UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities and Exchange Act of 1934
(Amendment No. 1 )
Creative Programming and Technology Ventures, Inc.
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(Name of Issuer)
Common Stock, $.01 Par Value
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(Title of Class of Securities)
22528Q109
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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).
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CUSIP No. 22528Q109 Page 2 of 5
1. Name of Reporting Person
Gary Magness
SSN or EIN of Above Person
###-##-####
2. Check the Appropriate Box if a member of a Group
N/A
3. SEC Use Only
4. Citizenship of Place of Organization
United States of America
5. Sole Voting Power
-0-
6. Shared Voting Power
521,000
7. Sole Dispositive Power
521,000
8. Shared Dispositive Power
-0-
9. Aggregate Amount Beneficially Owned by Each Reporting Person
521,000
10. Check box if the Aggregate Amount in Row (9) Excludes Certain
Shares
11. Percent of Class Represented by Amount in Row 9
15.0%
12. Type of Reporting Person
IN
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CUSIP No. 22528Q109 Page 3 of 5
Item 1.
(a) Name of Issuer:
Creative Programming and Technology Ventures, Inc.
(b) Address of Issuer's Principal Executive Offices:
7900 East Union Avenue
Suite 1100
Denver, Colorado 80237
Item 2.
(a) Name of Person Filing: Gary Magness
(b) Address of Principal Business Office or, if none,
Residence:
4643 South Ulster Street
Suite 1520
Denver, Colorado 80237
(c) Citizenship: USA
(d) Title of Class of Securities:
Common Stock, $.01 par value
(e) CUSIP Number:
22528Q109
Item 3. This statement is not filed pursuant to Rule 13d-1(b) or
13d-2(b). N/A
Item 4. Ownership
If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire.
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CUSIP No. 22528Q109 Page 4 of 5
(a) Amount Beneficially Owned:
The Reporting Person reports beneficial ownership of 520,700
shares of the Company's common stock, including:
(i) 265,500 shares of common stock as to which the Reporting Person has
granted a proxy. See Item 6, below.
(ii) 255,500 shares of Series A Convertible Preferred Stock which is
entitled to vote on a share-for-share basis with the common stock
("Series A Convertible Preferred Stock"), and is immediately
convertible into common stock upon payment of a conversion premium of
$5.40 per share.
(b) Percent of Class:
15.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
The Reporting Person has the sole power to vote or direct the vote of
no shares, because the Reporting Person has granted an irrevocable proxy to do
so to Gary R. Vickers.
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the disposition of:
The Reporting Person has the sole power to dispose or to direct the
disposition of 521,000 shares, including:
(i) 255,500 shares of Series A Convertible Preferred Stock which is
immediately convertible into common stock upon payment of a conversion
premium of $5.40 per shares.
(ii) 265,500 shares of common stock.
(iv) shared power to dispose or to direct the disposition of:
n/a
<PAGE>
CUSIP No. 22528Q109 Page 5 of 5
Item 5. Ownership of Five Percent or Less of a Class N/A
Item 6. Ownership of More than Five Percent on Behalf of Another
Person
In May 1996, The Reporting Person, Gary Magness appointed by
irrevocable proxy, Gary R. Vickers his proxy to cast all votes represented by
255,500 shares of Series A Convertible Preferred Stock and 265,500 shares of
Common Stock. Consideration of $500 and other good and valuable consideration
was paid to Mr. Magness on May 28, 1996.
The proxy described in the preceding paragraph expires by its terms on
September 1, 1996.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company N/A
Item 8. Identification and Classification of Members of the Group
N/A
Item 9. Notice of Dissolution of Group N/A
Item 10. Certificate N/A
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
June 19, 1996 /s/ GARY MAGNESS
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Date Gary Magness
