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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person:
Mike Barnett, 324 Lintz, Lemont, Illinois 60439
2. Date of Event Requiring Statement (Month/Date/Year): 07/21/99
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Issuer Name and Ticker or Trading Symbol:
Lexon Technologies, Inc. (LXTI)
5. Relationship of Reporting Person(s) to Issuer (Check all Applicable)
( ) Director (X) Officer, give title below ( ) 10% Owner ( ) Other
Title: Secretary, Senior Vice President
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION> TABLE I - Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of 3. Ownership 4. Nature of
Securities Form: Direct Indirect
Beneficially (D) or Beneficial
Owned Indirect (I) Ownership
- -------------------- --------------- --------------- ---------------
<S> <C> <C> <C>
Common Stock 442,400 shares D N/A
</TABLE>
<TABLE>
<CAPTION> TABLE II - Derivative Securities Beneficially Owned
1. Title of 2. Date Exercisable 3. Title and Amount of 4. Conver- 5. Ownership 6. Nature
Derivative and Expiration Securities Underlying sion or Form of Of
Security Date (Month Day Derivative Security Exercise Derivative Indirect
Year) Price of Security: Ownership
------------------- ---------------------- Derivative Direct (D)
Date Exer- Expira- Title Amount or Security Or Indirect
cisable tion Number of (I)
Date Shares
- ----------- ---------- -------- ----------- ---------- ---------- ----------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Stock Common
Options 7/15/99 7/15/09 Stock 115,500 $0.50 D N/A
Stock Common
Options 7/21/99 7/21/09 Stock 627,500 $2.80 D N/A
</TABLE>
Explanation of Responses:
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Signature of Reporting Person:
/S/ Mike Barnett
- ------------------------------------
Mike Barnett
Date: 7/21/99
