PLANET POLYMER TECHNOLOGIES INC
SC 13G/A, 1997-02-14
PLASTIC MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS
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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549
                                       

                                 SCHEDULE 13G
                                       
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934

                               (AMENDMENT NO. 1)*

                                       
                       PLANET POLYMER TECHNOLOGIES, INC.
                   -----------------------------------------
                               (Name of Issuer)
                                       
                                                                              
                                  COMMON STOCK
                   -----------------------------------------
                        (Title of Class of Securities)
                                                                              
                                  727044 10 9
                   -----------------------------------------
                                (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 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).


                            FILED FEBRUARY 13, 1997
                     (REFLECTING OWNERSHIP AS OF 12/31/96)



<PAGE>   2
CUSIP NO.    727044 10 9                  13G          PAGE   2  OF    4  PAGES
         ---------------------                              -----    -----      

   1      NAME OF REPORTING PERSONS                 
          S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS                

          BRIAN TO
          ---------------------------------------------------------------------

   2      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a)   [   ]
                                                                    (b)   [   ]

          --------------------------------------------------------------------- 

   3      SEC USE ONLY

          ---------------------------------------------------------------------

   4      CITIZENSHIP OR PLACE OF ORGANIZATION                      

          CANADA
          ---------------------------------------------------------------------

                        5      SOLE VOTING POWER                    
  NUMBER OF                    527,111
   SHARES              --------------------------------------------------------
 BENEFICIALLY           6      SHARED VOTING POWER                  
  OWNED BY                     -0-
    EACH               --------------------------------------------------------
  REPORTING             7      SOLE DISPOSITIVE POWER               
 PERSON WITH                   527,111
                       --------------------------------------------------------
                        8      SHARED DISPOSITIVE POWER             
                               -0-
                       --------------------------------------------------------

   9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON         

          527,111          
          ---------------------------------------------------------------------

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

          ---------------------------------------------------------------------

  11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9           

          9.88%
          ---------------------------------------------------------------------

  12      TYPE OF REPORTING PERSON*

          IN
          ---------------------------------------------------------------------
                    *SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>   3
ITEM 1.
       (a) Name of Issuer:         PLANET POLYMER TECHNOLOGIES, INC.

       (b) Address of Issuer's Principal Executive Offices:
                                   9985 BUSINESSPARK AVENUE, SUITE A
                                   SAN DIEGO, CA 92131

ITEM 2.
       (a) Name of Person Filing:  BRIAN TO

       (b) Address of Principal Business Office, or, if none, Residence:
                                   9985 BUSINESSPARK AVENUE, SUITE A
                                   SAN DIEGO, CA 92131

       (c) Citizenship:            CANADA

       (d) Title of Class of Securities:     COMMON STOCK

       (e) CUSIP Number:           727044 10 9


ITEM 3.    NOT APPLICABLE.

ITEM 4.    OWNERSHIP.

       (a) Amount Beneficially Owned:  527,111, INCLUDING 66,134 SHARES
           ISSUABLE UPON EXERCISE OF OPTIONS HELD BY MR. TO WITHIN 60
           DAYS OF DECEMBER 31, 1996.   

       (b) Percent of Class:   9.88%

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

           (i)  sole power to vote or to direct the vote: 527,111
          (ii)  shared power to vote or to direct the vote: -0-
         (iii)  sole power to dispose or to direct the disposition 
                of: 527,111
          (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

           NOT APPLICABLE.

ITEM 7.    IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
           THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
                
           NOT APPLICABLE.       


<PAGE>   4
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.


                                        February 12, 1997
                                        ---------------------------------------
                                        Date


                                        /s/ Brian To
                                        ---------------------------------------
                                        Signature


                                        Brian To
                                        ---------------------------------------
                                        Name/Title


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