UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No.: N/A
Name of Issuer: Village Green Bookstore, Inc.
Title of Class of Securities: Common Stock, par value $0.001 per share
CUSIP Number: 927077206
Name, Address, and Telephone Number of Person Authorized to Receive Notices
and Communications: Robert F. Ebertz
86 Hallock Rd
Rochester, NY 14624
(716) 247-7777
Date of Event which Requires Filing of this Statement:
January 16, 1998
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this 13D, and is filing this
schedule because of Rule13d-1(b)(3) or (4), check the following box: [ ]
Check the following 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 securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such
class.)
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 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 the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
Page 1 of 5
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SCHEDULE 13D
CUSIP No. 927077206 Page 2 of 5
1. NAME OF REPORTING PERSON
Robert F. Ebertz
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
A [ ] B[ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS
PF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) and 2(e) [ ].
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
7. SOLE VOTING POWER
311,000 shares
8. SHARED VOTING POWER
0 shares
9. SOLE DISPOSITIVE POWER
311,000 shares
10. SHARED DISPOSITIVE POWER
0 shares
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
311,000 shares
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ].
13. PERCENT OF CLASS REPRESENTED IN ROW (11)
8.3%
14. TYPE OF REPORTING PERSON
IN
<PAGE>
ITEM 1. SECURITY AND ISSUER
This statement relates to the Common Stock (par value
$.001) of the Village Green Bookstore, Inc. (a New York
corporation) whose principal executive offices are
located at 1357 Monroe Avenue, Rochester, NY 14618.
ITEM 2. IDENTITY AND BACKGROUND
(a) This schedule 13D is filed by Robert F. Ebertz.
(b) The principal residence of Robert F. Ebertz is located at
86 Hallock Rd., Rochester, NY, 14624.
(c) Robert F. Ebertz is employed as a Senior Financial Analyst at a
Rochester-NY-based Telecommunications company. Robert F. Ebertz has
a B.S. degree in Business Administration & Finance, an M.B.A. degree
in Finance & Corporate Accounting, and an M.S. degree in
Telecommunications. Robert F. Ebertz is also a private investor, with
investment research focusing on (1) metals mining and other natural
resources, (2) telecommunications, and (3) opportunities for "financial
engineering". Robert F. Ebertz also serves as Vice President of the Board
of Directors of an $18 million (assets) Federal Credit Union based in
Rochester, NY.
(d) Robert F. Ebertz has not in the past five years, to the best of his
knowledge, been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) Robert F. Ebertz has not in the past five years, to the
best of his knowledge, been a party to a civil
proceeding of a judicial or administrative body of
competent jurisdiction, and as a result of such a
proceeding, is not 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) Robert F. Ebertz is a citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Robert F. Ebertz has purchased an aggregate of 311,000 shares of
Common Stock (par $.001 per share) for a total amount of $7,840
(excluding brokerage commissions) as of January 22, 1998. The purchases
were financed with personal funds.
Page 3 of 5
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ITEM 4. PURPOSE OF TRANSACTION
The shares of Common Stock held by Robert F. Ebertz were acquired for,
and are being held for, investment purposes.
Robert F. Ebertz wishes to serve on the Board of Directors of the
Subject Company, either through an existing board vacancy (if any), or
through a position to be created by the expansion of the board.
Robert F. Ebertz is staunchly opposed to any issuance of new Common
Stock by the Subject Company (and the resulting dilution to existing
stockholders) at the current market price of the Common Stock. In
the opinion of Robert F. Ebertz, the current market capitalization of
the Subject Company does not reflect even the value of a "public shell".
Robert F. Ebertz reserves the right to reconsider this position at any
time.
Robert F. Ebertz has considered various alternatives to increase the
value of his Common Stock holdings and may occasionally consider
implementing such alternatives. Although Robert F. Ebertz does not
CURRENTLY intend to implement such alternatives, he does reserve the
right to change his intentions at any time, to acquire additional
shares at any time, or to sell or otherwise dispose of any shares
beneficially owned by him at any time. Any material change in the
intentions of Robert F. Ebertz, or any change in his share ownership
of the Subject Company, would be reflected in an amended 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As of the close of business on January 22, 1998, Robert F. Ebertz
beneficially owned a total of 311,000 shares of Common Stock (par
$0.001 per share). If 3,741,355 shares of Common Stock are outstanding
(as reported in the Subject Company's 10Q filed on Sept 22, 1997), then
the holdings of Robert F. Ebertz approximate 8.31% of this class of
securities.
The following table sets forth all transactions in the Common Stock that
were effected during the past sixty days by Robert F. Ebertz. All such
transactions were purchases, effected in the open market:
PURCHASE DATE NO.SHARES PRICE/SHARE* TOTAL PRICE*
------------- --------- ----------- ------------
Dec 5, 1997 30,000 0.030 $ 900.00
Dec 5, 1997 11,000 0.030 $ 330.00
Dec 10, 1997 25,000 0.025 $ 625.00
Dec 18,1997 80,000 0.020 $1,600.00
Dec 31, 1997 40,000 0.025 $1,000.00
Dec 31, 1997 1,000 0.025 $ 25.00
Jan 16, 1998 20,000 0.025 $ 500.00
Jan 16, 1998 20,000 0.025 $ 500.00
Jan 16, 1998 60,000 0.025 $1,500.00
Jan 20, 1998 10,000 0.030 $ 300.00
Jan 22, 1998 5,000 0.040 $ 200.00
Jan 22, 1998 9,000 0.040 $ 360.00
------- ---------
311,000 $7,840.00
* excludes brokerage commissions.
Page 4 of 5
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ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE
ISSUER
none
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
none
SIGNATURES
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.
Robert F. Ebertz
January 27, 1998 By: /s/ROBERT F. EBERTZ
-----------------------
Robert F. Ebertz
Page 5 of 5
