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1.
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Names of Reporting Persons
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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3.
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SEC Use Only
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4.
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Source of Funds (See Instructions)
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5.
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) □
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6.
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Citizenship or Place of Organization
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Number of
Shares Bene-
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7.
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Sole Voting Power 464,808
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ficially Owned by Each
Reporting
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8.
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Shared Voting Power -0-
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Person With
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9.
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Sole Dispositive Power 464,808
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10.
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Shared Dispositive Power -0-
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(1)
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Based on 9,146,556 shares outstanding as of May 8, 2013.
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Item 1.
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Security and Issuer
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Item 2.
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Identity and Background
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(a)
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This statement is being filed by Donald W. Rowley (the “Reporting Person”).
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(b)
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The Reporting Person’s principal business address is 25501 Arctic Ocean Drive, Lake Forest, CA 92630.
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(c)
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The Reporting Person’s present principal occupation is Chief Executive Officer of iTEK Holding, Inc, 25501 Arctic Ocean Drive, Lake Forest, CA 92630.
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(d)
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During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
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(e)
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During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.
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| (f) |
Citizenship: United States.
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Item 3.
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Source and Amount of Funds or Other Consideration
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Item 4.
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Purpose of Transaction
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Item 5.
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Interest in Securities of the Issuer
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(a)
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As of the date hereof, the Reporting Person beneficially owns 464,808 shares of the Company’s common stock, which represents approximately 5.1% of the Company’s common stock.
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(b)
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The Reporting Person may be deemed to hold sole voting and dispositive power over 464,808 shares of common stock of the Company.
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(c)
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On April 25, 2013, the Reporting Person sold an aggregate of 19,483 shares of common stock for an aggregate purchase price of $21,421. On April 26, 2013, the Reporting Person sold an aggregate of 43,217 shares of common stock for an aggregate purchase price of $45,145. On April 30, 2013, the Reporting Person sold an aggregate of 3,716 shares of common stock for an aggregate purchase price of $4,295. On May 1, 2013, the Reporting Person sold an aggregate of 23,500 shares of common stock for an aggregate purchase price of $26,634. On May 2, 2013, the Reporting Person sold an aggregate of 10,000 shares of common stock for an aggregate purchase price of $10,675. On May 6, 2013, the Reporting Person sold an aggregate of 2,000 shares of common stock for an aggregate purchase price of $2,120. On May 7, 2013, the Reporting Person sold an aggregate of 15,000 shares of common stock for an aggregate purchase price of $16,539. On May 8, 2013, the Reporting Person sold an aggregate of 15,000 shares of common stock for an aggregate purchase price of $16,500. Other than the acquisition or disposition of the shares as reported herein, the Reporting Person has not effected any transactions in the shares of the Company during the past 60 days or since the most recent filing of Schedule 13D, whichever is less.
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(d)
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To the best knowledge of the Reporting Person, no person other than the Reporting Person has the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of the 464,808 shares of common stock reported in Item 5(a).
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| (e) | Not applicable. |
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
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Item 7.
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Material to Be Filed as Exhibits
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| May 9, 2013 |
/s/ Donald W. Rowley
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Donald W. Rowley
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