SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _1_)*
Transport Corporation of America
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
- -------------------------------------------------------------------------------
(Title of Class of Securities)
89385P 10 2
-----------------------------------------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with the 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.)
*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 the
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 8 Pages
<PAGE>
SCHEDULE 13G
- ------------------------------------- ------------------
CUSIP No. 89385P 10 2 Page 2 of 8 Pages
--------------------------- ----------- ------
- ------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cherry Tree Ventures II, a limited partnership
FIN: 41-1458311
- ------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X
(b) [ ]
- ------------- -----------------------------------------------------------------
3 SEC USE ONLY
- ------------- -----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
- ------------------------- --------- -------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY
EACH
REPORTING
PERSON
WITH
--------- -------------------------------------------
6 SHARED VOTING POWER
0
--------- -------------------------------------------
7 SOLE DISPOSITIVE POWER
0
--------- -------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ------------- -----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------- -----------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ------------- -----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0
- ------------- -----------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
<PAGE>
- --------------------------------- ---------------------
CUSIP No. 89385P 10 2 Page 3 of 8 Pages
----------------------- ---------- -------
- ------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cherry Tree Ventures III, a limited partnership
FIN: 41-1585020
- ------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X
(b) [ ]
- ------------- -----------------------------------------------------------------
3 SEC USE ONLY
- ------------- -----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
- ------------------------- --------- -------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 535,548
OWNED BY
EACH
REPORTING
PERSON
WITH
--------- -------------------------------------------
6 SHARED VOTING POWER
0
--------- -------------------------------------------
7 SOLE DISPOSITIVE POWER
535,548
--------- -------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ------------- -----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
535,548
- ------------- -----------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ------------- -----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0%
- ------------- -----------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
<PAGE>
- -------------------------------- --------------------------
CUSIP No. 89385 10 2 Page 4 of 8 Pages
----------------------- ---------- ----------
- ------------ ------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gordon F. Stofer
SS#: ###-##-####
- ------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X
(b) [ ]
- ------------- -----------------------------------------------------------------
3 SEC USE ONLY
- ------------- -----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
- ------------------------- --------- -------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY
EACH
REPORTING
PERSON
WITH
--------- -------------------------------------------
6 SHARED VOTING POWER
535,548
--------- -------------------------------------------
7 SOLE DISPOSITIVE POWER
0
--------- -------------------------------------------
8 SHARED DISPOSITIVE POWER
535,548
- ------------- -----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
535,548
- ------------- -----------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ------------- -----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0%
- ------------- -----------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
<PAGE>
- --------------------------------- -----------------------
CUSIP No. 89385 10 2 Page 5 of 8 Pages
----------------------- ---------- ----------
- ------------- -----------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tony J. Christianson
SS#: ###-##-####
- ------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X
(b) [ ]
- ------------- -----------------------------------------------------------------
3 SEC USE ONLY
- ------------- -----------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
- ------------------------- --------- -------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY
EACH
REPORTING
PERSON
WITH
--------- -------------------------------------------
6 SHARED VOTING POWER
535,548
--------- -------------------------------------------
7 SOLE DISPOSITIVE POWER
0
--------- -------------------------------------------
8 SHARED DISPOSITIVE POWER
535,548
- ------------- -----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
535,548
- ------------- -----------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ------------- -----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0%
- ------------- -----------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
<PAGE>
Page 6 of 8
Item 1(a) Name of Issuer
Transport Corporation of America
Item 1(b) Address of Issuer's Principal Executive Offices:
1769 Yankee Doodle Road
Eagan, Minnesota 55121
Item 2(a) Name of Person Filing:
This statement is filed on behalf of Cherry Tree Ventures II
and Cherry Tree Ventures III, Limited Partnerships and on
behalf of Gordon F. Stofer and Tony J. Christianson who are
Managing General Partners of Cherry Tree Ventures II and
Cherry Tree III, Limited Partnerships.
Item 2(b) Address of Principal Business Office or, if none, Residence:
1400 Northland Plaza
3800 West 80th Street
Minneapolis, MN 55431
Each of Gordon F. Stofer and Tony J. Christianson has the
above address.
Item 2(c) Citizenship: Partnerships are organized in Minnesota.
Each of Gordon F. Stofer and Tony J. Christianson is a
citizen of the United States.
Item 2(d) Title of Class of Securities:
Common Stock
Items 2(e) CUSIP Number:
89385P 10 2
Item 3 If this Statement is Filed Pursuant to Rules 13d-1(b), or
13d-2(d), Check Whether the Person Filing is a:
Not Applicable.
<PAGE>
Page 7 of 8
Item 4 Ownership:
(a) Amount Beneficially Owned:
See pages 2, 3, 4 & 5 - Item 9
Mr. Christianson and Mr. Stofer are members of this
group because of their positions as Managing General
Partners of Cherry Tree Ventures II and III; voting
and control is based on their role as Managing
General Partners of Cherry Tree Ventures
II and III and they disclaim beneficial ownership of
those shares.
(b) Percent of Class:
See pages 2, 3, 4 & 5 - Item 11
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
see pages 2, 3, 4 & 5, Items 5-8
(ii) shared power to vote or to direct the vote:
see pages 2, 3, 4 & 5, Items 5-8
(iii) sole power to dispose or to direct the
disposition of:
see pages 2, 3, 4 & 5, Items 5-8
(iv) shared power to dispose or to direct the
disposition of:
see pages 2, 3, 4 & 5, Items 5-8
Item 5 Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6 Ownership of More than Five Percent on Behalf of Another
Person:
Not Applicable.
Item 7 Identification and Classificaiton of the Subsidiary Which
Acquired the Security Being Reported on by the
Parent Holding Company:
Not Applicable.
<PAGE>
Page 8 of 8
Item 8 Identification and Classification of Members of the Group:
The Group is Cherry Tree Ventures II and Cherry Tree Ventures
III. Mr. Stofer and Mr. Christianson are members of this Group
because of their positions as Managing General Partners of
Cherry Tree Ventures II and Cherry Tree Ventures III, voting
and control is based on their roles as Managing General
Partners of Cherry Tree Ventures II and Cherry Tree Ventures
III and they disclaim beneficial ownership of those shares.
Item 9 Notice of Dissolution of Group:
This is the final report for the member of the group, Cherry
Tree Ventures II; all shares were distributed to partners on
10/29/96.
Item 10 Certification:
Not Applicable.
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: January 30, 1997 CHERRY TREE VENTURES II and
CHERRY TREE VENTURES III,
LIMITED PARTNERSHIPS
By /s/ Tony J. Christianson By /s/ Tony J. Christianson
Tony J. Christianson Tony J. Christianson
Individual Managing General Partner
By /s/ Gordon F. Stofer By /s/ Gordon F. Stofer
Gordon F. Stofer Gordon F. Stofer
Individual Managing General Partner
