SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-K/A

(Mark One)

[X]  ANNUAL REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES  EXCHANGE
     ACT OF 1934

For the fiscal year ended December 31, 2001

                                       OR

[_]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF THE  SECURITIES
     EXCHANGE ACT OF 1934

                         Commission file number: 0-1298

                        ADVANCED TECHNICAL PRODUCTS, INC.
             (Exact name of registrant as specified in its charter)

            Delaware                                             11-1581582
  (State or other jurisdiction                                (I.R.S. Employer
of incorporation or organization)                            Identification No.)

                         200 Mansell Ct. East, Suite 505
                             Roswell, Georgia 30076
               (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (770) 993-0291

Securities registered pursuant to Section 12(b) of the Act: NONE

Securities registered pursuant to Section 12(g) of the Act:

    Title of Each Class                Name of Each Exchange on Which Registered
Common Stock, $0.01 par value                    Nasdaq National Market

     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [_]

     Indicate by check mark if disclosure of delinquent  filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

     The aggregate  market value of the voting stock held by  non-affiliates  of
the registrant on March 29, 2002 was  $116,268,326  (4,387,484  shares at $26.50
per share,  the closing  price of the  registrant's  common  stock on the Nasdaq
National  Market on March 29, 2002).  As of that date,  5,886,997  shares of the
Company's Common Stock were outstanding.

<PAGE>

                                    PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

     The Amended and Restated Certificate of Incorporation of Advanced Technical
Products,  Inc. ("ATP" or the "Company")  authorizes the Board of Directors (the
"Board") to fix the number of directors from time to time, but the Board may not
consist of more than  twelve  persons.  The  number of  directors  is  currently
established at nine. The Amended and Restated  Certificate of  Incorporation  of
ATP also provides for three classes of directors,  designated  Class I, Class II
and Class III, each currently having  three-year terms of office.  Each class of
directors is to consist of, as nearly as possible, one-third of the total number
of directors constituting the entire Board. Except for directors elected to fill
vacancies  on the Board  (whether  created  by death,  resignation,  removal  or
expansion of the Board),  the directors of each class will be elected for a term
of three years and until their successors have been elected and qualified.

     Set forth below is certain information  concerning each of the directors of
the Company now in office and each of the executive  officers of the Company who
are not  directors.  Except for General  Johnnie E.  Wilson and General  John H.
Tilelli,  Jr.,  each  of the  directors  was  designated  as a  director  of ATP
effective  October 31, 1997 in connection  with the  consummation  of the merger
(the "Lunn/TPG Merger") of TPG Holdings, Inc. ("TPG") and Lunn Industries,  Inc.
("Lunn")  under the name  "Advanced  Technical  Products,  Inc." The age of each
director,  his positions and offices with ATP, the year in which he first became
a director of ATP, his business  experience  during the past five years or more,
and the other  directorships  he holds are shown below.  Similar  information is
provided concerning executive officers who are not directors.

CLASS II DIRECTORS - TERMS EXPIRING 2002

GARRETT L. DOMINY,  56. Mr. Dominy has served as President  and Chief  Executive
Officer  since  February  2000 and was the Company's  Chief  Financial  Officer,
Assistant Secretary and Treasurer from October 1997 to May 2000. Mr. Dominy also
served as Executive  Vice  President,  from October 1997 to May 2000. Mr. Dominy
served as the Chief Financial Officer,  Executive Vice President,  Secretary and
Treasurer of TPG from June 1995 until the Lunn/TPG  Merger.  Prior to that time,
Mr. Dominy was an audit partner of Arthur Andersen Worldwide.

SAM DOUGLASS, 69. Mr. Douglass is a member of the Audit Committee.  Mr. Douglass
served as a  director  of TPG from its  inception  in 1995  until  the  Lunn/TPG
Merger.  Mr. Douglass has been Chairman of the Board and Chief Executive Officer
of Equus  Capital  Corporation,  the  managing  general  partner of Equus Equity
Appreciation  Fund L.P., since its formation in September 1983. Mr. Douglass has
also  been  Chairman  of the  Board  and  Chief  Executive  Officer  of Equus II
Incorporated,  an  investment  company that trades as a  closed-end  fund on the
NYSE, and Equus Capital Management  Corporation,  since their formation in 1983.
Since 1978, Mr. Douglass has served as Chairman and Chief  Executive  Officer of
Equus  Corporation  International,  a privately owned  corporation  engaged in a
variety of investment activities.

