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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
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Winthrop Resources Corporation
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
976396 10 1
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A
fee is not required only if the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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 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).
(Continued on following page(s))
Page 1 of 5 Pages
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CUSIP No. 976396 10 1 13G Page 2 of 5 Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Jack A. Norqual ###-##-####
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) / /
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
United States
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Number of Shares (5) Sole Voting
Beneficially Power 1,315,000
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting
Person With Power None
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(7) Sole Dispositive
Power 1,315,000
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(8) Shared Dispositive
Power None
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
1,437,000
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
No
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(11) Percent of Class Represented by Amount in Row (9)
16.6%
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(12) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Schedule 13G
Page 3 of 5
ITEM 1.
(A) NAME OF ISSUER:
Winthrop Resources Corporation
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(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1015 Opus Center
9900 Bren Road East
Minnetonka, MN 55343
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ITEM 2.
(A) NAME OF PERSON FILING:
Jack A. Norqual
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(B) ADDRESS OF PRINCIPAL OFFICE:
1015 Opus Center
9900 Bren Road East
Minnetonka, MN 55343
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(C) CITIZENSHIP:
United States
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(D) TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 par value
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(E) CUSIP NUMBER:
976396 10 1
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
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ITEM 4.
(A) AMOUNT BENEFICIALLY OWNED:
1,437,000 shares (1)
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Schedule 13G
Page 4 of 5
(B) PERCENT OF CLASS:
16.6 percent (1)
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(C) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS VOTING AND DISPOSITIVE
POWER
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE.
1,315,000 shares
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(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE.
None
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(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION.
1,315,000 shares
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(iv) SHARED POWER TO VOTE OR TO DIRECT THE DISPOSITION.
None
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(1) Includes 50,000 shares owned by Mr. Norqual's spouse, 29,000
shares owned by Mr. Norqual's son and 3,000 shares owned by a
not-for-profit organization of which Mr. Norqual is a board
member, as to all of which Mr. Norqual disclaims beneficial
ownership. Includes 40,000 shares that Mr. Norqual has the right
to acquire pursuant to outstanding options.
ITEM 5. OWNERSHIP OF 5% OR LESS OF A CLASS:
Not applicable.
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ITEM 6. OWNERSHIP OF MORE THAN 5% ON BEHALF OF ANOTHER PERSON.
Not applicable.
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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRE THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not applicable.
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Schedule 13G
Page 5 of 5
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable.
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
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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 or as a participant in any
transaction having such purposes or effect.
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: July 30, 1996. /s/ Jack A. Norqual
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Jack A. Norqual
Senior Vice President of
Winthrop Resources Corporation
