OMB APPROVAL
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OMB Number 3235-0145
Expire August 31, 1999
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.__)*
Magellan Technology, Inc.
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(Name of Issuer)
Common Stock, $.0001 Par Value
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(Title of Class of Securities)
559092-40-8
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(CUSIP Number)
July 14, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
| | Rule 13d-1(b)
|X| Rule 13d-1(c)
| | Rule 13d-1(d)
*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 the
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).
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.
SEC 1745 (3-98)
Page 1 of 5 Pages
<PAGE>
CUSIP No. 559092-40-8
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Ballard Investment Company, Ltd.
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) | |
(b) | |
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3. SEC Use Only __________________________________________________________
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4. Citizenship or Place of Organization Utah
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5. Sole Voting Power 1,724,987
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Number of
Shares Bene- 6. Shared Voting Power None
ficially ----
Owned by Each
Reporting 7. Sole Dispositive Power 1,724,987
Person With: ---------
8. Shared Dispositive Power None
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,724,987
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) o
11. Percent of Class Represented by Amount in Row (11) 11.0%
-----
12. Type of Reporting Person (See Instructions) PN
--
SEC 1745 (3-98)
Page 2 of 5 Pages
<PAGE>
CUSIP No. 559092-40-8
Item 1.
(a) Name of Issuer: Magellan Technology, Inc.
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(b) Address of Principal Executive Offices: 13526 South 110 West,
------------------------------------------
Draper, UT 84020
Item 2.
(a) Name of Person Filing: Ballard Investment Company, Ltd. (the
-----------------------
"Reporting Person")
(b) Address of Principal Business Office, if none, Residence: 145 South
---------------------------------------------------------
Fairway Drive, North Salt Lake, UT 84054
(c) Citizenship: Utah
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(d) Title of Class of Securities: Common Stock, $.0001 Par Value (the
----------------------------
"Common Stock")
(e) CUSIP Number: 559092-40-8
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Item 3.
This statement is not filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or
(c). ---
Item 4. Ownership
(a) Amount Beneficially Owned: 1,724,987 shares of the Common Stock
(b) Percent of Class: 11.0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 1,724,987 shares
of the Common Stock
(ii) Shared power to vote or to direct the vote: None
(iii) Sole power to dispose or to direct the disposition of:
1,724,987 shares of the Common Stock
(iv) Shared power to dispose or to direct the disposition of:
None
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following o
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
Not applicable.
SEC 1745 (3-98)
Page 3 of 5 Pages
<PAGE>
CUSIP No. 559092-40-8
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Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SEC 1745 (3-98)
Page 4 of 5 Pages
<PAGE>
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.
DATED: July 14, 1998
BALLARD INVESTMENT COMPANY, LTD., a Utah
limited partnership
/s/ M. RUSSELL BALLARD
----------------------
M. Russell Ballard, Trustee of a Member of a General
Partner
SEC 1745 (3-98)
Page 5 of 5 Pages
