-----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, OrU1Z6kziBtZ+UIzn5z/Y8kPexV4GuM7B+wQo4Ni9VcxTj0L6W3Qa8KzwZv3nBK/ AcRVIlZEXwMo6dT/eEne8A== 0000898432-06-000196.txt : 20060215 0000898432-06-000196.hdr.sgml : 20060215 20060214173901 ACCESSION NUMBER: 0000898432-06-000196 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060215 DATE AS OF CHANGE: 20060214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DAYSTAR TECHNOLOGIES INC CENTRAL INDEX KEY: 0001262200 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 841390053 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79773 FILM NUMBER: 06617904 BUSINESS ADDRESS: STREET 1: 13 CORPORATE DRIVE CITY: HALFMOON STATE: NY ZIP: 12065 BUSINESS PHONE: 518-383-4600 MAIL ADDRESS: STREET 1: 13 CORPORATE DRIVE CITY: HALFMOON STATE: NY ZIP: 12065 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ELAZAR ADVISORS, LLC CENTRAL INDEX KEY: 0001339785 IRS NUMBER: 200837566 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1270 AVENUE OF THE AMERICAS STREET 2: SUITE 210 CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 212-265-7003 MAIL ADDRESS: STREET 1: 1270 AVENUE OF THE AMERICAS STREET 2: SUITE 210 CITY: NEW YORK STATE: NY ZIP: 10020 SC 13G/A 1 schedule13g.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Daystar Technologies, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 23962Q100 - -------------------------------------------------------------------------------- (CUSIP Number) year-end - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ X ] Rule 13d-1(b) [ ] 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). Page 1 of 6 pages CUSIP No. 23962Q100 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Elazar Advisors, LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware ---------------------------------------------------------------- Number of Shares 5. Sole Voting Power 30,049 Beneficially Owned by Each ---------------------------------------------------------------- Reporting Person With: 6. Shared Voting Power 0 ---------------------------------------------------------------- 7. Sole Dispositive Power 30,049 ---------------------------------------------------------------- 8. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 30,049 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 2.39% - -------------------------------------------------------------------------------- 12. Type of Reporting Person IA - -------------------------------------------------------------------------------- Page 2 of 6 pages ITEM 1. (a) Name of Issuer DAYSTAR TECHNOLOGIES, INC. (b) Address of Issuer's Principal Executive Offices 900 GOLDEN GATE TERRACE, SUITE A GRASS VALLEY, CA 95945 ITEM 2. (a) Name of Person Filing CHARLES H. SIEGEL (b) Address of Principal Business Office 1270 AVENUE OF THE AMERICAS, SUITE 210 NEW YORK, NY 10020 (c) Citizenship USA (d) Title of Class of Securities COMMON STOCK (e) CUSIP Number 23962Q100 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) / / Broker of dealer registered under section 15 of he Act; (b) / / Bank as defined in section 3(a)(6) of the Act; (c) / / Insurance company as defined in section 3(a)(19) of the Act; (d) / / Investment company registered under section 8 of the Investment Company Act of 1940; (e) /X/ An investment adviser in accordance with Section 240.13d- 1(b)(l)(ii)(E); (f) / / An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) / / A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); (h) / / A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (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; (j) / / Group, in accordance with Section 240.13d-1((b)(l)(ii)(J) ITEM 4. OWNERSHIP. (a) Amount beneficially owned: 30,049 (b) Percent of class: 2.39% Page 3 of 6 pages (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 30,049 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 30,049 (iv) Shared power to dispose or to direct the disposition of 0 Page 4 of 6 pages 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: [ X ] Elazar Advisors, LLC, a Delaware Limited Liability Company ("Elazar") currently provides discretionary investment management services to three privately owned entities exempt from registration under the Investment Company Act of 1940 and one managed account. For purposes of Rule 13d-3 of the Securities Exchange Act of 1934 ("Exchange Act"), Elazar may be deemed to be the beneficial owner of the common stock of the Issuer held by the separate entities and the account. Elazar became registered as an investment adviser under the Investment Advisers Act of 1940, on January 20, 2006. In 2005, each of the entities and the accounts managed by Elazar had different beneficial owners and held less than five percent of the common stock of the Issuer, but the aggregate holdings of the entities and the accounts then managed by Elazar exceeded five percent of the common stock of the Issuer. Consequently, on October 3, 2005, Elazar filed a Schedule 13G pursuant to Rule 13d-1(c) of the Exchange Act. Since October 31, 2005, the aggregate holdings of the common stock of the Issuer held by the entities and the accounts managed by Elazar has been less than five percent of the common stock of the issuer . Therefore, Elazar is filing this amended Schedule 13G pursuant to Rule 13d-1(b) and Rule 13d-2(b) of the Exchange Act. Elazar disclaims beneficial ownership of the common stock covered by this Schedule 13G. ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. The entities and accounts referenced in the footnote to Item 5, none of which hold more than five percent of the common stock of the Issuer, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock covered by this Schedule 13G. 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 By signing below I certify that, to 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. Page 5 of 6 pages 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. Date: February 14, 2006 /s/ CHARLES H. SIEGEL ----------------------- Name: Charles H. Siegel Title: Managing Member Page 6 of 6 pages -----END PRIVACY-ENHANCED MESSAGE-----