UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 24)*

 

G&K SERVICES, INC.

(Name of Issuer)

 

Class A Common Stock

(Title of Class of Securities)

 

361268105

(CUSIP Number)

 

December 31, 2002

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

ý

Rule 13d-1(c)

o

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 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).

 



 

 

CUSIP No.  361268105

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
RICHARD FINK

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

ý

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
U.S.A.

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power


1,019,644

 

6.

Shared Voting Power

97,132

 

7.

Sole Dispositive Power

1,019,644

 

8.

Shared Dispositive Power

97,132

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,116,776

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ý
See Exhibit A

 

 

11.

Percent of Class Represented by Amount in Row (9)


5.5%

 

 

12.

Type of Reporting Person (See Instructions)

IN

 

 

2



 

Item 1.

 

(a)

Name of Issuer

G&K Services, Inc.

 

(b)

Address of Issuer's Principal Executive Offices

5995 Opus Parkway, Suite 500

Minnetonka, MN 55343

 

Item 2.

 

(a)

Name of Person Filing

Richard Fink

 

(b)

Address of Principal Business Office or, if none, Residence

5995 Opus Parkway, Suite 500

Minnetonka, MN 55343

 

(c)

Citizenship

U.S.A.

 

(d)

Title of Class of Securities

Class A Common Stock

 

(e)

CUSIP Number

361268105

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

 

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

(g)

o

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

 

(h)

o

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)

o

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

 

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Item 4.

Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)

Amount beneficially owned:    1,116,776

 

(b)

Percent of class:    5.5 percent pursuant to Rule 13d-3(c).

 

(c)

Number of shares as to which the person has:

 

 

(i)

Sole power to vote or to direct the vote   

1,019,644 (Includes 947,169 shares of Class B Common Stock,

which are convertible into Class A Common Stock and options

to purchase 16,442 shares which are currently vested.)

 

 

(ii)

Shared power to vote or to direct the vote    97,132

 

 

(iii)

Sole power to dispose or to direct the disposition of   

1,019,644 (Includes 947,169 shares of Class B Common Stock,

which are convertible into Class A Common Stock and options

to purchase 16,442 shares which are currently vested.)

 

 

(iv)

Shared power to dispose or to direct the disposition of    97,132

 

Item 5.

Ownership of Five Percent or Less of a Class

 

Not Applicable

 

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 or Control Person

 

Not Applicable

 

Item 8.

Identification and Classification of Members of the Group

 

Not Applicable

 

Item 9.

Notice of Dissolution of Group

 

Not Applicable

 

 

4



 

Item 10.

Certification

(a)

Not Applicable

(b)

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.

 

 

 

Date     February 13, 2003

/s/ Richard Fink

 

 

Richard Fink

 

 

 

 

 

 

 

 

 

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EXHIBIT A

 

To Form 13G (Individual)

 

     The filing of this report shall not be construed as an admission by the person identified in Item 2(a) that, for the purpose of Section 13(d) or 13(g) of the Securities Exchange Act, he is the "beneficial owner" of any equity securities listed below; and such person expressly disclaims that he is part of a "group."

 

Record Owner's Relationship

 

Record Owner's

 

Number of Shares

to Reporting Person

 

Type of Ownership

 

Reporting Person

 

Indirect(1)

 

78,226(*)

Reporting Person

 

Indirect(2)

 

18,906(*)

Family Limited Partnership

 

Indirect(3)

 

371,676 Class B Shares

Spouse

 

Indirect

 

7,700


(1) As Co-Trustee of the David Robert Fink 1992 Trust.

(2) By The Richard and Beverly Fink Family Foundation.

(3) The Reporting Person has no voting or dispositive power.  However, he does retain a pecuniary interest in the shares.

 

* Included in the amount reported in Item 4(a).

 

 

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