UNITED STATES

 

UNITED STATES

OMB APPROVAL

 

SECURITIES AND EXCHANGE COMMISSION

OMB Number:
3235-0145

 

Washington, D.C. 20549

Expires: August 31, 1999

 

SCHEDULE 13G

Estimated average burden hours per response. . 14.90

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 2)*

 

Material Sciences Corporation

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

576674105

(CUSIP Number)

 

December 31, 2001

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

ý

Rule 13d-1(b)

o

Rule 13d-1(c)

o

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).

 

 

 

 

 

 

 

 

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 



 

CUSIP No.  576674105

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Woodland Partners LLC

41-1832463

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Minnesota

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
681,750

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power
681,750

 

8.

Shared Dispositive Power
0

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
681,750 Shares

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

 

11.

Percent of Class Represented by Amount in Row (9)
4.62%

 

 

12.

Type of Reporting Person (See Instructions)
IA

 

 

*SEE INSTRUCTION BEFORE FILLING OUT!

 

 

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Item 1.

 

(a)

Name of Issuer
Material Sciences Corporation

 

(b)

Address of Issuer's Principal Executive Offices
2200 East Pratt Boulevard

Elk Grove Village, IL 60007

 

Item 2.

 

(a)

Name of Person Filing
Woodland Partners LLC (the “Company”)

 

(b)

Address of Principal Business Office or, if none, Residence
60 South Sixth Street

Suite 3750

Minneapolis, Minnesota  55402

 

(c)

Citizenship
The Company is organized in Minnesota

 

(d)

Title of Class of Securities
Common Stock

 

(e)

CUSIP Number
576674105

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

o

Broker or dealer registered under section 15 of the Act.

(b)

o

Bank as defined in section 3(a)(6) of the Act.

(c)

o

Insurance company as defined in section 3(a)(19) of the Act.

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940.

(e)

ý

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E).

(f)

o

An employee benefit plan or endowment fund in accordance with § 240.13d–1(b)(1)(ii)(F).

(g)

o

A parent holding company or control person in accordance with § 240.13d–1(b)(1)(ii)(G).

(h)

o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940.

(j)

o

Group, in accordance with § 240.13d–1(b)(1)(ii)(J).

 

 

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Item 4.

Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)

Amount beneficially owned:    681,750 shares

 

(b)

Percent of class:    4.62%

 

(c)

Number of shares as to which the person has:

 

 

(i)

Sole power to vote or to direct the vote    681,750

 

 

(ii)

Shared power to vote or to direct the vote   -0-

 

 

(iii)

Sole power to dispose or to direct the disposition of    681,750

 

 

(iv)

Shared power to dispose or to direct the disposition of    -0-

 

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 o.

Not Applicable

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

The Company manages accounts for the benefit of its clients.  Dividends on, and the proceeds from the sale of, securities are credited to the account which holds or held such securities.  No single account managed by the Company holds more than five percent of the class of securities referred to above.

 

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.

Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.

 

 

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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.

 

 

February 15, 2002

 

Date

 


/s/  Richard W. Jensen

 

Signature

 


Richard W. Jensen, Managing Partner

 

Name/Title

 

                  The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative.  If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference.  The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

 

NOTE:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties for whom copies are to be sent.

 

                  Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

 

 

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