UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ______)*
REALITY INTERACTIVE
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
756048-10-4
---------------------------------
(CUSIP Number)
Richard C. Perkins, 730 East Lake Street, Wayzata, MN 55391 (612) 473-8367
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
January 9, 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 ( ).
Check the following box if a fee is being paid with the statement (X). (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
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
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>
Page 1 of 4 pages
<TABLE>
<CAPTION>
SCHEDULE 13D
CUSIP No. 756048-10-4
<S> <C>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard C. Perkins
###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (X)
(b) ( )
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ( )
ITEMS 2(d) or 2(e)
6 CITIZENSHIP OR PLACE OF ORGANIZATION
730 East Lake Street, Wayzata, MN 55391-1769
7 SOLE VOTING POWER
0
8 SHARED VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 290,000
WITH
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
290,000
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Page 2 of 4 pages
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ( )
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.8%
14 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE AND THE SIGNATURE ATTESTATION
</TABLE>
<PAGE>
Page 3 of 4 pages
Item 1. Security and Issuer
-------------------
(a) Common Stock
(b) Reality Interactive
11200 W. 78th Street, Suite 300
Eden, Prairie, MN 55344
Item 2. Identity and Background
-----------------------
(a) The names of the persons filing are:
Richard C. Perkins
(b) The filing persons' business address is 730 East Lake
Street, Wayzata, MN 55391
(c) Richard C. Perkins is Vice President and Portfolio
Manager of Perkins Capital Management, Inc., an
investment advisor.
(d) The named persons have never been convicted in a criminal
proceeding.
(e) No named person has been a party to any civil proceeding
as a result of which he was or is subject to a judgment,
decree of 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) The named persons are citizens of the United States.
Item 3. Source and Amount of Funds or Other Consideration
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The event requiring the filing of this statement is the
acquisition of securities of the issuer with personal funds.
Item 4. Purpose of the Transaction
--------------------------
Investment in securities of the issuer.
Item 5. Interest in Securities of the Issuer
------------------------------------
Richard C. Perkins beneficially owns 290,000 Warrants convertible
into the Issuer's common stock within 60 days, representing 5.8%
shares of the Common Stock outstanding:
<PAGE>
Page 4 of 4 pages
Mr. Richard C. Perkins, has sole dispositive power over these
290,000 warrants. Mr. Richard C. Perkins has sole voting power
over these warrants, when and if, they are converted into common
shares of the issuer.
Mr. Richard C. Perkins disclaims beneficial interest in the
shares claimed by Perkins Capital Management, Inc. in a separate
13G filing.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
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None
Item 7. Material to be Filed as Exhibits
--------------------------------
None
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: January 9, 1997
By: /s/ Richard C. Perkins
--------------------------
Richard C. Perkins
