UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series E Convertible Preferred Stock (1) | Â (2) | Â (2) | Class A Common Stock | 6,000,000 | $ 0 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
ORBCOMM Inc. 2115 LINWOOD AVE. SUITE 100 FORT LEE, NJ 07024 |
 |  X |  |  |
ORBCOMM, Inc., By: /s/ Christian LeBrun, Executive Vice President and General Counsel | 04/15/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | ORBCOMM, Inc. holds 500,000 shares of the convertible preferred stock. Each share is convertible into 12 shares of Class A Common Stock of Alanco Technologies, Inc. ("Alanco"). |
(2) | The conversion rights of the convertible preferred stock do not expire and the convertible preferred stock is convertible (a) at the option of the holder at any time; or (b) at the option of Alanco on or after the date that (i) is at least six months from the issue date of the shares of Series E Convertible Preferred Stock to be converted, and (ii) the average NASDAQ closing market price for Alanco's Class A Common Stock for preceding ten consecutive trading days equals or exceeds $0.75 per share. |