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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Amendment No. 6)*
Under the Securities Exchange Act of 1934*
Dynamic Healthcare Technologies, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
267927-101
--------------
(CUSIP Number)
Gary S. Kohler, Vice President
Okabena Investment Services, Inc.
5140 Norwest Center
90 South Seventh Street, Minneapolis, MN 55402-4139
(612) 339-7151
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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(b)(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 less than five percent
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 should 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).
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CUSIP No. 267927-101
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(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of Above Persons
Okabena Partnership K, a Minnesota general partnership 41-1642281
- -------------------------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ X ]
- -------------------------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------------------------
(4) Source of Funds
WC
- -------------------------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d)
or 2(e) [ ]
- -------------------------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Minnesota
- -------------------------------------------------------------------------------------------------
Number of (7) Sole Voting Power 500,000 shares
Shares Bene- ------------------------------------------------------------------------------
ficially (8) Shared Voting Power 0 shares
Owned by ------------------------------------------------------------------------------
Each Report- (9) Sole Dispositive Power 500,000 shares
ing Person ------------------------------------------------------------------------------
With (10) Shared Dispositive Power 0 shares
- -------------------------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
500,000 shares
- -------------------------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
- -------------------------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
7.56%
- -------------------------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
PN
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Page 2 of 4 pages
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ITEM 1. SECURITY AND ISSUER
The class of equity securities to which this statement relates is the
common stock, (the "Common Stock"), of Dynamic Healthcare Technologies, Inc.
(the "Company"). The principal executive offices of the Company are located
at 101 Southall Lane, Maitland, Florida 37251.
ITEM 2. IDENTITY AND BACKGROUND
(a) - (c). This statement is being filed by Okabena Partnership K, a
Minnesota general partnership. Its principal business is investment.
Okabena Investment Services, Inc., a Minnesota Corporation, is the corporate
managing partner of the Reporting Person and its principal business is to
provide investment and administrative services. Their principal offices are
located at 5140 Norwest Center, 90 South Seventh Street, Minneapolis,
Minnesota 55402-4139.
(d) and (e). During the last five years, no Reporting Person and no
person listed on Exhibit A has (i) been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or (ii) been a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgement, 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) U.S.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Working capital
ITEM 4. PURPOSE OF TRANSACTION
For investment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b) See Schedule 13D cover page, rows (7) through (11)
inclusive and (13).
(c) The Reporting Person disposed of 15,000 shares of Common Stock on
May 3, 1996, 50,000 shares on May 8, 1996, 26,000 shares on May 9, 1996
43,000 shares on May 10, 1996, and 16,000 shares on May 13, 1996 all in open
market sales at $3.75 per share, thereby reducing its beneficial ownership
by an amount greater than 1%. Reporting Person's beneficial ownership has
been reduced to 7.56% of the Company's issued and outstanding Common Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIP WITH
RESPECT TO THE SECURITIES OF THE ISSUER
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A -- General Partners of the Reporting Person.
Page 3 of 4 pages
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SIGNATURE
After reasonable inquiry and to the best of his knowledge and belief,
each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: MAY 10, 1996 OKABENA PARTNERSHIP K
By: Okabena Investment Services, Inc.
Its Managing Partner
By: /s/ Gary S. Kohler
----------------------------------
Gary S. Kohler, Vice President
Page 4 of 4 pages
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EXHIBIT A
ITEM 2. IDENTITY AND BACKGROUND
Set forth below is a list of the partners of Okabena Partnership K and their
respective occupations. The business address for each partner is c/o Okabena
Company, 5140 Norwest Center, 90 South Seventh Street, Minneapolis, Minnesota
55402-4139. The answer to Item 2(d) and (e) for each partner is negative. Each
partner who is a natural person is a United States Citizen.
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<CAPTION>
NAME OF PARTNER OCCUPATION
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<C> <S> <C>
1. ORCHARD TRUST U/A 5-27-70 N/A
LJD, END, RJD, JWD TRUSTEES
2. DCD MARITAL ELECT. INC. TRUST N/A
3. EDWARD N. DAYTON REVOCABLE TRUST Private Investor
4. EDWARD N. DAYTON EXEMPTION TRUST N/A
5. SHERRY ANN DAYTON Private Investor
6. CHRISTOPHER B. DAYTON REV. TR. Private Investor
7. END TRUST FOR CHRISTOPHER N/A
8. CHRISTOPHER B. DAYTON EXCL. TR. N/A
9. MARTHA B. DAYTON REVOCABLE TR. N/A
10. END TRUST FOR MARTHA N/A
11. MARTHA B. DAYTON EXCLUSION TR. N/A
12. MICHAEL K. DAYTON REVOCABLE TR. Private Investor
13. END TRUST FOR MICHAEL N/A
14. MICHAEL K. DAYTON EXCLUSION TR. N/A
15. ROBERT J. DAYTON REVOCABLE TR. Chief Executive Officer
(Private Investment Company)
16. ROBERT J. DAYTON TRUST N/A
17. ROBERT J. DAYTON EXEMPTION TR. N/A
18. JOAN L. DAYTON REVOCABLE TRUST Private Investor
19. JAMES G. DAYTON Architect
20. RJD TRUST FOR JAMES N/A
21. JAMES G. DAYTON EXCLUSION TR. N/A
22. TOBIN J. DAYTON Environmentalist
23. RJD TRUST FOR TOBIN N/A
24. TJD EXCLUSION TRUST N/A
25. MAE F. DAYTON Research Development Director
26. SCOTT N. DAYTON Retailer
27. RJD TRUST FOR SCOTT N/A
28. SCOTT N. DAYTON EXCLUSION TR. N/A
29. JOHN W. DAYTON EXEMPTION TRUST N/A
30. CHADWICK L. DAYTON Student
31. CHADWICK L. DAYTON TRUST N/A
32. CHADWICK L. DAYTON EXCLUS. TR. N/A
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<CAPTION>
NAME OF PARTNER OCCUPATION
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<C> <S> <C>
33. WHITNEY L. DAYTON Student
34. WHITNEY LOHER DAYTON TRUST N/A
35. WHITNEY L. DAYTON EXCLUSION TR. N/A
36. VIRGINIA Y. DAYTON REVOC. TR. Private Investor
37. VIRGINIA Y. DAYTON TERM. TRUST N/A
38. MARK B. DAYTON State Auditor
State of Minnesota
39. BRANDT N. DAYTON President,
Brandt N. Dayton & Co.
