SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Connors John F III (Last) (First) (Middle) C/O QUIPP, INC., 4800 N.W. 157TH STREET (Street) MIAMI FL 33014 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol QUIPP INC [ QUIP ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) VP-Corporate Development
	3. Date of Earliest Transaction (Month/Day/Year) 05/14/2007
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/14/2007		J(1)(2)		9,779	A	$7.67	23,986	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. May 14, 2007, Quipp, Inc. ("Quipp") issued 9,779 shares of its common stock to John F. Connors III pursuant to a $150,000 contingent consideration provision in the Share Purchase Agreement, dated as of August 10, 2005, among Quipp, John F. Connors III and Terence B. Connors (the "Purchase Agreement") in connection with the acquisition by Quipp of Newstec, Inc., a Massachusetts corporation ("Newstec"). The shares were issued after Newstec recognized the required minimum amount of revenues from a specified contract.

2. For purposes of computing the number of shares to be delivered, the price per share of the Quipp common stock ($7.67 per share) was based on the average of the closing prices of Quipp common stock during a period of 20 consecutive trading days ending on December 20, 2006. In accordance with the Purchase Agreement, Quipp issued an aggregate of 19,557 shares of Quipp common stock in payment of the $150,000 contingent consideration, including the 9,779 shares of common stock issued to John F. Connors III.

	/s/ Eric Bello, attorney-in-fact for John F. Connors III	05/16/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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