-----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, GfR+xxjiqF6joNYOA4Rsfx4p9+wp8jHj7Cb3dFUQEZdQjy40IKFmfiyyrLMDSIZa 5szdTziij9Vcfh4m2bOgfA== 0001047469-99-005705.txt : 19990217 0001047469-99-005705.hdr.sgml : 19990217 ACCESSION NUMBER: 0001047469-99-005705 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990216 GROUP MEMBERS: APEX INVESTMENT FUND LP GROUP MEMBERS: THE PRODUCTIVITY FUND II, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SELECT COMFORT CORP CENTRAL INDEX KEY: 0000827187 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD FURNITURE [2510] IRS NUMBER: 410157886 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-55269 FILM NUMBER: 99538959 BUSINESS ADDRESS: STREET 1: 6105 TRENTON LANE NORTH SUITE 100 CITY: PLYMOUTH STATE: MN ZIP: 55442-3240 BUSINESS PHONE: 6125517000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: APEX INVESTMENT FUND LP CENTRAL INDEX KEY: 0000942207 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 363572877 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 233 SOUTH WACKER DRIVE SUITE 9500 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3122580320 MAIL ADDRESS: STREET 1: 233 SOUTH WACKER DRIVE SUITE 9500 CITY: CHICAGO STATE: IL ZIP: 60606 SC 13G 1 FORM SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* ------ Select Comfort Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 81616X103 ---------------------------------- (CUSIP Number) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: / / Rule 13d-1(b) / / Rule 13d-1(c) /X/ Rule 13d-1(d) *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). Page 1 of 6 pages SCHEDULE 13G CUSIP No. 81616X103 --------- - ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Apex Investment Fund, L.P. 36-3572877 - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER (a) / / OF A GROUP* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES (5) SOLE VOTING POWER BENEFICIALLY 656,980 OWNED BY -------------------------------------------------- EACH REPORTING (6) SHARED VOTING POWER PERSON WITH: -0- -------------------------------------------------- (7) SOLE DISPOSITIVE POWER 656,980 -------------------------------------------------- (8) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 656,980 - ------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.6% - ------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 2 of 6 pages SCHEDULE 13G CUSIP No. 81616X103 --------- - ------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS. S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS The Productivity Fund II, L.P. 36-3775406 - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER (a) / / OF A GROUP* (b) /X/ - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF SHARES (5) SOLE VOTING POWER BENEFICIALLY 282,554 OWNED BY -------------------------------------------------- EACH REPORTING (6) SHARED VOTING POWER PERSON WITH: -0- -------------------------------------------------- (7) SOLE DISPOSITIVE POWER 282,554 -------------------------------------------------- (8) SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 282,554 - ------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.6% - ------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! Page 3 of 6 pages Item 1(a). Name of Issuer: Select Comfort Corporation Item 1(b). Address of Issuer's Principal Executive Offices: 6105 Trenton Lane North, Suite 100 Minneapolis, Minnesota 55442 Item 2(a). Name of Person Filing: Apex Investment Fund, L.P. ("Apex") and The Productivity Fund II, L.P. ("PF II") Item 2(b). Address of Principal Business Office: Apex maintains its principal business office at 233 South Wacker Drive, Suite 9600, Chicago, Illinois 60606. PF II maintains its principal business office at 233 South Wacker Drive, Suite 9500, Chicago, Illinois 60606. Item 2(c). Citizenship: Apex and PF II are Delaware limited partnerships. Item 2(d). Title of Class of Securities: Common Stock, $.01 par value Item 2(e). CUSIP Number 81616X103 Item 3. Type of Person: Not Applicable Page 4 of 6 pages Item 4. Ownership: (a) Amount Beneficially Owned: Apex is the beneficial owner of 656,980 shares (which includes 11,102 common stock purchase warrants at an exercise price of $5.25 per share). PF II is the beneficial owner of 282,554 shares (which includes 4,935 common stock purchase warrants at an exercise price of $5.25 per share). (b) Percent of Class: Apex is the owner of 3.6%, based upon 18,133,351 shares outstanding as of December 7, 1998. PF II is the owner of 1.6%, based upon 18,127,184 shares outstanding as of December 7, 1998. (c) Number of shares as to which person has: (i) sole power to vote or to direct the vote: Apex 656,980 PF II 282,554 (ii) shared power to vote or to direct the vote: Apex -0- PF II -0- (iii) sole power to dispose or to direct the disposition of: Apex 656,980 PF II 282,554 (iv) shared power to dispose or to direct the disposition of: Apex -0- PF II -0- Item 5. Ownership of Five Percent or less of a Class: Apex 3.6% PF II 1.6 Item 6. Ownership of More than Five Percent on Behalf of Another Person: Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: Not Applicable Item 8. Identification and Classification of Members of the Group: Not Applicable Item 9. Notice of Dissolution of Group: Not Applicable Item 10. Certification: Not Applicable Page 5 of 6 pages SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: February 12, 1999 APEX INVESTMENT FUND, L.P., a Delaware limited partnership By: Apex Management Partnership, General Partner of Apex Investment Fund, L.P. By: Stellar Investment Co., a General Partner of Apex Management Partnership By: /s/ James A. Johnson ------------------------------------------ Name: James A. Johnson Title: President THE PRODUCTIVITY FUND II, L.P., a Delaware limited partnership By: First Analysis Management Company II, General Partner of The Productivity Fund II, L.P. By: /s/ Bret R. Maxwell ------------------------------------------ Name: Bret R. Maxwell Title: General Partner Page 6 of 6 pages -----END PRIVACY-ENHANCED MESSAGE-----