UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)
(Final Amendment)
Valence Technology, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
918914-10-2
(CUSIP Number of Class of Securities)
CUSIP No. 918914-10-2 13G
(1) NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
Lev M. Dawson
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*:
(a) ( )
(b) ( )
(3) SEC USE ONLY
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
: (5) SOLE VOTING POWER
: 982,150
:
: (6) SHARED VOTING POWER
NUMBER OF SHARES BENEFICIALLY : 0
OWNED BY EACH REPORTING PERSON :
WITH : (7) SOLE DISPOSITIVE POWER
: 982,150
:
: (8) SHARED DISPOSITIVE POWER
: 0
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
982,150 shares
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9
EXCLUDES CERTAIN SHARES*
( )
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.5%
(12) TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1(a) Name of Issuer:
Valence Technology, Inc.
Item 1(b) Address of Issuer's Principal Executive
Offices:
301 Conestoga Way
Henderson, Nevada 89015
Item 2(a) Name of Person Filing:
Lev M. Dawson
Item 2(b) Address of Principal Business Office, or,
if none, Residence:
c/o Dawson Farms, L.L.C.
2305 Highway 17
Delhi, LA 71232-7201
Item 2(c) Citizenship:
United States
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
918914-10-2
Item 3 Not Applicable.
Item 4 Ownership.
(a) Amount Beneficially Owned:
982,150* shares
(b) Percent of Class:
4.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote: 982,150*
(ii) shared power to vote or to direct
the vote: -0-
(iii) sole power to dispose or to
direct the disposition of: 982,150*
(iv) shared power to dispose or to direct
the disposition of: -0-
*shares of Common Stock held in
living trust by reporting person.
Item 5 Ownership of Five Percent or Less of a Class.
If this statement is being filed to report
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 (X).
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.
Item 8 Identification and Classification of Members
of the Group.
Not Applicable.
Item 9 Notice of Dissolution of Group.
Not Applicable.
Item 10 Certification.
Not Applicable.
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.
January 30, 1996
________________________________
Date
/s/ Lev M. Dawson
_________________________________
Signature: Lev M. Dawson