<PAGE>
OMB APPROVAL
OMB Number: 3235-0145
Expires: December 31, 1998
Estimated average burden hours per response 14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Isonics Corporation
-----------------------------------------------------------------------------
(Name of Issuer)
Common Stock
-----------------------------------------------------------------------------
(Title of Class of Securities)
464895 10 1
-----------------------------------------------------
(CUSIP Number)
Brantley J. Halstead
5906 McIntyre Street, Golden, CO 80403 303-279-7900
-----------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
September 22, 1997
-------------------------------------------------------------
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-l(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ X ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
<PAGE>
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13a-l(a) 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)
<PAGE>
SCHEDULE 13D
CUSIP No. 464895 10 1 Page 3 of 6
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James E. Alexander, SS# ###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
PF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- --------------------------------------------------------------------------------
NUMBER OF / 7 / SOLE VOTING POWER
SHARES 2,034,324 shares
BENEFICIALLY -----------------------------------------------------
OWNED BY / 8 / SHARED VOTING POWER
EACH 45,455 shares
REPORTING -----------------------------------------------------
PERSON / 9 / SOLE DISPOSITIVE POWER
WITH 2,034,324 shares
-----------------------------------------------------
/ 10 / SHARED DISPOSITIVE POWER
45,455 shares
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,104,779 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.3%
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 464895 10 1 Page 4 of 6
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
ITEM 1. SECURITY AND ISSUER
This Statement relates to the Common Stock (the "Shares") of Isonics
Corporation, a California corporation (the "Company"). The principal
executive offices of the Company are located at 5906 McIntyre Street, Golden,
CO 80403.
ITEM 2. IDENTITY AND BACKGROUND
The identity and business address of the reporting person is James E.
Alexander, 5906 McIntyre Street, Golden, CO 80403.
The reporting person is President and a Director of the Company.
The reporting person has not been convicted in a criminal proceeding of
the nature described in Item 2(d) of Schedule 13D in the last five years. The
reporting person has not been a party to a civil proceeding of the nature
described in Item 2(e) of Schedule 13D in the last five years.
The citizenship of the reporting person is the USA.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The reporting person holds 2,104,779 shares of common stock of Isonics
Corporation as follows:
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------
SECURITIES AMOUNT/SOURCE OF FUNDS
- ------------------------------------------------------------------------------------------------
<S> <C>
options to acquire 25,000 The options were granted by the Board of Directors in
shares of common stock connection with the reporting person volunteering to defer
salary in March and April 1999.
- ------------------------------------------------------------------------------------------------
45,455 shares of common The reporting person received these shares as a bonus in
stock held in the name of January 1999 and gifted these shares to the James and Carol
The James and Carol Alexander Foundation, Inc. in December 1999 for which no
Alexander Foundation, Inc. cash or other consideration was paid.
- ------------------------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 464895 10 1 Page 5 of 6
- --------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------
2,034,324 shares of The reporting person purchased these shares with personal
common stock funds prior to September 22, 1997.(1)
- ------------------------------------------------------------------------------------------------
</TABLE>
ITEM 4. PURPOSE OF TRANSACTION
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------
SECURITIES TRANSACTION
- ------------------------------------------------------------------------------------------------
<S> <C>
options to acquire 25,000 The reporting person acquired these shares for investment
shares of common stock purposes.
- ------------------------------------------------------------------------------------------------
45,455 shares of common The reporting person acquired these shares for investment
stock held in the name of purposes.
The James and Carol
Alexander Foundation, Inc.
- ------------------------------------------------------------------------------------------------
2,034,324 shares of The reporting person acquired these shares for investment
common stock purposes.
- ------------------------------------------------------------------------------------------------
</TABLE>
ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER
The shares of common stock and the options described in Item 3 above are
the only interest the reporting person has in Isonics Corporation.
The reporting person's aggregate interest and percentage of the class
of securities identified pursuant to Item 1 equals 2,104,779 shares and 20.3%
respectively.
The reporting person has no sole voting power, shared voting power, sole
dispositive power or shared dispositive power over any securities of Isonics
Corporation except the shares of common stock and the options described above.
ITEM 6. CONTRACT, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
- --------
(1) The predecessor entity to the Company was a general partnership. At the
time of incorporation in 1993, the reporting person exchanged his
partnership interests for 1,805,586 shares of common stock. In September
1996, the reporting person exercised stock options to acquire 259,175
shares of common stock at $0.64 per share. The exercise price of these
shares was paid by means of a loan from the Company in the principal amount
of the exercise price. In January 2000, the reporting person forfeited
30,437 shares of common stock to pay off the loan plus accrued interest.
<PAGE>
SCHEDULE 13D
CUSIP No. 464895 10 1 Page 6 of 6
- --------------------------------------------------------------------------------
None
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
N/A
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.
Dated: May 1, 2000 By: /s/James E. Alexander
------------------- -------------------------------
James E. Alexander
ATTENTION: Intentional misstatements or omissions of fact constitute federal
criminal violations. (See 18USC1001)
