<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
PLANET POLYMER TECHNOLOGIES, INC.
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(NAME OF ISSUER)
COMMON STOCK
- --------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
727044 10 9
- --------------------------------------------------------------------------------
(CUSIP NUMBER)
REBECCA A. PETCAVICH
6832 TOWN VIEW LANE
SAN DIEGO, CA 92120
(619) 582-1025
- --------------------------------------------------------------------------------
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
OCTOBER 30, 1997
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(DATE OF EVENT WHICH REQUIRES FILING
OF THIS STATEMENT)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box |_|.
(Continued on following pages)
(Page 1 of 5 Pages)
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CUSIP NO. 727044 10 9 13D Page 1 of 5 Pages
- ------------------------------------- ------------------------------------
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<TABLE>
<CAPTION>
<S> <C>
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Rebecca A. Petcavich
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|(b) |_|
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3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_|
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------- --------- ----------------------------------------------------------------------------
NUMBER 7 SOLE VOTING POWER
OF SHARES 743,599
BENEFICIALLY
OWNED BY
REPORTING
PERSON WITH
--------- ----------------------------------------------------------------------------
8 SHARED VOTING POWER
-0-
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9 SOLE DISPOSITIVE POWER
743,599
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ----------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 743,599
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
14.02%
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14 TYPE OF REPORTING PERSON*
IN
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</TABLE>
(Page 2 of 5 Pages)
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ITEM 1. SECURITY AND ISSUER
This Amendment No. 2 (the "Amendment") to the Schedule 13D dated as of
November 29, 1995, and filed with the Securities and Exchange Commission on
March 6, 1996, as amended on February 14, 1997, relates to the beneficial
ownership of shares of the Common Stock (the "Common Stock") of Planet Polymer
Technologies, Inc., a California corporation (the "Issuer"). The principal
executive offices of the Issuer are located at 9985 Businesspark Avenue, Suite
A, San Diego, CA 92131.
This Amendment is being filed pursuant to Section 13(d)(2) of the
Securities Exchange Act of 1934, as amended, and Rule 13d-2 thereunder to
disclose the decrease in beneficial ownership by 121,000 shares of Common Stock
pursuant to the cancellation of an option to purchase 121,000 shares of Common
Stock.
ITEM 2. IDENTITY AND BACKGROUND
(A) Rebecca A. Petcavich
(B) 6832 Town View Lane
San Diego, CA 92120
(C) Student
San Diego State University
San Diego, CA
(D) Not Applicable
(E) Not Applicable
(F) United States
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
A decrease in the beneficial ownership of 121,000 shares of Common Stock
was caused by the cancellation of a Nonstatutory Stock Option to purchase
121,000 shares of Common Stock at an exercise price of $8.938 per share. Such
option was cancelled on October 30, 1997.
(Page 3 of 5 Pages)
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ITEM 4. PURPOSE OF THE TRANSACTION
Decreased beneficial ownership of shares of Common Stock occurred in
connection with the cancellation of a Nonstatutory Stock Option.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Beneficial Ownership: 743,599 including 25,000 shares
issuable upon exercise of options held by Ms. Petcavich within
60 days of December 31, 1997.
Percentage Ownership: 14.02%
(b) Sole Voting Power: 743,599
Shared Voting Power: -0-
Sole Dispositive Power: 743,599
Shared Dispositive Power: -0-
(c) Recent Transactions: None.
(d) Right to Receive Dividends: Not applicable
(e) Ownership below 5%: Not applicable
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not applicable.
(Page 4 of 5 Pages)
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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 3, 1998
/s/ Rebecca A. Petcavich
-----------------------------------
Rebecca A. Petacavich
(Page 5 of 5 Pages)
