SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MURDOCH PETER L

(Last) (First) (Middle)
37 BELLFAIR AVENUE

(Street)
TORONTO A6 M9L 3T7

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SENTRY TECHNOLOGY CORP [ SKVY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
President
3. Date of Earliest Transaction (Month/Day/Year)
05/04/2004
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common stock 05/04/2004 P 30,000,000 A (1) 54,859,655(2) D(2) (2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
MURDOCH PETER L

(Last) (First) (Middle)
37 BELLFAIR AVENUE

(Street)
TORONTO A6 M9L 3T7

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
X Officer (give title below) Other (specify below)
President
1. Name and Address of Reporting Person*
SABURAH INVESTMENTS INC

(Last) (First) (Middle)
37 VOYAGER COURT NORTH

(Street)
TORONTO A6 M9W 4Y2

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. These shares were acquired by Saburah Investments, Inc. ("Saburah") pursuant to the terms of a Stock Purchase Agreement dated April 30, 2004 between Saburah and Sentry. The consideration paid to Sentry for the common stock by Saburah includes (i) the sale of all of the outstanding capital stock of ID Systems USA, Inc. ("ID USA"), a wholly owned subsidiary of Saburah, to Sentry; (ii) the sale of all of the outstanding common shares and Series "A" preference shares of ID Systems Canada, Inc. ("ID Canada"), a wholly owned subisdiary of Saburah, to Sentry; (iii) the sale by Saburah to Sentry of that certain promissory note made in Saburah's favor by ID Canada in the principal amount of CDN $73,423.24; and (iv) the sale by Saburah to Sentry of that certain promissory note made in Saburah's favor made by ID USA in the principal amount of CDN $376,453.30. Saburah is 100% owned by Peter Murdoch.
2. Total amount of shares includes 52,859,655 shares owned by Saburah and 2,000,000 shares owned directly by Peter Murdoch.
Remarks:
/s/ Peter L. Murdoch 05/05/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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