(Art Dealer)
40. BND 1978 FAMILY TRUST N/A
41. BBD 1966 TRUST FOR BND N/A
42. CHRISTIAN B. DAYTON Therapist
43. MARINA B. DAYTON Minor
44. MARINA BLISS DAYTON TRUST N/A
45. ALEXANDER B. DAYTON Minor
46. ALEXANDER B. DAYTON TRUST N/A
47. LUCY B. DAYTON Veterinarian
48. LBD 1985 FAMILY TRUST N/A
49. BBD 1966 TRUST FOR LBD N/A
50. LUCY B. DAYTON 1990 TERM TRUST N/A
51. MARGARET BLISS O'KEEFE Minor
52. MARGARET BLISS O'KEEFE TRUST N/A
53. ANGUS DAYTON O'KEEFE TRUST N/A
54. CATHERINE GREER O'KEEFE TRUST N/A
55. ANNE D. BUXTON Artist
56. BBD TRUST FOR ADB N/A
57. ADB & RMB TERM TRUST N/A
58. NICHOLAS SHERMAN BUXTON TRUST N/A
59. HENRY M. BUXTON IRREV. TRUST N/A
60. WALLACE C. DAYTON REVOCABLE TR. Private Investor
61. WCD 1978 GRANDCHILDREN'S TRUST N/A
62. MARY LEE DAYTON REVOCABLE TR. Private Investor
63. SALLY D. CLEMENT REVOCABLE TR. Therapist
64. 1983 SDC CHILDREN'S TRUST N/A
65. SDC-SMC 1985 CHAR. TERM TRUST N/A
66. STEPHEN M. CLEMENT III Educator
67. THEODORE D. CLEMENT Minor
68. THEODORE D. CLEMENT TRUST N/A
69. THEODORE D. CLEMENT EXCLUS. TR. N/A
70. WINSTON W. CLEMENT Minor
71. WINSTON W. CLEMENT TRUST N/A
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<CAPTION>
NAME OF PARTNER OCCUPATION
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<C> <S> <C>
72. WINSTON W. CLEMENT EXCLUS. TR. N/A
73. ELLEN D. STURGIS REVOCABLE TR. Private investor
74. EDS 1978 FAMILY TRUST N/A
75. ELLEN 1985 CHAR. TERM TRUST N/A
76. SHELDON S. STURGIS REVOC. TR. President,
ESCO Industries
77. MATTHEW D. STURGIS Minor
78. MATTHEW D. STURGIS TRUST N/A
79. MATTHEW D. STURGIS EXCLUS. TR. N/A
80. KATHERINE L. STURGIS Private Investor
81. KATHERINE L. STURGIS TRUST N/A
82. KATHERINE L. STURGIS EXCL. TR. N/A
83. ROSAMOND G. STURGIS Minor
84. ROSAMOND G. STURGIS TRUST N/A
86. ROSAMOND G. STURGIS EXCL. TR. N/A
87. KATHERINE D. NIELSEN REVOC. TR. Private Investor
88. KDN 1980 FAMILY TRUST N/A
89. KATHERINE 1984 CHAR TERM TRUST N/A
90. STUART A. NIELSEN Artist
91. SAMUEL D. RICHARDSON Minor
92. SAMUEL D. RICHARDSON TRUST N/A
93. SAMUEL D. RICHARDSON EXCL. TR. N/A
94. OLIVIA MAREN NIELSEN Minor
95. OLIVA M. NIELSEN IRREV. TRUST N/A
96. ELIZABETH D. DOVYDENAS Private Investor
97. EDD 1980 FAMILY TRUST N/A
98. JOHN D. DOVYDENAS Minor
99. JOHN D. DOVYDENAS EXCLUSION TR. N/A
100. ELENA L. DOVYDENAS Minor
101. ELENA L. DOVYDENAS EXCLUS. TR. N/A
102. K.N. DAYTON REVOCABLE TRUST Private Investor
103. 1983 OAKLEAF TRUST U/A 11-1-83 N/A
104. JULIA W. DAYTON REVOCABLE TR. Private Investor
105. CT WINTON TRUST U/A 8-1-35 N/A
106. JUDSON M. DAYTON REVOCABLE TR. Private Investor
107. JMD 1985 FAMILY TRUST N/A
108. KND 1966 TRUST FOR C & D N/A
109. JMD 1985 CHARITABLE TERM TRUST N/A
110. EJD 1988 TERM TRUST N/A
111. CAROLINE AVERY DAYTON Minor
112. CAROLINE AVERY DAYTON TRUST N/A
</TABLE>
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<CAPTION>
NAME OF PARTNER OCCUPATION
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<C> <S> <C>
113. CAROLINE A. DAYTON EXCLUS. TR. N/A
114. DAVIS WINTON DAYTON TRUST N/A
115. DAVIS W. DAYTON EXCLUSION TR. N/A
116. DUNCAN N. DAYTON REVOCABLE TR. Real Estate Developer
117. DND 1990 FAMILY TRUST N/A
118. KND 1966 TRUST FOR DND N/A
119. DUNCAN N. DAYTON TERM TRUST N/A
120. KATHARINE L. KELLY REVOC. TR. Private Investor
121. DOUGLAS J. DAYTON REVOCABLE TR. President,
Dade, Inc.
