-----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, P34vovIChB2nP7tfjhSVrkMLegDKrHcYw+jWd6Dr+iYTOzYX/Qsh8HBUbQZ2j4eD YELp5p9nsE+jc9MvkXVWfw== 0000898432-97-000128.txt : 19970222 0000898432-97-000128.hdr.sgml : 19970222 ACCESSION NUMBER: 0000898432-97-000128 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970214 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHILDRENS BROADCASTING CORP CENTRAL INDEX KEY: 0000882160 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 411663712 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45343 FILM NUMBER: 97535132 BUSINESS ADDRESS: STREET 1: 724 1ST ST N STREET 2: 4TH FLOOR CITY: MINNEAPOLIS STATE: MN ZIP: 55401 BUSINESS PHONE: 6123383300 MAIL ADDRESS: STREET 1: 724 FIRST STREET NORTH STREET 2: FOURTH FLOOR CITY: MINNEAPOLIS STATE: MN ZIP: 55401 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PERKINS CAPITAL MANAGEMENT INC ET AL CENTRAL INDEX KEY: 0000884300 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 708 EAST LAKE STREET CITY: WAYZATA STATE: MN ZIP: 55391 MAIL ADDRESS: STREET 1: 708 EAST LAKE STREET CITY: WAYZATA STATE: MN ZIP: 55391 SC 13G/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 5)* Children's Broadcasting Corporation ----------------------------------------------------------------- (Name of Issuer) Common stock ----------------------------------------------------------------- (Title of Class of Securities) 168755-10-6 ---------------------------------- (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 l; 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). SEC 1745 (2/92) Page 1 of 5 pages CUSIP No. 168755-10-6 13G Page 2 of 5 Pages 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Perkins Capital Management, Inc. IRS ID No.: 41-1501962 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /__/ (b) /__/ 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION 730 East Lake Street, Wayzata, MN 55391-1769 5 SOLE VOTING POWER NUMBER OF 83,356 SHARES 6 SHARED VOTING POWER 0 BENEFICIALLY OWNED BY 7 SOLE DISPOSITIVE POWER 1,160,749 EACH REPORTING PERSON 8 SHARED DISPOSITIVE POWER 0 WITH 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 689,290 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.5% 12 TYPE OF REPORTING PERSON* IA SEC 1745 (2/92) Page 2 of 5 pages CUSIP No. 168755-10-6 13G Page 3 of 7 Pages 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Richard W. Perkins IRS ID No.: ###-##-#### 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /__/ (b) /x_/ 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION 730 East Lake Street, Wayzata, MN 55391-1769 5 SOLE VOTING POWER NUMBER OF (refer to 13D filed by Richard W. Perkins dated December 29, 1996) SHARES 6 SHARED VOTING POWER 0 BENEFICIALLY OWNED BY 7 SOLE DISPOSITIVE POWER (refer to 13D filed by richard W. Perkins dated December 29, 1996) EACH REPORTING PERSON 8 SHARED DISPOSITIVE POWER 0 WITH 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 471,459 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.3% 12 TYPE OF REPORTING PERSON* IN SEC 1745 (2/92) Page 3 of 5 pages CUSIP No. 168755-10-6 13G Page 4 of 7 Pages Item 1. (a) Name of Issuer Children's Broadcasting Corp. (b) Address of Issuer's Principal Executive Offices 724 First Street N., 4th Floor Minneapolis, MN 55401 Item 2. (a) Name of Person Filing Perkins Capital Management, Inc. Richard W. Perkins (b) Address of Principal Business Office or, if none, Residence 730 East Lake Street Wayzata, MN 55391-1769 (c) Citizenship Minnesota Corporation (d) Title of Class of Securities Common Stock (e) CUSIP Number 168755-10-6 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) /__/ Broker or Dealer registered under Section 15 of the Act (b) /__/ Bank as defined in section 3(a)(6) of the Act (c) /__/ Insurance Company as defined in section 3(a)(19) of the act (d) /__/ Investment Company registered under section 8 of the Investment Company Act (e) /X_/ Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (f)/__/ Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see 240.13d-l(b)(l)(ii)(F) SEC 1745 (2/92) Page 4 of 5 pages CUSIP No. 168755-10-6 13G Page 5 of 7 Pages (g) /__/ Parent Holding Company, in accordance with 240.13d-l(b)(ii)(G) (Note: See Item 7) (h) /__/ Group, in accordance with 240.13d-l(b)(l)(ii)(H) 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-l(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. (a) The amount beneficially owned is 1,160,749 shares of common. This includes 689,290 shares of common equivalents owned by the clients of Perkins Capital Management, Inc., 68,125 warrants, exercisable within 60 days, held for the clients of Perkins Capital Management, Inc., 193,075 shares of common owned by Richard W. Perkins, 3,385 shares held by The Perkins Foundation, 2,500 warrants exercisable with 60 days, held by The Perkins Foundation, and 249,375 options or warrants exercisable within 60 days by Richard W. Perkins. Mr. Richard W. Perkins and Perkins Capital Management, Inc. disclaim beneficial interest in the Perkins Capital Management, Inc. shares. (b) The percent of class is 19.4%. This includes a percentage of class of 11.1% by clients of Perkins Capital Management, Inc. and 8.3% by Richard W. Perkins. (c) Number of shares as to which such person has: (i) Perkins Capital Management, Inc. has the sole power to vote 83,536 common shares. Mr. Richard W. Perkins has the sole power to vote 471,459 common shares (includes 249,375 options or warrants exercisable within 60 days). (ii) There are zero shares with shared power to vote. (iii) Perkins Capital Management, Inc. has the sole power to dispose of 1,160,749 common shares (includes 68,125 warrants exercisable within 60 days). Richard W. Perkins has the sole power to dispose of 471,459 common shares (includes 249,375 options or warrants exercisable within 60 days). (iv) shared power to dispose or to direct the disposition of 0 Item 5. Ownership of Five Percent or Less of a Class Not applicable. SEC 1745 (2/92) Page 5 of 5 pages CUSIP No. 168755-10-6 13G Page 6 of 7 Pages 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. SEC 1745 (2/92) Page 6 of 5 pages CUSIP No. 168755-10-6 13G Page 7 of 7 Pages Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. 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. February 13, 1997 ---------------------------------------- By Bradley A. Erickson ---------------------------------------- Signature Bradley A. Erickson, Vice President ----------------------------------------- Name/Title SEC 1745 (2/92) Page 7 of 5 pages -----END PRIVACY-ENHANCED MESSAGE-----