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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Nicollet Process Engineering, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
654085109
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(CUSIP Number)
Bruce C. Lueck, 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)
See Item 5
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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).
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CUSIP No. 654085109
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(1) Name of Reporting Person and I.R.S. Identification No.:
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 131,200 shares
Shares Bene- ----------------------------------------------------------------
ficially (8) Shared Voting Power -0-
Owned by ----------------------------------------------------------------
Each Report- (9) Sole Dispositive Power -0-
ing Person ----------------------------------------------------------------
With: (10) Shared Dispositive Power 131,200 shares
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
131,200 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)
3.9%
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(14) Type of Reporting Person
PN
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CUSIP No. 654085109
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(1) Name of Reporting Person and I.R.S. Identification No.:
Kohler Capital Management, Inc., a Minnesota corporation 41-1889625
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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
N/A
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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 -0-
Shares Bene- -----------------------------------------------------------------
ficially (8) Shared Voting Power -0-
Owned by -----------------------------------------------------------------
Each Report- (9) Sole Dispositive Power -0-
ing Person -----------------------------------------------------------------
With: (10) Shared Dispositive Power 131,200 shares
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
131,200 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)
3.9%
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(14) Type of Reporting Person
CO
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ITEM 1. SECURITY AND ISSUER
This Amendment No. 2 (the "Amendment") is filed with respect to the
common stock of Nicollet Process Engineering, Inc. (the "Issuer") and, as set
forth below, amends the original Schedule 13D filed by Okabena Partnership K
("Partnership K") on December 26, 1996 and Amendment No. 1 thereto filed by
Partnership K and Kohler Capital Management, Inc. on November 17, 1997.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b) See Schedule 13D cover page, rows (7) through (11)
inclusive and (13). In a filing with the Securities and Exchange Commission,
the Issuer indicates that as of July 10, 1997, it had 3,368,527 shares
outstanding.
(c) Sales by Partnership K of the Issuer's common stock between 12/9
and 12/18/97 (see table below) constituted a disposition of beneficial ownership
of securities in an amount of less than 1% (.4%), but had the effect of reducing
the Reporting Person's beneficial ownership to an amount less than 5% of the
Issuer's common stock outstanding. A subsequent sale on 12/24/97, after it was
no longer a 5% beneficial owner, reduced beneficial ownership to 131,200 or 3.9%
of the Issuer's common stock outstanding.
Date of Sale Shares Price Per Share
------------ ------ ---------------
12-09-97 11,500 $1.17
12-11-97 10,000 1.03
12-18-97 20,000 .8125
12-24-97 8,500 .67
(d) and (e) Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A: A copy of the written agreement relating to the filing of
a joint statement as required by Rule 13d-1(f) under the Securities Exchange Act
of 1934, as amended.
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SIGNATURES
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: January 6, 1998 OKABENA PARTNERSHIP K
By: Okabena Investment Services, Inc.
Its Managing Partner
By: /s/ Bruce C. Lueck
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Bruce C. Lueck, President
Date: January 6, 1998 KOHLER CAPITAL MANAGEMENT, INC.
By: /s/ Gary S. Kohler
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Gary S. Kohler, President
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EXHIBIT A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) promulgated under the Securities Exchange
Act of 1934, as amended, the undersigned agree that this Amendment to Schedule
13D shall be filed jointly on behalf of each of the undersigned and that this
Agreement may be included as an Exhibit to such joint filing.
Date: January 6, 1998 OKABENA PARTNERSHIP K
By: Okabena Investment Services, Inc.
Its Managing Partner
By: /s/ Bruce C. Lueck
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Bruce C. Lueck, President
Date: January 6, 1998 KOHLER CAPITAL MANAGEMENT, INC.
By: /s/ Gary S. Kohler
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Gary S. Kohler, President
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