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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Amendment No. 4)*
Under the Securities Exchange Act of 1934*
Health Fitness Physical Therapy, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
42217V102
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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
(612) 339-7151
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(Name, Address and Telephone Number of Person Authorized
to receive Notices and Communications)
August 1, 1996
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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 this statement [ ]. (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 less than five percent 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 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 4 pages
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CUSIP No. 42217V102
________________________________________________________________________________
(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
________________________________________________________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ X ]
________________________________________________________________________________
(3) SEC Use Only
________________________________________________________________________________
(4) Source of Funds
WC
________________________________________________________________________________
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [ ]
N/A
________________________________________________________________________________
(6) Citizenship or Place of Organization
Minnesota
________________________________________________________________________________
Number of (7) Sole Voting Power 472,856 shares
Shares Bene- __________________________________________________________________
ficially (8) Shared Voting Power 0 shares
Owned by
Each Report- (9) Sole Dispositive Power 472,856 shares
ing Person __________________________________________________________________
With (10) Shared Dispositive Power 0 shares
________________________________________________________________________________
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
472,856 shares
________________________________________________________________________________
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
N/A
________________________________________________________________________________
(13) Percent of Class Represented by Amount in Row (11)
6.66%
________________________________________________________________________________
(14) Type of Reporting Person (See Instructions)
PN
Page 2 of 4 pages
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SCHEDULE 13D
This Amendment No. 4 amends the original Schedule 13D filed August 10, 1995,
Amendment No. 1 filed October 10, 1995, Amendment No. 2 filed April 12, 1996 and
Amendment No. 3 filed April 23, 1996.
ITEM 1. SECURITY AND ISSUER
Common Stock.
HEALTH FITNESS PHYSICAL THERAPY, INC., a Minnesota corporation
3500 West 80th Street, Suite 200
Bloomington, MN 55831
ITEM 2. IDENTITY AND BACKGROUND
Okabena Partnership K,
a Minnesota general partnership
Principal business is investment
Principal business and office address is 5140 Norwest Center,
90 South Seventh Street, Minneapolis, MN 55402-4139
Item 2 (d) - N/A
Item 2 (e) - N/A
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATION
Working Capital
ITEM 4. PURPOSE OF TRANSACTION
For investment.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
The Reporting Person has agreed to convert the Issuer's $500,000 Convertible
Note (see Amendment No. 3 to Schedule 13D), due August 1, 1996, plus accrued
interest, into 222,856 shares of common stock. The Reporting Person continues
to hold the Issuer's April 1995 Warrant (see original Schedule 13D) to purchase
250,000 shares of common stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit A - General Partners of Okabena Partnership K.
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.
AUGUST 2, 1996 OKABENA PARTNERSHIP K
By: Okabena Investment Services, Inc.
Its: Managing Partner
By: /s/ Gary S. Kohler
------------------------------
Gary S. Kohler, Vice President
Page 4 of 4 pages
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EXHIBIT A
ITEM 2. IDENTITY AND BACKGROUND
Set forth below is a list of the partners of Okabena Partnershp K and their
respective occupations. The business address for each partner is c/o Okabena
Company, 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, RJD, JWD Trustees N/A
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
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NAME OF PARTNER OCCUPATION
19. James G. Dayton Architect
20. RJD Trust for James N/A
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
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NAME OF PARTNER OCCUPATION
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
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
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NAME OF PARTNER OCCUPATION
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
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
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NAME OF PARTNER OCCUPATION
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
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
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NAME OF PARTNER OCCUPATION
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
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.
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NAME OF PARTNER OCCUPATION
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
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
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NAME OF PARTNER OCCUPATION
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 BCD N/A
173. Okabena Investment Services, Inc. N/A
174. GND 1950 Trust for DJD N/A