SI TECHNOLOGIES FORM 144

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 144

  

OMB APPROVAL

 

  OMB Number:   3235-0101
  Expires:   December 31, 2006
 

Estimated average burden

hours per response  . . . . 4.47

 

NOTICE OF PROPOSED SALE OF SECURITIES

PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933

  

SEC USE ONLY

 
 

DOCUMENT SEQUENCE NO.            

 

ATTENTION:  Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker.

   CUSIP NUMBER

1(a) NAME OF ISSUER (Please type or print)

 

SI Technologies, Inc.

  

(b) IRS IDENT. NO.

 

95-3381440

  

(c) S.E.C. FILE NO.

 

0-12370

   WORK LOCATION
1(d) ADDRESS OF ISSUER    STREET   

CITY

    STATE    ZIP CODE    (e) TELEPHONE NO.
     14192 Franklin Avenue   

Tustin

    CA    92780    AREA CODE    NUMBER
         
                     

2(a) NAME OF PERSON FOR WHOSE

        ACCOUNT THE SECURITIES

        ARE TO BE SOLD

    (b) IRS IDENT. NO  

(c) RELATIONSHIP

      TO ISSUER

    (d) ADDRESS STREET    CITY    STATE    ZIP CODE
RICK A. BEETS       

Director

    32 Saratoga    DOVE CANYON    CA    92679

 

INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.

 

3(a)

    (b)    SEC USE ONLY    (c)    (d)    (e)    (f)    (g)

Title of the

Class of

Securities

To Be Sold

   

Name and Address of Each Broker Through

Whom the Securities are to be

Offered or Each Market Maker

who is Acquiring the Securities

   

Broker-Dealer

File Number

   

Number of Shares

or Other Units

To Be Sold

(See Instr. 3(c))

   

Aggregate

Market Value

(See Instr. 3(d))

   

Number of Shares

or Other Units

Outstanding

(See Instr. 3(e))

   

Approximate

Date of Sale

(See Instr. 3(f))

(MO. DAY YR.)

   

Name of Each

Securities

Exchange

(See Instr. 3(g))

Common

    Scottrade Laguna Hills, CA Branch         60,000    $210,000    4,026,996    041904    NASDAQ
     24012 CALLE LAPLATE #130
LAGUNA HILLS, CA 92653		                              

 

INSTRUCTIONS:

 

1.

   (a)   Name of issuer   3.   (a)   Title of the class of securities to be sold
    (b)   Issuer’s I.R.S. Identification Number       (b)   Name and address of each broker through whom the securities are intended to be sold
    (c)   Issuer’s S.E.C. file number, if any       (c)   Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
    (d)   Issuer’s address, including zip code       (d)   Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice
    (e)   Issuer’s telephone number, including area code       (e)   Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer

2.

   (a)   Name of person for whose account the securities are to be sold       (f)   Approximate date on which the securities are to be sold
    (b)   Such person’s I.R.S. identification number, if such person is an entity       (g)   Name of each securities exchange, if any, on which the securities are intended to be sold
    (c)   Such person’s relationship to the issuer (e.g., officer, director, 10% stockholder, or member of immediate family of any of the foregoing)            
    (d)   Such person’s address, including zip code            

 

Potential persons who are to 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.

 

TABLE I — SECURITIES TO BE SOLD

 

Furnish the following information with respect to the acquisition of the securities to be sold

and with respect to the payment of all or any part of the purchase price or other consideration therefor:

 

Title of

the Class

  

Date you

Acquired

   Nature of Acquisition Transaction  

Name of Person from Whom Acquired

(If gift, also give date donor acquired)

   Amount of
Securities Acquired		   Date of
Payment		   Nature of
Payment
Common   Mar 94   Private transaction   Jerry McCauley   135,000   Mar 94   Cash
Common   Apr 98   SI Tech Private Placement   SI Tech   40,000   Apr 98   Cash

INSTRUCTIONS:

   

If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

     

 

TABLE II — SECURITIES SOLD DURING THE PAST 3 MONTHS

 

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

 

Name and Address of Seller   Title of Securities Sold   Date of Sale   Amount of
Securities Sold		   Gross Proceeds

RICK A. BEETS

   None N/A   None   None   None

 

REMARKS:

 

INSTRUCTIONS:

See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

  

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed.

April 14, 2004

DATE OF NOTICE

  

/s/ Rick A. Beets

(SIGNATURE)

The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed.

Any copies not manually signed shall bear typed or printed signatures.

 

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)