SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION
(Name of Issuer)
COMMON STOCK, $.02 PAR VALUE
(Title of Class of Securities)
665809 10 9
(CUSIP Number)
MICHELE D. VAILLANCOURT, ESQ.
WINTHROP & WEINSTINE, P.A.
3000 DAIN BOSWORTH PLAZA
60 SOUTH SIXTH STREET
MINNEAPOLIS, MINNESOTA 55402
(612) 347-0700
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
DECEMBER 31, 1997
(Date of Event Which Requires Filing of This Statement)
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).
(Cover page continued on next page)
Page 1 of 5 Pages
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SCHEDULE 13G
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CUSIP NO. 665809 10 9 PAGE 2 OF 5 PAGES
----------- ------- -------
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1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Herman H. Lee
S.S.N. ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
Not applicable.
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Minnesota, U.S.A.
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5 SOLE VOTING POWER
NUMBER OF 254,445 shares
SHARES ---------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0 shares
OWNED BY
---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 254,445 shares
PERSON ---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
254,445 shares
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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)
6.1% (based on number of outstanding shares in issuer's Quarterly Report
on Form 10-QSB for the quarter ended November 30, 1997).
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12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1(a). NAME OF ISSUER.
Northern Technologies International Corporation
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
6680 North Highway 49
Lino Lakes, MN 55014
ITEM 2(a). NAME OF PERSON FILING.
Herman H. Lee
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE.
Route 1, Box 55
Borup, Minnesota 56519
ITEM 2(c). CITIZENSHIP.
United States of America
ITEM 2(d). TITLE OF CLASS OF SECURITIES.
Common stock, $.02 par value
ITEM 2(e). CUSIP NO.
665809 10 9
Page 3 of 5 Pages
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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 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: 254,445 shares
(b) Percent of Class: 6.1%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 254,445 shares
(ii) Shared power to vote or to direct the vote: 0 shares
(iii) Sole power to dispose or to direct the disposition
of: 254,445 shares
(iv) Shared power to dispose or to direct the disposition of: 0 shares
Page 4 of 5 Pages
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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.
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 9, 1998.
/s/ Herman H. Lee
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Herman H. Lee
Page 5 of 5 Pages