<PAGE>
Schedule 13G Page 1 of 9
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SEC POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
1745 (3- CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM
98) DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
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<TABLE>
<S> <C>
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UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION ----------------------------
WASHINGTON, D.C. 20549 OMB Number: 3235-0145
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Expires: November 30, 1999
SCHEDULE 13G -----------------------------
Estimated average burden
UNDER THE SECURITIES EXCHANGE ACT OF 1934 hours per response. . . 14.9
(AMENDMENT NO. 1)* -----------------------------
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Planet Polymer Technologies, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
727044109
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(CUSIP Number)
December 30, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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).
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Schedule 13G Page 2 of 9
CUSIP No. 727044109
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1. Names of Reporting Persons. Richard Zorn
I.R.S. Identification Nos. of above persons (entities only).
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ......................................................................
(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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5. Sole Voting Power 208,800
Number of
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Shares
6. Shared Voting Power 480,400
Beneficially
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Owned by
7. Sole Dispositive Power 208,800
Each
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Reporting
8. Shared Dispositive Power 480,400
Person With
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9. Aggregate Amount Beneficially Owned by Each Reporting Person 689,200
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10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
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11. Percent of Class Represented by Amount in Row (11) 10.02%
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12. Type of Reporting Person (See Instructions) IN
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SCHEDULE 13G
ITEM 1.
(a) The name of the issuer is Planet Polymer Technologies, Inc. (the
"Corporation").
(b) The Corporation's executive office is located at 9985 Businesspark
Avenue, San Diego, CA 92131.
ITEM 2.
(a) The person filing this statement is Richard Zorn.
(b) Mr. Zorn's residence is 1120 Park Avenue, New York, NY 10128.
(c) Mr. Zorn is a United States citizen.
(d) The Security is common stock, no par value per share.
(e) The CUSIP Number of the Security is 727044109.
ITEM 3.
Not applicable.
ITEM 4.
(a) Mr. Zorn is the beneficial owner of 689,200 shares of the Security
through the following:
his direct, personal ownership of 51,600 shares of the Security;
his IRA account which holds 70,000 shares of the Security;
his power of attorney for the management of the account of his
daughter, Katherine Zorn, which holds 13,200 shares of the Security;
his position as President of The Zorn Foundation, Inc., which owns
21,000 shares of the Security;
his position as Trustee of Lillian R. Zorn Charitable Remainder
Annuity Trust which owns 10,000 shares of the Security;
his position as Trustee of Lillian R. Zorn Trust for Grandchildren
which owns 13,000 shares of the Security;
his position as General Partner of LRZ Family Limited Partnership,
which owns 30,000 shares of the Security;
his position as Executive Vice President of The Benchmark Company,
Inc. ("Benchmark"), a broker-dealer registered under Section 15 of
the Securities Exchange Act of 1934 and an investment adviser
registered under the Investment Advisers Act of 1940, in accordance
with Section 240.13d-1(b)(1)(ii)(E), by virtue of Benchmark's
investment discretion over accounts of its customers that hold
480,400 shares of the Security.
(b) The amount of shares of the Security beneficially owned by Mr. Zorn
is 10.02% of the total outstanding shares of the Security.
<PAGE>
(c) (i) Mr. Zorn has the sole power to vote or to direct the vote of
208,800 shares of the Security.
(ii) Mr. Zorn shares with Benchmark the power to vote or direct the
vote of 480,400 shares of the Security.
(iii) Mr. Zorn has the sole power to dispose, or to direct the
disposition, of 208,800 shares of the Security.
(iv) Mr. Zorn shares with Benchmark the power to dispose, or to
direct the disposition, of 480,400 shares of the Security.
ITEM 5.
Not applicable
ITEM 6.
The clients of Benchmark, Katherine Zorn, The Zorn Foundation, Inc.,
Lillian R. Zorn Charitable Remainder Annuity Trust, Lillian R. Zorn Trust
for Grandchildren, and LRZ Family Limited Partnership have the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, shares of the Security. None of these persons has an interest
in 5% or more of the total outstanding shares of the Security.
ITEM 7.
Not applicable.
ITEM 8.
Not applicable.
ITEM 9.
Not applicable.
ITEM 10.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
January 27, 2000
..............................
Date
By /s/ Richard Zorn
................................
Richard Zorn
