-----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, POamcJfLcLl50U7378j7stwMTBRBfvQDEdGdVtIH2qqVpzEKEUId+Fuzi/hXJNw7 nYHWL+9UQ6XtFKzbrL9iEA== 0000914190-00-000020.txt : 20000203 0000914190-00-000020.hdr.sgml : 20000203 ACCESSION NUMBER: 0000914190-00-000020 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000125 GROUP MEMBERS: CHERRY TREE VENTURES III, A LIMITED PARTNERSHIP GROUP MEMBERS: CHRISTIANSON TONY J GROUP MEMBERS: GORDON F. STOFER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRO LEARNING INC CENTRAL INDEX KEY: 0000893965 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS PUBLISHING [2741] IRS NUMBER: 363660532 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-43059 FILM NUMBER: 512458 BUSINESS ADDRESS: STREET 1: POPLAR CREEK OFFICE PLAZA STREET 2: 1721 MOON LAKE BOULEVARD CITY: HOFFMAN ESTATES STATE: IL ZIP: 60194 BUSINESS PHONE: 8477817800 MAIL ADDRESS: STREET 1: 1721 MOON LAKE BLVD SUITE 555 CITY: HOOFMAN ESGTATES STATE: IL ZIP: 60194 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CHRISTIANSON TONY J CENTRAL INDEX KEY: 0001035980 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 3800 WEST 80TH STREET SUITE 1400 CITY: MINNEAPOLIS STATE: MN ZIP: 55431 BUSINESS PHONE: 6128939012 MAIL ADDRESS: STREET 1: 3800 WEST 80TH STREET SUITE 1400 CITY: MINNEAPOLIS STATE: MN ZIP: 55431 SC 13G/A 1 SCHEDULE 13G AMENDMENT NO. 4 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 4)* TRO Learning, Inc. - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock - ------------------------------------------------------------------------------- (Title of Class of Securities) 87263R 109 ----------------------------------------------------------------------- (CUSIP Number) 12/31/99 ----------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) 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 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). SCHEDULE 13G - ----------------------- --------------------- CUSIP No. 87263R 109 Page 2 of 7 Pages - ----------------------- --------------------- - ------------- ----------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Cherry Tree Ventures III, FIN: 41-1585020 - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [ ] - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Minnesota - ------------- ----------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 548,360 BENEFICIALLY --------- ------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 0 REPORTING --------- ------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 548,360 --------- ------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - ------------- ----------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 548,360 - ------------- ----------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - ------------- ----------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.05% - ------------- ----------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN - ------------- ----------------------------------------------------------------- SCHEDULE 13G - -------------------------- ------------------------ CUSIP No. 87263R 109 Page 3 of 7 Pages - -------------------------- ------------------------ - ------------- ----------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Gordon F. Stofer - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [ ] - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Minnesota - ------------- ----------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 9,944 BENEFICIALLY --------- ------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 548,360 REPORTING --------- ------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 9,944 --------- ------------------------------------------- 8 SHARED DISPOSITIVE POWER 548,360 - ------------- ----------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 558,304 - ------------- ----------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - ------------- ----------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.18% - ------------- ----------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - ------------- ----------------------------------------------------------------- Page 3 of 7 Pages SCHEDULE 13G - --------------------------- ------------------------ CUSIP No. 87263R 109 Page 4 of 7 Pages - --------------------------- ------------------------ - ------------- ----------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Tony J. Christianson - ------------- ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [X] (b) [ ] - ------------- ----------------------------------------------------------------- 3 SEC USE ONLY - ------------- ----------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Minnesota - ------------- ----------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 7,895 BENEFICIALLY --------- ------------------------------------------- OWNED BY 6 SHARED VOTING POWER EACH 548,360 REPORTING --------- ------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 7,895 --------- ------------------------------------------- 8 SHARED DISPOSITIVE POWER 548,360 - ------------- ----------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 566,255 - ------------- ----------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - ------------- ----------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.15% - ------------- ----------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - ------------- ----------------------------------------------------------------- Page 4 of 7 Pages Answer every item. If an item is inapplicable or the answer is in the negative, so state. Item 1(a) Name of Issuer: TRO Learning, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 555 Poplar Creek Office Plaza 1721 Moon Lake Blvd. Hoffman Estates, IL 60194 Item 2(a) Name of Person Filing: This statement is filed on behalf of Cherry Tree Ventures III, a Limited Partnership and on behalf of Gordon F. Stofer and Tony J. Christianson, who are Managing General Partners of Cherry Tree Ventures III, a Limited Partnership. Item 2(b) Address of Principal Business Office or, if none, residence: Centennial Lakes Office Park 7601 France Avenue South, Suite 150 Minneapolis, MN 55435 Each of Gordon F. Stofer and Tony J. Christianson has the above address. Item 2(c) Citizenship: Partnership is organized in Minnesota. Each of Gordon F. Stofer and Tony J. Christianson is a citizen of the United States. Item 2(d) Title of Class of Securities: Common Stock Item 2(e) CUSIP No.: 87263R 109 Item 3 Statement filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c): Not applicable [ Alt. Item 3 If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in Section 3(a)(b) of the Exchange Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act. (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). Page 5 of 7 Pages (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act. (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. [ ] Item 4 Ownership See pages 2, 3, & 4 - Item 9 Item 5 Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. 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: The Group is Cherry Tree Ventures III. Mr. Stofer and Mr. Christianson are members of this group because of their positions as Managing General Partners of CTV III: voting and control is based on their role as Managing General Partners of CTV III and they disclaim beneficial ownership of those shares. Item 9 Notice of Dissolution of Group: Not applicable Item 10 Certifications: Not applicable Page 6 of 7 Pages [Alt. Item 10 Certifications: (a) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(b): "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect." (b) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(c): "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect." 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. CHERRY TREE VENTURES III, January 21, 2000 A Limited Partnership (Date) /s/ Tony J. Christianson /s/ Tony J. Christianson (Signature) (Signature) Tony J. Christianson, Managing Partner Tony J. Christianson, Individual (Name and title) (Name and title) /s/ Gordon F. Stofer /s/ Gordon F. Stofer (Signature) (Signature) Gordon F. Stofer, Managing Partner Gordon F. Stofer, Individual (Name and title) (Name and title) Page 7 of 7 Pages -----END PRIVACY-ENHANCED MESSAGE-----