-----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, SyzRzxOgVIzghdqKregLPRsgPpljtWDBdYVXUUmCAJJ45WuHhtk645d/3Bb22ZPH ciVMCc9gecmRbMMr8xuUDQ== 0000914190-98-000333.txt : 19980907 0000914190-98-000333.hdr.sgml : 19980907 ACCESSION NUMBER: 0000914190-98-000333 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980904 SROS: NASD GROUP MEMBERS: FLECK SHELDON GROUP MEMBERS: TERRY K. FLECK SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GROW BIZ INTERNATIONAL INC CENTRAL INDEX KEY: 0000908315 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS RETAIL [5900] IRS NUMBER: 411622691 STATE OF INCORPORATION: MN FISCAL YEAR END: 1226 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-46803 FILM NUMBER: 98704858 BUSINESS ADDRESS: STREET 1: 4200 DAHLBERG DR CITY: GOLDEN VALLEY STATE: MN ZIP: 55422-4837 BUSINESS PHONE: 6125208500 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FLECK SHELDON CENTRAL INDEX KEY: 0000901590 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1400 INTERNATIONAL CENTRE STREET 2: 900 SECOND AVENUE SOUTH CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 6123767489 MAIL ADDRESS: STREET 1: 1400 INTERNATIONAL CENTRE STREET 2: 900 SECOND AVENUE SOUTH CITY: MINNEAPOLIS STATE: MN ZIP: 55402 SC 13D/A 1 SCHEDULE 13D AMENDMENT SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4 )* Grow Biz International, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 399817 10 5 ----------------------------------------------------------------------- (CUSIP Number) Sheldon T. Fleck 5720 Smetana Drive, Suite 330 900 Second Avenue South Minnetonka, Minnesota 55343 (612) 939-3945 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 28, 1998 ----------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. *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 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 6 Pages SCHEDULE 13D - ------------------------------- ----------------------------------------- CUSIP No. 399817 10 5 Page 2 of 6 Pages ----------------- ---------- ---------- - ------------------------------- ------------------------------------------ - ------------- ------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS/ I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Sheldon T. Fleck - ------------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ------------- ------------------------------------------------------------------ 3 SEC USE ONLY - ------------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS* Not Applicable - ------------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - ------------------------- --------- -------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 300,000 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------- -------------------------------------------- 8 SHARED VOTING POWER 0 --------- -------------------------------------------- 9 SOLE DISPOSITIVE POWER 300,000 --------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ------------- ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 300,000 - ------------- ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - ------------- ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.9% - ------------- ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN - ------------- ------------------------------------------------------------------ SCHEDULE 13D - --------------------------------- ---------------------------------------- CUSIP No. 399817 10 5 Page 3 of 6 Pages ---------------- ---------- ---------- - --------------------------------- ---------------------------------------- - ------------- ------------------------------------------------------------------ 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Terry K. Fleck - ------------- ------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - ------------- ------------------------------------------------------------------ 3 SEC USE ONLY - ------------- ------------------------------------------------------------------ 4 SOURCE OF FUNDS* Not Applicable - ------------- ------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - ------------- ------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - ------------------------- --------- -------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH --------- -------------------------------------------- 8 SHARED VOTING POWER 0 --------- -------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 --------- -------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ------------- ------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - ------------- ------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] Excludes 300,000 shares held by reporting person's spouse as to which reporting person disclaims beneficial ownership. - ------------- ------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0 - ------------- ------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN - ------------- ------------------------------------------------------------------ SCHEDULE 13D Item 1. Security and Issuer. This filing relates to Common Stock of Grow Biz International, Inc. (the "Issuer"), 4200 Dahlberg Drive, Minneapolis, Minnesota 55422-4837. Item 2. Identity and Background. (a-1) No change. (a-2) Business Address: 5720 Smetana Drive Minnetonka, Minnesota 55343 (a-3) No change. (a-4) No change. (a-5) No change. (b-1) No change. (b-2) Business Address: 5720 Smetana Drive Minnetonka, Minnesota 55343 (b-3) No change. (b-4) No change. (b-5) No change. Item 3. Source and Amount of Funds or Other Consideration. Not applicable. Item 4. Purpose of the Transaction. No change. Item 5. Interest in Securities of the Issuer. Sheldon T. Fleck beneficially owns 300,000 shares of Grow Biz International, Inc. Common Stock representing 4.9% of the shares of Common Stock outstanding based on representations by the Issuer as to the total number of shares of Common Stock outstanding. Mr. Fleck has sole voting and investment power over such shares. Mr. Fleck ceased to be the beneficial owner of more than 5% of the outstanding Common Stock of Grow Biz International, Inc. on August 31, 1998. Terry K. Fleck no longer beneficially owns shares of Grow Biz International, Inc. Common Stock. Ms. Fleck disclaims any beneficial ownership of all shares held by Sheldon T. Fleck. The investors are filing this joint Schedule 13D because they may be deemed to be a group within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934 (the "Exchange Act") or each may be deemed to beneficially own the shares held by the other. However, neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that Sheldon T. Fleck and Terry K. Fleck are a group for the purpose of Section 13(d) of the Exchange Act or for any other purpose or that either is the beneficial owner of any of the shares held by the other. Sheldon T. Fleck effected the following transactions in the Issuer's Common Stock since the most recent filing of Schedule 13D. Number of Price Per Transaction Trade Date Shares Share Open market sale 08/28/98 207,000 $15 Open market sale 08/31/98 120,000 $15 Terry K. Fleck effected the following transactions in the Issuer's Common Stock since the most recent filing of Schedule 13D. Number of Price Per Transaction Trade Date Shares Share Open market sale 08/31/98 80,000 $15 Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. None. Item 7. Material to be Filed as Exhibits. 1. Agreement to File Jointly--incorporated by reference to Exhibit 1 to Schedule 13D dated September 3, 1996. SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: September 4, 1998. By: /s/ Sheldon T. Fleck Sheldon T. Fleck By: /s/ Terry K. Fleck Terry K. Fleck EXHIBIT INDEX TO SCHEDULE 13D EXHIBIT NUMBER DESCRIPTION 1 Agreement to File Jointly--incorporated by reference to Exhibit 1 to Schedule 13D dated September 3, 1996. -----END PRIVACY-ENHANCED MESSAGE-----