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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
New England Business Service, Inc.
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(Name of Issuer)
Common Stock ($1.00 par value)
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(Title of Class of Securities)
643872 10 4
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(CUSIP Number)
Richard H. Rhoads, 500 Main Street, Groton, MA 01471 (508) 448-6111
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 9, 1996
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(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(3) or (4), check the following box / /.
Check the following box if a fee is being paid with this 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.)
NOTE: Six copies of this statement, including all exhibits should be filed
with the Commission. See Rule 13d-1(a) 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).
(Continued on following page(s))
Page 1 of Pages
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CUSIP No. 643872 10 4 13D Page 2 of Pages
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(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Richard H. Rhoads ###-##-####
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(2) Check the Appropriate Box if a Member (a) / /
or a Group* (b) / /
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(3) SEC Use Only
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(4) Source of Funds*
Inapplicable - statement pertains only to disposition of securities
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
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(6) Citizenship or Place of Organization
United States
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Number of Shares (7) Sole Voting
Beneficially Owned Power 82,987
by Each Reporting -------------------------------------------------
Person With (8) Shared Voting
Power 1,841
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(9) Sole Dispositive
Power 82,987
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(10) Shared Dispositive
Power 1,841
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
84,828
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
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(13) Percent of Class Represented by Amount in Row (11)
0.6%
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(14) Type of Reporting Person*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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Page 3 of Pages
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ITEM 1. SECURITY AND ISSUER
Common Stock $1.00 par value ("Common Stock")
New England Business Service, Inc. ("NEBS")
500 Main Street, Groton, Mass. 01471
ITEM 2. IDENTITY AND BACKGROUND
(a) Richard H. Rhoads ("Mr. Rhoads") (d) No
(b) 500 Main Street, Groton, MA 01471 (e) No
(c) Director, New England Business Service, Inc. (f) United States
500 Main Street, Groton, MA 01471
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Inapplicable - statement pertains only to disposition of securities
ITEM 4. PURPOSE OF TRANSACTION
Inapplicable - statement pertains only to disposition of securities
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) See table below (as of August 6, 1996):
Number Percentage Record Nature of
of Shares of Class Holder Ownership
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22,987 0.2% Richard H. Rhoads Direct
60,000 0.4% Richard H. Rhoads Stock options exercisable
within 60 days
1,000* 0.0% Margaret W. Rhoads Spouse
841* 0.0% Margaret W. Rhoads and Spouse as co-trustee of
Boston Safe Deposit and trust for benefit of
Trust Co., Trustees children
*Under regulations promulgated by the Securities and Exchange Commission, the
reporting person may be deemed to beneficially own such shares. Pursuant to
Rule 13d-4, the reporting person disclaims beneficial ownership of such shares.
(b) Sole voting power: 82,987 shares
Shared voting power: 1,841 shares**
Sole dispositive power: 82,987 shares
Shared dispositive power: 1,841 shares**
**Under regulations promulgated by the Securities and Exchange Commission, the
reporting person may be deemed to beneficially own such shares. Pursuant to
Rule 13d-4, the reporting person disclaims beneficial ownership of such
shares.
(c) On May 9, 1996, NEBS repurchased the following shares of Common Stock from
the persons indicated: 100,000 shares from Mr. Rhoads (individually); 65,000
shares from Margaret W. Rhoads (individually) ("Ms. Rhoads"), spouse of Mr.
Rhoads; 36,000 shares from Ms. Rhoads (as co-trustee of a trust for the
benefit of the children of Mr. and Ms. Rhoads); and 330,000 shares from
Windycote Inc. ("Windycote"), a corporation controlled by Mr. Rhoads.
On May 14, 1996, Windycote transferred 470,000 shares of Common Stock to the
Windycote Charitable Remainder Unitrust of May 14, 1996 ("Windycote Trust").
On May 24, 1996, Windycote Trust sold 20,000 shares of Common Stock in the
open market.
On May 28, 1996, Windycote Trust sold 450,000 shares of Common Stock in the
open market.
(d) Inapplicable
(e) May 9, 1996
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDING OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Inapplicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Inapplicable.
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.
August 6, 1996
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(Date)
/s/ Richard H. Rhoads
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(Signature)
Richard H. Rhoads
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(Name/Title)
