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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Telident, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
879931301
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(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)
February 12, 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 [ ].
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).
Page 1 of 5 pages
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CUSIP No. 879931301
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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
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(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ X ]
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(3) SEC Use Only
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(4) Source of Funds
WC
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) [ ]
N/A
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(6) Citizenship or Place of Organization
Minnesota
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Number of (7) Sole Voting Power 381,333 shares
Shares Bene- ------------------------------------------------------------------
ficially (8) Shared Voting Power shares
Owned by ------------------------------------------------------------------
Each Report- (9) Sole Dispositive Power 381,333 shares
ing Person ------------------------------------------------------------------
With (10) Shared Dispositive Power shares
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
381,333 shares
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
N/A
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(13) Percent of Class Represented by Amount in Row (11)
6.0%
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(14) Type of Reporting Person (See Instructions)
PN
Page 2 of 5 pages
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ITEM 1. SECURITY AND ISSUER
The class of equity securities to which this statement relates is
the common stock of Telident, Inc. (the "Issuer"). The principal executive
offices of the Issuer are located at One Main Street, S.E., Suite 85,
Minneapolis, MN 55414.
ITEM 2. IDENTITY AND BACKGROUND
(a) - (c). This statement is being filed by Okabena Partnership
K, a Minnesota general partnership (the "Reporting Person"). 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, supervisory and portfolio
management to the clients of Okabena Company, a private holding company,
including acting as managing partner of the Reporting Person 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 acquired directly from the Issuer
prior to the Issuer's registration of its common stock on Form 8-A under the
Securities Exchange Act of 1934 on August 12, 1996 a Series C common stock
purchase warrant (the "Warrant") to purchase up to One Hundred Fifty Thousand
(150,000) shares of the Issuer's common stock at a price of $1.00 per share
after April 12, 1997 and until April 12, 2000. The Reporting Person is deemed
to be the beneficial owner of the shares underlying the Warrant as of February
12, 1997. According to the Issuer's Form 10-QSB, at 10/31/96 it had 6,154,293
shares of common stock outstanding. When adjusted for the 150,000 shares
underlying the Warrant in accordance with Rule 13D-3(d)(1)(i), the calculation
herein is based on 6,304,293 shares.
Page 3 of 5 pages
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On February 18, 1997 the Reporting Person sold 24,000 shares at
$1.67 per share and on February 19, 1997 sold 11,000 shares at $1.14, and on
February 21, 1997 sold 10,000 shares at $1.13 all in open market transactions.
(d). Except as set forth above, the Reporting Person has not effected
any transactions in the Issuer's common stock in the past 60 days.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIP WITH RESPECT
TO THE SECURITIES OF THE ISSUER
The Issuer has granted demand and incidental registration rights to
the Reporting Person which under certain circumstances may result in the shares
underlying the Warrant, if exercised, to be registered under the Securities Act
of 1933, as amended.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A: General Partners of the Reporting Person.
Page 4 of 5 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: February 21, 1997 OKABENA PARTNERSHIP K
By: Okabena Investment Services, Inc.
Its Managing Partner
By: /s/ Gary S. Kohler
-----------------------------------
Gary S. Kohler, Vice President
Page 5 of 5 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 Investment Services, Inc., 5140 Norwest Center, 90 South Seventh Street,
Minneapolis, MN 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.
