Schedule 13G

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DjD5PUxtvjHa3lHroubHdWmqAqAgnB55NSqDrqcR5TBO+SdzVJzf4bWKlGc+YOIF v3sKZKRLmi2dXmgr0eoa+Q== 0001193125-10-142276.txt : 20100618 0001193125-10-142276.hdr.sgml : 20100618 20100618160603 ACCESSION NUMBER: 0001193125-10-142276 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100618 DATE AS OF CHANGE: 20100618 GROUP MEMBERS: MICHAEL J. JANDERNOA TRUST SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ASI TECHNOLOGY CORP CENTRAL INDEX KEY: 0000007951 STANDARD INDUSTRIAL CLASSIFICATION: INVESTORS, NEC [6799] IRS NUMBER: 880105586 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-80839 FILM NUMBER: 10905943 BUSINESS ADDRESS: STREET 1: 4215 FASHION SQUARE BLVD STREET 2: SUITE 3 CITY: SAGINAW STATE: MI ZIP: 48603 BUSINESS PHONE: 9987998720 MAIL ADDRESS: STREET 1: 4215 FASHION SQUARE BLVD STREET 2: SUITE 3 CITY: SAGINAW STATE: MI ZIP: 48603 FORMER COMPANY: FORMER CONFORMED NAME: ASI DATE OF NAME CHANGE: 20010323 FORMER COMPANY: FORMER CONFORMED NAME: ASSOCIATED SMELTERS INTERNATIONAL DATE OF NAME CHANGE: 19790709 FORMER COMPANY: FORMER CONFORMED NAME: SIERRA CASCADE ENTERPRISES INC DATE OF NAME CHANGE: 19720803 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JANDERNOA MICHAEL J CENTRAL INDEX KEY: 0001024511 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: C/O PERRIGO CO STREET 2: 333 BRIDGE STREET NW, SUITE 800 CITY: GRAND RAPIDS STATE: MI ZIP: 49504 SC 13G 1 dsc13g.htm SCHEDULE 13G Schedule 13G

CUSIP No. 00208C103

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Amendment No. )*

Information to be included in statements filed pursuant to Rules 13d-1(b), (c) and (d) and

amendments thereto filed pursuant to Rule 13d-2(b)¹

ASI Technology Corporation

(Name of issuer)

Common Stock, par value $0.001 per share

(Title of class of securities)

00208C103

(CUSIP number)

May 28, 2010

(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).

1 of 6 Pages

No Exhibit Index

CUSIP No. 00208C103


1.	Names of reporting persons. I.R.S. Identification Nos. of above persons (entities only). Michael J. Jandernoa
2.	Check the appropriate box if a member of a group (see instructions) (a) ¨ (b) ¨
3.	SEC use only
4.	Citizenship or place of organization: United States of America
Number of shares beneficially owned by each reporting person with		5.	Sole voting power – 14,036,745⁽¹⁾
		6.	Shared voting power – 0
		7.	Sole dispositive power – 14,036,745⁽¹⁾
		8.	Shared dispositive power – 0
9.	Aggregate amount beneficially owned by each reporting person – 14,036,745 ⁽¹⁾
10.	Check if the aggregate amount in Row (9) excludes certain shares (see instructions) – Not Applicable
11.	Percent of class represented by amount in Row (9): 8.0%⁽²⁾
12.	Type of reporting person – IN

(1)	Includes 5,527,260 shares of Common Stock that may be acquired within 60 days of the date of this Statement upon the exercise of outstanding warrants and the conversion of convertible notes.

(2)

Based on 176,054,328 shares of Common Stock, which comprises 170,527,068 shares of Common Stock outstanding as of June 4, 2010, as disclosed by the Company in its Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on June 4, 2010, and 5,527,260 shares of Common Stock that may be acquired within 60 days of the date of this Statement upon the exercise of outstanding warrants and the conversion of convertible notes.

