SC 13D/A 1 growbiz020766_13da.txt GROW BIZ INTERNATIONAL, INC. SCHEDULE 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (AMENDMENT NO. 5) GROW BIZ INTERNATIONAL, INC. -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, NO PAR VALUE -------------------------------------------------------------------------------- (Title of Class of Securities) 399817 10 5 -------------------------------------------------------------------------------- (CUSIP Number) MACKALL, CROUNSE & MOORE, PLC 1400 AT&T TOWER 901 MARQUETTE AVENUE MINNEAPOLIS, MN 55402-2859 ATTN: G. THOMAS MACINTOSH II, ESQ. (612) 305-1400 -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) DECEMBER 31, 2001 -------------------------------------------------------------------------------- (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-l(e), 13d-1(f) or 13d-1(g), check the following box. |_| 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. (Cover page continued on next two pages) - Page 1 of 5 - SCHEDULE 13D -------------------------------- CUSIP NO. 399817 10 5 -------------------------------- ------- ------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY) K. JEFFREY DAHLBERG ------- ------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] ------- ------------------------------------------------------------------------ 3 SEC USE ONLY ------- ------------------------------------------------------------------------ 4 SOURCE OF FUNDS* N/A ------- ------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ------- ------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES ------- ------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES 922,000 ------- ------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 279,250 ------- ------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 922,000 ------- ------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 279,250 ------- ------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,201,250 ------- ------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] ------- ------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 22.3% ------- ------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IN ------- ------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! - Page 2 of 5 - ITEM 1. SECURITY AND ISSUER. This filing relates to the common stock, no par value (the "Common Stock"), of Grow Biz International, Inc., a Minnesota corporation (the "Company"). The address of the Company's principal executive office is 4200 Dahlberg Drive, Minneapolis, Minnesota 55422. ITEM 2. IDENTITY AND BACKGROUND. This statement is being filed by K. Jeffrey Dahlberg, referred to herein as the "Reporting Person." (a) Name: K. Jeffrey Dahlberg (b) Address: 455 North Ferndale Road, Wayzata, MN 55391 (c) Principal Occupation: Investor (d) Criminal Proceedings: None (e) Civil Proceedings: None (f) Citizenship: United States ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. N/A ITEM 4. PURPOSE OF TRANSACTION. The Reporting Person currently holds the shares of Common Stock set forth on the cover pages hereof for investment purposes only and not as part of any group. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) As of the date hereof, the Reporting Person beneficially owned the amount of Common Stock set forth below. The percentage set forth below represents the percentage of the outstanding shares of Common Stock (based on 5,383,354 shares of Common Stock outstanding) represented by the shares of Common Stock beneficially owned by the Reporting Person. Percentage of Shares of Outstanding Common Stock Common Stock ------------ ------------ 1,201,250 22.3% - Page 3 of 5 - (b) The information set forth in items 7 through 11 of the cover pages (pages 1-2) hereto is incorporated herein by reference. (c) The 279,250 shares listed with shared voting and dispositive power are owned by a trust for Mr. Dahlberg's children, of which his wife is sole trustee. Mr. Dahlberg disclaims beneficial ownership of such shares. (d) Not applicable. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. None. ITEM 7. MATERIALS TO BE FILED AS EXHIBITS. None. - Page 4 of 5 - SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I hereby certify that the information set forth in this statement is true, complete and correct. Dated: February 12, 2002 /s/ K. Jeffery Dahlberg ----------------------- K. Jeffery Dahlberg - Page 5 of 5 -