UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
RECOVERY ENGINEERING, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(Title of Class of Securities)
756269 10 6
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(CUSIP Number)
*The remainder of this cover page should 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).
(Continued on following page(s))
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SCHEDULE 13G
CUSIP No. 756269 10 6
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(1) Names of Reporting Persons
and S.S. or I.R.S. Identification No. of Above Persons:
Brian F. Sullivan S.S.N.: ***-**-****
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(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
United States of America
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Number of (5) Sole Voting Power 530,000 shares
Shares --------------------------------------------------------------
Beneficially (6) Shared Voting Power -0- shares
Owned by --------------------------------------------------------------
Each (7) Sole Dispositive Power 530,000 shares
Reporting --------------------------------------------------------------
Person With: (8) Shared Dispositive Power -0- shares
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
530,000 shares
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]
(See instructions)
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(11) Percent of Class Represented by Amount in Row (9)
11.4%
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(12) Type of Reporting Person
IN
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ITEM 1(a). NAME OF ISSUER
Recovery Engineering, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
9300 North 75th Avenue
Minneapolis, MN 55428
ITEM 2(a). NAME OF PERSON FILING
Brian F. Sullivan
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
9300 North 75th Avenue
Minneapolis, MN 55428
ITEM 2(c). CITIZENSHIP
United States of America
ITEM 2(d). TITLE OF CLASS OF SECURITIES
Common Stock, $.01 par value
ITEM 2(d). CUSIP NO.
756269 10 6
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 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 Rule 13d-1(b)(1)(ii)(F);
[ ] (g) Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G)
(Note: See Item 7); or
[ ] (h) Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Not applicable.
ITEM 4. OWNERSHIP
The following information is provided as of December 31, 1997:
(a) Amount Beneficially Owned: 530,000 shares
(b) Percent of Class: 11.4%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: * 530,000 shares
(ii) Shared power to vote or to direct the vote -0- shares
(iii) Sole power to dispose or to direct the
disposition of: * 530,000 shares
(iv) Shared power to dispose or to direct the
disposition of: -0- shares
* Includes 121,500 shares that could be acquired within 60 days upon the
exercise of stock options. Does not include an additional 250,000 shares
subject to stock options that are not yet exercisable.
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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 [ ].
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.
Dated: February 13, 1998
/s/ BRIAN F. SULLIVAN
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Brian F. Sullivan
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