FASTENAL COMPANY
SC 13G/A, 1998-02-05
BUILDING MATERIALS, HARDWARE, GARDEN SUPPLY
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<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549


                                  SCHEDULE 13G
                                        
                   Under the Securities Exchange Act of 1934

                               (Amendment No. 10)*



                                Fastenal Company
 ------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
 ------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                  311900 10 4
 ------------------------------------------------------------------------------
                                 (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 the
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).

                                  Page 1 of 6
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CUSIP NO. 311900 10 4                  13G                    PAGE 2 OF 6 PAGES
- ---------------------                                         -----------------

 ------------------------------------------------------------------------------
       1  NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
          Robert A. Kierlin
 ------------------------------------------------------------------------------
       2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
                                                                        (a) / /
          Not Applicable
                                                                        (b) / /
 ------------------------------------------------------------------------------ 
       3  SEC USE ONLY

 ------------------------------------------------------------------------------ 
       4  CITIZENSHIP OR PLACE OF ORGANIZATION
 
          United States
 ------------------------------------------------------------------------------
 
            NUMBER OF                         5  SOLE VOTING POWER
 
              SHARES                             4,377,736
                
           BENEFICIALLY                       6  SHARED VOTING POWER
           
             OWNED BY                            3,000
 
               EACH                           7  SOLE DISPOSITIVE POWER
            
            REPORTING                            4,377,736
 
              PERSON                          8  SHARED DISPOSITIVE POWER
 
               WITH                              3,000

 ------------------------------------------------------------------------------
       9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
          4,380,736
 ------------------------------------------------------------------------------ 
      10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
          SHARES (SEE INSTRUCTIONS)
 
          Not Applicable
 ------------------------------------------------------------------------------
      11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
          11.5%
 ------------------------------------------------------------------------------
      12  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
          IN
 ------------------------------------------------------------------------------

                                  Page 2 of 6
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Item 1.

     (a)  Name of Issuer

          Fastenal Company

     (b)  Address of Issuer's Principal Executive Offices

          2001 Theurer Boulevard
          Winona, Minnesota 55987

Item 2.

     (a)  Name of Person Filing

          This filing is made by Robert A. Kierlin

     (b)  Address of Principal Business Office or, if None, Residence

          Robert A. Kierlin
          Fastenal Company
          2001 Theurer Boulevard
          Winona, Minnesota 55987

     (c)  Citizenship

          Robert A. Kierlin is a citizen of the United States

     (d)  Title of Class of Securities

          Common Stock, $.01 par value
 
     (e)  CUSIP Number

          311900 10 4

Item 3.  If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b), check
whether the person filing is a:
 
     (a) / /  Broker or Dealer registered under section 15 of the Act
 
     (b) / /  Bank as defined in section 3(a)(6) of the Act
 
     (c) / /  Insurance Company as defined in section 3(a)(19) of the Act
 
     (d) / /  Investment Company registered under section 8 of the Investment 
              Company Act
 
     (e) / /  Investment Adviser registered under section 203 of the 
              Investment Advisers Act of 1940

     (f) / /  Employee Benefit Plan, Pension Fund which is subject to the
              provisions of the Employee Retirement Income Security Act of 1974
              or Endowment Fund; see (S) 240.13d-1(b)(1)(ii)(F)

     (g) / /  Parent Holding Company, in accordance with (S) 240.13d-1(b)(ii)(G)
              (Note:  See Item 7)

     (h) / /  Group, in accordance with (S) 240.13d-1(b)(1)(ii)(H)

              Not Applicable

                                  Page 3 of 6
<PAGE>
 
Item 4.  Ownership

     (a)  Amount Beneficially Owned

          4,380,736
 
     (b)  Percent of Class

          11.5%

     (c)  Number of shares as to which such person has:

          (i) sole power to vote or to direct the vote

              4,377,736

         (ii) shared power to vote or to direct the vote

              3,000

        (iii) sole power to dispose or to direct the disposition of

              4,377,736

         (iv) shared power to dispose or to direct the disposition of

              3,000

     See Item 6 for further information regarding the nature of the reporting
person's beneficial ownership of certain of the above-referenced shares.

Item 5.  Ownership of Five Percent or Less of a Class

     If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following / /.

     Not Applicable

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

     The shares listed in Item 4 include (i) 1,000 shares held by a wholly-owned
subsidiary (the "Subsidiary") of Hiawatha Education Foundation, a Minnesota non-
profit corporation (the "Foundation"), and (ii) 2,000 shares held by Cotter High
School, a Minnesota secondary school (the "School").  The reporting person
disclaims beneficial ownership of such shares.

     The reporting person is a director and member of the Foundation and a
director of the Subsidiary.  The Subsidiary has the right to receive and the
power to direct the receipt of dividends from, and the proceeds of the sale of,
the shares held by it.  The Foundation's directors and members, and the
Subsidiary's directors, including the reporting person, have the direct or
indirect power to authorize actions on behalf of the Subsidiary, but have no
right as such to share in any dividends from, or any proceeds of the sale of,
the shares held by the Subsidiary.

     The reporting person is a director and member of the investment committee
of the School.  The School has the right to receive and the power to direct the
receipt of dividends from, and the proceeds of the sale of, the shares held by
it.  The School's directors and members of the investment committee, including
the reporting person, have the power to authorize actions on behalf of the
School, but have no right as such to share in any dividends from, or any
proceeds of the sale of, the shares held by the School.

                                  Page 4 of 6
<PAGE>
 
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

                                  Page 5 of 6
<PAGE>
 
                                   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 2, 1998
                                       --------------------------------------
                                                         Date

                                                  /s/ Robert A. Kierlin
                                       --------------------------------------
                                                        Signature
 
                                                   Robert A. Kierlin
                                       --------------------------------------
                                                          Name


                                  Page 6 of 6


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