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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1 TO
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
VALUEVISION INTERNATIONAL, INC.
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(Name of Issuer)
Common Stock, S.01 par value
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(Title of Class of Securities)
92047K 10 7
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(CUSIP Number)
Page 1 of 4 Pages
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CUSIP NO. 92047K 10 7 13G PAGE 2 OF 4 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nicholas M. Jaksich
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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 CITIZENSHIP OR PLACE OF ORGANIZATION:
USA
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5 SOLE VOTING POWER:
1,746,762
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER:
BENEFICIALLY
OWNED BY N/A
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER:
PERSON
WITH 1,746,762
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8 SHARE DISPOSITIVE POWER:
N/A
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
1,746,762
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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: 6.4% (based on number of
outstanding shares as of 2/9/98 -- 26,780,778)
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12 TYPE OF REPORTING PERSON*
IN
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13G(Individuals - continued) PAGE 3 OF 4 PAGES
Item 1(a)
and (b) NAME AND ADDRESS OF ISSUER:
ValueVision International, Inc.
6740 Shady Oak Road
Minneapolis, MN 55344-3433
Item 2(a) NAME OF PERSON FILING: Nicholas M. Jaksich
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
6740 Shady Oak Road
Minneapolis, MN 55344-3433
Item 2(c) CITIZENSHIP: U.S.A.
Item 2(d) TITLE OF CLASS OF SECURITIES: Common Stock, $.01 par value
Item 2(e) CUSIP NUMBER: 92047K 10 7
Item 3 THIS STATEMENT IS NOT FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b).
Item 4(a) AMOUNT BENEFICIALLY OWNED:
1,746,762 shares as of December 31, 1997. (Includes right to
acquire 600,000 shares to pursuant to options which are vested as of
the date hereof.)
Item 4(b) PERCENT OF CLASS:
6.4% percent pursuant to Rule 13d-3(c).
Item 4(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS
(1) Sole power to vote or to direct the vote 1,746,762
(2) Shared power to vote or to direct the vote -0-
(3) Sole power to dispose or to direct the disposition of 1,746,762
(4) Shared power to dispose or to direct the disposition of -0-
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable
Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not Applicable
Item 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not Applicable
Item 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable
Item 9 NOTICE OF DISSOLUTION OF GROUP.
Not Applicable
Item 10 CERTIFICATION.
Not Applicable
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PAGE 4 OF 4 PAGES
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 February 11, 1997. /s/ Nicholas M. Jaksich
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Nicholas M. Jaksich