(Medical Technology)
122. DAVID D. DAYTON REVOCABLE TR. Engineer,
MTS Systems
(Engineering Firm)
123. NEWTON FAMILY TRUST N/A
124. NEWTON TERM TRUST N/A
125. VANESSA D. DAYTON REVOCABLE TR. Pathologist
126. ISAAC N. DAYTON IRREV. TRUST N/A
127. CALEB F. DAYTON IRREV. TRUST N/A
128. STEVEN J. MELANDER-DAYTON REV. Private Investor
129. SJMD 1985 FAMILY TRUST N/A
130. SJMD 1985 CHAR. TERM TRUST N/A
131. A.M. MELANDER-DAYTON TRUST N/A
132. D.J. MELANDER-DAYTON TRUST N/A
133. JACLYN MELANDER IRREV. TRUST N/A
134. ALLISON MELANDER IRREV. TRUST N/A
135. BRUCE C. DAYTON REVOCABLE TR. Chef
136. PAMELA W. RITZ Private Investor
137. MARGOT S. RITZ IRREV. TRUST N/A
138. CHARLOTTE A. RITZ IRREV. TRUST N/A
139. NICHOLAS J. BRAUN IRREV. TRUST N/A
140. CHRISTOPHER D. BRAUN IR. TRUST N/A
141. DEEANN L. THOMPSON Specialty Retailer
142. BRUCE C. LUECK President and Sole Director
Okabena Investment Services, Inc.
143. BRUCE C. LUECK -- SERVICE PTNR. President and Sole Director
Okabena Investment Services, Inc.
144. GARY S. KOHLER Vice President
Okabena Investment Services, Inc.
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<CAPTION>
NAME OF PARTNER OCCUPATION
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<C> <S> <C>
145. GARY S. KOHLER -- SERVICE PARTNER Vice President
Okabena Investment Services, Inc.
146. GND 1936 TRUST FOR DCD N/A
147. DCD TRUST UNDER WILL N/A
148. DCD 1966 CHARITABLE TRUST N/A
149. DCD 1967 CHARITABLE TRUST N/A
150. EDWARD N. DAYTON TERM TRUST N/A
151. ROBERT J. DAYTON TERM TRUST N/A
152. JOHN W. DAYTON TERM TRUST N/A
153. GBD TRUST FOR BBD N/A
154. GND 1936 TRUST FOR WCD N/A
155. GND 1950 TRUST FOR WCD N/A
156. GBD TRUST FOR WCD N/A
157. SDC 1986 TERM TRUST N/A
158. SDC 1988 TERM TRUST N/A
159. JOHN D. DOVYDENAS TRUST N/A
160. LIUDAS DOVYDENAS TR. FOR JOHN N/A
161. ELENA L. DOVYDENAS TRUST N/A
162. LIUDAS DOVYDENAS TR. FOR ELENA N/A
163. GND 1936 TRUST FOR KND N/A
164. GND 1950 TRUST FOR KND N/A
165. GBD TRUST FOR KND N/A
166. GND 1936 TRUST FOR DJD N/A
167. GND 1950 TRUST FOR DJD N/A
168. GBD TRUST FOR DJD N/A
169. DJD '68 CHAR. TRUST FOR I & C N/A
170. DJD '69 CHAR. TRUST FOR I & C N/A
171. DJD '68 TRUST FOR A & D N/A
172. DJD '69 CHAR. TRUST FOR A & D N/A
173. DJD '68 CHAR. TRUST FOR BDC N/A
174. DJD '69 CHAR. TRUST FOR BCD N/A
175. OKABENA INVESTMENT SERVICES, INC. N/A
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