UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
QUIPP, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
748802 10 5
(CUSIP Number)
James E. Pruitt, 425 North Drive, P.O. Box 361907, Melbourne, FL
32935
(407) 254-1212
(Name, Address and Telephone Number of Person Authorized to
receive Notices and Communications)
December 12, 1993
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of Rule 13d-
1(b)(3) or (4), check the following box / / .
Check the following box if a fee is being paid with the statement
/X/. (A fee is not required only if the reporting 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.)
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Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
*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 disclosures provided in
a prior cover page.
The information required on 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).
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James E. Pruitt
###-##-####
_________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
_________________________________________________________________
3 SEC USE ONLY
_________________________________________________________________
4 SOURCE OF FUNDS*
PF
_________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or (e) / /
_________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
_________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF 119,400 shares
SHARES _________________________
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY - 0 - shares
EACH _____________________________________________
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 119,400 shares
WITH _____________________________________________
10 SHARED DISPOSITIVE POWER
- 0 - shares
_________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
119,400 shares
_________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
_________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.4%
_________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1. Security and Issuer.
This Statement relates to the common stock, $.01 par value
(the "Common Stock") of Quipp, Inc., a Florida corporation (the
"Issuer"). The principal executive offices of the Issuer are
located at 4800 N.W. 157th Street, Miami, Florida 33014.
Item 2. Identity and Background.
This Statement is being filed by James E. Pruitt, a United
States citizen (the "Filing Person"). The present principal
occupation of the Filing Person is Chairman and Chief Executive
Officer of Opto-Mechanik, Inc. and his principal business office
is 425 North Drive, Melbourne, Florida 32935.
During the last five years, the Filing Person has not been
convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors).
During the last five years, the Filing Person has not been a
party to a civil proceeding of a judicial or administrative body
of competent jurisdiction as a result of which he was or is
subject to a judgement, decree or final order enjoining future
violations of, prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with
respect to such laws.
Item 3. Source and Amount of Funds or Other Considerations.
After being elected President and a director of the Issuer on
April 3, 1989, the Filing Person acquired 19,400 shares of Common
Stock through open market purchases paid for from personal funds.
On December 12, 1990, the Filing Person was granted an option to
purchase 100,000 shares of Common Stock. The Filing Person has
exercised the option in full and paid the exercise price per
share for the 100,000 shares purchased from personal funds.
Item 4. Purpose of Transaction.
As set forth in Item 3, the Filing Person purchased shares
after becoming President of the Issuer, and was granted an
employee stock option to purchase 100,000 shares of Common Stock
on December 12, 1990, which option was fully exercised by the
Filing Person.
The Filing Person is holding such shares for investment. The
Filing Person has no specific plans or proposals that relate to
or would result in any of the actions specified in clauses (a)
through (j) of this Item 4.
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Item 5. Interest in Securities of the Issuer.
The Filing Person beneficially owns 119,400 shares of Common
Stock representing 7.4% of the outstanding Common Stock of the
Issuer. The Filing Person has sole power to vote and dispose of
all 119,400 shares.
Item 6. Contracts, Arrangements, Understandings of
Relationships With Respect to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
None.
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.
July 20, 1995
(Date)
/s/ James E. Pruitt
(Signature)
James E. Pruitt
(Name/Title)
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