UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
ALANCO TECHNOLOGIES, INC.
(Name of Issuer)
Class A Common Stock
Title of Class of Securities
011612
(CUSIP Number)
John A. Carlson
Alanco Technologies, Inc.
15575 N. 83rd Way, Ste 3
Scottsdale, AZ 85260
480 607-1010 X 869
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
June 30, 2006
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement of Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box ( )
*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.011612
-------------------------------------------------------------------------------
1.Names of Reporting Persons: Timothy P. Slifkin
I.R.S. Identification Nos. of above persons (entities only): Not applicable
-------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See instructions)
(a) ( ) (b) ( )
-------------------------------------------------------------------------------
3. SEC Use Only:
-------------------------------------------------------------------------------
4. Source of Funds (See Instruction): OO - Sold business assets to issuer.
-------------------------------------------------------------------------------
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 Beneficially Owned by Each Reporting Person With:
7. Sole Voting Power: 2,164,706 Class A Common Shares + vested options to
purchase 400,000 shares of Class A Common Stock
8: Shared Voting Power:
9. Sole Dispositive Power: 2,164,706 Class A Common Shares + vested options to
purchase 400,000 shares of Class A Common Stock
10. Shared Dispositive Power:
11: Aggregate Amount Beneficially Owned by Each Reporting Person: 2,164,706
Class A Common Shares + vested options to purchase 400,000 shares of Class A
Common Stock
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions):
13. Percent of Class Represented by Amount in Row (11): 6.65%
14: Type of Reporting Person (See Instructions): IN
-------------------------------------------------------------------------------
ITEM 1: SECURITY AND ISSUER.
Class A Common Stock Alanco Technologies, Inc.
15575 N. 83rd Way, Suite 3
Scottsdale, AZ 85260
ITEM 2. IDENTITY AND BACKGROUND.
(a) Name of Person Filing this Statement: Timothy P. Slifkin
(b) Residence or Business Address:
Business Address
106 American Road
Morris Plains, NJ 07950
(c) Present Principal Occupation and Employment: The Reporting Person is
the Co-founder, President and Chief Executive Officer of StarTrak Systems, LLC
(StarTrak) a wholly owned subsidiary of Alanco Technologies, Inc.
(d) Criminal Convictions: The reporting Person has not been convicted in any
criminal proceeding (excluding traffic violations or similar misdemeanors)
during the last five years.
(e) Civil Proceedings: The Reporting Person has not been a party to any civil
proceeding of a judicial or administrative body of competent jurisdiction where,
as a result of such proceeding, there was or is 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.
(f) Citizenship: The Reporting Person is a citizen of the United States.
-------------------------------------------------------------------------------
ITEM 3. SOURCE AND AMOUNT OF FUNDS OROTHER CONSIDERATION.
Mr. Slifkin acquired 2,164,706 shares of Class A Common Stock directly from the
issuer as part of an acquisition whereby the issuer purchased the assets of
StarTrak Systems, LLC, effective June 30, 2006.
ITEM 4. PURPOSE OF TRANSACTION.
Mr. Slifkin's acquisition of Class A Common Stock of the issuer is for
investment purposes. As an employee of the issuer, Mr. Slifkin has also been
granted employee stock options with respect to the issuer's common stock for
incentive purposes. Mr. Slifkin currently has vested options to purchase 400,000
shares of the issuer's Class A Common Stock that were granted as part of his
employment on June 30, 2006.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Aggregate Beneficial Ownership: 2,164,706 shares of Class A Common Stock
+ vested options to purchase 400,000
shares of Class A Common Stock
(b) Power to Vote and Dispose of the Company Shares: The Reporting Person has
the sole power to vote or to direct the vote of the shares held by him and has
the sole power to dispose of or to direct the disposition of the shares held by
him.
(c) Transactions Effected During the Past 60 Days: The Reporting Person has not
effected any transactions in the Company's securities during the past 60 days.
(d) Right of Others to Receive Dividends or Proceeds of Sale: None
(e) Date Ceased to be the Beneficial Owner of More than Five Percent: Not
applicable
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 Timothy P. Slifkin 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. Mr. Slifkin is the President and Chief Executive Officer
of StarTrak, a wholly owned subsidiary of the issuer, and his options to acquire
shares of common stock are subject to the various option plans of the issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
StarTrak Agreement and Plan of Reorganization - Incorporated by reference as
exhibit included in Form 8-K filed on June 27, 2006
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 and complete.
July 14, 2006
-------------
Date
/s/ Timothy P. Slifkin
----------------------
Signature
Timothy P. Slifkin / Chief Executive
Officer - StarTrak
------------------------------------
Name/Title