UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G/A
(AMENDMENT NO. 2)
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(b)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
E Com Ventures, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
071376-60-0
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(CUSIP Number)
December 31, 2001 .
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(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)
[ X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
CUSIP No. 071376-60-0
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1. Names of Reporting Persons.
Mark A. Rice
I.R.S. Identification Nos. of above persons (entities only).
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2. Check the Appropriate Box if a Member of a Group
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3. SEC Use Only
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4. Citizenship or Place of Organization United States
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Number of 5. Sole Voting Power 981,496
Shares ----------------------------------------------------------
Beneficially
Owned by 6. Shared Voting Power None
Each ----------------------------------------------------------
Reporting
Person With 7. Sole Dispositive Power 981,496
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8. Shared Dispositive Power None
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9. Aggregate Amount Beneficially Owned by Each Reporting Person 981,496
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
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11. Percent of Class Represented by Amount in Row (9) 9.9%
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12. Type of Reporting Person IN
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ITEM 1(a) NAME OF ISSUER:
E Com Ventures, Inc.
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
11701 N.W. 101st Road
Miami, Florida 33178
ITEM 2(a) NAME OF PERSON FILING:
Mark A. Rice
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
666 Dundee Road
Suite 1901
Northbrook, Illinois 60062
ITEM 2(c) CITIZENSHIP:
United States
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e) CUSIP NUMBER:
071376-60-0
ITEM 3 This statement is not filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c)
ITEM 4 OWNERSHIP:
Mark A. Rice is the Managing Member of Minamax, LLC. Minamax,
LLC is the Managing Member of Rice Opportunity Fund, LLC. Rice
Opportunity Fund LLC beneficially owns 981,496 Common Stock
shares of E Com Ventures, Inc., which represents 9.9% of
aggregate outstanding shares of that class. Of the 981,496
Common Stock shares, Rice Opportunity Fund, LLC owns 559,811
shares. Additionally, Rice Opportunity Fund owns the following
convertible notes:
Series B in the principal amount of $210,517;
Series C in the principal amount of $664,646; and
Series D in the principal amount of $976,945.
These notes are subject to conversion limitations such that
Rice Opportunity Fund, LLC and its affiliates, which would
include Mark A. Rice, can never beneficially own over 9.9%.
Accordingly, the notes convert into 421, 685 shares of common
stock. Mark A. Rice has sole power to vote or direct the vote
of the
entire holding and has sole power to dispose of or direct the
disposal of the entire shareholding.
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:
Rice Opportunity Fund, LLC owns more than 5% of the Common
Stock shares and has the right to receive the proceeds of the
sale of such shares or any dividends on such shares.
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
ITEM 10. CERTIFICATION:
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.
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.
February 14, 2002
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Date
/s/ Mark A. Rice
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Mark A. Rice