SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Advanced Recycling Sciences, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
| 00762C 10 1 (CUSIP Number) |
February 2001
(Date of Event Which Requires Filing of this Schedule)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
x Rule 13d-1(c)
¨ Ruler 13d-1(d)
Schedule 13G
CUSIP No. 00762C 10 1
| 1 | NAMES OF REPORTING PERSONS
UTEK Corporation
IRS IDENTIFICATION NO:
59-3603677 |
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| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ¨ (b) ¨ |
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| 3 | SEC USE ONLY
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| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 SOLE VOTING POWER
2,094,052 6 SHARED VOTING POWER
-0- 7 SOLE DISPOSITIVE POWER
2,094,052 8 SHARED DISPOSITIVE POWER
-0- |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,094,052 |
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| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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¨
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| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.53%1 |
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| 12 | TYPE OF REPORTING PERSON
CO |
| 1 | Based on the number of outstanding shares of common stock of Advanced Recycling Sciences, Inc. disclosed in Advanced Recycling Sciences Inc.’s Form 10-QSB for the quarter ended March 31, 2003, and held by UTEK Corporation as of the date of the filing of this Schedule 13G. |
SCHEDULE 13G
CUSIP NO.: 00762C 10 1
| Item 1 |
(a). |
Name of Issuer
Advanced Recycling Sciences, Inc. |
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| Item 1 |
(b). |
Address of Issuer’s Principal Executive Offices
University Tower 4199 Campus Drive Suite 550 Irvine, CA 92612 |
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| Item 2 |
(a). |
Name of Person Filing
UTEK Corporation |
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| Item 2 |
(b). |
Address of Principal Business Office or, if None, Residence
202 South Wheeler Street Plant City, FL 33563 |
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| Item 2 |
(c). |
Citizenship
Delaware |
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| Item 2 |
(d). |
Title of Class of Securities
Common Stock |
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| Item 2 |
(e). |
CUSIP No.
00762C 10 1 |
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| Item 3. |
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |||||||||||
| (a) | ¨ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). | ||||||||||
| (b) | ¨ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). | ||||||||||
| (c) | ¨ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). | ||||||||||
| (d) | ¨ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). | ||||||||||
| (e) | ¨ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E). | ||||||||||
| (f) | ¨ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F). | ||||||||||
| (g) | ¨ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G). | ||||||||||
| (h) | ¨ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). | ||||||||||
| (i) | ¨ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | ||||||||||
| (j) | ¨ | Group, in accordance with §240.13d-1(b)(1)(ii)(J). | ||||||||||
| Item 4. |
Ownership
With respect to the beneficial ownership of shares of common stock of Advanced Recycling Sciences, Inc. by UTEK Corporation, see Items 5 through 8 of the cover pages to this Schedule 13G, which are incorporated herein by reference. |
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| Item 5. |
Ownership of Five Percent of Less of a Class
If this statement is 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 ¨. |
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| Item 6. |
Ownership of More than Five Percent on Behalf of Another Person
Not applicable |
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| Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
Not applicable | |||||||||
| Item 8. |
Identification and Classification of Members of the Group
Not applicable |
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| Item 9. |
Notice of Dissolution of the Group
Not applicable |
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| Item 10. |
Certifications
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. |
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SCHEDULE 13G
CUSIP NO: 00762C 10 1
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: May 24, 2005
| UTEK CORPORATION |
| /s/ Carole R. Wright |
| Carole R. Wright |
| Chief Financial Officer |