JOHN M. SIMON, 59. Mr. Simon is a member of the Audit  Committee.  Mr. Simon has
been a  Managing  Director  of Allen & Company  Incorporated  for more than five
years. Mr. Simon is a director of Neurogen Corporation, a Nasdaq National Market
pharmaceutical company, and CoStar Group, Inc., a Nasdaq National Market company
that provides  information services to the U.S. commercial real estate industry.
Mr. Simon was originally elected a director of Lunn in 1993.


                                       2
<PAGE>

CLASS III DIRECTORS - TERMS EXPIRING 2003

JAMES S. CARTER,  66. Mr. Carter is a director and served as the Chairman of the
Board,  President and Chief  Executive  Officer of the Company from the Lunn/TPG
Merger  until  February  2000.  Mr.  Carter  served as the  President  and Chief
Executive  Officer and as a director of TPG from its inception in 1995 until the
Lunn/TPG Merger.  Mr. Carter served as an industry  consultant from 1993 to 1995
and Vice President and General Manager of the Composite  Structures  Division of
Alcoa  Composites,  Inc. from 1989 to 1993.  Prior to joining Alcoa  Composites,
Inc., Mr. Carter was director of Composites  with Northrop  Corporation  for the
B-2  Aircraft  Group  from 1980 to 1989.  Mr.  Carter  began  his  career in the
aerospace industry with the Brunswick  Technical Group of Brunswick  Corporation
in 1956.

GARY L. FORBES,  58. Mr. Forbes was elected Chairman of the Board of the Company
in July 2000.  Mr. Forbes served as a director of TPG from its inception in 1995
until the Lunn/TPG Merger. Mr. Forbes has been a Vice President of Equus Capital
Corporation, the managing general partner of Equus Equity Appreciation Fund L.P.
since November 1991. He has been a Vice President of Equus II  Incorporated  and
Equus  Capital  Management  Corporation  since  December  1991.  Mr. Forbes is a
director of Consolidated Graphics, Inc. (a NYSE commercial printing company) and
NCI  Building  Systems,  Inc.  (a  NYSE  manufacturer  of  pre-engineered  metal
buildings).

GENERAL  JOHNNIE E. WILSON,  (Ret.  U.S.  Army),  58.  General Wilson has been a
director since October 2000, and is the President and Chief Operating Officer of
Dimensions  International,  Inc., an  information  technology  company.  General
Wilson  retired from the U.S. Army in April of 1999 and his last post was as the
Commanding General, U.S. Army Materiel Command.  Throughout his military career,
General  Wilson served in a number of prestigious  command and staff  positions.
Prior to serving as Commanding  General,  U.S. Army  Materiel  Command,  General
Wilson  served  as  Deputy  Chief of Staff  for  Logistics,  Department  of Army
Pentagon;  Chief of Staff,  U.S.  Army  Materiel  Command;  Commanding  General,
Ordnance  Center and School,  Aberdeen  Proving Ground,  Md.; Deputy  Commanding
General,  21st  Theater  Army  Area  Command,  U.S.  Army  Europe  and 7th Army;
Commander,  13th Support  Command,  Fort Hood,  Texas;  and Commander,  Division
Support Command, 1st Armored Division, U.S. Army Europe.

CLASS I DIRECTORS - TERMS EXPIRING 2004

ROBERT C. SIGRIST,  69. Mr. Sigrist served as a director of TPG from August 1995
until October 1997.  Prior to that time,  Mr. Sigrist served as the President of
the Brunswick Technical Group of Brunswick Corporation.

LAWRENCE E. WESNESKI,  54. Mr. Wesneski is a member of the Audit Committee.  Mr.
Wesneski  has been  President  and Chief  Executive  Officer  of Hoak  Breedlove
Wesneski  & Co.  since  August  1996.  Mr.  Wesneski  has  been  engaged  in the
investment  banking  industry for more than 20 years.  Prior to the formation of
Hoak Breedlove  Wesneski & Co., Mr. Wesneski was President and Managing Director
of Breedlove Wesneski & Co. for ten years. Mr. Wesneski was formerly head of the
Southwest  Corporate Finance  Department of Bear Stearns & Co., Inc., a Managing
Director of Corporate Finance at Eppler,  Guerin & Turner, Inc., and a member of
the


                                       3
<PAGE>

Corporate Finance  Department at Dean Witter Reynolds,  Inc. Mr. Wesneski served
as a director of TPG from its inception in 1995 until the Lunn/TPG Merger.

