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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Uncle B's Bakery, Inc.
________________________________________________________________________________
(Name of Issuer)
Common Stock, $.01 Par Value
________________________________________________________________________________
(Title of Class of Securities)
904297-10-8
_______________________________________________________________
(CUSIP Number)
William T. Rose, Jr., 441 Dubuque Street, Ellsworth, IA 50075
________________________________________________________________________________
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
June 6, 1996
_______________________________________________________________
(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 [_].
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 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).
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SCHEDULE 13D - AMENDMENT NO. 1
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CUSIP NO. 904297-10-8 PAGE 2 OF 4 PAGES
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
(a) John Trucano ###-##-####
(b) The Food Fund Limited Partnership 41-1674224
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4 OO
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6 USA
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SOLE VOTING POWER
7
NUMBER OF
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8 157,500* Includes 35,000 currently exercisable
warrants
OWNED BY
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EACH SOLE DISPOSITIVE POWER
9
REPORTING
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10 157,500
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 157,500
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 4.3%
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TYPE OF REPORTING PERSON*
14 IN, PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 4 pages
AMENDMENT NO. 1 TO SCHEDULE 13D
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ITEM 1. SECURITY & ISSUER:
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Uncle B's Bakery, Inc. (the "Issuer"), 441 Dubuque Street, Ellsworth, Iowa 50075
Common Stock, Par Value $.01 (the "Shares").
<TABLE>
<CAPTION>
ITEM 2. IDENTITY AND BACKGROUND:
- ---------------------------------
<S> <C> <C> <C>
(a) Name: (i) John Trucano
(a) Name: (ii) The Food Fund Limited Partnership
(b) Business Address: (i) 5730 Smetana Drive #300
Minnetonka, MN 55343
(ii) 5730 Smetana Drive #300
Minnetonka, MN 55343
(c) Occupation: (i) Managing General Partner, The Food Fund
Limited Partnership
(ii) Minnesota limited partnership
(d) Convictions in the last
5 years: None
(e) Securities law violations
in the last 5 years: None
(f) Citizenship: U.S. Citizen
</TABLE>
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION:
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On July 22, 1994, The Food Fund Limited Partnership (the "Partnership")
purchased 25,000 shares of Common Stock of the Issuer for $65,625.00, resulting
in ownership of 172,500 shares of Common Stock of the Issuer. Funds used for the
acquisition of the shares of the Issuer were the Partnership's investment funds
of $5,625.00 and a $60,000.00 unsecured loan from Norwest Bank Minnesota. These
funds were drawn against a $150,000.00 line of credit that the Partnership
maintains with that bank. John Trucano ("Trucano") is general partner of the
Partnership. During the months of June and July, 1996, the Partnership disposed
of 50,000 shares of Common Stock, resulting in beneficial ownership of less
than 5% of the Issuer's Common Stock.
ITEM 4. PURPOSE
- ---------------
The purpose of the Partnership's acquisition of the shares of the Issuer was for
investment. Neither the Partnership nor Trucano had or has any intention of
exerting control over the business or assets of the Issuer.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER:
- ---------------------------------------------
(a) Aggregate number of shares beneficially owned as of the date of this
amendment: 157,500 shares of Common Stock, $.01 par value, (assumes
exercise of currently exercisable warrant) Percentage: 4.1%.
(b) Number of shares with sale voting and disposition power as of the date of
this amendment: 157,500 shares of Common Stock, $.01 par value, (assumes
exercise of currently exercisable warrant)
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Page 4 of 4 pages
(c) Transactions effected since October 13, 1993:
<TABLE>
<CAPTION>
DATE NO. SH PRICE PER SHARE WHEN/HOW EFFECTED
- ---- ------ --------------- ------------------
<S> <C> <C> <C>
10/13/93 50,000 $3.125 Initial Public Offering Purchase
7/7/94 10,000 $3.0625 Open Market Purchase
7/22/94 25,000 $2.625 Open Market Purchase
6/6/96 25,000 $4.30 Sale
6/7/96 5,000 $4.25 Sale
6/27/96 10,000 $4.50 Sale
6/28/96 5,000 $4.25 Sale
7/2/96 5,000 $4.125 Sale
</TABLE>
(d) None
(e) The reporting person ceased to be the beneficial owner of more than 5% of
the Issuer's Common Stock on June 6, 1996.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER:
None
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS:
None
SIGNATURES
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After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true and complete.
Dated: January 27, 1997 /s/ John Trucano
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John Trucano
Dated: January 27, 1997 THE FOOD FUND LIMITED PARTNERSHIP
/s/ John Trucano
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John Trucano
Its: General Partner
