SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(Amendment No.10)*
Sales Online Direct, Inc.
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(Name of Issuer)
Common Stock of the Par Value of $0.001 Per Share
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(Title of Class of Securities)
794661108
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(CUSIP Number)
Frank R. Goldstein, Sidley Austin Brown & Wood LLP, 1501 K Street, NW,
Washington, D.C. 20005;
(202) 736-8000
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
October 9, 2002
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13D to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7
for other parties to whom copies are to be sent.
(Continued on following pages)
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*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).
SCHEDULE 13D
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CUSIP No. 794661108
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1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Marc L. Stengel
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) X(1)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS* OO
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5 CHECK BOX 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 United States of America
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NUMBER OF 7 SOLE VOTING POWER
SHARES
5,918,719
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
-0-
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING
5,918,719
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PERSON 10 SHARED DISPOSITIVE POWER
WITH -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,918,719
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.92%(2)
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1 Footnote 1 to Item 2 of the Cover Page of Stengel's Schedule 13D, filed on
May 31, 2001 with the Securities and Exchange Commission ("SEC"), is
incorporated by reference herein. The Maryland case was settled among all
the parties thereto pursuant to a Settlement Agreement dated October 23,
2001.
2 Assumes 120,157,447 shares of common stock of the Company are outstanding,
as reported by the Company in the Company's Form 10-QSB filed with the SEC
for the Company's fiscal quarter ended June 30, 2002.
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
Schedule 13D
Item 1. Security and Issuer
This statement on Schedule 13D relates to the shares of common stock,
par value of $0.001 per share (the "Common Stock"), of Sales Online
Direct, Inc., a Delaware corporation (the "Company"). The address of the
Company's principal executive offices is 4 Brussels Street, Suite 220,
Worcester, Massachusetts 01610, as reported by the Company in the Company's
Form 10-QSB filed with the Securities and Exchange Commission (the "SEC") for
the Company's fiscal quarter ended June 30, 2002.
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on October 9, 2002, Stengel beneficially
owned 5,918,719 shares of the Common Stock of the Company, that represented as
of the close of business on October 9, 2002, 4.92% of the issued and
outstanding Common Stock of the Company, based on the 120,157,447 shares of
Common Stock outstanding, as reported by the Company in the Company's Form
10-QSB filed with the SEC for the Company's fiscal quarter ended June 30, 2002.
(b) Stengel has sole power to vote and sole power to dispose of all
shares of Common Stock of the Company beneficially owned by Stengel.
(c) A description of all transactions in the Common Stock of the
Company that were effected by Stengel since the most recent filing on Schedule
13D is set forth on Schedule A attached hereto and incorporated by reference
herein.
(d) No other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of,
Stengel's shares of Common Stock of the Company.
(e) Stengel ceased to be the beneficial owner of more than five percent
of the outstanding shares of the Company's Common Stock on or about October 9,
2002.
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.
Date: October 15, 2002
By: /s/ Marc L. Stengel
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Marc L. Stengel
SCHEDULE A
Schedule of Transactions in the Shares
No. of Price Per
Name Date Shares Sold Share(1)
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Common Stock,
Par Value $0.001
Per Share March 18, 2002 10,000 0.48
10,000 0.50
March 19, 2002 2,500 0.57
10,000 0.555
11,050 0.55
10,000 0.53
8,000 0.51
10,000 0.50
March 20, 2002 350 0.55
1,000 0.52
21,000 0.45
March 21, 2002 10,000 0.52
3,500 0.51
10,000 0.50
10,000 0.49
March 22, 2002 3,000 0.48
10,000 0.47
March 25, 2002 10,000 .41
March 26, 2002 10,000 0.295
6,000 0.30
1,000 0.335
1,000 0.38
March 27, 2002 5,000 0.245
3,000 0.246
10,000 0.255
5,000 0.26
March 28, 2002 5,000 0.24
5,000 0.235
No. of Price Per
Name Date Shares Sold Share(1)
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5,000 0.23
5,000 0.215
5,000 0.19
10,000 0.205
April 1, 2002 10,000 .28
10,000 0.27
April 2, 2002 10,000 0.28
10,000 0.27
April 3, 2002 10,000 0.25
April 4, 2002 10,000 0.175
April 5, 2002 10,000 0.1825
April 9, 2002 5,000 0.18
April 10, 2002 5,000 0.165
April 11, 2002 10,000 0.165
April 12, 2002 10,000 0.15
April 15, 2002 5,000 0.17
April 16, 2002 4,500 0.175
April 17, 2002 1,000 0.185
5,000 0.18
5,000 0.17
April 18, 2002 5,000 0.195
5,000 0.185
April 19, 2002 5,000 0.165
April 22, 2002 5,000 0.1675
April 23, 2002 2,500 0.175
April 24, 2002 5,000 0.1825
April 25, 2002 5,000 0.175
April 26, 2002 10,000 0.17
5,000 0.165
April 29, 2002 5,000 0.165
April 30, 2002 15,000 0.17
May 1, 2002 5,000 0.23
10,000 0.17
May 2, 2002 5,000 0.26
10,000 0.235
No. of Price Per
Name Date Shares Sold Share(1)
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May 3, 2002 5,000 0.23
5,000 0.20
5,000 0.19
5,000 0.18
May 6, 2002 5,000 0.18
May 7, 2002 5,000 0.19
15,000 0.18
May 8, 2002 10,000 0.20
10,000 0.195
5,000 0.17
May 9, 2002 10,000 0.18
May 20, 2002 5,000 0.155
May 24, 2002 10,000 0.14
5,000 0.136
May 31, 2002 20,000 0.125
June 3, 2002 10,000 0.09
10,000 .085
June 5, 2002 5,000 0.12
10,000 0.115
10,000 0.105
5,000 0.088
June 6, 2002 10,000 0.10
June 7, 2002 10,000 0.10
June 10, 2002 10,000 0.098
June 11, 2002 10,000 0.096
June 12, 2002 6,000 0.096
June 13, 2002 7,000 0.09
June 14, 2002 10,000 0.085
June 18, 2002 10,000 0.085
June 19, 2002 5,000 0.086
June 21, 2002 5,000 0.086
June 24, 2002 5,000 0.078
5,000 0.08
June 26, 2002 5,000 0.08
June 27, 2002 5,000 0.08
No. of Price Per
Name Date Shares Sold Share(1)
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June 28, 2002 5,000 0.085
July 16, 2002 10,000 0.073
July 18, 2002 10,000 0.075
July 22, 2002 10,000 0.073
July 29, 2002 5,000 0.077
10,000 0.075
July 30, 2002 3,000 0.075
July 31, 2002 5,000 0.077
1,000 0.076
2,000 0.074
August 1, 2002 10,000 0.08
August 2, 2002 3,500 0.1275
1,000 0.12
5,000 0.105
August 5, 2002 1,000 0.115
1,000 0.11
10,000 0.105
August 6, 2002 6,000 0.105
August 7, 2002 10,000 0.10
August 22, 2002 1,000 0.10
5,000 0.095
August 26, 2002 10,000 0.093
5,000 0.091
5,000 0.09
September 16, 2002 2,000 0.06
October 9, 2002 1,000 0.052
854,900 (Total)
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1 Does not include brokerage commission.