GENERAL JOHN H. TILELLI,  JR., (Ret. U.S. Army),  60. General Tilelli has been a
director of the Company since May 2001. Since January 2002,  General Tilelli has
been President and Chief Operating Officer of Cypress  International,  a defense
industry business development consulting firm. From March 2000 to December 2001,
General Tilelli served as President and CEO of USO Worldwide Operations. General
Tilelli retired from the U.S. Army in January 2000,  where he served in a number
of prestigious  command and staff  positions.  Prior to his retirement,  General
Tilelli served as Commander-in-Chief of the United Nations Command,  Republic of
Korea/United  States Combined  Forces  Command,  and United States Forces Korea.
Other service  positions in the U.S. Army  included:  Commanding  General of 1st
Cavalry Division during Desert Shield and Desert Storm; Commander,  Seventh Army
Training Command and Combat Maneuver Training Center;  Deputy Chief of Staff for
Operations and Plans,  Department of the Army;  Vice Chief of Staff of the Army;
and  Commander  of United  States  Army  Forces  Command.  General  Tilelli is a
director of the  Raytheon  Company (a NYSE  defense and  commercial  electronics
company)  ERDAS  (a  provider  of  geographic  imaging  solutions),  and  Vision
Technologies Kinetics (a company focused on ground combat systems).

EXECUTIVE OFFICERS

JAMES P. HOBT, 47. Mr. Hobt has been Vice President,  Chief  Financial  Officer,
Secretary  and  Treasurer  of the  Company  since May 2000.  Mr.  Hobt served as
Corporate  Controller and Secretary from October 1997 to May 2000. From May 1995
until the Lunn/TPG Merger, Mr. Hobt served as Corporate Controller and Assistant
Secretary  for TPG.  Prior  to  then,  he was the  Assistant  Controller  of the
Brunswick Technical Group.

H.  DWIGHT  BYRD,  64.  Mr.  Byrd has been Vice  President  of the  Company  and
President of the Company's Marion Composites Division since the Lunn/TPG Merger.
From April 1995 until the Lunn/TPG  Merger,  Mr. Byrd served as a Vice President
of TPG and President of the Marion Composites  Division.  During the period from
April  1992 to April  1995,  Mr.  Byrd  served as General  Manager of  Brunswick
Corporation's  Marion,  Virginia  division.  During 1991 to April 1992, Mr. Byrd
served as Director of Manufacturing  for Brunswick's  Mercury Marine Division in
Stillwater, Oklahoma.

RICHARD J. RASHILLA, 42. Mr. Rashilla has been Vice President of the Company and
President  of the Lincoln  Composites  Division  since  January  1999.  Prior to
January 1999,  Mr.  Rashilla  served as Lincoln  Composites'  Vice President and
General  Manager.   Mr.  Rashilla  served  as  Executive  Director  of  Business
Development  along  with  other  senior  management  positions  for  Brunswick's
Technical Group between 1983 and 1995. These prior  assignments  included senior
positions in the  Company's  diversification  projects  into Natural Gas Vehicle
Fuel Tanks and Oil and Gas related products. From 1989 to 1993, Mr. Rashilla was
assigned to Brunswick's Marion, Virginia operation.

BRIAN W.  HODGES,  41. Mr.  Hodges has been Vice  President  of the  Company and
President of the  Intellitec  Division  since May 1998.  Prior to May 1998,  Mr.
Hodges served as  Intellitec's  Vice  President and General  Manager for Defense
Products and Vice  President of  Operations.  Mr.  Hodges  served as Director of
Operations  in addition to other senior  management  positions  for  Brunswick's
Technical  Group  between  1987 and 1995.  Previous  to that,  Mr.  Hodges  held
supervisory  and  engineering  positions  at  both  Honeywell,  Inc.  and  Texas
Instruments, Inc.


                                       4
<PAGE>

MICHAEL  KOHLER,  37. Mr.  Kohler has been Vice  President  of the  Company  and
President of the Lunn Industries  Division since the Lunn/TPG Merger.  From 1994
to 1997,  Mr.  Kohler served as Director of  Engineering  for Lunn and, for over
three years  prior to 1994,  served as a quality  assurance  manager and quality
engineer for Lunn.

SECTION 16 REQUIREMENTS

     Section 16(a) of the Securities Exchange Act of 1934, as amended,  requires
the Company's  directors and executive  officers,  and persons who own more than
10% of a registered class of ATP's equity securities, to file initial reports of
ownership and reports of changes in ownership  with the SEC and The Nasdaq Stock
Market.  Such persons are  required by the SEC to furnish the Company  copies of
all  Section   16(a)   forms  they  file.   Based  on  our  records  or  written
representations  from certain reporting persons, we believe that during 2001 all
our directors,  officers and 10% or greater  beneficial  owners timely filed all
required Section 16(a) reports.


