SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b) AND (c) AND
AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )(1)
MILITARY RESALE GROUP, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
599788106
(CUSIP Number)
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).
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(1) 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.
CUSIP NO. 599788106 13G PAGE 2 OF 7 PAGES
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1 NAME OF REPORTING PERSON
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I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY)
Edward T. Whelan
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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5 SOLE VOTING POWER
2,039,071(1)
NUMBER OF ----- ---------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 499,999(2)
OWNED BY ----- ---------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 2,039,071(1)
PERSON WITH ----- ---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
499,999(2)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,539,070(1)(2)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* |_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT OF ROW 9
23.9%
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12 TYPE OF REPORTING PERSON
IN
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(1) Includes 220,000 shares owned directly by Mr. Whelan, 664,058 shares owned
of record by Grace Holdings, Inc., of which Mr. Whelan is President,
755,013 shares beneficially owned by Atlantic Investment Trust, the
beneficiaries of which are members of Mr. Whelan's family and 400,000
shares owned of record by Shannon Investments, Inc., which is controlled by
Mr. Whelan.
(2) Includes 499,999 shares owned of record by Xcel Associates, Inc., of which
Mr. Whelan is a principal shareholder.
CUSIP NO. 599788106 13G PAGE 3 OF 7 PAGES
* SEE INSTRUCTIONS BEFORE FILLING OUT!
ITEM 1(A). NAME OF ISSUER:
Military Resale Group, Inc.
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
2180 Executive Circle, Colorado Springs, CO 08906
ITEM 2(A). NAME OF PERSON FILING:
Edward T. Whelan
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
135 First Street
Keyport, New Jersey 07735
ITEM 2(C). CITIZENSHIP:
United States of America
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(E). CUSIP NUMBER:
599788106
CUSIP NO. 599788106 13G PAGE 4 OF 7 PAGES
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
13d-2(b) CHECK WHETHER THE PERSON FILLING IS A:
Not applicable.
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-1(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) Amount beneficially owned:
2,539,070
(b) Percent of class:
23.9%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 2,039,071
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(ii) Shared power to vote or to direct the vote 499,999
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(iii) Sole power to dispose or to direct the
disposition of 2,039,071
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(iv) Shared power to dispose or to direct the
disposition of 499,999
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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.
CUSIP NO. 599788106 13G PAGE 5 OF 7 PAGES
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.
CUSIP NO. 599788106 13G PAGE 6 OF 7 PAGES
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.
AUGUST 28, 2002
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Date
/s/ EDWARD T. WHELAN
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Signature
EDWARD T. WHELAN
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Name/Title