SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 11 )*
Winland Electronics, Inc.
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(Name of Issuer)
Common Stock $.01 par value
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(Title of Class of Securities)
974241 10 1
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(CUSIP Number)
December 31, 2002
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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)
[ ] Rule 13d-1(c)
[ X ] 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 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 4 Pages
CUSIP NO. 974241 10 1 Page 2 of 4 Pages
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Lorin E. Krueger
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
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(b) [ ]
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3. SEC Use Only
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4. Citizenship or Place of Organization
U.S.A.
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Number of 5. Sole Voting Power
Shares 246,554 (includes 30,000 shares obtainable
upon exercise of currently exercisable
options)
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Beneficially 6. Shared Voting Power
Owned by 800
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Each 7. Sole Dispositive Power
Reporting 246,554 (includes 30,000 shares obtainable
upon exercise of currently exercisable
options)
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Person With: 8. Shared Dispositive Power
800
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
247,354 (includes 30,000 shares obtainable upon exercise of currently
exercisable options)
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
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11. Percent of Class Represented by Amount in Row (9)
8.2%
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12. Type of Reporting Person (See Instructions)
IN
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Answer every item. If an item is inapplicable or the answer is in the negative,
so state.
ITEM 1(a) NAME OF ISSUER:
Winland Electronics, Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1950 Excel Drive
Mankato, MN 56001
ITEM 2(a) NAME OF PERSON FILING:
See Cover Page Item 1
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
1950 Excel Drive
Mankato, MN 56001
ITEM 2(c) CITIZENSHIP:
See Cover Page Item 4
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, $.01 par value
ITEM 2(e) CUSIP NO.:
See Cover Page
ITEM 3 STATEMENT FILED PURSUANT TO RULE 13D-1(b), OR 13D-2(b) OR (c):
Not applicable
ITEM 4 OWNERSHIP
See Cover Page Items 5 through 11
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following [ ].
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:
Not applicable
Page 3 of 4 Pages
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Not applicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
Not applicable
ITEM 10 CERTIFICATIONS:
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 as of December 31, 2002.
January 16, 2003
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(Date)
/s/ Lorin E. Krueger
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(Signature)
Lorin E. Krueger
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(Name and title)
Page 4 of 4 Pages