                                       5
<PAGE>

ITEM 11 - EXECUTIVE COMPENSATION

Summary Compensation Table

     The following table presents information concerning the compensation of the
Chief  Executive  Officer  and each of the four  other most  highly  compensated
executive  officers  during  the 2001  fiscal  year  (collectively,  the  "Named
Executive  Officers") for services rendered in all capacities to the Company for
the fiscal year ended  December  31,  2001,  as well as the  previous two fiscal
years:

<TABLE>
<CAPTION>
                                            Annual Compensation                              Long-Term Compensation
                              -------------------------------------------------      ----------------------------------------
                                                                       Other         Securities
                                                                       Annual        Underlying                    All Other
                                                                       Compen-        Options/      LTIP             Compen-
                                          Salary         Bonus         sation           Sars       Payments          sation
          Name                Year          ($)           ($)          ($) (2)           (#)         ($)             ($)(1)
-----------------------       ----      ----------     ----------    ----------      -----------   --------        ----------
<S>                           <C>        <C>            <C>            <C>              <C>              <C>        <C>
Garrett L. Dominy,            2001       $350,577       $138,919       $   --           37,000           --         $  7,056
President and                 2000        320,000         88,010           --           45,000           --            7,056
Chief Executive Officer       1999        274,615           --             --             --             --            6,491

H. Dwight Byrd,               2001       $229,615       $ 12,689       $  9,563         10,000           --         $  7,737
Vice President                2000        209,614          8,364          9,440         25,000           --            7,392
                              1999        190,961         25,116         10,551           --             --            6,204

Brian W. Hodges,              2001       $177,731       $ 51,431       $ 30,130         10,000           --         $  4,261
Vice President                2000        153,154         14,030         17,264         25,000           --            3,640
                              1999        137,335         21,392          3.909           --             --            2,780

Richard J. Rashilla,          2001       $164,615       $ 29,705       $  6,812          8,000           --         $  3,495
Vice President                2000        142,656         50,835          2,119         25,000           --            3,024
                              1999        122,417         36,817           --             --             --            2,775

James P. Hobt,                2001       $175,539       $ 38,878           --            3,000           --         $  4,536
Vice President and            2000        151,100         25,641           --           20,000           --            3,597
Chief Financial Officer       1999        121,077         10,000           --             --             --            2,810
</TABLE>

-------------------

(1)  "All  Other  Compensation"  for 2001 for the Named  Executive  Officers  is
     comprised of the following: (a) Company contributions to retirement savings
     plans for Messrs. Dominy ($5,250), Byrd ($4,951), Hodges ($4,081), Rashilla
     ($3,159) and Hobt  ($4,032),  and (b) the taxable  amount of life insurance
     premiums paid by us for Messrs.  Dominy  ($1,806),  Byrd  ($2,786),  Hodges
     ($180), Rashilla ($336) and Hobt ($504).

(2)  "Other Annual Compensation" for 2001 for Mr. Hodges includes the following:
     (a) the taxable  portion of personal use of Company  vehicle  ($17,795) and
     (b) earned vacation paid in cash in lieu of time off ($12,293).

Option Grants During Fiscal Year 2001

     The following table sets forth the options granted during 2001 to the Named
Executive  Officers  pursuant to the Company's  employee stock option plans. The
Company did not grant any stock appreciation rights during 2001.

<TABLE>
<CAPTION>
                                                   Individual Grants
                                        -----------------------------------------
                                        Percent of
                          Number of        Total                                          Potential Realizable Value
                          Securities      Options                                       at Assumed Annual Rates of Stock
                          Underlying    Granted to                                     Price Appreciation for Option Term
                           Options       Employees      Exercise      Expiration     --------------------------------------
Name                       Granted        in 2001       Price ($)        Date          0%($)       5%($)          10%($)
---------------------     ----------    ------------    ---------     -----------    --------  -----------     ------------
<S>                        <C>             <C>          <C>            <C>              <C>      <C>             <C>
Garrett L. Dominy          37,000          32.89%       $15.000        11/06/07         --       $193,510        $440,300

H. Dwight Byrd             10,000           8.89%       $15.000        11/06/07         --       $ 52,300        $119,000

Brian W. Hodges            10,000           8.89%       $15.000        11/06/07         --       $ 52,300        $119,000

Richard J. Rashilla         8,000           7.11%       $15.000        11/06/07         --       $ 41,840        $ 95,200

James P. Hobt               3,000           2.67%       $15.000        11/06/07         --       $ 15,690        $ 35,700
</TABLE>

     During 2001, outstanding options granted in 1997 for each of the Named
Executive Officers for the same number of securities underlying options granted
as above and the same exercise price ($15.00) were cancelled.