NAME OF PARTNER OCCUPATION
1. Orchard Trust U/A 5-27-70 LJD, END, N/A
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 Tr. Private Investor
19. James G. Dayton Architect
20. RJD Trust for James N/A
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NAME OF PARTNER OCCUPATION
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
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
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NAME OF PARTNER OCCUPATION
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
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
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NAME OF PARTNER OCCUPATION
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
85. Rosamond G. Sturgis Excl. Tr. N/A
86. Katherine D. Nielsen Revoc. Tr. Private Investor
87. KDN 1980 Family Trust N/A
88. Katherine 1984 Char. Term Trust N/A
89. Stuart A. Nielsen Artist
90. Samuel D. Richardson Minor
91. Samuel D. Richardson Trust N/A
92. Samuel D. Richardson Excl. Tr. N/A
93. Olivia Maren Nielsen Minor
94. Olivia M. Nielsen Irrev. Trust N/A
95. Elizabeth D. Dovydenas Private Investor
96. EDD 1980 Family Trust N/A
97. John D. Dovydenas Minor
98. John D. Dovydenas Exclusion Tr. N/A
99. Elena L. Dovydenas Minor
100. Elena L. Dovydenas Exclus. Tr. N/A
101. K.N. Dayton Revocable Trust Private Investor
102. 1983 Oakleaf Trust U/A 11-1-83 N/A
103. Julia W. Dayton Revocable Tr. Private Investor
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NAME OF PARTNER OCCUPATION
104. C.J. Winton Trust U/A 8-1-35 N/A
105. Judson M. Dayton Revocable Tr. Private Investor
106. JMD 1985 Family Trust N/A
107. KND 1966 Trust for C&D N/A
108. JMD 1985 Charitable Term Trust N/A
109. EJD 1988 Term Trust N/A
110. Caroline Avery Dayton Minor
111. Caroline Avery Dayton Trust N/A
112. Caroline A. Dayton Exclus. Tr. N/A
113. Davis Winton Dayton Trust N/A
114. Davis W. Dayton Exclusion Tr. N/A
115. Duncan N. Dayton Revocable Tr. Real Estate Developer
116. DND 1990 Family Trust N/A
117. KND 1966 Trust for DND N/A
118. Duncan N. Dayton Term Trust N/A
119. Katharine L. Kelly Revoc. Tr. Private Investor
120. Douglas J. Dayton Revocable Trust President, Dade, Inc. (Medical
Technology)
121. David D. Dayton Revocable Tr. Engineer, MTS Systems
(Engineering Firm)
122. Newton Family Trust N/A
123. Newton Term Trust N/A
124. Vanessa D. Dayton Revocable Trust Pathologist
125. Isaac N. Dayton Irrev. Trust N/A
126. Caleb F. Dayton Irrev. Trust N/A
127. Steven J. Melander-Dayton Rev. Private Investor
128. SJMD 1985 Family Trust N/A
129. SJMD 1985 Char. Term Trust N/A
130. A.M. Melander-Dayton Trust N/A
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NAME OF PARTNER OCCUPATION
131. D.J. Melander-Dayton Trust N/A
132. Jaclyn Melander Irrev. Trust N/A
133. Allison Melander Irrev. Trust N/A
134. Bruce C. Dayton Revocable Tr. Chef
135. Pamela W. Ritz Private Investor
136. Margot S. Ritz Irrev. Trust N/A
137. Charlotte A. Ritz Irrev. Trust N/A
138. Nicholas J. Braun Irrev. Trust N/A
139. Christopher D. Braun Ir. Trust N/A
140. Deeann L. Thompson Specialty Retailer
141. Bruce C. Lueck President and Sole Director
Okabena Investment Services,
Inc.
142. Bruce C. Lueck - Service Ptnr. President and Sole Director
Okabena Investment Services,
Inc.
143. Gary S. Kohler Vice-President
Okabena Investment Services,
Inc.
144. Gary S. Kohler - Service Partner Vice-President
Okabena Investment Services,
Inc.
145. GND 1936 Trust for DCD N/A
146. DCD Trust Under Will N/A
147. DCD 1966 Charitable Trust N/A
148. DCD 1967 Charitable Trust N/A
149. Edward N. Dayton Term Trust N/A
150. Robert J. Dayton Term Trust N/A
151. John W. Dayton Term Trust N/A
152. GBD Trust for BBD N/A
153. GND 1936 Trust for WCD N/A
154. GND 1950 Trust for WCD N/A
155. GBD Trust for WCD N/A
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NAME OF PARTNER OCCUPATION
156. SDC 1986 Term Trust N/A
157. SDC 1988 Term Trust N/A
158. John D. Dovydenas Trust N/A
159. Liudas Dovydenas Tr. for John N/A
160. Elena L. Dovydenas Trust N/A
161. Liudas Dovydenas Tr. for Elena N/A
162. GND 1936 Trust for KND N/A
163. GND 1950 Trust for KND N/A
164. GBD Trust for KND N/A
165. GND 1936 Trust for DJD N/A
166. GBD Trust for DJD N/A
167. DJD '68 Char. Trust for I&C N/A
168. DJD '69 Char. Trust for I&C N/A
169. DJD '68 Trust for A&D N/A
170. DJD '69 Char. Trust for A&D N/A
171. DJD '68 Char. Trust for BDC N/A
172. DJD '69 Char. Trust for BDC N/A
173. Okabena Investment Services, Inc. N/A
174. GND 1950 Trust for DJD N/A
