SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Grow Biz International, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
399817 10 5
(CUSIP Number)
Sheldon T. Fleck
5720 Smetana Drive, Suite 330
Minnetonka, Minnesota 55343
(612) 939-3945
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 17, 1999
(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(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) 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 1 of 4 Pages
<PAGE>
SCHEDULE 13D
CUSIP No. 399817 10 5 Page 2 of 4 Pages
1 NAMES OF REPORTING PERSONS/ I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
(ENTITIES ONLY)
Sheldon T. Fleck
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(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
U.S.A.
NUMBER OF 7 SOLE VOTING POWER
SHARES 480,800
BENEFICIALLY
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING 0
PERSON WITH
9 SOLE DISPOSITIVE POWER
480,800
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
480,800
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.4%
14 TYPE OF REPORTING PERSON*
IN
<PAGE>
AMENDMENT NO. 1 TO SCHEDULE 13D
Item 1. Security and Issuer.
This filing relates to Common Stock of Grow Biz International, Inc.
(the "Issuer"), 4200 Dahlberg Drive, Minneapolis, Minnesota 55422-4837.
Item 2. Identity and Background.
(a) No change.
(b) No change.
(c) No change.
(d) No change.
(e) No change.
Item 3. Source and Amount of Funds or Other Consideration.
No change.
Item 4. Purpose of the Transaction.
No change.
Item 5. Interest in Securities of the Issuer.
Sheldon T. Fleck beneficially owns 480,800 shares of Grow Biz
International, Inc. Common Stock representing 9.4% of the shares of
Common Stock outstanding.
Mr. Fleck has sole voting and investment power over all of such shares.
Mr. Fleck effected the following transactions in the Issuer's Common
Stock since his most recent filing on Schedule 13D:
Number of Price Per
Transaction Trade Date Shares Share
Open market purchase 04/05/99 15,000 $11.67
Open market purchase 04/05/99 11,000 $12.0625
Open market purchase 05/06/99 5,000 $10.125
Open market purchase 05/20/99 15,000 $ 9.0625
Open market purchase 05/25/99 5,000 $ 9.0625
Open market purchase 06/17/99 17,700 $ 8.3125
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
None.
<PAGE>
Item 7. Material to be Filed as Exhibits.
None.
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: June 25, 1999.
By: /s/ Sheldon T. Fleck
Sheldon T. Fleck