                                       6
<PAGE>

Option Exercises During Fiscal Year 2001 and Fiscal Year End Option Values

     The following  table provides  information  about options  exercised by the
Named  Executive  Officers  during  2001  and the  unexercised  options  and the
aggregate  dollar  value of  in-the-money  options  held by the Named  Executive
Officers at the end of 2001.

<TABLE>
<CAPTION>
                                                            Number Of Securities                  Value Of Unexercised
                                                           Underlying Unexercised                     In-The-Money
                                                              Options/SARS At                         Options/SARS
                                                              Fiscal Year-End                    At Fiscal Year End($)
                                                     -----------------------------------     -------------------------------
                        Shares          Value
                      Acquired On     Realized
      Name            Exercise(#)        ($)           Exercisable       Unexercisable        Exercisable      Unexercisable
-----------------     -----------    ----------     ----------------    ----------------     --------------    -------------
<S>                      <C>          <C>                <C>                <C>                <C>               <C>
Garrett L. Dominy            --       $   --             38,600             43,400             $197,766          $525,774

H. Dwight Byrd               --           --             13,000             22,000               89,689           287,054

Brian W. Hodges          11,956       81,032             15,989             22,000              140,442           287,054

Richard J. Rashilla          --           --             20,948             21,600              247,990           286,098

James P. Hobt                --           --             14,910             16,600              206,691           227,253
</TABLE>


EMPLOYMENT AGREEMENTS

     Mr. Dominy's  employment  agreement  provides for a base salary of $325,000
per year as of  February  1, 2000  subject  to an annual  increase  based,  at a
minimum,  on the consumer price index for the previous  year. Mr.  Dominy's base
salary for 2001 was $350,577. Mr. Dominy is also entitled to receive, subject to
the  discretion  of the Board,  an annual  bonus of up to 75% of his then annual
base salary. Mr. Dominy's employment agreement is terminable by the Company with
or without cause;  provided that if the Company terminates the employment of Mr.
Dominy  without  cause,  Mr.  Dominy will be entitled to receive  payment of the
greater  of:  (a) his base  salary  and  incentive  bonus for the number of full
months  remaining in the agreement term, and (b) his base salary for a period of
36 months.  Mr. Dominy's  employment  agreement also provides that if there is a
"change in control" of the Company or a  constructive  termination of Mr. Dominy
without  cause,  then Mr.  Dominy  is  entitled  to a  lump-sum  payment  of the
specified amount within 60 days of the effective date of termination.  Following
any termination of Mr. Dominy's employment for cause or upon Mr. Dominy's breach
of the terms of his employment agreement, it is expected that Mr. Dominy will be
subject to non-disclosure and non-competition covenants for up to two years.

     Messrs.  Byrd,  Hodges,  Rashilla and Hobt each have employment  agreements
with the Company with terms  substantially  the same as Mr. Dominy's  agreement,
except for: (1) the base salary (Mr. Byrd - $215,000  initially and $229,615 for
2001,  Mr.  Hodges - $158,000  initially and $177,731 for 2001,  Mr.  Rashilla -
$150,000  initially and $164,615 for 2001, and Mr. Hobt - $165,000 initially and
$175,539 for 2001) and (2) the amount the  employee  will be entitled to receive
in the event of  termination by the Company  without  cause,  which would be his
base  salary  for 12  months  and any  accrued  incentive  bonus  at the time of
termination.

COMPENSATION OF DIRECTORS

     The Chairman of the Board receives  $50,000  annually.  All other directors
who are not employees of the Company  receive  $25,000  annually.  Additionally,
non-employee  directors  who have not  previously  served on the Board receive a
grant under the Advanced Technical Products,  Inc.  Non-Employee  Director Stock
Option Plan (the  "Non-Employee  Director  Plan") of options to  purchase  7,500
shares of Common Stock upon  commencement of their term. On June 15 and December
15 of each year, continuing  non-employee directors automatically receive grants
under


                                       7
<PAGE>

the  Non-Employee  Director Plan of options to purchase  shares of Common Stock.
The amount of options  granted is determined by dividing  $15,000 by the closing
market price of the Company's stock on the date of the grant.

COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION

     The Board does not have a compensation  committee.  None of ATP's executive
officers  served  as a member of the  compensation  committee  (or  other  board
committee  performing  equivalent  functions  or,  in the  absence  of any  such
committee,  the  entire  board of  directors)  of another  entity,  one of whose
executive  officers  served on the ATP Board or served as a director  of another
entity, one of whose executive officers served on the ATP Board.


                                       8
<PAGE>

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     The following  table sets forth, as of April 25, 2002, the number of shares
of the Company Common Stock beneficially owned by (1) each person or group known
by the Company to own beneficially more than 5% of the outstanding shares of the
Company Common Stock, (2) each director of the Company,  (3) the Company's Chief
Executive  Officer and each of the Company's four other most highly  compensated
executive officers,  and (4) all directors and executive officers as a group. At
the close of business on that date,  the Company had 5,890,064  shares of Common
Stock issued and outstanding. Except as otherwise indicated, each of the persons
or groups named below has sole voting power and investment power with respect to
such the Company Common Stock.

                                                        COMMON STOCK
                                                  -------------------------
NAME OF BENEFICIAL OWNER OR GROUP                   SHARES         PERCENT
                                                  -------------------------
American Airlines Master Fixed Benefit
  Penison Trust ..........................         776,267           13.18%
4333 Amon Carter Blvd
Ft. Worth, TX 76155
Kern Capital Management. LLC (1) .........         726,100           12.33%
114 West 47th Street, Suite 1926
New York, NY 10036
FleetBoston Financial Corp (1) ...........         602,277           10.23%
100 Federal Street
Boston, MA 02100
H. Dwight Byrd (2) .......................         248,195            4.21%
James S. Carter (3) ......................         243,564            4.14%
Garrett L. Dominy (4) ....................         239,896            4.07%
Sam P. Douglass (5)(7) ...................         368,643            6.26%
2929 Allen Parkway, Suite 2500
Houston, TX 77019
Gary L. Forbes (6)(7)(8) .................         317,402            5.39%
2929 Allen Parkway, Suite 2500
Houston, TX 77019
James P. Hobt (9) ........................          34,374               *
Brian W. Hodges (10) .....................          31,180               *
Richard J. Rashilla (11) .................          28,791               *
Robert C. Sigrist (7)(12) ................          68,975            1.17%
John M. Simon (7)(13) ....................          70,868            1.20%
Lawrence E. Wesneski (7) (14) ............         154,295            2.62%
John H. Tilelli, Jr. (3) .................           5,277               *
Johnnie E. Wilson (15) ...................           7,777               *

All directors and executive officers
   as a group (14 persons) (16) ..........       1,627,710           27.63%

----------
*    Less than one percent.

(1)  Based on a Schedule 13G  Amendment  No. 1 dated  February 14, 2002.  In its
     Schedule 13G amendment,  FleetBoston  Financial Corp. indicated it had sole
     voting  power with  respect to 397,977  shares,  shared  voting  power with
     respect to zero  shares,  sole  dispositive  power with  respect to 601,777
     shares and shared dispositive power with respect to 500 shares.


                                       9
<PAGE>

(2)  Includes  197,191  shares of the  Company  Common  Stock held by the Harvey
     Dwight Byrd, Sr.  Revocable  Trust DTD, which Mr. Byrd may be deemed to own
     as a settlor  and  trustee of such trust.  Mr.  Byrd  disclaims  beneficial
     ownership of these shares.  In addition,  includes  1,604 shares  purchased
     through the 1998 Advanced Technical Products,  Inc. Employee Stock Purchase
     Plan (the "Purchase Plan"), 16,400 shares held upon Mr. Byrd's behalf as an
     interest in the Advanced  Technical  Products,  Inc. Deferred  Compensation
     Plan (the  "Deferred  Compensation  Plan") and 13,000 shares of the Company
     Common  Stock that may be  acquired  within 60 days of April 25,  2002 upon
     exercise  of  options  granted  pursuant  to the  1997  and  2000  Advanced
     Technical Products, Inc. Stock Option Plans (the "Employee Plans").

(3)  Includes  5,277  shares of the  Company  Common  Stock that may be acquired
     within 60 days of April 25, 2002 upon exercise of options granted under the
     Non-Employee Director Plan.

