting Persons S.S. or I.R.S. Wachovia Corporation
Identification Nos. of Above Persons 56-1473727
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(2) Check the Appropriate Box if a Member of a Group (a) N/A
(See Instructions)
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(b) N/A
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(3) SEC Use Only
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(4) Citizenship or Place of Organization North Carolina
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Number of Shares Beneficially Owned by Each Reporting Person
With
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(5) Sole Voting Power 26,490
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(6) Shared Voting Power 742,757
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(7) Sole Dispositive Power 25,218
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(8) Shared Dispositive Power 1,686
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(9) Aggregate Amount Beneficially Owned by Each 769,661
Reporting Person
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(10) Check if Aggregate Amount in Row 9 Excludes
Certain Shares (See Instructions)
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(11) Percent of Class Represented by Amount in Row 9 15.4%
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(12) Type of Reporting Person
(See Instructions) HC
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ITEM 1 (A) NAME OF ISSUER:
See cover page.
ITEM 1 (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
10101 Ninth Street North
St. Petersburg, FL 33716
ITEM 2 (A) NAME OF PERSON FILING:
A. See cover page.
ITEM 2 (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
A. 301 North Main Street
Winston-Salem, North Carolina 27150-3099
ITEM 2 (C) CITIZENSHIP:
A. See cover page.
ITEM 2 (D) TITLE OF CLASS OF SECURITIES:
See cover page.
ITEM 2 (E) CUSIP NUMBER:
See cover page.
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-3(B), CHECK WHETHER THE PERSON FILING IS A:
(G) (X) PARENT HOLDING COMPANY, IN ACCORDANCE WITH
240.13D-1(B)(II)(G) (NOTE: SEE ITEM 7)
ITEM 4 OWNERSHIP.
IF THE PERCENT OF THE CLASS OWNED, AS OF DECEMBER 31 OF THE
YEAR COVERED BY THE STATEMENT, OR AS OF THE LAST DAY OF ANY
MONTH DESCRIBED IN RULE 13D-1 (B)(2), IF APPLICABLE, EXCEEDS
FIVE PERCENT, PROVIDE THE FOLLOWING INFORMATION AS OF THAT
DATE AND IDENTIFY THOSE SHARES WHICH THERE IS A RIGHT TO
ACQUIRE.
WACHOVIA CORPORATION
(A) AMOUNT BENEFICIALLY OWNED: See cover page
(B) PERCENT OF CLASS: See cover page
(C) NUMBER OF SHARES AS TO WHICH
SUCH PERSON HAS:
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(I) SOLE POWER TO VOTE OR TO See coverpage
DIRECT THE VOTE
(II) SHARED POWER TO VOTE OR TO See cover page
DIRECT THE VOTE
(III) SOLE POWER TO DISPOSE OR TO See cover page
DIRECT THE DISPOSITION OF
(IV) SHARED POWER TO DISPOSE OR TO See cover page
OF DIRECT THE DISPOSITION
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
N/A
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
N/A
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
The securities to which this report relates are held by
Wachovia Bank of North Carolina, NA, Wachovia Bank of Georgia,
NA and Wachovia Bank of South Carolina, NA as trustees. (See
Exhibit A.)
This filing should not be construed as an admission that the
trustees or their parent, Wachovia Corporation, are, for the
purposes of Section 13(d) or 13(g) of the Act, beneficial
owners of any securities covered by this statement.
ITEM 10 CERTIFICATION:
BY SIGNING BELOW, I CERTIFY THAT, TO THE BEST OF MY KNOWLEDGE
AND BELIEF, THE SECURITIES REFERRED TO ABOVE 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.
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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.
DATE: February 10, 1997
FOR: Wachovia Corporation
BY: /s/ Ricky B. Nicks
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Attorney-in-Fact
Ricky B. Nicks, Executive Vice President
Wachovia Operational Services Corporation
(Authorized by Wachovia Corporation under a limited power of
attorney. Copy attached.)
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EXHIBIT A
The following entities agree that this Schedule 13G is filed on their behalf by
the Wachovia Corporation.
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IRS IDENTIFICATION
SUBSIDIARY NUMBER ITEM 3 CLASSIFICATION
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Wachovia Bank of Georgia, N.A. 58-0242985 Bank as defined by section 3(a)(6) of the Act
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Wachovia Bank of North Carolina, N.A. 56-0927594 Bank as defined by section 3(a)(6) of the Act
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Wachovia Bank of South Carolina, N.A. 57-0539952 Bank as defined by section 3(a)(6) of the Act
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LIMITED POWER OF ATTORNEY
The undersigned, on behalf of Wachovia Corporation, hereby constitutes
and appoints Ricky B. Nicks, Executive Vice President, Wachovia Operational
Services Corporation, as attorney in fact to execute and cause to be filed from
time to time with the United States Securities and Exchange Commission (the
"Commission") in the name, place and stead of Wachovia Corporation, reports
pursuant to Sections 13(d) and (g) of the Securities Exchange Act of 1934, as
amended, and to the rules and regulations thereunder, as to beneficial ownership
of securities. This power shall remain in force until revoked and may be relied
upon by the Commission as being in force until it is notified in writing of such
revocation.
IN WITNESS WHEREOF, the undersigned has herewith set his hand on the
12th day of February, 1996.
WACHOVIA CORPORATION
By: /s/ L. M. Baker, Jr.
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L. M. Baker, Jr.
President and
Chief Executive Officer
Attest:
/s/ Alice Washington Grogan
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Secretary
(Corporate Seal)
STATE OF NORTH CAROLINA
COUNTY OF FORSYTH
On this 12th day of February, 1996, personally appeared before me the
said named L. M. Baker, Jr., President and Chief Executive Officer of Wachovia
Corporation, to me known and known to me to be the person described in and who
executed the foregoing instrument and he acknowledged he executed the same and
being duly sworn by me, made the oath that the statements in the foregoing
instrument are true.
My commission expires: October 23, 1999.
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/s/ Vickie M.Hampton
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Notary Public
(Official Seal)
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