UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)*
Magellan Technology, Inc.
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(Name of Issuer)
Common Stock, $0.0001 Par Value
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(Title of Class of Securities)
559092-30-9
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(CUSIP Number)
Richard G. Brown, Esq.
Kimball, Parr, Waddoups, Brown & Gee
P.O. Box 11019
Salt Lake City, UT 84147
(801) 532-7840
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
November 3, 1994
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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. [ ]
*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 in 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 1 of 5 SEC 1746 (12-91)
<PAGE>
SCHEDULE 13D
CUSIP No. 559092-30-9 Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ballard Investment Company, Ltd.
(FEIN 87-0348327)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS*
WC
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Utah
7 SOLE VOTING POWER
791,160 (including currently exercisable warrants to
purchase 141,667 shares; reflects a 1 for 30 reverse
NUMBER OF stock split that was effective on September 26, 1994)
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH
791,160 (including currently exercisable warrants to
purchase 141,667 shares; reflects a 1 for 30 reverse
stock split that was effective on September 26, 1994)
10 SHARED DISPOSITIVE POWER
0
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
791,160 (including currently exercisable warrants to purchase 141,667
shares; reflects a 1 for 30 reverse stock split that was effective on
September 26, 1994)
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
28.9%
14 TYPE OF REPORTING PERSON*
PN
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
Page 3 of 5 Pages
This Amendment No. 8 to the Schedule 13D of Ballard Investment
Company, Ltd. amends and supplements, and should be read in conjunction
with, the Schedule 13D of Ballard Investment Company, Ltd. filed on
December 9, 1992, Amendment No. 1 thereto filed on February 9, 1993,
Amendment Nos. 2, 3 and 4 thereto filed on May 23, 1994, Amendment No. 5
thereto filed on October 5, 1994, Amendment No. 6 thereto filed on February
7, 1995 and Amendment No. 7 thereto filed on April 5, 1995.
Item 1. Security and Issuer
(a) Title of Class of Equity Securities:
Common stock, $0.0001 par value (the "Common Stock")
(b) Name of Issuer:
Magellan Technology, Inc. (the "Issuer")
(c) Address of Issuer's Principal Executive Offices
990 West Atherton Drive, Salt Lake City, UT 84123
Item 2. Identity and Background
(a) Name:
Ballard Investment Company, Ltd. (the "Reporting Person")
(b) Business Address and Principal Office:
145 South Fairway Drive, North Salt Lake, UT 84054
(c) Principal Business:
Management of investments in securities for the benefit of
its partners
(d) The Reporting Person has not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors)
during the last five years.
(e) The Reporting Person has not, during the last five years,
been a party to a civil proceeding involving federal or state
securities laws as described in the instructions for Item 2(e) of
Schedule 13D.
(f) Place of Organization:
Utah
The Reporting Person is a limited partnership, the general partners of
which, as of November 3, 1994, were M. Russell Ballard and Barbara B.
Ballard. Mr. Ballard is employed by the LDS Church, 47 East South Temple,
Salt Lake City, UT 84150. Mrs. Ballard is not employed outside of the
home. The Ballards have not been involved in any criminal or civil
proceedings during the last five years and are United States citizens. As
of January 6, 1997, the general partners of the Reporting Person were changed
to R & B, L.L.C., a Utah limited liability company, the Barbara B. Ballard
Trust, Aero Investments, L.C., a Utah limited liability company and BB &
<PAGE>
Page 4 of 5 Pages
BJ, Inc., a Utah corporation. The officers, directors and owners of BB &
BJ, Inc. are Bradford J. Brower and Tamara Brower. The Browers reside at
780 East 400 South, Kaysville, UT 84037. Bradford J. Brower is the
President and a Director of Naptech Pressure Systems Corporation and
Naptech, Inc., 851 South Freeport Industrial Parkway, Clearfield, UT 84015.
The Naptech companies are in the business of pipe manufacturing and were
recently acquired by the Shaw Group. The Browers have not been involved in
a criminal or civil proceeding during the last five years and are United
States citizens.
Item 3. Source and Amount of Funds or Other Consideration
On November 3, 1994, the Reporting Person acquired from the Issuer in
a private transaction 150,000 shares of the Common Stock at a purchase
price of $.10/share.
Item 4. Purpose of Transaction
The shares of the Common Stock acquired by the Reporting Person were
acquired for investment purposes.
The Reporting Person reserves the right to purchase additional shares
of the Common Stock or to dispose of shares of the Common Stock in the open
market, in privately negotiated transactions or in any other lawful manner
in the future. Except as described above, the Reporting Person presently
has no plans or proposals which relate to or would result in any action
enumerated in subparagraphs 9 (a) through (j) of the instructions for Item
4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer
(a) The Reporting Person has beneficial ownership of 791,160 (1) shares
of the Common Stock, which (i) includes currently exercisable warrants to
purchase 141,667 shares of the Common Stock, and (ii) represents 28.9% of
the outstanding shares of the Common Stock.
(b) The Reporting Person has sole power to vote, direct the vote,
dispose of or direct the disposition of 791,160 shares of the Common Stock.
(c) None.
(d) The Reporting Person is the only person with the right to receive
or the power to direct the receipt of dividends from, or the proceeds from
the sale of, the securities held by it.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
None.
Item 7. Material to be Filed as Exhibits
None.
_______________________________
(1) All numbers reflect a one for thirty reverse stock split of the
Common Stock that was effective on September 26, 1994.
<PAGE>
Page 5 of 5 Pages
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.
THE REPORTING PERSON:
BALLARD INVESTMENT COMPANY, LTD.,
a Utah limited partnership
By: /s/ M. RUSSELL BALLARD Date: February 25, 1997
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M. Russell Ballard, Trustee of a
Member of a General Partner