(4)  Includes 1,293 shares  purchased  through the Purchase Plan,  10,750 shares
     held upon Mr. Dominy's  behalf as an interest in the Deferred  Compensation
     Plan and 38,600  shares of the  Company  Common  Stock that may be acquired
     within 60 days of April 25, 2002 upon exercise of options granted  pursuant
     to the Employee Plans.

(5)  Includes  203,227  shares  of the  Company  Common  Stock  that each of the
     Douglass Trust IV, FBO Preston Douglass, Jr. and the Douglass Trust IV, FBO
     Brooke  Douglass  (collectively,  the  "Douglass  Trusts") may be deemed to
     beneficially  own as a result of their  ownership of all of the outstanding
     common stock of Equus Corporation  International ("ECI"). ECI may be deemed
     to own the 203,227  shares  that are  beneficially  owned by Equus  Capital
     Management  Corporation  ("ECMC") as a result of ECI's  ownership of 80% of
     the common  stock of ECMC.  ECI  disclaims  beneficial  ownership  of those
     shares.  ECMC owns  beneficially and of record 11,750 shares of the Company
     Common Stock. ECMC may also be deemed to beneficially own 191,477 shares of
     the Company Common Stock that are owned beneficially and of record by Equus
     Capital  Corporation  ("ECC"),  a  wholly-owned  subsidiary  of ECMC.  ECMC
     disclaims beneficial ownership of these shares. Mr. Douglass is the trustee
     of the Douglass  Trusts.  Mr.  Douglass,  for himself and as trustee of the
     Douglass  Trusts,   disclaims  beneficial  ownership  of  such  shares.  In
     addition, includes 68,362 shares of the Company Common Stock that are owned
     of record by the Douglass  Trust IV, FBO Preston  Douglass,  Jr. and 68,362
     shares of the Company Common Stock that are owned of record by the Douglass
     Trust IV, FBO Brooke Douglass.  Mr. Douglass disclaims beneficial ownership
     of these shares.  In addition,  includes 8,187 shares of the Company Common
     Stock that are owned of record by the Tiel Trust,  FBO Sam P.  Douglass and
     8,187  shares of the Company  Common  Stock that are owned of record by the
     Tiel  Trust,  FBO Paula T.  Douglass.  Mr.  Douglass  disclaims  beneficial
     ownership of these shares.

(6)  Includes  203,227 shares of the Company Common Stock that Mr. Forbes may be
     deemed to beneficially own, including 191,477 shares owned beneficially and
     of record by ECC and  11,750  shares  owned  beneficially  and of record by
     ECMC. Mr. Forbes is a vice president of ECC and ECMC. Mr. Forbes  disclaims
     beneficial ownership of these shares.

(7)  Includes  12,318  shares of the Company  Common  Stock that may be acquired
     within 60 days of April 25, 2002 upon exercise of options granted under the
     Non-Employee Director Plan.

(8)  Includes  14,700 shares held upon Mr. Forbes's behalf as an interest in the
     Deferred Compensation Plan.

(9)  Includes 1,964 shares  purchased  through the Purchase Plan,  17,500 shares
     held upon Mr.  Hobt's  behalf as an interest in the  Deferred  Compensation
     Plan and 14,910  shares of the  Company  Common  Stock that may be acquired
     within 60 days of April 25, 2002 upon exercise of options granted  pursuant
     to the Employee Plans.

(10) Includes 835 shares  purchased  through the Purchase Plan and 15,989 shares
     of the Company  Common  Stock that may be acquired  within 60 days of April
     25, 2002 upon exercise of options granted pursuant to the Employee Plans.

(11) Includes 1,843 shares  purchased  through the Purchase  Plan,  6,000 shares
     held upon Mr. Rashilla's behalf as an interest in the Deferred Compensation
     Plan and 20,948  shares of the  Company  Common  Stock that may be acquired
     within 60 days of April 25, 2002 upon exercise of options granted  pursuant
     to the Employee Plans.


                                       10
<PAGE>

(12) Includes  56,657  shares of the Company  Common Stock held by the Robert C.
     Sigrist Trust DTD,  which Mr.  Sigrist may be deemed to own as a trustee of
     such trust. Mr. Sigrist disclaims beneficial ownership of these shares.

(13) Includes 32,050 shares of the Company Common Stock that are owned of record
     by Allen & Company  Incorporated.  Mr. Simon disclaims beneficial ownership
     of these shares.

(14) Includes  43,382  shares of the Company  Common Stock held  directly by Mr.
     Wesneski  through a SEPIRA and 98,595  shares held by Breedlove & Wesneski,
     L.P., of which Mr. Wesneski is a general partner.

