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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Nicollet Process Engineering, Inc.
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(Name of Issuer)
Common Stock, No Par Value
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(Title of Class of Securities)
654085109
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(CUSIP Number)
Gary S. Kohler, Vice President
Okabena Investment Services, Inc.
5140 Norwest Center
90 South Seventh Street, Minneapolis, MN 55402-4139
(612) 339-7151
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(Name, Address and Telephone Number of Person Authorized
to receive Notices and Communications)
December 18, 1996
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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 [ ].
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page should 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
disclosures provided in a prior cover 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 (however, see the
Notes).
Page 1 of 5 Pages
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CUSIP No. 654085109
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(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of
Above Persons
Okabena Partnership K, a Minnesota general partnership 41-1642281
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(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ X ]
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(3) SEC Use Only
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(4) Source of Funds
WC
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
[ ]
N/A
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(6) Citizenship or Place of Organization
Minnesota
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Number of (7) Sole Voting Power 215,000 shares
Shares Bene- ----------------------------------------------------------------
ficially (8) Shared Voting Power -0- shares
Owned by ----------------------------------------------------------------
Each Report- (9) Sole Dispositive Power 215,000 shares
ing Person ----------------------------------------------------------------
With (10) Shared Dispositive Power -0- shares
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
215,000 shares
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
N/A
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(13) Percent of Class Represented by Amount in Row (11)
6.4%
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(14) Type of Reporting Person (See Instructions)
PN
Page 2 of 5 pages
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ITEM 1. SECURITY AND ISSUER
The class of equity securities to which this statement relates is
the common stock, without par value (the "Common Stock"), of Nicollet Process
Engineering, Inc. (the "Issuer"). The principal executive offices of the
Issuer are located at 420 North Fifth Street, Suite 1040, Minneapolis, MN 55410.
ITEM 2. IDENTITY AND BACKGROUND
(a) - (c). This statement is being filed by Okabena Partnership
K, a Minnesota general partnership (the "Reporting Person"). Its principal
business is investment. Okabena Investment Services, Inc., a Minnesota
corporation, provides investment supervisory and portfolio mangement to the
clients of Okabena Company, a private holding company, including acting as the
managing partner of the Reporting Person. Their principal offices are located
at 5140 Norwest Center, 90 South Seventh Street, Minneapolis, Minnesota
55402-4139.
(d) and (e). During the last five years, neither the Reporting
Person nor any person listed on Exhibit A has (i) been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or (ii) been
a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgement, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) U.S.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Working capital
ITEM 4. PURPOSE OF TRANSACTION
For investment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b) See Schedule 13D cover page, rows (7) through (11)
inclusive and (13). The Issuer's definitive Schedule 14A filed with the
Securities and Exchange Commission on December 13, 1996 indicated that it had
3,346,305 shares of Common Stock outstanding on November 29, 1996.
(c) The Reporting Person engaged in the following open market
transactions as set forth below:
Page 3 of 5 pages
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Date/Type of Transaction Shares Price Per Share
------------------------ ------ ---------------
3-18-96 Purchase 82,000 $4.625
6-14-96 Sale 12,000 4.50
9-25-96 Purchase 80,000 2.625
12-17-96 Purchase 15,000 1.563
12-18-96 Purchase 50,000 2.125
Net Position -------
215,000
(d) Except as set forth herein, there have been no other
transactions in the Common Stock of the Issuer effected during the last sixty
days by the Reporting Person.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIP WITH
RESPECT TO THE SECURITIES OF THE ISSUER
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A: Additional Item 2 information concerning the general
partners of the Reporting Person.
Page 4 of 5 pages
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SIGNATURE
After reasonable inquiry and to the best of his knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: December 26, 1996 OKABENA PARTNERSHIP K
By: Okabena Investment Services, Inc.
Its Managing Partner
By: /s/ Gary S. Kohler
---------------------------------
Gary S. Kohler, Vice President
Page 5 of 5 pages
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EXHIBIT A
Set forth below is the name and business occupation of each general partner
of Okabena Partnership K. The business address for each person or entity listed
is c/o Okabena Investment Services, Inc., 5140 Norwest Center, Minneapolis, MN
55402-4139. See Item 2(d), (e), and (f) of this Schedule 13D Statement for
additional information concerning these general partners.
Name of Partner Occupation
--------------- ----------
Lucy J. Dayton Private Investor
Chadwick Foundation N/A
Christopher B. Dayton Private Investor
Martha B. Dayton Private Investor
Michael K. Dayton Private Investor
James G. Dayton Architect
Tobin J. Dayton Student
Mae F. Dayton Private Investor
Scott N. Dayton Retailer
Chadwick L. Dayton Student
Whitney L. Dayton Minor
Edward N. Dayton Private Investor
Robert J. Dayton Chief Executive Officer
(Okabena Co. - Family Office)
John W. Dayton Business Owner
Sherry Ann Dayton Private Investor
Joan L. Dayton Private Investor
Rebecca H. Dayton Private Investor
Arlene J. Dayton Private Investor
Virginia Y. Dayton Private Investor
Bruce B. Dayton Private Investor
Mark B. Dayton Private Investor
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Brandt N. Dayton Private Investor
Christian B. Dayton Therapist
Lucy B. Dayton Veterinarian
Anne D. Buxton Private Investor
Wallace C. Dayton Private Investor
Mary Lee Dayton Private Investor
Sally D. Clement Therapist
Stephen M. Clement III. Educator
Ellen D. Sturgis Private Investor
Sheldon S. Sturgis Business Owner
Katherine D. Nielsen Private Investor
Stuart A. Nielsen Artist
Elizabeth D. Dovydenas Private Investor
K. N. Dayton Private Investor
Oakleaf Foundation N/A
Julia W. Dayton Private Investor
Judson N. Dayton Private Investor
Elisabeth J. Dayton Private Investor
Duncan N. Dayton Real Estate Developer
Katharine L. Kelly Private Investor
Douglas J. Dayton Private Investor
Meadowood Foundation N/A
David D. Dayton Business Owner
Vanessa D. Dayton Pathologist
Steven J. Melander-Dayton Private Investor
Bruce C. Dayton Student
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Lynn B. Dayton Student
Marina B. Dayton Minor
Alexander B. Dayton Minor
Charles Benning Dayton Minor
Jackson Gardiner Dayton Minor
Margaret Bliss O'Keefe Minor
Angus Dayton O'Keefe Minor
Catherine Greer O'Keefe Minor
Nicholas Sherman Buxton Minor
Henry M. Buxton Minor
Theodore D. Clement Minor
Winston W. Clement Minor
Matthew D. Sturgis Minor
Katherine L. Sturgis Minor
Rosamond G. Sturgis Minor
Samuel D. Richardson Minor
Olivia Maren Nielsen Minor
Joyce D. Dovydenas Minor
Elena L. Dovydenas Minor
Caroline Avery Dayton Minor
Davis Winton Dayton Minor
Isaac N. Dayton Minor
Caleb F. Dayton Minor
Dorothy J. Melander-Dayton Minor
Adele Marie Melander-Dayton Minor
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Bruce C. Lueck President
Okabena Investment Services, Inc.
(Registered Investment Advisor)
Gary S. Kohler Vice President
Okabena Investment Services, Inc.
(Registered Investment Advisor)
