SEC FORM 4

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^*

Arrington C William

(Last)

(First)

(Middle)

2071 NORTH MAIN STREET

SUITE 3

(Street)

CEDAR CITY

84720

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
COMPOSITE TECHNOLOGY CORP [ CPTC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Former 10% owner

3. Date of Earliest Transaction (Month/Day/Year)
02/21/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.001	02/21/2006		S		900,000	D	$1.3278	17,557,512	D
Common Stock, par value $0.001	02/22/2006		S		65,000	D	$1.293	17,492,512	D
Common Stock, par value $0.001	02/22/2006		S		10,000	D	$1.25	17,482,512	D
Common Stock, par value $0.001	02/23/2006		S		35,000	D	$1.25	17,447,512	D
Common Stock, par value $0.001	02/23/2006		S		7,500	D	$1.27	17,440,012	D
Common Stock, par value $0.001	02/23/2006		S		2,000	D	$1.29	17,438,012	D
Common Stock, par value $0.001	02/24/2006		S		109,500	D	$1.2559	17,328,512	D
Common Stock, par value $0.001	02/27/2006		S		200,000	D	$1.3368	17,128,512	D
Common Stock, par value $0.001	02/27/2006		S		75,670	D	$1.3055	17,052,842	D
Common Stock, par value $0.001	02/28/2006		S		101,708	D	$1.2857	16,951,134	D
Common Stock, par value $0.001	03/01/2006		S		120,000	D	$1.2548	16,831,134	D
Common Stock, par value $0.001	03/01/2006		S		64,392	D	$1.2577	16,766,742	D
Common Stock, par value $0.001	03/01/2006		S		33,900	D	$1.28	16,732,842	D
Common Stock, par value $0.001	03/02/2006		S		85,330	D	$1.25	16,647,512	D
Common Stock, par value $0.001	06/13/2006		S		20,000	D	$1.205	16,627,512	D
Common Stock, par value $0.001	06/13/2006		S		5,000	D	$1.237	16,622,512	D
Common Stock, par value $0.001	06/13/2006		S		5,000	D	$1.222	16,617,512	D
Common Stock, par value $0.001	06/13/2006		S		5,000	D	$1.204	16,612,512	D
Common Stock, par value $0.001	06/13/2006		S		5,000	D	$1.201	16,607,512	D
Common Stock, par value $0.001	06/13/2006		S		5,000	D	$1.2	16,602,512	D
Common Stock, par value $0.001	06/13/2006		S		5,000	D	$1.177	16,597,512	D
Common Stock, par value $0.001	06/13/2006		S		5,000	D	$1.19	16,592,512	D
Common Stock, par value $0.001	06/14/2006		S		25,000	D	$1.19	16,567,512	D
Common Stock, par value $0.001	06/14/2006		S		2,500	D	$1.17	16,565,012	D
Common Stock, par value $0.001	06/15/2006		S		50,000	D	$1.246	16,515,012	D
Common Stock, par value $0.001	06/15/2006		S		80,000	D	$1.25	16,435,012	D
Common Stock, par value $0.001	06/15/2006		S		50,000	D	$1.2413	16,385,012	D
Common Stock, par value $0.001	06/15/2006		S		92,200	D	$1.2	16,292,812	D
Common Stock, par value $0.001	06/15/2006		S		55,000	D	$1.24	16,237,812	D
Common Stock, par value $0.001	06/15/2006		S		30,000	D	$1.26	16,207,812	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Options to purchase common stock	$0.3463	11/03/2001		J⁽¹⁾			635,216	03/31/2006	06/07/2011	Common Stock par value $0.001	635,216	⁽²⁾	635,216	D

Explanation of Responses:

1. The stock options were issued in connection with the reverse acquisition of Transmission Technology Corporation ("TCC"). Mr. Arrington previously held stock in TCC.

2. Not applicable

	C. William Arrington	09/08/2006
	** 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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