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.7)*
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)
Alan Richard Sachs, Esquire; West Road Corporate Center, Suite 227,
110 West Road, Towson, Maryland 21204; (410)847-9100
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
January 4, 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(b)(3) or (4), check the following
box |_|.
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
(Continued on following pages)
(Page 1 of 8 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 Page 2 of 8 Pages
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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
BENEFICIALLY 8,479,119
OWNED BY ---------------------------------------------------------------------------------------------------
EACH 8
SHARED VOTING POWER
REPORTING
PERSON -0-
WITH
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9
SOLE DISPOSITIVE POWER
8,479,119
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10
SHARED DISPOSITIVE POWER
-0-
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11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,479,119
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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)
11.2%(2)
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(1) Footnote 1 to Item 2 of the Cover Page of Stengel's Schedule 13D, that was filed on May 31, 2001, with
the Securities and Exchange Commission ("SEC") is incorporated by reference herein. The Maryland Case was
settled among all parties thereto pursuant to a Settlement Agreement dated October 23, 2001.
(2) Assumes 75,074,117 shares of common stock of the Company are outstanding, as reported by the Company in
the Company's Form 10-
(continued...)
2
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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
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(...continued)
QSB filed with the SEC for the Company's fiscal quarter ended September 30, 2001.
3
Schedule 13D
Item 1. Security and Issuer
This statement on Schedule 13D relates to the shares of common stock of
the par value of $0.001 per share (the "Common Stock") of Sales Online Direct,
Inc. (the "Company"), a Delaware corporation. The address of the Company's
principal executive offices is 4 Brussels Street, 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 September 30, 2001.
Item 5. Interest in Securities of the Issuer
(a) As of the close of business on January 4, 2002, Stengel beneficially
owned 8,479,119 shares of the Common Stock of the Company, that represented as
of the close of business on January 4, 2002, 11.2% of the issued and
outstanding Common Stock of the Company, based on the 75,074,117 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 September 30,
2001.
(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 during the past 60 days or since the most recent
filing on Schedule 13D, whichever is less, 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) Not applicable.
4
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: January 15, 2002
By: /s/ Marc L. Stengel
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Marc L. Stengel
5
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 September 24, 2001 1,000 $0.012
$0.001 Per Share
61,000 0.013
September 26, 2001 1,000 0.014
25,000 0.015
September 27, 2001 21,000 0.014
September 28, 2001 20,000 0.012
October 24, 2001 10,000 0.050
10,000 0.055
10,000 0.0675
10,000 0.069
10,000 0.070
6,000 0.080
October 25, 2001 10,000 0.065
October 26, 2001 10,000 0.050
October 29, 2001 10,000 0.050
10,000 0.055
October 30, 2001 10,000 0.060
10,000 0.065
10,000 0.0675
October 31, 2001 10,000 0.070
5,000 0.075
November 1, 2001 10,000 0.085
20,000 0.0875
25,000 0.0975
15,000 0.100
10,000 0.1025
November 5, 2001 10,000 0.069
6
No. of Price Per
Name Date Shares Sold Share(1)
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10,000 0.0775
November 7, 2001 4,000 0.065
6,000 0.068
November 8, 2001 10,000 0.0575
November 9, 2001 15,000 0.0475
November 12, 2001 10,000 0.035
November 13, 2001 5,000 0.035
5,000 0.040
November 14, 2001 5,000 0.0425
5,000 0.045
5,000 0.0475
5,000 0.050
November 15, 2001 10,000 0.040
November 16, 2001 10,000 0.036
November 19, 2001 10,000 0.040
1,000 0.0425
November 20, 2001 21,000 0.043
19,000 0.045
November 26, 2001 10,000 0.035
November 27, 2001 10,000 0.035
November 28, 2001 10,000 0.033
November 29, 2001 10,000 0.037
10,000 0.039
December 3, 2001 10,000 0.031
December 4, 2001 10,000 0.030
December 5, 2001 5,000 0.031
December 6, 2001 15,000 0.030
December 10, 2001 5,000 0.025
10,000 0.026
December 12, 2001 11,000 0.025
December 13, 2001 4,400 0.023
6,600 0.024
December 14, 2001 10,000 0.015
7
No. of Price Per
Name Date Shares Sold Share(1)
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December 17, 2001 5,000 0.017
5,000 0.018
December 18, 2001 10,000 0.019
5,000 0.021
December 19, 2001 1,000 0.013
5,000 0.021
January 2, 2001 20,000 0.035
10,000 0.038
10,000 0.039
January 3, 2001 5,000 0.041
10,000 0.044
January 4, 2001 10,000 0.045
10,000 0.049
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1 Does not include brokerage commission.
8