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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
Innovative Gaming Corporation of America
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(Name of Issuer)
Common Stock $.01 par value
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(Title of Class of Securities)
45764F 10 7
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the filing 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).
*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 5 Pages
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CUSIP NO. 45764F 10 7 13G PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stanley M. Taube
####-##-####
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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
U.S.A.
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5 SOLE VOTING POWER
18,000
NUMBER OF ---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY N/A
EACH ---------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 18,000
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8 SHARE DISPOSITIVE POWER
N/A
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
18,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* /X/
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 1%
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12 TYPE OF REPORTING PERSON*
IN
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13G(Individuals - continued) PAGE 3 OF 5 PAGES
Item 1(a)
and (b) NAME AND ADDRESS OF ISSUER:
Innovative Gaming Corporation of America
4750 Turbo Circle
Reno, NV 89502
Item 2(a) NAME OF PERSON FILING: Stanley M. Taube
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
130 Cheshire Lane
Minnetonka, MN 55350-1062
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: 45764F 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:
18,000 shares at December 31, 1996. (See Schedule of
Disclaimed Ownership attached as Exhibit A.)
Item 4(b) PERCENT OF CLASS:
Less than 1% 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 18,000
(2) Shared power to vote or to direct the vote -0-
(3) Sole power to dispose or to direct the disposition of 18,000
(4) Shared power to dispose or to direct the disposition of -0-
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Reporting Person owns less than 1% (See Exhibit A attached)
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 5 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 12, 1997. s/ Stanley M. Taube
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Stanley M. Taube
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13G(Individuals - continued) PAGE 5 OF 5 PAGES
EXHIBIT A
To Form 13G (Individual)
The filing of this report shall not be construed as an admission by the person
identified in Item 2(a) that, for the purpose of Section 13(d) or 13(g) of the
Securities Exchange Act, he is the "beneficial owner" of any equity securities
listed below; and such person expressly disclaims that he is part of a "group."
Record Owner's Relationship Record Owner's Number
to Reporting Person Type of Ownership of Shares
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(1) Indirect 1,127,500(2)
(1) These shares are not reported in Item 4(a) and are noted here for
information only. The Shares are beneficially owned by Grand Casinos, Inc., of
which Mr. Taube disclaims beneficial ownership. Mr. Taube is a shareholder,
director and Executive Vice President of Grand Casinos, Inc.
(2) Includes warrant to purchase 102,500 shares, which is fully exercisable at
this time.
