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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2 )*
BRUNSWICK TECHNOLOGIES, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
117394 10 6
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(CUSIP Number)
DECEMBER 31, 1999
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
| | Rule 13d-1(b)
|X| Rule 13d-1(c) (Amendment filed pursuant to Rule 13d-2(b))
| | Rule 13d-1(d)
*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
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
Norway
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5 SOLE VOTING POWER
NUMBER OF
SHARES 286,190
BENEFICIALLY ------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON ------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
286,190
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
286,190
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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)
5.5%
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12 TYPE OF REPORTING PERSON
IN
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Page 2 or 7
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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) or (c), check
whether the person filing is a:
(a)[ ] Broker or dealer registered under Section 15 of the Exchange
Act
(b)[ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c)[ ] Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d)[ ] Investment company registered under Section 8 of the
Investment Company Act.
(e)[ ] Investment adviser in accordance with Rule 13d-1(b)(1)
(ii)(E).
(f)[ ] Employee benefit plan, or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F).
(g)[ ] Parent holding company or control person, in accordance
with Rule 13d-1(b)(1)(ii)(G).
(h)[ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act.
(i)[ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act.
Page 3 of 7
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(j)[ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c),
check this box [X].
This statement is an amendment filed pursuant to
Rule 13d-2(b).
Item 4. OWNERSHIP
Provide the following information regarding the aggregate
number and percentage of the class of the securities of the
issuer identified in Item 1.
(a) Amount Beneficially Owned:
286,190*
(b) Percent of Class:
5.5%
(c) Number of shares as to which such persons has:
(i) sole power to vote or to direct the vote:
286,190*
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the disposition
of:
286,190*
(iv) shared power to dispose or to direct the
disposition of:
-0-
*NOTE: Includes 138,990 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 [ ].
Page 4 of 7 pages
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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 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 group has filed this schedule, pursuant to Rule
13d-1(b)(1)(ii)(J), 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(d), 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 the members of the
group, in their individual capacity. (See Item 5.)
Inapplicable
Page 5 of 7 pages
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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 not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
such purposes or effect.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
Page 6 of 7 pages
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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: 28 January 2000
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Signature: /s/ Martin S. Grimnes
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Name/Title: Martin S. Grimnes, President
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Page 7 of 7 pages
