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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
ARINCO COMPUTER SYSTEMS INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
040397 10 1
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(CUSIP Number)
Leon Nash, 2 Bayclub Drive, Bayside, NY 11360 (718) 423-7796
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 28, 2000
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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-1(b)(3) or (4), check the following box / /.
Check the following box if a fee is being paid with the statement / /. (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.)
(Continued on following pages)
(Page 1 of 4 Pages)
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Schedule 13D Forms 7060
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CUSIP NO. 040397 10 1 13D PAGE 2 OF 4 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Leon Nash
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) /X/
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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
United States
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7 SOLE VOTING POWER
NUMBER OF 325,000
SHARES ----------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH ----------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 325,000
WITH ----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
325,000
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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)
Under Five Percent.
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
2
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Page 3 of 4 Pages
ITEM 1. SECURITY AND ISSUER.
This statement relates to the Common Stock of the following
corporation (the "Company"):
ARINCO COMPUTER SYSTEMS INC.
1650 University Blvd.
Suite 100
Albuquerque, NM 87102
ITEM 2. IDENTITY AND BACKGROUND.
Leon Nash
2 Bayclub Drive
Bayside, NY 11360
Mr. Nash is an executive employed by Business Funding Corporation, 370
Lexington Avenue, New York, New York 10017, a corporation engaged in business
lending. Mr. Nash, a citizen of the United States, has not, during the last
five years, been convicted in a criminal proceeding or been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction
resulting in, or subjecting him to, 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Not applicable.
ITEM 4. PURPOSE OF TRANSACTION.
Not applicable.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
As a result of the issuance of Common Stock by the Company, as
described in Schedule 13D filed by Culmen Technology Partners, L.P. on April 6,
2000, Mr. Nash no longer beneficially owns more than 5% of any class of equity
security.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
There are no exhibits filed.
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Page 4 of 4 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certifies that the information set forth in the
Statement is true, correct and complete.
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Date
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Signature
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Name/Title
