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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
SUNRISE PRESCHOOLS, INC.
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(Name of Issuer)
Common Stock Par Value $.01
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(Title of Class of Securities)
867693-10-3
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(CUSIP Number)
Buffy Owens, Sunrise Preschools, Inc.
9128 E. San Salvador Dr., #200, Scottsdale, AZ 85258
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications) (602) 860-1611
January 7, 1997
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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 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.)
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).
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SCHEDULE 13
CUSIP No. 867693-10-3 Page 2 of __ Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Barbara Louise Owens
###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
Not Applicable
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
Not applicable
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. Citizen
NUMBER 7 SOLE VOTING POWER
OF 152,993
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED -0-
BY
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 152,993
PERSON
WITH 10 SHARED DISPOSITIVE POWER
-0-
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
152,993
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
Not Applicable
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.75%
14 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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CUSIP NO. 867693-10-3 Page 3 of 4
ITEM 1 SECURITY AND ISSUER
The title of the class of equity securities to which this statement relates is
the common stock, $.01 par value of Sunrise Preschools, Inc., a Delaware
corporation. The principal executive offices of Sunrise are located at 9128
East San Salvador Drive, Suite 200, Scottsdale, Arizona, 85258.
ITEM 2 IDENTITY AND BACKGROUND
(a) Barbara Louise Owens
(b) Sunrise Preschools, Inc.
9128 East San Salvador Drive, Suite 200
Scottsdale, Arizona, 85258
(c) Executive Vice-President
Sunrise Preschools, Inc.
9128 East San Salvador Drive, Suite 200
Scottsdale, Arizona, 85258
Sunrise Preschools, Inc. operates preschools that offer
comprehensive child care services primarily for children ages six
weeks to twelve years.
(d) During the last five years, Ms. Owens has not been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, Ms. Owens has not 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 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) United States citizen
ITEM 3 SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Ms. Owens beneficially owns 5,443 shares of Common Stock and 147,550 shares of
Common Stock issuable upon the exercise of stock options with purchase prices
ranging from $.50 per share to $1.375 per share (the "Options").
All of the 5,443 shares of Common Stock beneficially owned by Ms. Owens were
purchased with personal funds. Of these shares, 143 were purchased on November
6, 1995 for an aggregate purchase price of $143; 2,000 were purchased on June
16, 1995 at an aggregate purchase price of $3,500; 1,000 were purchased on
November 11, 1988 at an aggregate price of $930; 2,100 shares were purchased on
January 20, 1988 at an aggregate price of $3,990; and 200 shares were purchased
on September 14, 1987 at an aggregate price of $600.
If, at some point in the future, Ms. Owens exercises some or all of the Options
to purchase Common Stock, the funds used to make the purchase may come either
from personal funds or through a bank loan.
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CUSIP NO. 867693-10-3 Page 4 of 4
ITEM 4 PURPOSE OF TRANSACTION
The shares acquired are for the purposes of investment. Depending on Ms. Owens
future evaluations of the business prospects of Sunrise, Ms. Owens may increase
or decrease her investment in the Company by acquiring additional Common Stock,
(through exercise of some or all of the Options, or by the purchase of shares
on the open market), or by disposing of all or a portion of her Common Stock.
Except as set forth above in Item 3 or this Item 4, Ms. Owens has no present
plans or proposals which relate to or would result in any of the actions
specified in clauses (a) through (j) of Item 4 of Schedule 13D.
ITEM 5 INTEREST IN THE SECURITIES OF THE ISSUER
(a) As of the date hereof, Ms. Owens beneficially owned, for purposes
of Rule 13(d)(3) of the Securities and Exchange Act of 1934 (the
"Act"), 152,993 shares of Common Stock, constituting 4.75% of the
issued and outstanding shares of Common Stock (such amount includes
5,443 shares of Common Stock and 147,550 shares of Common Stock
issuable upon the exercise of the Options.
(b) Ms. Owens has the sole power to vote and dispose of 152,993 shares
of Common Stock and Options.
(c) Not applicable
(d) Not applicable
(e) On January 7, 1997, as a result of the issuance of additional
shares of Common Stock by Sunrise Preschools, Inc., Ms. Owens
ceased to be the beneficial owner of more than five percent of the
company's Common Stock.
ITEM 6 CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
There are no contracts, arrangements, understandings or relationships (legal or
otherwise) between Ms. Owens and any other person with respect to any
securities of the Company including but not limited to transfer or voting of
any such securities, finder's fees, joint ventures, loan or option arrangements,
put or calls, guarantees of profits, division of profits or loss, or the giving
or withholding of proxies.
ITEM 7 MATERIAL TO BE FILED AS EXHIBITS
Not applicable
SIGNATURE
After reasonable inquiry and to the best of may knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: 2/20/97
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Signature: /s/ Barbara Louise Owens
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Barbara Louise Owens
Executive Vice-President
SUNRISE PRESCHOOLS, INC.
