SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _2_)*
Ringer Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
766907109
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(CUSIP Number)
*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 7 Pages
<PAGE>
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CUSIP No. 766907109 Page 2 of 7 Pages
---------------- --------- ----------
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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
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
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NUMBER OF 5 SOLE VOTING POWER
SHARES 648,163
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
--------- --------------------------------------------
6 SHARED VOTING POWER
0
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7 SOLE DISPOSITIVE POWER
648,163
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
648,163
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.04%
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12 TYPE OF REPORTING PERSON*
PN
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<PAGE>
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CUSIP No. 766907109 Page 3 of 7 Pages
------------------- ---------- ----------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gordon F. Stofer
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
- ------------------------- --------- --------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 12,648
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
--------- --------------------------------------------
6 SHARED VOTING POWER
648,163
--------- --------------------------------------------
7 SOLE DISPOSITIVE POWER
32,648 (inclds 20,000 shrs obtainable upon
exer. of options/warrants)
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8 SHARED DISPOSITIVE POWER
648,163
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
680,811 (inclds 20,000 shrs obtainable upon exercise of options or
warrants)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.24%
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12 TYPE OF REPORTING PERSON*
IN
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<PAGE>
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CUSIP No. 766907109 Page 4 of 7 Pages
------------------- ---------- ----------
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tony J. Christianson
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Minnesota
- ------------------------- --------- --------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
--------- --------------------------------------------
6 SHARED VOTING POWER
648,163
--------- --------------------------------------------
7 SOLE DISPOSITIVE POWER
0
--------- --------------------------------------------
8 SHARED DISPOSITIVE POWER
648,163
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
648,163
- ------------- ------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.04%
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12 TYPE OF REPORTING PERSON*
IN
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<PAGE>
Page 5 of 7
Item 1(a) Name of Issuer
Ringer Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
9555 James Avenue South
Bloomington, MN 55431
Item 2(a) Name of Person Filing:
This statement is filed on behalf of 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 III, Limited Partnerships.
Item 2(b) Address of Principal Business Office or, if none, Residence:
Centennial Lakes Office Park
7601 France Avenue S., Suite 225
Minneapolis, MN 55435
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:
766907109
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 6 of 7
Item 4 Ownership:
(a) Amount Beneficially Owned:
See pages 2, 3, 4 & 5 - Item 9
Mr. Stofer and Mr. Christianson are members of this
group because of their positions as Managing General
Partners of Cherry Tree Ventures III; voting and
control is based on their role as Managing General
Partners of CTV 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:
Cherry Tree Ventures III ceases to be the beneficial owner of
more than 5% of the common stock outstanding.
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 7 of 7
Item 8 Identification and Classification of Members of the Group:
The Group is Cherry Tree Ventures III. Mr. Stofer and Mr.
Christianson are members of this group because of their
positions as Managing General Partners of CTV III; voting and
control is based on their role as Managing General Partners
of CTV III and they disclaim beneficial ownership of those
shares.
Item 9 Notice of Dissolution of Group:
Not applicable.
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 23, 1998 CHERRY TREE VENTURES III
LIMITED PARTNERSHIP
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
