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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
COMMUNITY FIRST BANKSHARES, INC.
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
(Title of Class of Securities)
203902 10 1
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(CUSIP Number)
Patrick Delaney
Lindquist & Vennum P.L.L.P.
4200 IDS Center
80 South Eighth Street
Minneapolis, Minnesota 55402
TELEPHONE: (612) 371-3211
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
JULY 30, 1997
(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 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 in 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 4 Pages
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CUSIP No. 203902 10 1
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Dennis M. Mathisen
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) / /
(b) / /
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See instructions) N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES
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7 SOLE VOTING POWER 1,281,705
NUMBER OF -----------------------------------------
SHARES 8 SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY -----------------------------------------
9 SOLE DISPOSITIVE POWER 1,281,705
EACH
REPORTING
PERSON -----------------------------------------
WITH 10 SHARED DISPOSITIVE POWER -0-
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,281,705
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
(See instructions)
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.88%
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14 TYPE OF REPORTING PERSON (See instructions) IN
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Page 2 of 4 Pages
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Item 1. SECURITY AND ISSUER
The class of equity securities to which this Amendment No. 2 to Schedule
13D relates is the Common Stock, par value $.01 per share (the "Common Stock"),
of Community First Bankshares, Inc. (the "Company"). The address of the
principal executive office of the Company is 520 Main Avenue, Fargo, North
Dakota 58124-0001.
Item 5. INTEREST IN SECURITIES OF THE ISSUER
(c) The purpose of this filing is to report three sales by Mr. Mathisen of
an aggregate 200,000 shares of Common Stock of the Company in July 1997. The
sales were effected in open market transactions. The Company's shares are
traded on the Nasdaq National Market. As a result of the sales, the remaining
1,281,705 shares beneficially owned by Mr. Mathisen represent approximately
6.88% of the currently outstanding shares of Common Stock of the Company. Mr.
Mathisen has sole voting and dispositive power with respect to all of the shares
of Common Stock of the Company that he owns. Set forth below are the respective
sales of Common Stock of the Company made by Mr. Mathisen in July 1997:
Date No. of Shares Sold Price Per Share
---- ------------------ ---------------
07/28/97 50,000 $38.00
07/29/97 50,000 $38.00
07/30/97 100,000 $39.29
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Total: 200,000
Remaining
Shares Held: 1,281,705 (6.88%)
Page 3 of 4 Pages
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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.
Date: September 22, 1997 /s/ Dennis M. Mathisen
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Dennis M. Mathisen
Page 4 of 4 Pages
