-----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, CxkzIEaGoPtZTTVWyhTIWYLkGUbPWatnky7Sr4OvecOv/IfrAHZZf1dfjzc4wv1i 4yXl0buZLpEJA48zvbrPqw== 0000914190-99-000132.txt : 19990403 0000914190-99-000132.hdr.sgml : 19990403 ACCESSION NUMBER: 0000914190-99-000132 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990401 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 SEC ACT: SEC FILE NUMBER: 005-46803 FILM NUMBER: 99585724 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 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 1 SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ___)* 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 300 Minnetonka, Minnesota 55343 (612) 939-3945 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 29, 1999 (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 5 Pages SCHEDULE 13D CUSIP No. 399817 10 5 Page 2 of 5 Pages 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY) Sheldon T. Fleck 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) PF 5 CHECK 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 BENEFICIALLY 412,100 OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON 0 WITH 9 SOLE DISPOSITIVE POWER 412,100 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 412,100 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.1% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN Item 1. Security and Issuer. This filing relates to Common Stock of Grow Biz International, Inc. (the "Company"), 4200 Dahlberg Drive, Minneapolis, Minnesota 55422. Item 2. Identity and Background. (a) Name: Sheldon T. Fleck (b) Business Address: 5720 Smetana Drive, Suite 300, Minnetonka, Minnesota 55343. (c) Principal Occupation: Private Investor. (d) Mr. Fleck has not, during the last five years, been convicted in a criminal proceeding. (e) Mr. Fleck was not, during the last five years, a party to any civil proceeding as a result of which he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Citizenship: U.S.A. Item 3. Source and Amount of Funds or Other Consideration. Mr. Fleck purchased the shares of the Company's Common Stock with personal funds and with funds borrowed under a margin account maintained in Mr. Fleck's name with his broker. Item 4. Purpose of Transaction. The shares of Common Stock purchased by Mr. Fleck have been acquired for investment purposes. Mr. Fleck may make additional purchases of Common Stock either in the open market or in private transactions depending on his evaluation of the Company's business, prospects and financial condition, the market for the Common Stock, other opportunities available to him, general economic conditions, money and stock market conditions and other future developments. Depending on the same factors, Mr. Fleck may decide in the future to sell all or part of his investments in the Company's Common Stock. Although the purchases of shares of Common Stock have been made for investment, at some future time Mr. Fleck might decide that it is desirable to seek to acquire the Company or to seek to control or further influence the management and policies of the Company. At the present time Mr. Fleck has made no definite decision to seek to acquire the Company. Mr. Fleck has, however, expressed some concern to management about the inadequacy of a pending buy-out proposal and anticipates that he may express concern from time to time, and may take appropriate action in connection therewith, regarding any management proposed transactions that may be inconsistent with his goals as an investor in the Company. Item 5. Interest in Securities of the Issuer. Mr. Fleck beneficially owns 412,100 shares of the Company's Common Stock, representing 8.1% of the shares of Common Stock outstanding. Mr. Fleck has sole voting and dispositive power over all of such securities. Mr. Fleck effected the following transactions in the Company's Common Stock during the 60 days prior to the date of this Schedule 13D: Number of Price per Transaction Trade Date Shares Share Open Market Purchase 2/3/99 8,400 $13.1875 Open Market Purchase 2/9/99 5,700 $13.1875 Open Market Purchase 2/10/99 4,500 $13.1875 Open Market Purchase 2/12/99 7,800 $13.1875 Open Market Purchase 2/17/99 3,600 $13.1875 Open Market Purchase 2/25/99 4,400 $13.1875 Open Market Purchase 2/26/99 8,500 $13.1875 Open Market Purchase 3/3/99 3,700 $13.1875 Open Market Purchase 3/5/99 3,500 $13.1875 Open Market Purchase 3/9/99 5,000 $13.1875 Open Market Purchase 3/10/99 10,900 $13.1875 Open Market Purchase 3/11/99 4,200 $13.1875 Open Market Purchase 3/15/99 4,000 $12.5625 Open Market Purchase 3/16/99 4,500 $12.5625 Open Market Purchase 3/17/99 8,200 $12.5625 Open Market Purchase 3/29/99 9,800 $12.3125 Open Market Purchase 3/31/99 13,100 $12.3125 Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. None. Item 7. Material to be Filed as Exhibits. None. 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: April 1, 1999. /s/ Sheldon T. Fleck -----END PRIVACY-ENHANCED MESSAGE-----