UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
Quipp, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
748802 10 5
(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 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).
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CUSIP No. 748802 10 5 13G Page 2 of 4 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Louis D. Kipp
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) { }
(b) { }
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
5 SOLE VOTING POWER
NUMBER OF 139,705 at December 31, 1997
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 139,705 at December 31, 1997
8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
139,705 at December 31, 1997
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.5% at December 31, 1997
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
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Item 1(a). Name of Issuer:
Quipp, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
4800 N.W. 157th Street, Miami, Florida 33014
Item 2(a). Name of Person Filing:
Louis D. Kipp
Item 2(b). Address of Principal Business Office, or if none, Residence:
4800 N.W. 157th Street, Miami, Florida 33014
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
748802 10 5
Item 3. If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b), check whether the person filing is a:
Not applicable.
Item 4. Ownership:
As of December 31, 1997, Mr. Kipp beneficially owned 139,705
shares of the Issuer's common stock, $.01 par value ("Common
Stock"), representing 8.5% of the outstanding Common Stock,
calculated in accordance with Rule 13d-3(d)(1). Specifically,
Mr. Kipp beneficially owned 93,705 shares of Common Stock and
46,000 shares of Common Stock underlying options that were
exercisable on that date. Mr. Kipp had sole power to vote and
dispose of all 139,705 shares, of which 30,000 shares were owned
by Mr. Kipp's spouse and 47,705 shares were owned jointly by Mr.
Kipp and his spouse.
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Item 5. Ownership of Five Percent or 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.
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.
Not applicable.
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 12, 1998
(Date)
/s/Louis D. Kipp
Louis D. Kipp
(Name)
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