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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934*
BRUNSWICK TECHNOLOGIES, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
117394 10 6
(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).
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CUSIP No. 117394 10 6 Page 2 of 7 Pages
13G
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NUMBER OF ABOVE PERSON (Entities Only)
Martin S. Grimnes
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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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5 SOLE VOTING POWER
NUMBER OF
310,670
SHARES
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH
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7 SOLE DISPOSITIVE POWER
REPORTING
310,670
PERSON
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WITH 8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
310,670
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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)
5.9%
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12 TYPE OF REPORTING PERSON
IN
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Item 1(a). Name of Issuer
Brunswick Technologies, Inc.
Item 1(b). Address of Issuer's Principal Office
43 Bibber Parkway
Brunswick, Maine 04011
Item 2(a). Name of Person Filing
Martin S. Grimnes
Item 2(b). Address of Principal Business Office,
or if None, Residence
c/o Brunswick Technologies, Inc.
43 Bibber Parkway
Brunswick, Maine 04011
Item 2(c). Citizenship
Norway
Item 2(d). Title of Class of Securities
Common Stock
Item 2(e). CUSIP Number
117394 10 6
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.
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(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)
(h)[ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
Item 4. Ownership
If the percent of the class owned, as of December 31
of the year covered by the statement, or as of the
last day of any month described in Rule 13d-1(b)(2),
if applicable, exceeds five percent, provide the
following information as of that date and identify
those shares which there is a right to acquire.
(a) Amount Beneficially Owned: 310,670*
(b) Percent of Class: 5.9%
(c) Number of shares as to which such
persons has:
(i) sole power to vote or to
direct the vote: 310,670*
(ii) shared power to vote or
to direct the vote: -0-
(iii) sole power to dispose or
to direct the
disposition of: 310,670*
(iv) shared power to dispose or to
direct the disposition of: -0-
*NOTE: Includes 129,370 shares of stock underlying
stock options exercisable by Mr. Grimnes within 60
days of December 31 of the year covered by this
statement.
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.
If any other person is known to have the right to
receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of,
such securities, a statement to that effect
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should be included in response to this item and, if
such interest relates to more than five percent of
the class, such person should be identified. A
listing of the shareholders of an investment company
registered under the Investment Company Act of 1940
or the beneficiaries of employee benefit plan,
pension fund or endowment fund is not required.
Inapplicable
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by the
Parent Holding Company.
If a parent holding company has filed this schedule,
pursuant to Rule 13d-1(b)(ii)(G), so indicate under
Item 3(g) and attach an exhibit stating the identity
and Item 3 classification of the relevant subsidiary.
If a parent holding company has filed this schedule
pursuant to Rule 13d-1(c), attach an exhibit stating
the identification of the relevant subsidiary.
Inapplicable
Item 8. Identification and Classification of Members of
the Group.
If a parent holding company has filed this schedule,
pursuant to Rule 13d-1(b)(ii)(H), so indicate under
Item 3(h) and attach an exhibit stating the identity
and Item 3 classification of each member of the
group. If a group has filed this schedule pursuant to
Rule 13d-1(c), attach an exhibit stating the identity
of each member of the group.
Inapplicable
Item 9. Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as
an exhibit stating the date of the dissolution and
that all further filings with respect to transactions
in the security reported on will be filed, if
required, by members of the group, in their
individual capacity. (See Item 5).
Inapplicable
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Item 10. Certification.
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were acquired in the ordinary course of
business and were not acquired for the purpose of and
do not have the effect of changing or influencing the
control of the issuer of such securities and were not
acquired in connection with or as a participant in
any transaction having such purposes or effect.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
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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 12, 1998
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Signature: /s/ Martin S. Grimnes
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Name/Title: Martin S. Grimnes
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