U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
o Check this box if no longer
subject to Section 16.
Filed pursuant to Section 16(a) of the Securities
Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment
Company Act of 1940
Form 4 or Form 5
obligations may continue.
See Instruction 1(b).
1. Name and Address of Reporting Person:
Richard D. Surber
268 West 400 South - Suite 300
Salt Lake City, Utah 84101
2. Issuer Name and Ticker or Trading Symbol:
Kelly's Coffee Group, Inc.
OTC-Bulletin Board Symbol = KLYS
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Statement for Month/Year:
March 2000
5. If Amendment, Date of Original(Month/Year):
6. Relationship of Reporting Person to Issuer (Check all applicable):
_____ Director __X_____10% Owner
_____ Officer(give title below) __X___Other (specify below)
Surber owns 15.9% and has beneficial ownership of an additional 21.3% (as
President of companies owning said shares) for a total of 37.2%.
<TABLE>
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<CAPTION>
1.Title of
Security 2. Transaction 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature
(Instr. 3) Date Code or Disposed of (D) Securities Form: of Indirect
(Month/Day/Year) (Instr. 8) (Instr. 3, 4 and 5) Beneficially Direct (D) or Beneficial
Owned at End Indirect (I) Ownership
of Month (Instr. 4) (Instr. 4)
(Instr. 3 and 4)
(A) or
Code V Amount (D) Price
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock March 1, 2000 S 49,000 D $0.3321 19,277,330 I Canton
Financial
Common Stock March 6, 2000 S V 63,000 D $0.5330 19,277,330 I Hudson
Consulting
Common Stock March 9, 2000 S V 25,000 D $0.7748 19,277,330 I Hudson
Consulting
Common Stock March 9, 2000 S V 3,600 D $0.7871 19,277,330 I Hudson
Consulting
Common Stock March 9, 2000 S V 1,000 D $0.7650 19,277,330 I Hudson
Consulting
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1474 (8-92)
<PAGE>
Common Stock March 9, 2000 S V 98,500 D $0.7125 19,277,330 I Hudson
Consulting
Common Stock March 10, 2000 S V 97,000 D $0.5332 19,277,330 I Hudson
Consulting
Common Stock March 10, 2000 S V 20,000 D $0.8600 19,277,330 I Hudson
Consulting
Common Stock March 10, 2000 S V 85,300 D $0.8629 19,277,330 I Hudson
Consulting
Common Stock March 10, 2000 S V 153,000 D $0.3684 19,277,330 I Hudson
Consulting
Common Stock March 13, 2000 S V 129,300 D $1.5324 19,277,330 I Hudson
Consulting
Common Stock March 13, 2000 S V 26,000 D $1.3438 19,277,330 I Hudson
Consulting
Common Stock March 14, 2000 S V 92,500 D $1.4353 19,277,330 I Hudson
Consulting
Common Stock March 14, 2000 S V 50,000 D $1.0300 19,277,330 I Hudson
Consulting
Common Stock March 14, 2000 P V 2,500 D $0.9493 19,277,330 I Hudson
Consulting
Common Stock March 14, 2000 S V 14,000 D $0.9291 19,277,330 I Hudson
Consulting
Common Stock March 15, 2000 S V 77,000 D $0.8532 19,277,330 I Hudson
Consulting
Common Stock March 16, 2000 S V 16,500 D $0.5600 19,277,330 I Hudson
Consulting
Common Stock March 16, 2000 S V 180,240 D $0.5818 19,277,330 I Hudson
Consulting
Common Stock March 17, 2000 S V 173,800 D $0.5527 19,277,330 I Hudson
Consulting
Common Stock March 17, 2000 S V 25,000 D $0.5129 19,277,330 I Hudson
Consulting
Common Stock March 20, 2000 S V 86,000 D $0.6302 19,277,330 I Hudson
Consulting
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1474 (8-92)
Page 2
<PAGE>
Common Stock March 20, 2000 S V 60,000 D $0.6979 19,277,330 I Hudson
Consulting
Common Stock March 21, 2000 S V 60,500 D $0.6979 19,277,330 I Hudson
Consulting
Common Stock March 21, 2000 S V 7,500 D $0.7200 19,277,330 I Hudson
Consulting
Common Stock March 22, 2000 S V 121,500 D $0.6108 19,277,330 I Hudson
Consulting
Common Stock March 23, 2000 S V 66,000 D $0.6000 19,277,330 I Hudson
Consulting
Common Stock March 24, 2000 S V 44,000 D $0.4940 19,277,330 I Hudson
Consulting
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1474 (8-92)
Page 3
</TABLE>
<PAGE>
<TABLE>
FORM 4(continued) Table II -- Derivative
Securities Acquired, Disposed of, or
Beneficially Owned (e.g., puts, calls,
warrants, options, convertible
securities)
<CAPTION>
1. Title of 2. Conversion or 3. Transaction 4. Trans- 5. Number of 6. Date 7. Title and 8. Price
Derivative Exercise Price of Date (Month/ action Derivative Exercisable and Amount of of
Security Derivative Day/Year) Code Securities Expiration Date Underlying Deriv-
(Instr. 3) Security (Instr. 8) Acquired (A) or (Month/ Securities ative
Disposed of (D) Day/Year) (Instr. 3 and 4) Security
(Instr. 3, 4,& 5) (Instr.5)
Date Expir- Amt.. or
Code V (A) (D) Exer- ation Title No.of
cisable Date Shares
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
</TABLE>
Table II (continued)
9. Number 10.Owner- 11. Nature
of ship Form of
Derivative of Indirect
Securities Derivative Beneficial
Beneficially Security: Owner-
Owned at Direct (D) ship
End of or Indirect (Instr. 4)
Month (I)
(Instr. 4) (Instr. 4
Explanation of Responses:
Pursuant to Section 16(a) of the Securities Exhchange Act of 1934, this filing
shall not be deemed an admission that Richard D. Surber is, for purposes of
Section 16 of the Act or otherwise, the beneficial owner of any equity
securities covered by this statement.
** Intention misstatements or omission of facts constitute
Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/Richard D. Surber March 28, 2000
------------------------- -------------
**Signature of Richard D. Surber, individually Date
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See Instruction 6 for procedure.
Page 2
SEC 1474 (8-92)