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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
1. Name and Address of Reporting Person: MARK A. SCHARMANN
1661 LAKEVIEW CIRCLE, OGDEN, UT 84403
2. Issuer Name and Ticker or Trading Symbol: IMMUNOTECHNOLOGY CORP (ITRXD)
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Statement for Month/Year: 04/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all Applicable)
(X) Director (X) Officer, give title below (X) 10% Owner ( ) Other
Title: VICE-PRESIDENT
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 I
NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security: COMMON STOCK
2. Transaction Date (Month/Day/Year): 4/1/99
3. Transaction Code: Code: M V: X
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4. Securities Acquired (A) or Disposed of (D):
Amount: (A) 3,459,208 Price: $0.03125
Amount: (D) ________ Price: _______
5. Amount of Securities Beneficially Owned at End of Month: 3,546,058
6. Ownership Form: Direct (D) or Indirect (I): (D) 3,459,208 (I) 86,850
7. Nature of Indirect Beneficial Ownership: N/A
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TABLE II
DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF OR BENEFICIALLY OWNED
1. Title of Derivative Security: N/A
2. Conversion or Exercise Price of Derivative Security: N/A
3. Transaction Date (Month/Day/Year): N/A
4. Transaction Code: Code __ V __
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(A) ______ (D) _______
6. Date Exercisable and Expiration Date (Month/Day/Year):
Date Exercisable __________ Expiration Date __________
7. Title and Amount of Underlying Securities:
Title: _____________________ Amount or Number of Shares __________
8. Price of Derivative Security:
9. Number of Derivative Securities Beneficially Owned at End of Month:
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I):
(D) __ (I) __
11. Nature of Indirect Beneficial Ownership: N/A
Explanation of Responses: THE SECURITIES WERE ACQUIRED IN GOOD FAITH IN
CONNECTION WITH A DEBT PREVIOUSLY CONTRACTED WITH THE ISSUER.
Signature of Reporting Person: /s/ Mark A. Scharmann
Date: 4/6/99
