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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)*
RSI Systems, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
749927
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(CUSIP Number)
RSI Systems, Inc. Attn: James Hanzlik, CFO
5593 West 78th Street, Edina, MN 55439 612-896-3020
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(Name, Address and Telephone Number of Persons Authorized to
Receive Notices and Communications)
June 29, 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 that is the subject of this Schedule 13D, and is filing this
schedule because of ss 240.13d-1(e), 240.13d-1(f) or 240.13d-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 ss 240.13d-7 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).
PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE
NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL
NUMBER.
<PAGE>
SCHEDULE 13D
CUSIP No. 749927
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1. Name of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Richard F. Craven SSN ###-##-####
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
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3. SEC Use Only
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4. Source of Funds (See Instructions) PF
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items
2(d) or 2(e) [ ]
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6. Citizenship or Place of Organization USA
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Number of 7. Sole Voting Power 1,977,574
Shares Bene- --------------------------------------------------------------
ficially
Owned by Each 8. Shared Voting Power
Reporting --------------------------------------------------------------
Person With
9. Sole Dispositive Power 1,977,574
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10. Shared Dispositive Power
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11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,977,574
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
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13. Percent of Class Represented by Amount in Row (11) 22.5%
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14. Type of Reporting Person (See Instructions)
IN
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<PAGE>
SCHEDULE 13D
CUSIP No. 749927
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Item 1. Security and Issuer
RSI Common Stock, $.01 par value
RSI Systems, Inc.
5593 West 78th St.
Minneapolis, MN 55439
Item 2. Identity and Background
(a) Richard F. Craven
(b) Craven Agency
5200 Wilson Road #200
Edina, MN 55424
(c) Investor
Craven Agency
Real Estate Sales/Investment
5200 Wilson Road #200
Edina, MN 55424
(d) None
(e) None
(f) United States Citizen
Item 3. Source and Amount of Funds and Other Consideration
All funds used in making purchases in RSI Systems, Inc. Common Stock have been
from personal funds of Richard F. Craven.
Item 4. Purpose of Transaction
The purpose of Mr. Craven's acquisitions RSI Systems, Inc. Common Stock has
been for personal investment.
a) None
b) None
c) None
d) None
e) None
f) None
g) None
h) None
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<PAGE>
SCHEDULE 13D
CUSIP No. 749927
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i) None
j) None
Item 5. Interest in Securities of the Issuer
a) Aggregate number of shares owned - 1,977,574
Percentage beneficially owned - 22.5%
b) Sole power to vote - 1,977,574 shares
Sole power to dispose - 1,977,574 shares
c) Transactions summary, last 60 days:
1) Richard F. Craven
2) June 29, 2000
3) 230,964 shares acquired
4) $.67187 per share
5) Conversion of note receivable due from RSI Systems, Inc. to common
stock
1) Richard F. Craven
2) June 28, 2000
3) 297,360 shares acquired
4) $.53125 per share
5) Conversion of note receivable due from RSI Systems, Inc. to common
stock
d) None
e) Not applicable
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer
None
Item 7. Material to be Filed as Exhibits
None
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<PAGE>
SCHEDULE 13D
CUSIP No. 749927
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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.
September 6, 2000
/s/ Richard F. Craven
Richard F. Craven
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