0000893838-11-000024.txt : 20110502 0000893838-11-000024.hdr.sgml : 20110502 20110502160250 ACCESSION NUMBER: 0000893838-11-000024 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110502 DATE AS OF CHANGE: 20110502 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 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79773 FILM NUMBER: 11800628 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: Dynamic Worldwide Solar Energy, LLC CENTRAL INDEX KEY: 0001505935 IRS NUMBER: 273959785 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 3960 HOWARD HUGHES PARKWAY, SUITE 500 CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: (310) 498-5371 MAIL ADDRESS: STREET 1: 3960 HOWARD HUGHES PARKWAY, SUITE 500 CITY: LAS VEGAS STATE: NV ZIP: 89109 SC 13D/A 1 dynamic13da050211.htm SCHEDULE 13D AMENDMENT NO. 6 dynamic13da050211.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
 
SCHEDULE 13D
 
Under the Securities Exchange Act of 1934
 
(Amendment No. 6)
 
DayStar Technologies, Inc.

 
(Name of Issuer)
 
Common Stock, par value $0.01 per share
 
  
(Title of Class of Securities)
 
23962Q 100
 
 
(CUSIP Number)
 
Dynamic Worldwide Solar Energy, LLC
515 Madison Avenue, 29th Floor
New York, NY 10022
Attention: Mr. Robert Entler
(212) 632-4808
 
with a copy to:
Stephen B. Delman
515 Madison Avenue, 29th Floor
New York, NY 10022
(212) 632-4817
  
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
   
April 29, 2011
 
  
 
(Date of Event which Requires Filing of this Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  o
 
The information required on 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 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
 
 
 
 
SCHEDULE 13D
 
CUSIP No. 23962Q 100
  
 
Page 2 of 5 Pages
 
1
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
 
 Dynamic Worldwide Solar Energy, LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                                                                                  (a)  [   ]
                                          (b)  [   ] 
 
3
SEC USE ONLY
 
4
SOURCE OF FUNDS
 
 WC
 
5
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)          [   ]
 
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 Delaware
 
NUMBER OF
 
SHARES
7
SOLE VOTING POWER
 
 425,018 shares1 (See Item 5)
 
BENEFICIALLY
 
OWNED BY
8
SHARED VOTING POWER
 
 -0-
 
EACH
 
REPORTING
9
SOLE DISPOSITIVE POWER
 
 425,018 shares1 (See Item 5)
 
PERSON
 
WITH
10
SHARED DISPOSITIVE POWER
 
 -0-
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                           [   ]
 
 425,018 shares1 (See Item 5)
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 4.9% of outstanding shares of Common Stock2 (See Item 5)
 
14
TYPE OF REPORTING PERSON
 
 OO
 
 
 
___________________________________________
1         Includes 240,741 shares of Common Stock issuable upon exercise of the Warrant.
2         Includes as outstanding 240,741 shares of Common Stock issuable upon exercise of the Warrant.
 
 
 
 
SCHEDULE 13D
CUSIP No. 23962Q 100
  
 
Page 3 of 5 Pages
 
 
Item 1.
Security and Issuer.
 
This Amendment No. 6 ("Amendment No. 6") further amends and supplements the Schedule 13D dated November 18, 2010 (the "Schedule 13D"), filed by Dynamic Worldwide Solar Energy, LLC, a Delaware limited liability company ("Dynamic"), with respect to beneficial ownership of (1) shares of common stock, par value $0.01 per share (the "Common Stock"), of DayStar Technologies, Inc., a Delaware corporation (the "Company"), and (2) a warrant to purchase up to 240,741 shares of Common Stock (the "Warrant"), as such Schedule 13D has been amended and supplemented by Amendment No. 1 to Schedule 13D dated January 24, 2011 ("Amendment No. 1"), Amendment No. 2 to Schedule 13D dated February 7, 2011 ("Amendment No. 2"), Amendment No. 3 to Schedule 13D dated February 15, 2011 ("Amendment No. 3"), Amendment No. 4 to Schedule 13D dated March 31, 2011 ("Amendment No. 4") and Amendment No. 5 to Schedule 13D dated April 18, 2011 ("Amendment No. 5").
 
This Amendment No. 6 is being filed to update Item 5 of the Schedule 13D, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4 and Amendment No. 5.
 
Unless otherwise defined in this Amendment No. 6, capitalized terms have the meanings set forth in the Schedule 13D, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4 and Amendment No. 5.
 
The Company’s principal executive office is located at 1010 South Milpitas Boulevard, Milpitas, California 95035.
 
 
Item 5.
Interest in Securities of the Issuer.
 
Item 5 is amended to include the following information:
 
(a) Based on the Company's annual report on Form 10-K/A for the fiscal year ended December 31, 2010, as of March 28, 2011 there were 8,416,054 shares of Common Stock issued and outstanding.  Dynamic beneficially owns 425,018 shares of Common Stock, including 240,741 shares underlying the Warrant exercisable for 240,741 shares of Common Stock.  Since April 18, 2011, Dynamic has sold an aggregate of 93,521 shares of Common Stock on the open market.  Based on the number of shares issued and outstanding as of March 28, 2011 and including 240,741 shares issuable upon exercise of the Warrant, Dynamic beneficially owns approximately 4.9% of the outstanding Common Stock of the Company.
 
(b) Dynamic has the sole power to vote or dispose of the 184,277 shares of Common Stock and any Common Stock acquired upon exercise of the Warrant.
 
Section (c) of Item 5 is supplemented as follows:
 
(c) During the past 60 days, Dynamic effected the following transactions with respect to the Common Stock:
 
 
 
 
 
SCHEDULE 13D
CUSIP No. 23962Q 100
  
 
Page 4 of 5 Pages
 
 
Dynamic sold the following shares of Common Stock on the open market:
 
Date
 
Shares
Price
April 18, 2011
 
15,459
$0.80
April 21, 2011
 
27,197
$0.8008
April 26, 2011
 
795
$0.79
April 26, 2011
 
10,800
$0.80
April 26, 2011
 
1,000
$0.8008
April 26, 2011
 
2,000
$0.8015
April 27, 2011
 
6,000
$0.80
April 27, 2011
 
2,500
$0.8004
April 27, 2011
 
1,770
$0.82
April 28, 2011
 
3,500
$0.80
April 28, 2011
 
2,500
$0.8001
April 29, 2011
 
10,000
$0.82
April 29, 2011
 
10,000
$0.8224
 
Item 5 is amended to include the following information:
 
(e) As of April 29, 2011, Dynamic ceased to be the beneficial owner of more than 5% of the securities of the Company.
 
 
 
 
 
SCHEDULE 13D
CUSIP No. 23962Q 100
  
 
Page 5 of 5 Pages

 
SIGNATURE
 
After reasonable inquiry and to the best of their knowledge and belief, the undersigned hereby certify that the information set forth in this statement is true, complete and correct.
 
Dated:  May 2, 2011
 
  
DYNAMIC WORLDWIDE SOLAR ENERGY, LLC
 
   By: /s/ Stephen B. Delman  
   
Stephen B. Delman
Attorney-in-fact