OMB APPROVAL
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OMB Number 3235-0287
Expires: December 31, 2001
Estimated average burden
hours per response ......................................................... 0.5
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FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
|_| CHECK THIS BOX IF NO LONGER
SUBJECT TO SECTION 16. FORM 4
OR FORM 5 OBLIGATIONS MAY
CONTINUE. SEE INSTRUCTION 1(b).
Filed pursuant to Section 16(a) of the Securities Exchange Act
of 1934, Section 17(a) of the Public Utility Holding
Company Act of 1935 or Section 30(f) of the Investment
Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Klas, Sr. Robert
892 West Marie Avenue
West St. Paul MN 55118
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2. Issuer Name and Ticker or Trading Symbol
WTC Industries, Inc. (WTCO)
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3. IRS or Social Security
Number of Reporting
Person (Voluntary)
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4. Statement for Month/Year
February, 1999
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5. If Amendment, Date of
Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
_X_ Director ___ 10% Owner
_X_ Officer (give title below) ___ Other (specify below)
___CEO___
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7. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
TABLE 1-- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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<S> <C> <C> <C> <C> <C> <C>
1. Title of Security 2. Trans- 3. Trans- 4.Securities Acquired (A) or 5.Amount of 6. Ownership 7. Nature of
(Instr. 3) action action Disposed of (D) Securities Form: Indirect
Date Code (Instr. 3, 4 and 5) Beneficially Direct (D) Beneficial
(Month/ (Instr. 8) Owned at End or Indirect Ownership
Day/ of Month (I) (Instr. 4)
Year) (Instr. 3 and 4) (Instr. 4)
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(A) or
Code V Amount (D) Price
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Common Stock 2/29/00 P 100,000 A $2.50 776,012 D
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Common Stock 2/29/00 P 180,000 A $2.50 956,012 D
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Common Stock 22,500 I (1)
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46,667 I (2)
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</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. *If the form is filed by more than one reporting
person, SEE Instruction 4(b)(v).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
(Over)
SEC 1474
(3-99)
<PAGE>
FORM 4 (CONTINUED)
TABLE II-- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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<TABLE>
<S> <C> <C> <C> <C> <C> <C>
1. Title of Derivative Security 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date 7. Title and Amount of
(Instr. 3) sion or action action Derivative Exercisable Underlying
Exercise Date Code Securities and Securities
Price of (Month/ (Instr. 8) Acquired (A) Expiration (Instr. 3 and 4)
Derivative Day/ or Disposed of Date
Security Year) (D) (Instr. 3, 4, (Month/Day/
and 5) Year)
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Date Expi- Amount
Exerci- ration Title or
sable Date Number
of Shares
Code V (A) (D)
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Warrant $3.125 3/1/00 J(3) 80,000 3/1/00 3/1/2004 Common 80,000
Stock
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Warrant $20.00 3/1/00 D(4) 240,000 3/22/96 3/22/01 Common 240,000
Stock
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Warrant $20.00 3/1/00 A 240,000 3/22/96 5/22/06 Common 240,000
Stock
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Convertible Promissory Note $3.00 3/1/00 A 250,000 immed. 3/1/01 Common 250,000
Due 3/1/01 Stock
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Warrant $1.00 7/1/99 A 176,998 7/1/99 6/30/03 Common 176,998
Stock
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[WIDE TABLE CONTINUED FROM ABOVE]
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8. Price of 9. Number 10. Owner- 11. Nature
Deriv- of Deriva- ship of
ative tive Form of Indirect
Security Securities Deriva- Bene-
(Instr. 5) Benefi- tive ficial
cially Security: Owner-
Owned at Direct ship
End of (D) or (Instr.
Month Indirect 4)
(Instr. 4) (I)
(Instr. 4)
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80,000 D
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0 D
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240,000 D
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250,000 D
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176,998 D
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</TABLE>
EXPLANATION OF RESPONSES:
(1) Held by the Tapemark Company Cash or Defined Profit Sharing Plan, an
affiliate of Mr. Klas.
(2) Held by the Tapemark Company, an affiliate of Mr. Klas.
(3) Grant of Warrant to Mr. Klas is in consideration for his personally
guarantying, on behalf of the Company, a new Credit Agreement and revolving
credit facility with the Company's lender.
(4) Cancellation of warrant in connection with grant of replacement of option
which extends by five years the expiration date.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
/s/ Robert C. Klas, Sr. 4/14/00
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Date
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SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, SEE Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not Page 2 required to respond unless the form displays a
currently valid OMB Number.
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