(15) Includes  7,777  shares of the  Company  Common  Stock that may be acquired
     within 60 days of April 25, 2002 upon exercise of options granted under the
     Non-Employee Director Plan.

(16) Includes 7,539 shares  purchased  through the Purchase Plan,  65,350 shares
     held upon the Company's  directors  and officers'  behalf as an interest in
     the Deferred  Compensation  Plan and 187,568  shares of the Company  Common
     Stock that may be acquired  within 60 days of April 25, 2002 upon  exercise
     of options granted pursuant to the Employee Plan.

ITEM 13 - CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     On April 28, 1995, TPG loaned James S. Carter, then its President and Chief
Executive  Officer,  $74,925  to help fund Mr.  Carter's  acquisition  of 35,625
shares of the common stock of TPG, which were then converted into 295,787 shares
of the common stock of the Company in the Lunn/TPG Merger. Mr. Carter executed a
promissory note in favor of TPG, bearing interest at 8% per annum, the principal
and interest of which mature on April 28, 2001. During 2001, Mr. Carter paid the
Company $110,889 as full payment of the promissory note obligation.

     On June 1, 1995,  TPG loaned  Garrett L. Dominy,  then its  Executive  Vice
President  and  Chief  Financial  Officer,  $39,960  to help  fund Mr.  Dominy's
acquisition  of  19,000  shares  of the  common  stock of TPG,  which  were then
converted into 157,753 shares of the common stock of the Company in the Lunn/TPG
Merger.  Mr. Dominy executed a promissory note in favor of TPG, bearing interest
at 8% per annum,  the  principal  and  interest of which mature on June 1, 2001.
During  2001,  Mr.  Dominy  paid the  Company  $60,473  as full  payment  of the
promissory note obligation.

     On  January 1,  2002,  General  John H.  Tilelli,  Jr.,  a director  of the
Company,  was appointed as a senior team member of Cypress  International,  Inc.
("Cypress"),  which  rendered  business  development  and  marketing  consulting
services to the Company in 2001.  The Company paid  Cypress  $53,000 in 2001 for
consulting services rendered and related expenses.


                                       11
<PAGE>

                                   SIGNATURES

     Pursuant to the  requirements  of the Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its  behalf  by the  undersigned,  thereunto  duly  authorized,  in the  City of
Roswell, State of Georgia, on April 26, 2002

                                      ADVANCED TECHNICAL PRODUCTS, INC.


                                      /S/ JAMES P. HOBT
                                      -----------------------------------------
                                      James P. Hobt
                                      Vice President & Chief Financial Officer

     Pursuant to the  requirements of the Securities  Exchange Act of 1934, this
report  has  been  signed  below  by the  following  persons  on  behalf  of the
Registrant and in the capacities and on the dates indicated.

<TABLE>
<CAPTION>
                Signature                               Title                          Date
                ---------                               -----                          ----
<S>                                       <C>                                     <C>
            /S/ JAMES P. HOBT          ,     Chief Financial Officer and          April 26, 2002
---------------------------------------              Treasurer,
              James P. Hobt               (Principal Financial Officer and
                                            Principal Accounting Officer)


          /S/ GARRETT L. DOMINY        ,       Chief Executive Officer,           April 26, 2002
---------------------------------------               President
            Garrett L. Dominy               (Principal Executive Officer)
                                                    and Director


           /S/ GARY L. FORBES                  Chairman of the Board,             April 26, 2002
---------------------------------------             and Director
             Gary L. Forbes

           /S/ JAMES S. CARTER                        Director                    April 26, 2002
---------------------------------------
             James S. Carter

        /S/ JOHN H. TILELLI, JR.                      Director                    April 26, 2002
---------------------------------------
          John H. Tilelli, Jr.

          /S/ ROBERT C. SIGRIST                       Director                    April 26, 2002
---------------------------------------
            Robert C. Sigrist

        /S/ LAWRENCE E. WESNESKI                      Director                    April 26, 2002
---------------------------------------
          Lawrence E. Wesneski
</TABLE>


                                       12
<PAGE>

<TABLE>
<S>                                                   <C>                         <C>
           /S/ SAM P. DOUGLASS                        Director                    April 26, 2002
---------------------------------------
            Sam P. Douglass

            /S/ JOHN M. SIMON                         Director                    April 26, 2002
---------------------------------------
              John M. Simon

          /S/ JOHNNIE E. WILSON                       Director                    April 26, 2002
---------------------------------------
            Johnnie E. Wilson
</TABLE>


                                       13