SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 2 to
Schedule 13D
Under the Securities Exchange Act of 1934
Electronic Systems Technology, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
0002858481
(CUSIP Number)
Vern D. Kornelsen, General Partner
EDCO Partners LLLP
4605 Denice Drive, Englewood, CO 80111 (303) 796-9192
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 9, 2000
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following box: [ ].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) 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>
Common Stock CUSIP No. 0002858481 Page 2 of 5
(1) Names of Reporting Persons
EDCO Partners LLLP
I.R.S. Identification Nos. of Above Persons (entities only)
84-1151470
(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
(3) SEC Use Only
(4) Source of Funds
Capital contributions of limited partners
(5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e) [ ]
(6) Citizenship or Place of Organization
Colorado
Number of Shares (7) Sole Voting Power 380,165 Shares
Beneficially Owned
by Each Reporting (8) Shared Voting Power 0 Shares
Person With
(9) Sole Dispositive Power 380,165 Shares
(10) Shared Dispositive Power 0 Shares
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
380,165 Shares
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
(13) Percent of Class Represented by Amount in Row (11)
7.7%
(14) Type of Reporting Person
PN
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 2
TO
SCHEDULE 13D
Statement of
EDCO PARTNERS LLLP
Pursuant to Section 13(d) of the
Securities Exchange Act of 1934
in respect of
ELECTRONIC SYSTEMS TECHNOLOGY, INC.
(Commission File No. 2-92949-S)
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The Reporting Person presently beneficially owns 380,165 Shares
of Common Stock which represent approximately 7.7% of the
4,953,667 Shares of Common Stock outstanding as of September 30,
1999. The total number of Shares outstanding and the percentage
held by the Reporting Person are based on the representations of
the Issuer contained in the Form 10-QSB Quarterly Report dated as
of November 4, 1999.
Vern D. Kornelsen, who is listed in Item 2, does not beneficially
own any shares of the Issuer.
(b) The Reporting Person, acting through Vern D. Kornelsen, as the
general partner, has the sole power to vote or direct the vote,
and sole power to dispose or to direct the disposition of the
380,165 Shares.
(c) The Reporting Person purchased on the market 12,000 Shares of
Common Stock of Electronic Systems Technology, Inc., on July 30,
1999, at .3625 per Share, 34,300 Shares of Common Stock of
Electronic Systems Technology, Inc., on August 31, 1999, at
approximately $.36 per Share, and 63,065 Shares of Common Stock
of Electronic Systems Technology, Inc., on December 31, 1999, at
approximately $.36 per Share.
3
<PAGE>
The Reporting Person sold on the market 39,700 shares of Common
Stock of Electronic Systems Technology, Inc. on February 8, 2000,
at $1.50 per Share, and 22,500 Shares of Common Stock of
Electronic Systems Technology, Inc., on February 9, 2000 at $3.00
per Share.
(d) Not applicable.
(e) Not applicable.
4
<PAGE>
Page 5 of 5
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.
March 9, 2000 EDCO PARTNERS LLLP
/s/ Vern D. Kornelsen
---------------------
Vern D. Kornelsen, General Partner