2 of 6 Pages

No Exhibit Index

CUSIP No. 00208C103


1.	Names of reporting persons. I.R.S. Identification Nos. of above persons (entities only). Michael J. Jandernoa Trust
2.	Check the appropriate box if a member of a group (see instructions) (a) ¨ (b) ¨
3.	SEC use only
4.	Citizenship or place of organization: Michigan
Number of shares beneficially owned by each reporting person with		5.	Sole voting power – 14,036,745⁽¹⁾
		6.	Shared voting power – 0
		7.	Sole dispositive power – 14,036,745⁽¹⁾
		8.	Shared dispositive power – 0
9.	Aggregate amount beneficially owned by each reporting person – 14,036,745 ⁽¹⁾
10.	Check if the aggregate amount in Row (9) excludes certain shares (see instructions) – Not Applicable
11.	Percent of class represented by amount in Row (9): 8.0%⁽²⁾
12.	Type of reporting person – OO—Trust

(1)	Includes 5,527,260 shares of Common Stock that may be acquired within 60 days of the date of this Statement upon the exercise of outstanding warrants and the conversion of convertible notes.

(2)

Based on 176,054,328 shares of Common Stock, which comprises 170,527,068 shares of Common Stock outstanding as of June 4, 2010, as disclosed by the Company in its Current Report on Form 8-K filed with the SEC on June 4, 2010, and 5,527,260 shares of Common Stock that may be acquired within 60 days of the date of this Statement upon the exercise of outstanding warrants and the conversion of convertible notes.

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No Exhibit Index

CUSIP No. 00208C103

Item 1.

(a)

Name of Issuer –

ASI Technology Corporation (the “Company”)

(b)

Address of Issuer’s Principal Executive Offices –

4215 Fashion Square Blvd., Suite 3, Saginaw, Michigan, 48603

Item 2.

(a)

Name of Person Filing –

This statement on Schedule 13G (“Statement”) is filed by Michael J. Jandernoa (“Mr. Jandernoa” or the “Reporting Person”).

(b)

Address of Principal Business Office or, if none, Residence –

Michael J. Jandernoa

c/o Law Weathers & Richardson

333 Bridge Street, NW, Suite 800

Grand Rapids, Michigan 49504

(c)

Citizenship –

United States of America

(d)

Title of Class of Securities –

Common Stock, par value $0.001 per share, of the Company (“Common Stock” or “Shares”).

(e)

CUSIP Number –

00208C103

Item 3.

(a)-(j) Not Applicable.

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CUSIP No. 00208C103


Item 4.

	(a)	Amount beneficially owned – As of May 28, 2010, Mr. Jandernoa is the beneficial owner of 14,036,745 Shares, which includes 5,527,260 shares of Common Stock that may be acquired within 60 days of the date of this Statement upon the exercise of outstanding warrants and the conversion of convertible notes. The Michael J. Jandernoa Trust, of which Mr. Jandernoa is the sole trustee, holds the 14,036,745 shares of Common Stock, including the 5,527,260 shares of Common Stock that may be acquired within 60 days of the date of this Statement upon the exercise of outstanding warrants and the conversion of convertible notes. Mr. Jandernoa holds sole voting and dispositive power with respect to the Shares held by the Michael J. Jandernoa Trust. Mr. Jandernoa does not directly own any shares of Common Stock of the Company.

	(b)	Percent of class – As of May 28, 2010, the Reporting Person is the beneficial owner of 8.0% of the Company’s outstanding Common Stock, based on 176,054,328 shares of Common Stock, which comprises 170,527,068 shares of Common Stock outstanding as of June 4, 2010, as disclosed by the Company in its Current Report on Form 8-K filed with the SEC on June 4, 2010, and 5,527,260 shares of Common Stock that may be acquired within 60 days of the date of this Statement upon the exercise of outstanding warrants and the conversion of convertible notes.

	(c)	Number of Shares as to which the Reporting Person has:

		(i)	Sole power to vote or to direct voting –

			14,036,745

		(ii)	Shared power to vote or to direct voting –

			0

		(iii)	Sole power to dispose or to direct disposition –

			14,036,745

		(iv)	Shared power to dispose or to direct disposition –

			0

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 ¨.

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 or Control Person.

	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

	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.

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No Exhibit Index

CUSIP No. 00208C103

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: June 18, 2010		/s/ Michael J. Jandernoa
		Signature

		Michael J. Jandernoa
		As trustee of the Michael J. Jandernoa Trust and in his individual capacity

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No Exhibit Index

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