UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13D-2(a)
(AMENDMENT NO. 2 )
GROW BIZ INTERNATIONAL, INC.
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(Name of Issuer)
COMMON STOCK, NO PAR VALUE
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(Title of Class of Securities)
399817 10 5
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(CUSIP Number)
MACKALL, CROUNSE & MOORE, PLC
1400 AT&T TOWER
901 MARQUETTE AVENUE
MINNEAPOLIS, MN 55402-2859
ATTN: G. THOMAS MACINTOSH II, ESQ.
(612) 305-1400
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
MARCH 22, 2000
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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-l(e), 13d-1(f) or 13d-1(g), check the
following box. |_|
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.
(Cover page continued on next two pages)
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SCHEDULE 13D
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CUSIP NO. 399817 10 5
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NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
1 K. JEFFREY DAHLBERG
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
2 (b) [ ]
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3 SEC USE ONLY
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SOURCE OF FUNDS*
4 N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION
6 UNITED STATES
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NUMBER OF SOLE VOTING POWER
SHARES 7 1,083,975
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BENEFICIALLY SHARED VOTING POWER
OWNED BY 8 279,250
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EACH SOLE DISPOSITIVE POWER
REPORTING 9 1,083,975
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PERSON SHARED DISPOSITIVE POWER
WITH 10 279,250
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 1,363,225
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 25.3%
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TYPE OF REPORTING PERSON*
14 IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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ITEM 1. SECURITY AND ISSUER.
This filing relates to the common stock, no par value (the "Common
Stock"), of Grow Biz International, Inc., a Minnesota corporation (the
"Company"). The address of the Company's principal executive office is 4200
Dahlberg Drive, Minneapolis, Minnesota 55422.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is being filed by K. Jeffrey Dahlberg, referred to
herein as the "Reporting Person."
(a) Name: K. Jeffrey Dahlberg
(b) Address: 455 North Ferndale Road, Wayzata, MN 55391
(c) Principal Occupation: Investor
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: United States
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
N/A
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Person currently own the shares set forth on the cover
pages hereof. On March 22, 2000, the Reporting Person entered into stock
transfer agreements with multiple private investors pursuant to which the
Reporting Person sold 700,000 shares of Common Stock (or 13.01% of the
outstanding shares), at $7.00 per share, in a private transaction.
After giving effect to such transfer, the Reporting Person currently
holds the shares of Common Stock set forth on the cover pages hereof for
investment purposes only and not as part of any group.
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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the date hereof, the Reporting Person beneficially owned the
amount of Common Stock set forth below. The percentage set forth below
represents the percentage of the outstanding shares of Common Stock (based on
5,381,119 shares of Common Stock outstanding) represented by the shares of
Common Stock beneficially owned by the Reporting Person.
Percentage of
Shares of Outstanding
Common Stock Common Stock
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1,363,225 25.3
(b) The information set forth in items 7 through 11 of the cover pages
(pages 1-2) hereto is incorporated herein by reference.
(c) On March 22, 2000, the Reporting Person sold the shares mentioned
above. Other than such transaction, the Reporting Person has not undertaken any
transactions with respect to the Common Stock or any security derivative thereof
in the past sixty (60) days.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
None.
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
hereby certify that the information set forth in this statement is true,
complete and correct.
Dated: April 1, 2000
/s/ K. Jeffrey Dahlberg
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K. Jeffrey Dahlberg
