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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
BALLISTIC RECOVERY SYSTEMS, INC.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
Common Stock: 058659 10 3
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(CUSIP Number)
Check the following box if a fee is being paid with this statement ___. (A fee
is not required only if the filing 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.)
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.
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(Continued on following page(s))
Page 1 of 4 Pages
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13G(Individuals - continued) Page 2 of 4
CUSIP No. 058659 10 3
1. Name of Reporting Person and I.R.S. Identification No.:
BORIS POPOV
2. Member of a Group: (a) (b) X
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3. SEC USE ONLY:
4. Citizenship or Place of Organization: U.S.A.
5. Sole Voting Power: 657,000
6. Shared Voting Power: --
7. Sole Dispositive Power: 657,000
8. Shared Dispositive Power: --
9. Aggregate Amount Beneficially Owned by each Reporting Person: 657,000
10. Check Box if the Aggregate Amount in Row 9 excludes Certain Shares:
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11. Percent of Class Represented by Amount in Row 9: 14.5%
12. Type of Reporting Person: IN
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13G(Individuals - continued) Page 3 of 4
Item 1(a)
and (b) NAME AND ADDRESS OF ISSUER:
Ballistic Recovery Systems, Inc.
300 Airport Road
South St. Paul, MN 55075
Item 2(a) NAME OF PERSON FILING: Boris Popov
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
4099 Penfield Court South
Afton, MN 55001
Item 2(c) CITIZENSHIP: USA
Item 2(d) TITLE OF CLASS OF SECURITIES: Common Stock, $0.01 par
value
Item 2(e) CUSIP NUMBER: 058659 10 3
Item 3 THIS STATEMENT IS NOT FILED PURSUANT TO RULES 13d-1(b) OR
13d-2(b).
Item 4(a) AMOUNT BENEFICIALLY OWNED:
657,000 shares at December 31, 1997. (Includes 70,000 shares
issuable upon exercise of currently exercisable options.)
Item 4(b) PERCENT OF CLASS:
14.5% pursuant to Rule 13d-3(c).
Item 4(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS
(1) Sole power to vote or to direct the vote 657,000
(2) Shared power to vote or to direct the vote -0-
(3) Sole power to dispose or to direct the disposition
of 657,000
(4) Shared power to dispose or to direct the
disposition of -0-
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable
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13G(Individuals - continued) Page 4 of 4
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.
Date February 6, 1998. /s/ Boris Popov
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Boris Popov
