GEHL CO
SC 13G/A, 1998-01-16
FARM MACHINERY & EQUIPMENT
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                   Under the Securities Exchange Act of 1934
                               (Amendment No. 8)*


                                  Gehl Company
                                (Name of Issuer)


                          Common Stock, $.10 par value
                         (Title of Class of Securities)


                                  368483 10 3
                                 (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 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))
<PAGE>

 CUSIP No. 368483 10 3          

  1  NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

     John W. Gehl
     ###-##-#### 


  2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         
                                                                        (a)_
                                                                        (b)_
     Not Applicable

  3  SEC USE ONLY


  4  CITIZENSHIP OR PLACE OF ORGANIZATION

     United States

   NUMBER OF   5   SOLE VOTING POWER
    SHARES         313,470

 BENEFICIALLY  6   SHARED VOTING POWER
 OWNED BY          -0-

     EACH      7   SOLE DISPOSITIVE POWER
   REPORTING       250,716

    PERSON     8   SHARED DISPOSITIVE POWER
     WITH          -0-

  9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 

     313,470

 10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
     CERTAIN SHARES*    [X]

 11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
     5.03%

 12  TYPE OF REPORTING PERSON*

     IN

*SEE INSTRUCTIONS BEFORE FILLING OUT


CUSIP NO.   368483 10 3   

Item 1(A).          Name of Issuer:

                    Gehl Company

Item 1(b).          Address of Issuer's Principal Executive Offices:

                    143 Water Street
                    West Bend, Wisconsin 53095

Item 2(a).          Name of Person Filing:

                    John W. Gehl

Item 2(b).          Address  of   Principal  Business  Office   or,  if  none,
                    Residence:

                    143 Water Street
                    West Bend, Wisconsin 53095

Item 2(c).          Citizenship:

                    United States

Item 2(d).          Title of Class of Securities:

                    Common Stock, $.10 par value

Item 2(e).          CUSIP Number:

                    368483 10 3

Item 3.             If this statement is  filed pursuant to Rules 13d-1(b), or
                    13d-2(b), check whether the person filing is a:

                    Not Applicable

Item 4.             Ownership.

                    (a)       Amount  Beneficially  Owned:   313,470   shares;
                              does  not  include  2,000  shares  owned by  Mr.
                              Gehl's  wife, of  which beneficial  ownership is
                              disclaimed pursuant  to Rule 13d-4.   The shares
                              disclosed as beneficially  owned include  16,166
                              shares which Mr. Gehl currently has the right to
                              acquire  pursuant  to  the exercise  of  options
                              under  the Gehl Company  1987 Stock  Option Plan
                              and the Gehl Company 1995 Stock Option Plan.

                    (b)  Percent of Class:  5.03%


<PAGE>                       

CUSIP NO.   368483 10 3   

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

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

                              313,470 shares

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

                              -0-

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

                              250,716 shares

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

                              -0-

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

                    Not Applicable

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

                    Of the 313,470 shares disclosed as beneficially owned by
                    Mr. Gehl, 62,754 shares are held by the Mark M. Gehl
                    Family Trust (the  "Trust"). Mr. Gehl has sole voting
                    power but no dispositive  power with respect to the shares
                    held by the Trust.   The Trust has the right to receive
                    dividends from, and the proceeds from the sale of, the
                    shares held thereunder.

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>                     

                                   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.



January 15, 1998
Date

John W. Gehl
John W. Gehl

<PAGE>



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