-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HUyvIDG5XpiqRaLocyoOcHwYZSf9J6+ruwYmhxrJrvXEsC1cSO1loUXUGU5Iav8p phWUfyHtSfwhwKNKYTiE8g== 0000914190-99-000038.txt : 19990202 0000914190-99-000038.hdr.sgml : 19990202 ACCESSION NUMBER: 0000914190-99-000038 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990201 GROUP MEMBERS: CHERRY TREE VENTURES III, A LIMITED PARTNERSHIP GROUP MEMBERS: CHRISTIANSON TONY J GROUP MEMBERS: GORDON F. STOFER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRO LEARNING INC CENTRAL INDEX KEY: 0000893965 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS PUBLISHING [2741] IRS NUMBER: 363660532 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-43059 FILM NUMBER: 99518405 BUSINESS ADDRESS: STREET 1: POPLAR CREEK OFFICE PLAZA STREET 2: 1721 MOON LAKE BOULEVARD CITY: HOFFMAN ESTATES STATE: IL ZIP: 60194 BUSINESS PHONE: 8477817800 MAIL ADDRESS: STREET 1: 1721 MOON LAKE BLVD SUITE 555 CITY: HOOFMAN ESGTATES STATE: IL ZIP: 60194 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CHRISTIANSON TONY J CENTRAL INDEX KEY: 0001035980 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 3800 WEST 80TH STREET SUITE 1400 CITY: MINNEAPOLIS STATE: MN ZIP: 55431 BUSINESS PHONE: 6128939012 MAIL ADDRESS: STREET 1: 3800 WEST 80TH STREET SUITE 1400 CITY: MINNEAPOLIS STATE: MN ZIP: 55431 SC 13G/A 1 SCHEDULE 13G AMENDMENT NO. 3 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* TRO Learning, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 87263R 109 ----------------------------------------------------------------------- (CUSIP Number) Check the following box if a fee is being paid with the statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) *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). (Continued on following page(s)) Page 1 of 7 Pages SCHEDULE 13G - --------------------------------- ------------------------------- CUSIP No. 87263R 109 Page 2 of 7 Pages ----------------------- ------- ------- - ------------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Cherry Tree Ventures III, a limited partnership FIN: 41-1585020 - ------------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) X (B) [ ] - ------------- ------------------------------------------------------------------ 3 SEC USE ONLY - ------------- ------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Minnesota - ------------------------- --------- -------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 668,360 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------- -------------------------------------------- 6 SHARED VOTING POWER 0 --------- -------------------------------------------- 7 SOLE DISPOSITIVE POWER 668,360 --------- -------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - ------------- ------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 668,360 - ------------- ------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------- ------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.4% - ------------- ------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* PN - ------------- ------------------------------------------------------------------ - --------------------------------- ---------------------------------------- CUSIP No. 87263R 109 Page 3 of 7 Pages ----------------------- ---------- ---------- - ------------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Gordon F. Stofer SS#: ###-##-#### - ------------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) X (B) [ ] - ------------- ------------------------------------------------------------------ 3 SEC USE ONLY - ------------- ------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Minnesota - ------------------------- --------- -------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------- -------------------------------------------- 6 SHARED VOTING POWER 668,360 --------- -------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 --------- -------------------------------------------- 8 SHARED DISPOSITIVE POWER 668,360 - ------------- ------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 668,360 - ------------- ------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------- ------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.4% - ------------- ------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* IN - ------------- ------------------------------------------------------------------ - --------------------------------- ---------------------------------- CUSIP No. 87263R 109 Page 4 of 7 Pages ----------------------- ------- ------- - ------------- ------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Tony J. Christianson SS#: ###-##-#### - ------------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) [ ] - ------------- ------------------------------------------------------------------ 3 SEC USE ONLY - ------------- ------------------------------------------------------------------ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Minnesota - ------------------------- --------- -------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------- -------------------------------------------- 6 SHARED VOTING POWER 668,360 --------- -------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 --------- -------------------------------------------- 8 SHARED DISPOSITIVE POWER 668,360 - ------------- ------------------------------------------------------------------ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 668,360 - ------------- ------------------------------------------------------------------ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] - ------------- ------------------------------------------------------------------ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.4% - ------------- ------------------------------------------------------------------ 12 TYPE OF REPORTING PERSON* IN - ------------- ------------------------------------------------------------------ Page 5 of 7 Item 1(a) Name of Issuer TRO Learning, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 555 Poplar Creek Office Plaza 1721 Moon Lake Blvd. Hoffman Estates, IL 60194 Item 2(a) Name of Person Filing: This statement is filed on behalf of Cherry Tree Ventures III, a Limited Partnership and on behalf of Gordon F. Stofer and Tony J. Christianson who are Managing General Partners of Cherry Tree III, a Limited Partnership. Item 2(b) Address of Principal Business Office or, if none, Residence: Centennial Lakes Office Park 7601 France Avenue S., Suite 225 Minneapolis, MN 55435 Each of Gordon F. Stofer and Tony J. Christianson has the above address. Item 2(c) Citizenship: Partnerships are organized in Minnesota. Each of Gordon F. Stofer and Tony J. Christianson is a citizen of the United States. Item 2(d) Title of Class of Securities: common stock Items 2(e) CUSIP Number: 87263R109 Item 3 If this Statement is Filed Pursuant to Rules 13d-1(b), or 13d-2(d), Check Whether the Person Filing is a: Not Applicable. Page 6 of 7 Item 4 Ownership: (a) Amount Beneficially Owned: See pages 2, 3 & 4 - Item 9 Mr. Stofer and Mr. Christianson are members of this group because of their positions as Managing General Partners of Cherry Tree Ventures III; voting and control is based on their role as Managing General Partners of CTV III and they disclaim beneficial ownership of those shares. (b) Percent of Class: See pages 2, 3 & 4 - Item 11 (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: see pages 2, 3 & 4, Items 5-8 (ii) shared power to vote or to direct the vote: see pages 2, 3 & 4, Items 5-8 (iii) sole power to dispose or to direct the disposition of: see pages 2, 3 & 4, Items 5-8 (iv) shared power to dispose or to direct the disposition of: see pages 2, 3 & 4, Items 5-8 Item 5 Ownership of Five Percent or Less of a Class: Not Applicable. Item 6 Ownership of More than Five Percent on Behalf of Another Person: Not Applicable. Page 7 of 7 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: The Group is Cherry Tree Ventures III. Mr. Stofer and Mr. Christianson are members of this group because of their positions as Managing General Partners of CTV III: voting and control is based on their role as Managing General Partners of CTV III and they disclaim beneficial ownership of those shares. Item 9 Notice of Dissolution of Group: Not Applicable. Item 10 Certification: 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. Dated: 1-28-99 CHERRY TREE VENTURES III, A LIMITED PARTNERSHIP By /s/ Tony J. Christianson By /s/ Tony J. Christianson Tony J. Christianson Tony J. Christianson Individual Managing General Partner By /s/ Gordon F. Stofer By /s/ Gordon F. Stofer Gordon F. Stofer Gordon F. Stofer Individual Managing General Partner -----END PRIVACY-ENHANCED MESSAGE-----