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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Isonics Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
464895 10 1
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(CUSIP Number)
Brantley J. Halstead
5906 McIntyre Street, Golden, CO 80403 303-279-7900
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 22, 1997
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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 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.)
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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)
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SCHEDULE 13D
CUSIP No. 464895 10 1 Page 3 of 6
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Boris Rubizhevsky, SS# ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF / 7 / SOLE VOTING POWER
SHARES 1,775,730 shares
BENEFICIALLY --------------------------------------------------------------
OWNED BY / 8 / SHARED VOTING POWER
EACH -0-
REPORTING --------------------------------------------------------------
PERSON / 9 / SOLE DISPOSITIVE POWER
WITH 1,775,730 shares
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/ 10 / SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,923,293 shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.5%
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SCHEDULE 13D
CUSIP No. 464895 10 1 Page 4 of 6
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14 TYPE OF REPORTING PERSON*
IN
ITEM 1. SECURITY AND ISSUER
This Statement relates to the Common Stock (the "Shares") of Isonics
Corporation , a Colorado 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 Boris
Rubizhevsky, 5906 McIntyre Street, Golden, CO 80403.
The reporting person is Senior Vice 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 beneficially holds 1,922,293 shares of Common Stock of
Isonics Corporation as follows:
<TABLE>
<CAPTION>
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SECURITIES AMOUNT/SOURCE OF FUNDS
<S> <C>
options to acquire 22,500 The options were granted by the Board of Directors
shares of common stock in connection with the reporting person volunteering
to defer salary in March and April 1999.
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33,333 shares of common The warrants were purchased by the reporting person
stock underlying warrants with personal funds in a second private placement in
July 1999.
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91,730 shares of common The reporting person's wife purchased the shares for
held by the reporting $50,000 in stock personal funds in prior to
person's wife September 22, 1997.
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SCHEDULE 13D
CUSIP No. 464895 10 1 Page 5 of 6
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1,775,730 shares of The reporting person purchased these shares with
common stock personal funds prior to September 22, 1997.(1)
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1,000 shares of common The reporting person sold 1,000 shares in March
stock 2000.
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</TABLE>
ITEM 4. PURPOSE OF TRANSACTION
<TABLE>
<CAPTION>
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SECURITIES TRANSACTION
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<S> <C>
options to acquire 22,500 The reporting person acquired these shares for
shares of common stock investment purposes.
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33,333 shares of common The person acquired these shares for investment
stock underlying warrants purposes.
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91,730 shares of common The reporting person acquired these shares for
stock held by the reporting investment purposes.
person's wife
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1,775,730 shares of The reporting person acquired these shares for
common stock investment purposes.
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</TABLE>
ITEM 5. INTEREST IN THE SECURITIES OF THE ISSUER
The shares of Common Stock, Series A Convertible Preferred, the warrants
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 1,923,293 shares and 28.5%
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.
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(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 1,477,296 shares of common stock. In September 1996, the reporting
person exercised stock options to acquire 259,175 share 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. Also includes 33,333 shares of Common Stock underlying
33,333 shares of Series A Convertible Preferred Stock issued in connection with
a second private placement in January 1999 and 36,364 shares granted in the form
of a stock bonus in January 1999.
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SCHEDULE 13D
CUSIP No. 464895 10 1 Page 6 of 6
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ITEM 6. CONTRACT, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
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: April 21, 2000 By: /s/ Boris Rubizhevsky
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Boris Rubizhevsky
ATTENTION: Intentional misstatements or omissions of fact constitute federal
criminal violations. (See 18USC1001)
