UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
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Gateway 2000, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
367833 10 0
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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 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.
CUSIP NO. 367833 10 0
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(1) Name of reporting person(s) Norman W. Waitt, Jr.
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S.S. or I.R.S. identification nos. of above persons ###-##-####
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(2) Check the appropriate box if a member of a (a) / /
group (SEE INSTRUCTIONS) (b) / /
(3) SEC USE ONLY
(4) Citizenship or place of organization United States
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Number of shares beneficially owned by each reporting person with:
(5) Sole voting power 6,820,000*
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(6) Shared voting power N/A
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(7) Sole dispositive power 6,820,000*
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(8) Shared dispositive power N/A
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(9) Aggregate amount beneficially owned by each reporting person 6,820,000*
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(10) Check if the aggregate amount in row (9) excludes certain shares / /
(SEE INSTRUCTIONS)
(11) Percent of class represented by amount in row (9) 9%
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(12) Type of reporting person (SEE INSTRUCTIONS) IN-individual
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*All such shares are issued to the Norman W. Waitt, Jr. Revocable Trust
(f/k/a the Norman W. Waitt, Jr. S Corp Trust) u/t/d February 21, 1991
(the "Trust"). Mr. Waitt is the sole settlor and sole beneficiary of
the Trust and may revoke the Trust at any time and acquire such shares.
ITEM 1(a). NAME OF ISSUER
Gateway 2000, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
610 Gateway Drive
North Sioux City, South Dakota 57049
ITEM 2 (a). NAME OF PERSON FILING
Norman W. Waitt, Jr.
ITEM 2 (b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
Box 980, Dakota Dune, SD 57049
ITEM 2 (c). CITIZENSHIP: United States
ITEM 2 (d). TITLE OF CLASS OF SECURITIES
Common Stock, par value $.01 per share
ITEM 2. (e). CUSIP No.: 367833 10 0
ITEM 3. STATEMENTS FILED PURSUANT TO RULES 13D-1(B) OR 13D-2(B)
Not applicable
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned: 6,820,000 /1/
(b) Percent of Class: 9%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 6,820,000 /1/
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(ii) shared power to vote or to direct the vote 0
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(iii) sole power to dispose or to direct the disposition of 6,820,000 /1/
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(iv) shared power to dispose or to direct the disposition of 0
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/1/All such shares are issued to the Norman W. Waitt, Jr. Revocable Trust
(f/k/a the Norman W. Waitt, Jr. S Corp. Trust) u/t/d February 21, 1991
(the "Trust"). Mr. Waitt is the sole settlor and sole beneficiary of
the Trust and may revoke the Trust at any time and acquire such shares.
INSTRUCTION. For computations regarding securities which represent a
right to acquire an underlying security see Rule 13d-3(d)(1).
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable
ITEM 6. OWNERSHIP OR 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.
Date: February 13, 1997 Norman W. Waitt, Jr.
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(Signature)
Norman W. Waitt, Jr.
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(Name/Title)
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
