UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
ALANCO TECHNOLOGIES, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
011612 40 5
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(CUSIP Number)
Donald E. Anderson
11804 N. Sundown Drive, Scottsdale, AZ 85260
(480) 948-3747
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 13 2003
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or
240.13d-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 Section 240.13d-7
for other parties to whom copies are to be sent.
* 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 disclosures provided in a prior cover page.
The information required on 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. ..................................011612 40 5
1. Names of Reporting Persons. I.R.S. Identification Nos. of
above persons (entities only).
Donald E. Anderson
2.
Check the Appropriate Box if a Member of a Group
(See Instructions) (a)
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(b)
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3.
SEC Use Only
.............................................................
4.
Source of Funds (See Instructions) Personal Funds.
5.
Check if Disclosure of Legal Proceedings Is Required Pursuant
to Items 2(d) or 2(e) .................
6.
Citizenship or Place of Organization USA
Number of
Shares 7. Sole Voting Power 5,452,644
Beneficially
Owned by 8. Shared Voting Power
Each
Reporting 9. Sole Dispositive Power 5,452,644
Person With
10. Shared Dispositive Power
11.
Aggregate Amount Beneficially Owned by Each
Reporting Person 5,452,644
12.
Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
13.
Percent of Class Represented by Amount in Row (11) 24.4%
14.
Type of Reporting Person (See Instructions)
Donald E. Anderson: IN
Item 1. Security and Issuer
Common Stock Alanco Technologies, Inc.
15575 N. 83rd Way, Suite 3
Scottsdale, AZ 85260
Item 2. Identity and Background
This Schedule 13D is filed on behalf of Donald E. Anderson, whose address
is 11804 N. Sundown Drive, Scottsdale, AZ 85260. Mr. Anderson is President and
Chairman of the Board of Directors of Programmed Land, Inc., a privately owned
real estate holding company 100% owned by Mr. Anderson. This Schedule 13D covers
shares owned directly by Mr. Anderson and indirectly by Programmed Land, Inc,
which are beneficially owned by Mr. Anderson. Mr. Anderson is a citizen of the
United States of America. Mr. Anderson is a Director of the Issuer.
During the last five years, Mr. Anderson has not (i) been convicted of a
criminal proceeding, excluding traffic violations or similar misdemeanors, or
(ii) been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding been subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws, or finding
any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
All shares of common stock acquired by Mr. Anderson were paid for by
private funds of Mr. Anderson, and/or private funds of Programmed Land, Inc.,
which is 100% owned and controlled by Mr. Anderson. Mr. Anderson has beneficial
ownership of all shares of the Issuer held by Programmed Land, Inc. Mr. Anderson
has acquired shares of common stock directly from the issuer and in open market
purchases, however, all shares currently owned by Mr. Anderson were acquired
directly from the Issuer. The per share prices paid by Mr. Anderson for such
shares range from $0.37 to $0.73, and Mr. Anderson's aggregate cash investment
in such shares is approximately $1,583,500. In addition, Mr. Anderson has
provided a credit facility to the Issuer whereby the Issuer can borrow from Mr.
Anderson up to $1,550,000.
Item 4. Purpose of Transaction
Mr. Anderson's acquisition of common stock of the issuer is for investment
purposes.
There is no present plan or proposal for Mr. Anderson to acquire any
additional securities of the issuer or dispose of securities presently owned,
other than small acquisitions or sales of such securities for investment
purposes. There is no extraordinary corporate transaction involving the Issuer
or any of its subsidiaries presently contemplated.
There is no contemplated sale or transfer of any material amount of assets
of the Issuer or any of its subsidiaries.
There are no plans or proposals to change the number or term of directors
of the Issuer.
There is no contemplated material change in the present capitalization or
dividend policy of the issuer. Nor are there any other contemplated material
changes in the Issuer's business or corporate structure.
There are no contemplated changes in the Issuer's Articles of
Incorporation, Bylaws or other similar instruments or other actions which may
impede the acquisition of control of the Issuer by any person.
There is no contemplated action which would cause a class of securities of
the issuer to be delisted from any national securities exchange or to cease to
be authorized to be quoted in an inter-dealer quotation system of a registered
national securities association.
Nor is any action contemplated which would result in a class of equity
securities of the issuer becoming eligible for termination of registration
pursuant to Section 12(g)(4) of the Act.
Nor is there any action contemplated similar to any of the actions
discussed above.
Item 5. Interest in Securities of the Issuer
Mr. Anderson holds 500,000 shares acquired directly from the Issuer upon
the conversion of a portion of the credit facility granted to the Issuer
pursuant to rights contained in the credit agreement, warrants to purchase
2,008,161 shares at an average exercise price of $0.71, options to purchase
20,000 shares at an exercise price of $0.75 issued to Mr. Anderson as a Director
of the Issuer, preferred stock of the Issuer convertible into 2,424,483 shares
of common stock, and the right to convert an additional $250,000 of the credit
facility into 500,000 shares. The aggregrate number of shares owned by Mr.
Anderson is 5,452,644 shares, which represent 24.4% of all issued and
outstanding shares (when counting the warrant, option and conversions shares as
issued shares). Mr. Anderson holds sole power to vote and sole power to dispose
of said shares.
During the past sixty days (effective November 24, 2003), Mr. Anderson
conducted the following described acquisitions and dispositions of shares:
a. On October 10, 2003, Mr. Anderson sold 18,000 shares in an open market
transaction at $0.75 per share.
b. On October 31, 2003, Mr. Anderson received a warrant to purchase 50,000
shares at an exercise price of $0.50 per share in consideration for Mr.
Anderson's agreement to extend the term of the credit facility with the
Issuer and for other amendments to the credit agreement for said credit
facility.
c. On November 13, 2003, Mr. Anderson exercised an option to acquire 40,000
shares from the Issuer at an exercise price of $0.37 per share.
d. On November 13, 2003, Mr. Anderson exercised a conversion right with
respect to the credit facility by converting $250,000 of the Issuer's
obligation to him thereunder into 500,000 shares.
e. On November 14, 2003, Mr. Anderson sold 40,000 shares in an open market
transaction at $1.05 per share.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
There are no contracts, arrangements, understandings or relationships
(legal or otherwise) between Mr. Anderson and any other person with respect to
any securities of the Issuer, including but not limited to transfer or voting of
any of the securities, finders fees, joint ventures, loan adoption agreements,
puts or calls, guarantees of profits, division of profits or loss, or the giving
or withholding of proxies.
Item 7. Material to be filed as Exhibits
None.
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: November 24, 2003
/s/ Donald E. Anderson
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Donald E. Anderson