-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UQr9vhyeFSqsAU44Ec/RKBZLr7RnfxEYnQ+xukOXb/Lfp0+qVUnaWCLZlhBUStF3 L6xoQNppbHn7bkA8lsBhqg== 0001013176-01-000125.txt : 20010410 0001013176-01-000125.hdr.sgml : 20010410 ACCESSION NUMBER: 0001013176-01-000125 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010404 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BUYERSONLINECOM INC CENTRAL INDEX KEY: 0001087934 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 870528557 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-61369 FILM NUMBER: 1595080 BUSINESS ADDRESS: STREET 1: 14870 PONY EXPRESS ROAD STREET 2: NONE CITY: BLUFFDALE STATE: UT ZIP: 84065 BUSINESS PHONE: 8015238929 MAIL ADDRESS: STREET 1: 14870 PONY EXPRESS ROAD STREET 2: NONE CITY: BLUFFDALE STATE: UT ZIP: 84065 FORMER COMPANY: FORMER CONFORMED NAME: BUI INC DATE OF NAME CHANGE: 19990728 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MALONE KARL CENTRAL INDEX KEY: 0001137337 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 139 EAST SOUTH TEMPLE STREET STREET 2: SUITE 240 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 MAIL ADDRESS: STREET 1: 139 EAST SOUTH TEMPLE STREET STREET 2: SUITE 240 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 SC 13D 1 0001.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ---) BuyersOnline.com, Inc. (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securities) 124276106 (CUSIP Number) Karl Malone c/o Mark Lehman 8 East Broadway, Suite 620 Salt Lake City, Utah 84111 (801) 532-7858 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 21, 2001 (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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [_]. Check the following box if a fee is being paid with the statement [_]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 244.13d-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). CUSIP No. 124276106 Schedule 13 D Page 2 of 5 - ----------------------------------------------------------------- 1. NAME OF REPORTING PERSON, AND I.R.S. IDENTIFICATION NO. OF REPORTING PERSONS (ENTITIES ONLY): Karl Malone - ------------------------------------------------------------------ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_] (b) [_] - ------------------------------------------------------------------ 3. SEC USE ONLY - ------------------------------------------------------------------ 4. SOURCE OF FUNDS: PF - Personal Funds; 00 - Other - ------------------------------------------------------------------ 5. CHECK BOX [_] IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e). - ------------------------------------------------------------------ 6. CITIZENSHIP OR PLACE OF ORGANIZATION: United States citizen - ------------------------------------------------------------------ NUMBER OF 7. SOLE VOTING POWER SHARES 1,100,000 shares (1) BENEFICIALLY 8. SHARED VOTING POWER OWNED BY -0- shares EACH 9. SOLE DISPOSITIVE POWER REPORTING 1,100,000 shares (1) PERSON 10. SHARED DISPOSITIVE POWER WITH -0- shares (1) Consists of 100,000 shares of common stock, 500,000 shares of common stock issuable on conversion of preferred stock and 500,000 issuable on exercise of warrants. - ------------------------------------------------------------------ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 1,100,000 shares - ------------------------------------------------------------------ 12. CHECK BOX [_] IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES. - ------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 21.62% - ------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON: IN Individual - ------------------------------------------------------------------ CUSIP No. 124276106 Schedule 13 D Page 3 of 5 Item 1. Security and Issuer Title of Class of Equity Securities: Common Stock, Par Value $0.0001 Name and Address of Principal Executive Offices of the Issuer: BuyersOnline.com, Inc. 14870 Pony Express Road Bluffdale, Utah 84065 Item 2. Identity and Background (a) Name: Karl Malone (b) Residence or business address: 139 East South Temple Street, Suite # 240 Salt Lake City, Utah 84111 (c) Present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted: Professional Basketball Player Utah Jazz Delta Center 301 West South Temple Salt Lake City, Utah 84101 (d) Conviction of a Criminal Proceeding (excluding traffic violations or similar misdemeanors) during the last five years: None (e) Party to a Civil Proceeding during the last five years and as a result was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws: None (f) Citizenship: U.S. CUSIP No. 124276106 Schedule 13 D Page 4 of 5 Item 3: Source and Amount of Funds or Other Consideration: Personal funds in the amount of $1,000,000 were used to purchase 100,000 shares of Series B Convertible Preferred Stock of BuyersOnline.com, Inc., which are convertible to 500,000 shares of common stock, and warrants to purchase 500,000 shares of common stock at an exercise price of $2.50 per share. Consulting Services valued in the amount of $125,000 were used to acquire an additional 100,000 shares of common stock. Item 4. Purpose of Transaction: The reporting person acquired the shares of BuyersOnline.com, Inc. reported herein for investment purposes. At this time, he has no intention of acquiring additional shares of BuyersOnline.com, Inc. reported herein, although he reserves the right to make additional purchases from time to time. Any decision to make such additional purchase will depend, however, on various factors, including, without limitation, the price of the stock, stock market conditions and the business prospects of BuyersOnline.com, Inc. The reporting person has no present intention, arrangement or understanding to effect any of the transactions listed in Item 4(a)-(j) of Schedule 13D. Item 5. Interest in Securities of the Issuer: (a) The reporting person would be the beneficial owner of 21.62% of the issued and outstanding shares of BuyersOnline.com, Inc., assuming he exercised on conversion and exercise rights. The percentage is computed using an aggregate of 100,000 shares of common stock and 1,000,000 shares of common stock issuable on conversion of 100,000 shares of Series B Convertible Preferred Stock and the exercise of warrants plus the 3,988,940 shares of common stock outstanding at October 31, 2000. (b) Sole Voting Power: 1,100,000 shares Sole Dispositive Power: 1,100,000 shares Shared Voting Power: -0- shares Shared Dispositive Power: -0- shares (c) On March 12, 2001, the reporting person acquired an additional 100,000 shares of common stock in exchange for consulting services valued at $1.25 per share or a total of $125,000, which services were rendered on behalf of the Company. (d) Not applicable (e) Not applicable CUSIP No. 124276106 Schedule 13 D Page 5 of 5 Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer: The reporting person does not have any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Issuer, finder's fees, joint ventures, loan or option agreements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. Item 7. Material to be Filed as Exhibits. None - ------------------------------------------------------------------ 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. Dated March 20, 2001 By: /s/ Karl Malone -----END PRIVACY-ENHANCED MESSAGE-----