SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 12)* Winland Electronics, Inc. ------------------------------------------------------------------------- (Name of Issuer) Common Stock $.01 par value ----------------------------------------------------------------------- (Title of Class of Securities) 974241 10 1 ----------------------------------------------------------------------- (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: [ ] 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 SCHEDULE 13G -------------------------- --------------------------------- CUSIP NO. 974241 10 1 PAGE 2 OF 4 PAGES -------------------------- --------------------------------- ------------- ---------------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) W. Kirk Hankins ------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] ------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY ------------- ---------------------------------------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. ------------- ---------------------------------------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 193,995 SHARES --------- ------------------------------------------------------------------------------------------ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 69,842 EACH --------- ------------------------------------------------------------------------------------------ REPORTING 7 SOLE DISPOSITIVE POWER PERSON 193,995 WITH --------- ------------------------------------------------------------------------------------------ 8 SHARED DISPOSITIVE POWER 69,842 ------------- ---------------------------------------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 263,837 ------------- ---------------------------------------------------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] ------------- ---------------------------------------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.9% ------------- ---------------------------------------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN ------------- ---------------------------------------------------------------------------------------------------------------- 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: 2113 Northridge Drive North Mankato, MN 56003 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 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. 1/19/02 ------------------------------- (Date) /S/ W. K. Hankins ------------------------------- (Signature) W. Kirk Hankins ------------------------------- (Name and title)