UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
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 116,705 at December 31, 1996
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 116,705 at December 31, 1996
8 SHARED DISPOSITIVE POWER
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
116,705 at December 31, 1996
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.1% at December 31, 1996
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, 1996, Mr. Kipp beneficially owned 116,705
shares of the Issuer's common stock, $.01 par value ("Common
Stock"), representing 7.1% of the outstanding Common Stock,
calculated in accordance with Rule 13d-3(d)(1). Specifically, Mr.
Kipp beneficially owned 92,705 shares of Common Stock and 24,000
shares of Common Stock underlying options that were exercisable on
that date. Mr. Kipp had sole power to vote and dispose of all
116,705 shares, of which 30,000 shares were owned by Mr. Kipp's
spouse and 46,705 of the 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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