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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. 3)
Grow Biz International, Inc.
(Name of Issuer)
Common Stock, no par value
(Title of Class of Securities)
399817 10 5
(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 provide 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).
<TABLE>
<CAPTION>
<S> <C>
- ------------------------------------ -----------------------------------
13G
CUSIP NO. 399817 10 5 PAGE 2 OF 4 PAGES
----------------------------------
- -----------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
K. Jeffrey Dahlberg
- -----------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
Not Applicable (b) [ ]
- -----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -----------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -----------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
2,296,675
NUMBER OF
SHARES ----------------------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 274,250
EACH REPORTING
PERSON ----------------------------------------------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
2,296,675
----------------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
274,250
- -----------------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,570,925
- -----------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES *
Not Applicable
- -----------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
41.1%
- -----------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
Individual
- -----------------------------------------------------------------------------------------------------------------
SEE INSTRUCTION BEFORE FILLING OUT!
- -----------------------------------------------------------------------------------------------------------------
</TABLE>
Item 1(a). Name of Issuer:
GROW BIZ INTERNATIONAL, INC.
Item 1(b). Address of Issuer's Principal Executive Offices:
4200 DAHLBERG DRIVE
MINNEAPOLIS, MINNESOTA 55422-4837
Item 2(a). Name of Person Filing:
K. Jeffrey Dahlberg
Item 2(b). Address of Principal Business Office or, if none, Residence:
4200 Dahlberg Drive
Minneapolis, Minnesota 55422-4837
Item 2(c). Citizenship:
UNITED STATES
Item 2(d). Title of Class of Securities:
COMMON STOCK, NO PAR VALUE
Item 2(e). CUSIP Number:
399817 10 5
Item 3. If this statement is filed pursuant to Rules
13d-1(b), or 13d-2(b), check whether the person
filing is a:
NOT APPLICABLE
Item 4. Ownership:
(a) Amount Beneficially Owned: 2,570,925
(b) Percent of Class: 41.1%
(c) Number of Shares as to which such person has:
(i) sole power to vote or to direct the
vote - 2,296,675
(ii) shared power to vote or to direct the
vote - 274,250
(iii) sole power to dispose or to direct the
disposition of -2,296,675
(iv) shared power to dispose or to direct the
disposition of - 274,250
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF CLASS:
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [ ]. 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
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.
February 11, 1997
Date
Signature
K. Jeffrey Dahlberg
Print Name
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